Latest finance news – Page 7
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NewsWatches of Switzerland ‘well placed’ for Christmas as profits rise
Watches of Switzerland said it is “well placed” for the golden quarter after delivering a strong first half and a “robust” performance in the United States.
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NewsFrasers Group profits rise as international expansion drives growth
Frasers Group boss Michael Murray said the retail giant made a “solid start” to the year as its rapidly expanding international business helped to offset a weaker performance across its core brands.
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NewsQatar sovereign wealth fund dumps stake in Sainsbury’s
Qatar’s sovereign wealth fund is set to dump a significant chunk of its stake in grocery giant Sainsbury’s, ending its nearly two decades-long run as the businesses’ largest shareholder.
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NewsZara owner Inditex enjoys strong winter sales
Zara owner Inditex has beaten analyst expectations after it enjoyed a strong start to its fourth quarter.
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NewsJust Eat chief executive to depart following takeover
The chief executive and founder of Just Eat is stepping down from his role at the rapid delivery platform following a £3.6bn takeover by Prosus.
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NewsTopps Tiles incoming CEO hails ‘encouraging results’ as it swings back into the black
The incoming new chief executive of Topps Tiles has hailed the retailer’s “encouraging results” as it swung back to profitability for the full financial year.
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NewsBlack Friday started early as inflation eased across retail categories
Retailers went earlier on promotional activity than in previous years in a bid to lure shoppers into spending.
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NewsTopps Tiles hires new chief financial officer
Topps Tiles has announced Caroline Browne will join the business as its new CFO.
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NewsModella eyes up Wynsors footwear chain for growing stable of retailers
Modella Capital is in discussions to buy up privately-owned retail chain Wynsors World of Shoes.
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NewsAsda vows to ‘double down’ on strategy as like-for-likes slide
Asda has vowed to double down on its ‘Formula for Growth’ strategy, even as its total revenues and like-for-like sales dropped in the third quarter.
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NewsUK public’s economic gloom continues post-Budget
Over half of Britons think the financial situation of their household will get worse over the next 12 months, according to a new YouGov poll, with 48% saying that the Budget was “unfair”
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NewsRevolution Beauty blames profit warning on previous management
Revolution Beauty has blamed its latest profit warning on previous management and said it has been “encouraged” by the progress made since its founders returned to the business.
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NewsHalfords delivers profits and sales growth as cycling business leads the way
Halfords has announced growth in both profits and sales, driven in particular by a strong performance from its cycling business.
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NewsDebenhams proposes new executive pay policy as balance sheet strengthens
Debenhams Group has proposed a new ‘Group Turnaround Scheme’ remuneration policy for senior executives, as losses at the fashion retailer improved.
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NewsGovernment confirms business rates surtax on larger commercial properties
The chancellor has confirmed the government will push ahead with introducing a surcharge on retail property rates above £500,000.
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NewsPets at Home unveils turnaround plan as retail sales continue to fall
Pets at Home boss Ian Burke has unveiled a turnaround plan for its flagging retail business that aims to cut prices and improve its product offering.
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NewsNext offloads land for £54m
Next has offloaded land that it acquired in 2021 to consolidate part of its distribution network for £54.1m.
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NewsSosandar reports return to growth despite M&S cyber disruption
Sosandar has posted a return to revenue growth despite five months of ‘no material revenue’ from M&S.
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NewsAO’s membership programme boosts sales and profits
AO has said the contiued uptake and development of its membership proposotion has driven futher growth.
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NewsTGJones owner explores potential sale of head office and distribution centre
TGJones’ owner Modella Capital is exploring the possibility of selling the freehold on its Swindon head office and distribution centre in the future, Retail Week can reveal.