All City & finance articles – Page 77
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NewsPaperchase faces collapse as solvent rescue hopes fade
Paperchase is on the brink of collapse as hopes of a solvent rescue deal have faded.
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NewsAsda leverages credit to offer financial support to suppliers
Asda has launched a programme leveraging its credit to provide working capital to suppliers in the face of the cost-of-living crisis.
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NewsCostcutter owner Bestway Group takes £200m stake in Sainsbury’s
Bestway Group, which owns c-store chain Costcutter, has taken a £200m stake in Sainsbury’s.
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NewsCrew Clothing ends year of growth with ‘strong Christmas trading’
Crew Clothing has ended a year of consistent growth with a strong Christmas performance driven by customers returning to stores over the festive season.
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NewsTHG appoints new finance boss as Gallemore switches roles
Online retailer THG has named a new chief financial officer as the previous postholder John Gallemore changes responsibilities.
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NewsPrimark sales rocket over ‘very strong’ Christmas
Value fashion giant Primark traded better than expected over Christmas, including a “step up” in the UK.
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Opinion‘Don’t write off the pureplays, despite a Christmas shocker’
As store shutters slammed down during lockdowns, some wrote off the likelihood of a bricks-and-mortar recovery. Now the same gloom has descended over pureplays. It was proven wrong then and it will be proved wrong now.
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NewsDunelm upgrades profit outlook as sales skyrocket
Dunelm has upgraded its profit forecast after a strong performance over Christmas saw sales skyrocket.
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NewsBoohoo blames strong comparatives and long lead times for sales slump
Pureplay fashion giant Boohoo has blamed strong year-on-year comparatives and extended international delivery times for a slump in sales.
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NewsCurrys confident UK performance will offset decline in international arm
Currys’ revenues fell over the festive period, although the retailer’s UK and Ireland business delivered better-than-forecast results to offset issues internationally.
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NewsQuiz sales rise as shoppers snap up occasionwear
Fashion retailer Quiz has reported a strong sales increase over Christmas when consumers bought party gear as they celebrated a festive period free of pandemic restrictions.
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NewsTHG reports record sales and acts to improve profitability
THG, the online group that owns a raft of health and beauty brands, has posted record annual sales of £2.25bn but warned on earnings.
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NewsMatalan lenders pledge £100m of new investment after seizing control
Matalan’s lenders have taken over the ownership of Matalan after a prolonged corporate battle with former chair and co-founder John Hargreaves.
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NewsMade.com to enter voluntary liquidation process
Made.com will be placed into members’ voluntary liquidation to formally wind up the company, a shareholder vote on the future of the company has concluded.
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NewsDFS reiterates profit guidance after strong start to the year
Furniture specialist DFS has reiterated its full-year profit guidance and hailed a strong start to winter trading, having spent much of last financial year struggling with low customer demand.
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AnalysisAnalysis: How retail confounded the doom and gloom to achieve a very merry Christmas
As soon as retailers’ Christmas updates started coming in, it was clear that something unexpected had happened – the festive season had been better than anticipated for many
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NewsPepco sales soar off the back of ‘very successful Christmas’
Poundland parent company Pepco has reported a boost in sales in the lead-up to Christmas and said it expects “another year of consistent performance” in 2023.
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NewsProCook confident of recovery despite challenging Christmas period
ProCook has said it is confident its performance will improve despite reporting falling revenues over a Christmas period hampered by challenging trading conditions.
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NewsTesco wins Christmas sales boost and holds profit outlook
Tesco has reported an uplift in sales over the Christmas period and stuck to its full-year profit guidance.
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NewsMarks & Spencer posts ‘strong Christmas growth’ as food and fashion sales climb
Marks & Spencer has reported that its food business “outperformed” over Christmas and it saw “outstanding” results in clothing and home.