Latest finance news – Page 27
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NewsShop prices remain in deflation but this is set to be short lived
Shop prices have remained in a state of deflation in February, but there are warnings that inflation can rise due to recent price hikes, geopolitical tensions, and the £7bn in added retail costs.
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NewsAsda scraps bonuses for thousands of employees amid sliding sales
The bonuses are usually handed out in the first three months of each year to around 10% of Asda’s employees.
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NewsClub L London snaps up fashion retailer as it continues to ramp up global growth
Occasionwear specialist Club L London has snapped up fashion retailer Lavish Alice.
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NewsTK Maxx owner TJX ‘exceeds guidance’ with improvement to store sales
TK Maxx’s parent company TJX has reported that the group has “exceeded guidance” as store sales perform better than expected.
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NewsWickes acquires Homebase units to fuel expansion plans
Wickes has acquired the leases for several Homebase stores following the retailer’s collapse into administration.
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NewsOcado still in 'constructive' talks with Marks & Spencer over April payment
Ocado is still in “constructive conversations” with Marks & Spencer in a row over a final payment that is due in around a month’s time.
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NewsOcado losses narrow as it ‘significantly’ improves revenue
Ocado Group has delivered narrowing losses and “significantly” improved revenues and cash flows.
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NewsIssa brothers' EG Group posts ‘strong trading’ and profit growth
EG Group has reported “strong trading” in which it saw profits rise driven by growth in the US and Europe.
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NewsLandlord Hammerson hails ‘transformative’ year as new stores drive sales
Hammerson, which owns shopping centres including Brent Cross, Bullring & Grand Central and The Oracle among others, has said it is a “repositioned business” going into 2025 following a “transformative and successful” year.
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NewsPart-time retail jobs ‘at risk’ due to the impact from the Budget
Around one in 10 part-time jobs could be at risk due to the impact of the Budget and upcoming regulatory changes, the British Retail Consortium (BRC) warned.
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NewsVictorian Plumbing sees rise in revenue after growth initiatives
The increase, for the first 21 weeks of FY25, comes after the opening of a semi-automated distribution centre in December 2024.
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NewsShein’s profits have plummeted ahead of London listing
Fast-fashion giant Shein’s profits plummeted by more than a third last year, according to reports, ahead of its highly-anticipated London listing.
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NewsJust Eat is being acquired by a Dutch-based technology investment firm
Takeaway and delivery platform Just Eat has agreed to a €4.1bn (£3.4bn) takeover by a Dutch-based technology investor, Prosus.
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NewsB&M CEO to step down as the discounter cuts its profit guidance again
B&M has announced its chief executive is retiring as the discounter cuts its profit guidance for a second time this year.
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NewsAsda has avoided fines despite missing the deadline for its £800m IT upgrade
Walmart has offered its former business Asda a lifeline after the UK supermarket chain missed a crucial deadline for an £800m technology overhaul.
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NewsAldi ups pay for second time in a month on back of Lidl’s increase
Value grocer Aldi has announced a further pay rise for staff, just a month after originally revealing a higher rate.
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NewsThe Original Factory Shop has been bought by Hobbycraft’s owner
The Original Factory Shop has been purchased by Modella Capital, the owner of retailer Hobbycraft.
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NewsConsumer confidence has risen despite cost-of-living crisis being ‘far from over’
Consumer confidence has risen two points in February, as the public is more optimistic about their personal finances in the year ahead despite the ongoing cost-of-living crisis being “far from over”.
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NewsWalmart sales and income climb as media business grows
Top retailer Walmart has posted a rise in sales and earnings, bolsted by its fast-growing advertising business.
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NewsFashion retailer Quiz calls in administrators
Clothing group Quiz has brought administrators on board, likely leading to job losses and store closures.