Latest finance news – Page 9
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NewsDFS sees order uplift in upbeat start to new financial year
DFS has recorded a “positive start” and a boost to orders across the beginning of its new financial year.
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NewsKim Kardashian eyes stores as Skims reaches £2.93bn valuation
The brand founded by reality star Kim Kardashian has reached a $5bn valuation.
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NewsAsos cuts interest rates in new refinancing deal
Asos has secured new refinancing worth nearly £238m in a deal that will slash its interest rates by £5m each year.
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NewsThe Works ‘pleased with progress’ despite broadly flat sales
The Works said it was “pleased with the progress” of its new strategy, despite reporting broadly flat sales growth in the first half.
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NewsMarks Electrical CEO sees green shoots despite falling profits and revenues
Marks Electrical profits and revenues have fallen after the retailer focused on “repositioning its inventory” in the first half, but its chief executive sees signs of recovery after returning to profitability in October.
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NewsB&M profits slump as CEO shuffles leadership team
B&M profits plunged in the first half of the financial year, as the retailer’s new chief executive made sweeping changes to his leadership team.
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NewsMonsoon Accessorize appoints chief digital officer
Fashion retailer Monsoon Accessorize has recruited a new chief digital officer.
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NewsKenji secures new funding as it eyes international and store expansion plans
Retailer Kenji has struck a new funding deal with HSBC to support its acquisition of a new warehouse and to push forward with plans to open multiple new high street stores.
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NewsMarks & Spencer appoints BA boss to board
The chief executive of British Airways has been named a non-executive director of Marks & Spencer.
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NewsSuperdry enters ‘new chapter’ with brand refresh
Superdry has marked the start of a “bold new chapter” as it unveils a new brand identity following its return to profitability earlier this year.
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NewsMountain Warehouse founder takes back control
Mountain Warehouse founder and chief executive Mark Neale has taken back control of the outdoor clothing and equipment specialist.
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NewsThe Very Group confirms takeover by investment firm
The US private equity giant Carlyle is buying The Very Group, once known as Shop Direct, from previous owners the Barclay family
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NewsFood prices set to remain elevated despite likely inflation easing – BoE
The British central bank said that CPI inflation “is judged to have peaked” as it narrowly voted to keep interest rates at 4%.
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NewsFootfall falls for the sixth consecutive month as consumer confidence 'remains weak'
Retail footfall has fallen for its sixth month in a row, as consumer confidence “remains low” ahead of a Budget which could see tax rises, according to the British Retail Consortium (BRC).
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NewsWatches of Switzerland hails ‘standout’ US performance
Watches of Switzerland has posted a strong first half driven by a “standout” performance in the United States and said demand for luxury watches continued to exceed supply.
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NewsSainsbury’s ups profit guidance to over £1bn
Sainsbury’s expects its underlying operating profit for the year will be more than £1bn, following strong summer sales and cost savings.
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NewsBRC says government goals are ‘at odds’ with Keep Britain Working review
British Retail Consortium chief executive Helen Dickinson has said retail is built on “flexible, local jobs” and the government’s goals and policies are “at odds with one another”, in response to the publication of the Keep Britain Working review.
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NewsNo more M&S clothing-only boutiques likely following pilot
Marks & Spencer does not expect to open any more clothing-only branches following a trial branch, Retail Week can reveal.
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NewsMarks & Spencer ‘regaining momentum’ after cyber attack hits profit
Marks & Spencer is “getting back on track” after a devastating cyber attack sent first-half profits down, but its clothing division is recovering more slowly than its food business.
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NewsThe Perfume Shop enjoys strong sales from new boutique concept
The Perfume Shop said its new Boutique concept stores have “exceeded expectations” following strong sales of niche scents.