Latest finance news – Page 23
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NewsMajestic Wine completes Enotria & Coe acquisition
Wine specialist Majestic Wine has completed the acquisition of premium wines and spirits supplier Entoria&Coe.
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NewsSosandar warns on profits as it shifts away from promotions
Fashion retailer Sosandar has revised down its full-year profit and sales expectations, as it is continuing its “transition away from price promotional activity”.
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NewsWHSmith sales jump but profit down as high street trading drags
WHSmith reported a jump in revenues but profit before tax inched down in its first financial update since announcing the sale of its flagging high street business.
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NewsLVMH sales slip but Sephora continues to grow
Luxury retail group LVMH has recorded a slight dip in revenue, despite Sephora continuing to perform strongly.
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NewsUK business confidence plummets into 'ominous territory'
UK business confidence has dropped to its lowest point in over two years as concerns mount over tax increases and US President Donald Trump’s intensifying trade war, a new survey reveals.
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NewsRetail sales showing green shoots, says BRC
Retail sales are showing signs of underlying strengthening of demand, according to the British Retail Consortium (BRC).
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NewsArc’teryx owner acquires outerwear brand Jack Wolfskin
The owner of outdoors brand Arc’teryx, Anta Sports, has snapped up Jack Wolfskin in a £222m deal to acquire it from sports equipment company Topgolf Callaway.
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NewsUniqlo parent company ups profit forecast as it gears up for another ‘record’ year
Uniqlo’s parent company Fast Retailing has reported rising sales and profits during the first half and upped its full-year guidance as it gears up for yet another “record” year of trading.
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NewsShein gets green light from UK regulators for London IPO
Shein has reportedly been given the green light from Britain’s Financial Conduct Authority to float in London.
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NewsTesco’s Ken Murphy unveils plans for a potential price war and Trump tariffs turmoil
Despite reporting incredibly strong trading figures for the last financial year, Tesco slashed its profit forecast for the coming year. Is the supermarket giant being overly cautious though?
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NewsThe Very Group completes refinancing
The Very Group has refinanced £598m through issuing privately placed senior secured notes due in August 2027.
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NewsTesco expects lower profits next year as it records highest market share in years
Tesco has said it expects next year’s profits to be lower after recording its highest market share in nearly a decade.
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NewsMarks Electrical revenue grows as it pivots back to ‘premium focus’
Marks Electrical has recorded an uplift in revenue and said it is “actively pivoting” back to its “historically successful premium focus” to drive better margin performance.
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NewsJD Sports holds firm on outlook but warns of uncertainty over tariffs
JD Sports said it has started the year “in line with expectations” but warned that its guidance for the 2026 financial year excludes the pending impact of changes to tariffs amid a “volatile” trading environment.
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NewsBoots sees increase in sales in second quarter
Boots UK sales were up 1.6% in the three months to February 28, 2025, versus the year before.
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NewsLush losses widen and it expects to pass on tariff costs to US customers
Lush has reported widening losses and said it anticipates passing the tax from tariffs on to American shoppers.
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NewsClintons returns to profit following period of distress
Card and gifting retailer Clintons has returned to profit after a period of distress that included a restructuring plan and store closures.
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NewsUK shoppers expected to spend over £2bn during Easter
UK shoppers are set to spend over £2bn over the upcoming Easter bank holiday weekend, according to GlobalData research.
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NewsTrump frames tariffs as economic ‘medicine’ as markets tumble
“I don’t want anything to go down. But sometimes you have to take medicine to fix something,” Trump said.
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NewsJigsaw has a new majority shareholder after securing £5m fresh funding
Fashion retailer Jigsaw has secured a fresh multimillion-pound cash injection from Carphone Warehouse co-founder David Ross.