Latest finance news – Page 16
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NewsFootasylum hails ‘standout’ year as profits and sales surge amid ongoing growth
Sportswear retailer Footasylum has hailed the success of its “standout performance” for the full year as profits and sales surged amid the retailer’s ongoing growth trajectory.
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NewsApple’s corporation tax surges following £1bn profit milestone
American tech group Apple has seen its corporation tax in the UK surge after it exceeds £1bn in profits.
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NewsBensons for Beds reports losses but its on track for ‘significantly improved’ performance
Bensons for Beds has reported a loss as it continues to battle “market headwinds and inflationary cost pressures”.
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NewsFrasers Group bags ‘substantial’ increase to credit facility
Frasers Group has entered into a new term loan and revolving credit facility, bolstering its existing financing facilities to fuel future growth.
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NewsWatches of Switzerland surpasses $1bn in US sales
Its fast-growing US business has helped drive record revenues at the British hard luxury retailer.
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NewsCurrys results show “strongest balance sheet in a decade”
The electricals retailer reported £162m in group adjusted profit before tax in the year ended May 3, 2025, a 37% increase year on year.
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NewsSuperdrug profits rise as sales grow across stores and online
Health and beauty retailer Superdrug has reported a rise in profit accompanied by a growth in sales across stores and online channels.
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NewsTrade customers power Topps Tiles revival
Topps Tiles has hailed its “strong trading momentum” and improving sales across the business, as its turnaround efforts gather pace.
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NewsGreggs issues profit warning
Food-to-go giant Greggs has issued a profit warning, saying that it was dealing with strong year-on-year sales comparatives and ballooning costs across the business.
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NewsScS-owner Poltronesofà sees sales uptick from refreshed UK stores
ScS-owner Poltronesofà is close to completing a £57m transformation of 96 of the sofa retailer’s stores and expects it to be “highly profitable” by 2026, Retail Week can reveal.
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NewsClarks slashes 1,200 jobs as sales slump in ‘year of transition’
Footwear specialist Clarks slashed more than 1,000 jobs last year as its sales slumped by almost £100m in a “year of transition” at the business.
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NewsSainsbury’s posts sales boost and hits highest market share in decade
Sainsbury’s has delivered strong first quarter growth, with gains in retail sales and in market share.
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NewsShop prices return to inflation as retailers battle cost pressures
Headline shop prices have returned to inflation in June as cost pressures on retailers take toll.
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NewsWHSmith revises sale of UK high street arm
WHSmith has announced the completion of the sale of its UK high street arm to new owner Modella Capital under amended sale terms.
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NewsBoots sales rise as online performance continues to strengthen
High street health and beauty retailer Boots has recorded a rise in sales as its online performance continues to grow.
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NewsTopps Tiles names new chief executive
A former National Express boss has been appointed as the new chief executive of Topps Tiles.
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NewsH&M profits fall as costs and markdowns take toll
H&M has reported a decline in operating profit in its most recent quarter and the first half of its financial year.
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NewsMoonpig boss to step down as annual profits edge up
Moonpig chief executive Nickyl Raithatha is to leave the greetings card specialist after seven years in post.
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NewsHalfords sales rise and profit grows ahead of expectations
Cycling and motoring specialist Halfords has recorded a rise in overall revenue as profit came in ahead of expectations.
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NewsMarks Electrical reports record revenue before pivoting to more premium offering
Marks Electrical has reported record full-year revenue as it now turns its attention to focusing on its offering in the premium segment.