Latest finance news – Page 24
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NewsGuess announces new CFO
The US-based retail business announced that Alberto Toni is expected to take the role in mid-June.
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NewsTHG completes refinancing package
The ecommerce company has completed debt refinancing through to December 2029.
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NewsCo-op ready to ‘stand and fight’ against inflationary pressures
The Co-op says the work it has done over the last few years to offset costs and strengthen its balance sheet means it’s now ready to “stand and fight” in any potential price war.
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NewsNew Look owners invest £30m to ‘supercharge’ digital transformation
New Look chief executive Helen Connolly has “never been more excited about the future” of the business after its owners invested £30m to fuel its ambitious growth plans.
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NewsCo-op profits soar as it targets growth despite rising costs ahead
C-store specialist the Co-op’s profits have rocketed for the full year as it hails strategic progress and “right-sizing” of business starting to pay off.
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NewsMoonpig hails ‘strong’ performance as profits and sales grow
Online greetings card and gifting retailer Moonpig has hailed a “strong performance” as sales and profits continue to grow.
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NewsCurrys lifts profit guidance once again
Electricals giant Currys has lifted its profit outlook for the full year again.
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NewsTopps Tiles sales improve despite challenging external cost environment
Topp Tiles have reported improving sales in the first half of the year but warned that the external cost environment remains challenging for the business.
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NewsTheo Paphitis’ Boux Avenue marks ‘breakthrough year’ for profits
Entrepreneur Theo Paphitis’ lingerie and clothing business Boux Avenue will clock up its first-ever profit in the financial year just ending, Retail Week can reveal.
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NewsDecathlon sales rise in ‘transformative’ year
French sports giant Decathlon has reported an increase in sales during 2024 in a “transformative” year for the business.
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NewsAlibaba.com sees double-digit growth in orders from UK buyers
Business-to-business platform Alibaba.com has recorded a leap in year-on-year orders placed by UK small and medium enterprises (SMEs) during its annual expo.
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NewsShop prices stay deflated for most non-food categories
Shop prices remained deflated in March, with most non-food categories driving this fall despite retailers facing increased costs from the budget.
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NewsMajestic buys wine supplier to ‘turbocharge’ business
Specialist retailer Majestic Wine is to acquire a leading wine and spirits supplier as it prepares for a new business phase.
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NewsPets at Home cuts next year’s profit guidance due to costs from Budget
Pets at Home has reduced its profit guidance for the next financial year as it battles cost increases stemming from the Budget.
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NewsBoohoo vows to push forward with Debenhams rebrand despite Frasers Group intervention
Boohoo has vowed to push forward with its plans to rebrand the group to Debenhams, despite Frasers Group thwarting its efforts to pass a resolution on the subject at today’s general meeting.
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NewsModella Capital lays out plans for WHSmith after acquiring its high street arm
Private equity firm Modella Capital has laid out its plans for the WHSmith high street business, which was acquired in a £76m deal.
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NewsWHSmith sells UK high street business to private equity firm and rebrands to TGJones
WHSmith has made the decision to sell its UK high street business to a private equity firm in a £76m deal as it focuses on becoming a pureplay global travel retailer.
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NewsAsda invests £80m in raising frontline staff pay
The supermarket said this brings its total investment in staff pay to half a billion pounds since 2021.
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NewsH&M profits hit by ‘negative external factors’ and increased markdowns
Swedish fashion giants H&M have reported a dip in profits in the first quarter, driven by “negative external factors”, increased markdowns of products and investment.
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NewsNext upgrades profits and sales guidance after strong start to the year
Next has upgraded its full price sales and pre-tax profit guidance for the current financial year after trading in the first eight weeks of the period were ahead of expectations.