Latest finance news – Page 18
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Wickes underlines profit guidance as it grows market share
Wickes has reported an increase in core market share as it remains “on track to meet full-year expectations”.
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Currys to sell Greek business for £175m
Currys has entered an agreement to sell its Greek business, Kotsovolos, to Greek electricity supplier Public Power Corporation (PPC) as it aims to strengthen its balance sheet and focus on the UK, Ireland and Nordic markets.
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Sainsbury’s winning back shoppers from discounters ‘for first time’
Sainsbury’s boss Simon Roberts says the supermarket is now winning back market share from the discounters “for the first time”.
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Hugo Boss maintains guidance after ‘robust’ third quarter
Fashion retailer Hugo Boss has maintained its full-year guidance after a “robust” third-quarter performance with top-line improvements across “both brands, all regions and all consumer touchpoints”.
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Zalando revises guidance as it posts revenue decline
Online fashion giant Zalando has recorded a decrease in group revenue and is reviewing its guidance as it expects “continued pressure on demand” for the remainder of the financial year.
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Sainsbury’s sales rise as it continues to ‘invest in customer’
Sainsbury’s has reported a rise in sales that it credits to “consistent investment in our customer proposition” and has increased its guidance for the full year.
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Matches aims to rekindle ‘customer love’ after full-year loss
Matches has said it will focus on getting the brand back to profitability and growing “customer love” amid its turnaround strategy after a full-year loss and decline in revenue.
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Next juggernaut rolls on as it ups profit guidance
Fashion giant Next has increased its full-year profit guidance and reported an uptick in full-price sales.
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Asos losses deepen as it prioritises shift ‘back to fashion’
Embattled fashion retailer Asos has reported deepening losses and falling revenue, and unveiled plans for a strategic switch “back to fashion” in 2024.
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Kurt Geiger hails ‘international success’ as profits soar
Kurt Geiger has credited a full-year surge in both revenue and profits to the “success” of its international expansion strategy.
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Asda acquires EG and pledges price cuts
Asda has completed its purchase of forecourt retail giant EG Group at an enterprise value of £2.07bn. It vowed the deal will mean lower fuel and grocery prices “for millions”.
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Body Shop enters exclusive sale talks with Aurelius
Private equity house Aurelius is in exclusive talks to acquire health and beauty retailer The Body Shop, which is being sold by owner Natura &Co.
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Embattled Asos considers sale of Topshop
Online fashion specialist Asos is examining the possible sale of the Topshop brand, which it bought three years ago, as boss José Antonio Ramos Calamonte seeks to turn around the core business.
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Frasers offloads Missguided to Shein and eyes Wiggle deal
Frasers Group has sold Missguided’s intellectual property to online fast fashion giant Shein and flagged the potential for future collaboration between the pair.
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Amazon sales increase to beat analyst forecasts
Amazon performed better than anticipated with a sharp rise in sales and income in the third quarter to September 30.
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‘Challenging’ market conditions hit Very Group results
The Very Group has posted its full-year results, showing relatively flat revenue and a mixed sales performance.
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Boohoo threatened with £100m lawsuit
Fast-fashion retailer Boohoo is facing a potential £100m lawsuit from investors after modern slavery allegations slashed more than £1bn from its value.
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Vinted mulls £174m share sale
Lithuanian online marketplace Vinted is reportedly in talks about a sale of shares that could be worth more than €200m (£174m) in its bid to lead the sustainable fashion boom.
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ScS posts ‘resilient’ results as current trading ‘toughens’
Profits at sofas retailer ScS edged down last year and the retailer reported that the trading environment has been harder in the first quarter of the new financial year.
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Asos delays results and confirms full-year loss
Online fashion specialist Asos has delayed its full-year results for a week.