All City & finance articles – Page 262
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NewsArgos to pay £2.4m to staff paid below minimum wage
Argos is shelling out £2.4m in wages after an HMRC investigation revealed it had underpaid more than 37,000 current and former staff.
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AnalysisAgenda: Asda and Hotel Chocolat update the market
Retail Week looks ahead to the next seven days, with Asda’s latest quarterly update and half year results from Hotel Chocolat both on the agenda.
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NewsHomebase owner makes loss in UK amid Bunnings rebrand
Australian conglomerate Wesfarmers, which bought Homebase last February, said it made a pre-tax loss of £28m in the UK in its maiden half-year.
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NewsToday in retail: Will inflation stunt consumer spending?
Retailers will have watched with interest today as the latest figures showed inflation has hit a two-and-a-half year high.
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OpinionOpinion: Waitrose’s tough decisions are in its interests
Who’d have thought that just a year into his tenure, Waitrose managing director Rob Collins would be closing stores?
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DataData: Top 50 retailers by sales during 2015/16 financial year
Retail Week’s ranking of the UK’s top 50 retailers by sales for the 2015/16 financial year sees The Range, Inditex and Asos enter the table for the first time.
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NewsToday in retail: Tesco plagued by pricing pitfalls
Tesco has dominated the retail headlines today after claims that promotional offers at the shelf edge were not being applied at the tills.
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NewsCo-op Bank up for sale as finances falter
The Co-op Bank is putting itself up for sale, inviting offers to buy all shares.
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NewsAgent Provocateur deal nears as Lion emerges as bidder
Agent Provocateur’s owners are reportedly close to securing a deal, with the circle of buyers narrowing to around three.
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NewsJaeger on the hunt for investors as turnaround continues
Jaeger is reportedly looking for investors, engaging Alix Partners to examine interest from potential partners or to find a buyer.
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NewsAdvent sells off remaining DFS shares as margin hit
Private-equity company Advent has sold remaining shares in DFS, which represent a 12.1% stake in the company.
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NewsAgenda: Homebase Bunnings reveal latest sales figures
Retail Week looks ahead to the next seven days with financial updates from Homebase Bunnings owner Wesfarmers on the agenda.
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NewsToday in retail: Dunelm dips as market bites
Dunelm revealed slumping profits today as a challenging market, disrupted supply chain and an acquisition-laden half took its toll.
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NewsDunelm half-year profits slip amid ‘weaker market’
Dunelm has suffered a slump in profit during the first half of its financial year as a “weaker market” and “supply chain disruption” hampered performance.
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NewsYoox Net-a-Porter sales jump as customer numbers grow
Yoox Net-a-Porter has posted a spike in full-year sales as the group hailed increases in order numbers and active customers.
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AnalysisAnalysis: Who could be on Asda's shopping list?
The past year has witnessed a monumental shift in strategy from the UK’s leading grocers as supermarket chains seek to open up new revenue streams.
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NewsCo-op boss Richard Pennycook to step down
The Co-op’s group chief executive Richard Pennycook is stepping down from the mutual, to be succeeded by food boss Steve Murrells.
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NewsToday in retail: Aldi topples the Co-op to hit high five
Aldi greeted this morning’s news that it has toppled the Co-op to become the fifth largest grocer in the UK with little fanfare.
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NewsBooker bids to convince retailers over Tesco deal
Booker bosses will kick-start a tour of the UK tomorrow as they bid to convince independent retailers of its shock £3.7bn merger with Tesco.
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NewsNew Look sales and profits plunge in third quarter
New Look suffered plunging sales and profits during the crucial Christmas quarter as it lamented the “extremely challenging” trading environment.