Latest finance news – Page 40
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NewsFrasers Group has backed a takeover of N Brown as it continues chasing Mulberry
Mike Ashley’s Frasers Group has backed the £191m takeover proposal for fashion giant N Brown and told shareholders it is continuing its bid to acquire luxury brand Mulberry.
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NewsHobbycraft profits have plummeted 80% despite sales growth
Hobbycraft’s profits have plummeted despite improved sales and margin growth.
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NewsTesco boss hails 'significant step' as supermarket giant strikes clean energy deal
Tesco has struck a deal to buy enough solar power to run 144 of its large supermarkets, after buying up nearly two-thirds of the output of a Kentish solar park.
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NewsDeliveroo posts a rise in transaction value and orders
Rapid delivery specialist Deliveroo has reported “solid” growth in its third quarter with an uplift in transaction value and orders.
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NewsDFS finance chief is set to stand down
DFS chief financial officer John Fallon is to stand down at the end of the month from his role at the furniture retailer.
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NewsN Brown is to be bought by an Alliance family member
Joshua Alliance, a member of the family who built N Brown, has made a recommended offer for the home shopping group.
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NewsProCook has its sights set on new store openings as sales jump
ProCook has its eyes set on opening 10 new stores before the end of the financial year, with four opened in the first half and the remaining six set to open before the crucial Christmas trading period.
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NewsFrasers has acquired a stake in a Malta-based sports retailer
Frasers has acquired a stake in Hudson Malta, a premier retail and distribution business based in Malta, as the retail group looks to spread its international footprint.
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NewsBoots has grown market share for 14th consecutive quarter as full-year sales rise
Boots has delivered its 14th consecutive quarter of market share growth in the UK as full-year sales grew, driven by beauty products.
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NewsVictoria Plum to cease trading after it makes £2m loss in four months
Victorian Plumbing is set to close the Victoria Plum business it acquired in May, after it made a nearly £2m loss in four months.
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NewsSelfridges’ property portfolio value plummeted last year
The value of luxury department store Selfridges’ property portfolio plummeted by more than half a billion pounds last year, according to reports.
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NewsRetailers have urged the chancellor to keep promise on business rates relief
Chancellor Rachel Reeves has been urged to maintain the government’s commitment to ease the pressure from business rates on the high street.
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NewsMulberry's owner has rejected an increased bid from Frasers Group
The owner of luxury fashion brand Mulberry has rejected a revised bid from Frasers Group and said it has “no interest” in selling its shares to the retailer.
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NewsZalando has upped its guidance as sales and profits soar in ‘strong start’ to the season
Online fashion giant Zalando has increased its full-year guidance as sales and profits surged thanks to a “strong start” to the autumn/winter season.
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NewsQuiz chief financial officer heads for the exit
Fashion retailer Quiz’s chief financial officer and company secretary is exiting the business.
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NewsTHG to demerge Ingenuity arm to simplify business model as it sets sight on FTSE
THG is set to demerge its Ingenuity arm as it simplifies its business model as a consumer beauty and nutrition group and targets inclusion in the FTSE UK Index by March 2025.
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NewsUniqlo parent Fast Retailing's sales have exceeded £15bn for the first time
Fast Retailing, the owner of fashion retailer Uniqlo, has reported soaring sales and profits for the full year as sales exceeded ¥3trn (£15.5bn) for the first time.
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NewsRiver Island has swung to a loss amid a ‘challenging’ environment and tough competition
Fashion retailer River Island has swung to a loss amid declining sales and competition within the fashion market continuing to ramp up.
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NewsIkea’s sales have taken a hit following its move to lower prices
Ikea’s move to draw shoppers in with lower prices has taken a toll on its revenues.
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NewsN Brown has announced a profit improvement as it focuses on sales
Home shopping group N Brown has reported a small profit in its first half on the back of strategic progress.