Latest finance news – Page 17
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NewsHammerson in talks to sell stake in Value Retail
UK shopping centre owner Hammerson is reportedly in talks to sell its 40% stake in Value Retail.
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NewsRevolution Beauty upgrades full year guidance
Revolution Beauty has upgraded its guidance for the full year as it posted a rise in profit and revenue in the six months to August 31.
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NewsDune sale process slows despite ‘multiple offers’
Footwear and accessories retailer Dune’s sale process has reportedly been delayed, despite offers from fashion giants Next and Aurelius among others.
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NewsPoundland yet to reach deal with 15 Wilko store landlords
Poundland has not yet reached an agreement with the landlords of more than 15 former Wilko sites, which it had intended to reopen under its own brand.
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NewsThe Range warns on outlook as sales slip
The Range has reported a decrease in sales and warned of a “severe but plausible downside” that could impact future sales.
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NewsUnder Armour lowers sales guidance after flat quarter
Sportswear retailer Under Armour has slashed its full-year sales outlook as a result of “challenges” in North America and flat revenues during its second quarter.
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NewsThe Works drops profit guidance by £4m
The Works has dropped its profit guidance by £4m as it anticipates taking a hit on prices to remain competitive in the eyes of bargain-hunting shoppers.
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NewsB&M raises profit outlook
B&M has upped its profit guidance for FY24, but said forecasting has been difficult against a volatile backdrop.
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NewsWHSmith sales and profits soar
WHSmith has reported soaring sales and profits off the back of strengthening footfall in its travel division.
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NewsOutlet Shopping at The O2 posts ‘strong’ sales month
Outlet Shopping at The O2 has recorded a “strong period of trading” in October as it remains on track for one of its “most successful years to date”.
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NewsPandora hails ‘strong growth’ and ups growth guidance
Jewellery specialist Pandora hailed “strong growth” during the third quarter as it reported a rise in revenue and upped its full-year growth guidance, despite a fall in profit.
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NewsBensons for Beds back in black
Bensons for Beds has made a return to profitability after bedding in its transformation strategy.
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NewsMarks & Spencer 'ambitious for future growth' despite cautious outlook
Marks and Spencer has reported soaring profits for the first half of the year but it expects a slower second half.
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NewsPrimark ‘doing Christmas better than ever before’, says ABF boss George Weston
Chief executive of Primark’s parent company ABF George Weston has said Christmas is going “better than ever before” as shoppers have started to spend early.
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NewsShein weighs up Topshop bid
Fast-fashion giant Shein has formally registered its interest in bidding for the Topshop brand.
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NewsWatches of Switzerland sales increase
Watches of Switzerland posted strong sales as demand for luxury watches remains robust despite a difficult consumer environment.
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NewsPrimark profits soar driven by sales increase in all markets
Value fashion retailer Primark posted a rise in profits as sales increased in all markets across the UK, Europe and the US in the full year ending September, 2023.
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NewsSigna ‘funding crisis’ raises questions for Frasers and Selfridges
Frasers Group’s acquisition of SportScheck has reportedly been “thrown into question” as the German sportswear retailer is at risk of collapsing into administration.
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NewsWhite Stuff profits and sales rise in ‘strong’ year
White Stuff has reported a rise in both profits and sales in a “strong” year of growth for the fashion retailer in the early stages of its “ongoing business transformation”.
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NewsWilko confirms opening dates and locations for first three concept stores
Wilko has revealed the opening dates and locations for its first three concept stores, due to open before Christmas.