All City & finance articles – Page 87
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NewsNext investment in Joules in doubt following profit warning
A potential investment by Next in embattled fashion retailer Joules may not go ahead in the wake of the latter’s most recent profit warning
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NewsUpdated: Asda frontrunner to buy Co-op forecourts business
The Co-op is in talks to offload its forecourts business for about £450m to cut debt and improve its balance sheet.
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NewsPaperchase eyed up by retail entrepreneur Steve Curtis
Retail entrepreneur Steve Curtis is leading a consortium to purchase stationery chain Paperchase.
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NewsIceland expects profit hit as higher energy costs bite
Iceland anticipates a hit to earnings this financial year as the soaring cost of energy takes a toll but said it is well positioned to weather tough trading conditions
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NewsAsda hails impact of price investments despite slide in sales
Asda has suffered a slide in sales during its second quarter but insisted its investments in price are driving positive momentum heading towards the crucial festive period
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NewsSenior director exits embattled Made.com as it considers capital raise
The senior independent director at troubled Made.com has left the retailer just one day after it said it may need to raise new financing.
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NewsRevolution Beauty warns of stock trading suspension amid audit turmoil
Revolution Beauty has warned that its shares could be suspended from the start of next month due to delays in the audit of its full-year financial results.
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NewsJoules issues profit warning as hot weather scorches sales
Joules has issued a profit warning for its full year after unseasonably hot weather hit full-price sales.
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NewsSelfridges’ new owners unveil omnichannel ambitions as £4bn deal completes
The new owners of Selfridges intend to create “the world’s leading luxury omnichannel platform” following the completion of the takeover, understood to be valued at £4bn.
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InterviewAnalysis: John Roberts on putting spark back into AO, price pledges and third-party deals
AO boss John Roberts tells Retail Week how he plans to turn the business around with a new streamlined, profit-centric strategy
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NewsBoohoo makes major investment in Revolution Beauty
Boohoo has made a “strategic investment” in Revolution Beauty as part of a beauty push.
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NewsWatches of Switzerland sales surge as luxury demand ‘remains robust’
Watches of Switzerland has posted a spike in sales and unveiled plans for a new London flagship as demand for its luxury products “remains robust”.
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NewsTed Baker accepts fresh £211m takeover bid from Authentic Brands
Ted Baker has accepted a £211m takeover bid from Reebok owner Authentic Brands, ending months of speculation about its future.
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NewsMarks Electrical bucks ‘challenging market’ trend to grow revenues
Pureplay retailer Marks Electrical has reported “strong trading” in the first four months of the year, bucking the weakening trend in the electricals market.
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NewsPets at Home sales rise driven by loyalty scheme and subscriptions
Pets at Home has posted an uplift in sales as it continues to attract new customers to its loyalty and subscription propositions.
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NewsBank of England warns UK will fall into recession this year as interest rates soar
The Bank of England (BoE) has said the UK economy will crash into a recession by the end of the year as it raised interest rates to their highest point in 27 years.
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NewsNext upgrades profit forecast as pandemic shopping behaviours unwind
Next has again upgraded its full-year profit forecast after reporting a reversal of customer trends in the first half of the year.
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NewsScS bumps up profit expectations as like-for-like orders grow
Furniture giant ScS has announced that full-year profits will be ahead of expectation as like-for-like orders grew during the period.
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NewsJust Eat narrows losses but order numbers fall as lockdown boom unwinds
Online food delivery marketplace Just Eat has narrowed losses despite a sharp drop in order numbers as the world exited the pandemic.
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NewsBeaverbrooks profits and sales surge despite Covid closures
Beaverbrooks has posted surging profits and sales despite the impact of store closures during the coronavirus crisis.