Latest finance news – Page 16
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NewsMountain Warehouse to ramp up store expansion following record sales
Outdoor clothing retailer Mountain Warehouse is accelerating the pace of store openings after posting a record sales peak.
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NewsAsos ditches bonus scheme diversity targets
Fashion retailer Asos has abandoned diversity targets in its annual executive bonus scheme as it prioritises profitability.
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NewsRevolution Beauty founder in £3m repayment talks
Revolution Beauty founder Adam Minto is in talks about repaying almost £3m to settle claims that he breached fiduciary duties to the retailer.
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NewsBoots owner offloads £4.8bn pension scheme
Boots has agreed to transfer £4.8bn of pension obligations to insurer Legal & General in a deal that potentially paves the way for a sale by owner Walgreens Boots Alliance.
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NewsMothercare records drop in sales as it ‘continues refinancing’
Mothercare has posted a decline in revenue and international sales as it continues efforts to “refinance the group” and ensure “adequate and appropriate financing for the future”.
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NewsUK consumer confidence increases despite ‘ongoing cost-of-living concerns’
UK consumer confidence rose by six points in November, despite “ongoing cost of living concerns” impacting many customers.
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NewsKingfisher issues profit warning as French market struggles
DIY giant Kingfisher has lowered its full-year profit guidance, saying that market trends in France have been “weaker than expected”.
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NewsAO upgrades profit guidance as it continues to deliver ‘profit and cash generation’
Electricals specialist AO has upgraded its full-year profit guidance after focusing on delivering “profit and cash generation”.
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NewsHalfords targeted for merger by van rental firm
A reported merger bid for Halfords by van rental group Redde Northgate has been dismissed over a price disagreement.
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NewsMusicMagpie in sale talks with The Body Shop buyer
Music Magpie is in “early-stage discussions” with potential buyers as it seeks a private sale.
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NewsWalgreens to pay £1bn to offload Boots pension scheme
Walgreens is considering a hefty payout to offload the Boots pension scheme and reinvigorate shelved plans to sell the retailer.
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NewsBurberry warns on profits as global demand for luxury slows
Burberry has warned that the global slowdown on demand for luxury is having an impact on current trading and will affect its profit guidance for the full year if it continues.
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NewsHotel Chocolat accepts £534m Mars bid
Hotel Chocolat has accepted a £534m acquisition bid from Mars, with the board now recommending the cash offer to its shareholders.
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NewsRetailers call on chancellor to ease business rates in autumn statement
A coalition of retailers, hospitality and leisure businesses have written to Chancellor Jeremy Hunt, urging him to freeze the business rates multiplier and extend existing rate reliefs.
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NewsThai retail group takes control of Selfridges
Thai retailer Central Group has taken control of Selfridges following problems at partner Signa, with which it bought the famous department store in a $5bn deal.
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NewsSteep fall in inflation helped by food price changes
Inflation fell to 4.6% in October, official data has shown.
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NewsAsda cuts debt as focus on low prices pays off
Asda has reported a rise in quarterly sales and reduced its debt burden.
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NewsExclusive: BRC warns ‘no town or city centre safe’ from business rates rise
The British Retail Consortium has warned that “no town or city centre in England is safe” as retail giants brace for an increase in business rates as part of the autumn statement next week.
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NewsPrivate equity group Aurelius snaps up Body Shop
Specialist beauty retailer The Body Shop has been sold to private equity group Aurelius.
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NewsDr Martens appoints new chief financial offer
Dr Martens has announced that Giles Wilson will join the footwear retailer as its new chief financial officer, hot on the heels of Jon Mortimore.