Latest finance news – Page 22
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NewsTHG revenue slips following Ingenuity demerger
THG has reported a decline in sales following its demerger from the group’s technology division, Ingenuity.
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NewsVinted delivers leap in sales and profit as it launches in new markets
Second-hand marketplace Vinted has recorded a large increase in sales and profit as it continues to expand into new categories and markets.
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NewsFood inflation rises in April as labour costs rise
Recent figures suggest that food price inflation is slowly creeping back up, according to the BRC-Nielsen shop price index.
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NewsOner Active sees ‘exceptional’ growth as sales nearly double
Women’s sportswear brand Oner Active has reported “exceptional” year-on-year growth as sales nearly double.
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NewsPoundland receives new takeover bid from Lakeland owner
Value giant Poundland has received two new takeover offers, according to reports.
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NewsHundreds of jobs potentially at risk at The Original Factory Shop
Owner Modella Capital is aiming to renegotiate rents at almost half of the company’s stores, according to a Sky News report.
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NewsUK retail sales keep rising, defying analyst expectations
Clothing and outdoor retailers cited good weather as the reason for a rise in sales volumes, which rose by 0.4% versus the previous month. Analysts had been expecting a 0.4% fall.
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NewsConsumer confidence falls as cost increases and Trump’s tariffs cause concern
Consumer confidence fell four points in April as cost increases across household bills, taxes, and retail goods along with Trump’s tariffs are causing concern.
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NewsAsos sales fall but losses narrow as it continues to improve profitability
Online fashion retailer Asos has reported falling sales but an improvement to profitability as losses continue to narrow.
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NewsCharles Tyrwhitt profits and sales up despite ongoing ‘risk and uncertainty’
Suits and shirts specialist Charles Tyrwhitt has reported a rise in profits and sales as it hails current brand positioning and a boost from the return to the office despite ongoing headwinds.
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NewsTHG rejects ‘undervalued’ takeover proposal for Myprotein
THG has rejected a takeover proposal from Selkirk to acquire its Myprotein brand as it “fundamentally undervalued” the brand and its future prospects.
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NewsRituals expects to increase global sales following ‘record year’ in 2024
Luxury beauty brand Rituals expects to increase its annual turnover further as it reports on a “record year” in 2024.
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NewsHobbycraft to close stores and axe around 100 jobs
Hobbycraft’s owner Modella Capital is planning to close at least nine stores with around 100 jobs slashed in a bid to restructure the business.
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NewsMatalan secures new funding to fuel ‘sustainable’ and ‘profitable’ growth
Fashion and homewares retailer Matalan has secured a fresh multimillion-pound cash injection as it continues on business its transformation strategy.
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NewsDHL suspends high-value US deliveries over tariffs
DHL Express has suspended deliveries to the US worth more than $800 (£603), blaming the “significant increase” in red tape at customs due to the introduction of tariffs by the Trump administration.
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NewsBensons for Beds owner mulls bid for Poundland
Alteri, the owner of Bensons for Beds, has emerged as one of several potential contenders to take over discounter Poundland.
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NewsDeliveroo reports first quarter growth as UK and international orders soar
Rapid delivery specialist Deliveroo has reported a “strong” performance during the first quarter thanks to order growth in both the UK and internationally.
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NewsSainsbury’s sales and profits rise thanks to highest market share growth for a decade
Grocery giant Sainsbury’s has reported a rise in profits and sales for the full year as it posted its highest market share growth for more than a decade despite forecasting flat profits for the year ahead.
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NewsDunelm holds firm on guidance as it hails ‘strong’ sales growth
Homewares retailer Dunelm said it is “on track” to hit its profit before tax guidance for the full year as sales during the third quarter surged despite “increased uncertainty on consumer sentiment” ahead.
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NewsBravissimo boss steps down after Wacoal acquisition
The chief executive of lingerie specialist Bravissimo is stepping down from her role.