Latest finance news – Page 44
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NewsDunelm has grown sales again as shoppers seek cheap home improvements
Dunelm saw sales climb yet again during the first quarter of its financial year as shoppers sought out budget-friendly ways to brighten up their homes.
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NewsVinted has secured secondary investment at a valuation of over £4bn
Lithuanian secondhand marketplace Vinted has secured a secondary investment of €340m (£283m) at a valuation of €5bn (£4.17bn).
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NewsWhistles owner is planning a deal to acquire White Stuff
The owner of Whistles and Phase Eight is in advanced talks to buy high street fashion retailer White Stuff.
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NewsVery Group records ‘resilient’ performance as profit grows but revenue dips
The Very Group has reported a “resilient” performance for the full year as revenue saw a slight dip and operating profit grew.
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NewsM&S boss Stuart Machin: Raising taxes at budget ‘easy way out’ for government
Marks & Spencer boss Stuart Machin has urged chancellor Rachel Reeves to not take “the easy way out”, after reports that the government is considering raising the national insurance paid by employers in the upcoming budget.
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NewsFrasers pulls plug on Mulberry takeover bid over governance concerns
Frasers has announced that it does not intend to make a revised offer for taking over Mulberry, citing increasing governance issues and the “apparent lack of a commercial plan against a backdrop of increasing market headwinds”.
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NewsL’Oréal sales increase driven by growth in all divisions
L’Oréal posted sales growth in the nine months to September 2024, which was “well-balanced between value and volume” driven sales despite multiple turbulences in the third quarter.
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NewsVirgin Wines boss credits ‘really encouraging’ performance of value brand for return to profitability
Virgin Wines boss Jay Wright has credited the “really encouraging” performance of Warehouse Wines for the retailer’s return to profitability.
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NewsWickes sales rise driven by volume and market share growth
Wickes has reported a rise in sales as it “successfully” grew volumes and market share in the 13 weeks to September 2024.
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NewsHalfords posts flat sales as consumer outlook remains uncertain
Cycling and motoring specialist Halfords has reported flat sales for the 26 weeks ending September 2024 as “consumers remain cautious in their discretionary spending”.
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News‘Serial returners’ are expected to generate £6.6bn of online returns this year
Customers who are deemed “serial returners” are expected to account for £6.6bn of online returns in the UK this year, according to new research by Retail Economics and ZigZag.
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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.