Latest finance news – Page 100
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NewsAsda leverages credit to offer financial support to suppliers
Asda has launched a programme leveraging its credit to provide working capital to suppliers in the face of the cost-of-living crisis.
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NewsH&M profits plummet due to departure from Russia and rising costs
H&M has blamed its plummeting profits on “negative external factors” including one-time costs as a result of winding down trading in Russia, Belarus and Ukraine, as well as its cost and efficiency programme.
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NewsCostcutter owner Bestway Group takes £200m stake in Sainsbury’s
Bestway Group, which owns c-store chain Costcutter, has taken a £200m stake in Sainsbury’s.
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NewsLVMH reports record year despite economic and geopolitical environment
LVMH achieved a record year in 2022 and remains confident for growth in 2023 despite economic and geopolitical challenges.
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NewsLevi’s sales rise as direct-to-consumer gains momentum
Levi’s has reported a revenue boost for 2022 as its direct-to-consumer sales rise and demand for denim holds up.
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NewsSuperdry suffers deeper losses as wholesale takes a hit
Superdry has reported a fall in first-half profits and even though Christmas performance strengthened, has cut full-year expectations to breakeven.
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NewsBensons for Beds posts sales boost as Eve Sleep beds in
Bensons for Beds has reported a sales boost for the last quarter of 2022, driven by strong growth online.
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NewsDunkerton: Free trade deal with EU key to breaking inflationary cycle
The boss of Superdry has said he believes that striking a free trade deal with the European Union is key to breaking the UK out of its current inflationary cycle.
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NewsMorrisons profits come in at top end of guidance despite slump
Morrisons has reported a slump in full-year profits and sales but said adjusted EBITDA will come in at the top end of guidance in the third quarter.
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NewsCrew Clothing ends year of growth with ‘strong Christmas trading’
Crew Clothing has ended a year of consistent growth with a strong Christmas performance driven by customers returning to stores over the festive season.
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NewsTHG appoints new finance boss as Gallemore switches roles
Online retailer THG has named a new chief financial officer as the previous postholder John Gallemore changes responsibilities.
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NewsPrimark sales rocket over ‘very strong’ Christmas
Value fashion giant Primark traded better than expected over Christmas, including a “step up” in the UK.
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NewsTesco chair says food firms driving up prices unnecessarily
Some food firms may be driving up prices further than necessary by using inflation as an excuse, Tesco’s chair has told the BBC.
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NewsAsda owners weigh up £12bn merger with EG Group petrol stations
Billionaire brothers Mohsin and Zuber Issa are exploring a merger of Asda and their petrol forecourt empire.
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NewsDecember retail sales rise but volumes fall as cost of living hits consumers
Retail sales rose by value in December 2022 but volume was down, official data has shown.
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NewsConsumer confidence shows no improvement as it drops to near-historic lows
UK consumer confidence dropped again in January and showed little signs of improvement as it reached near-historic lows.
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NewsSuperdrug reports strong Christmas sales as customers return to high streets
Superdrug has posted strong Christmas sales driven by customers returning to bricks-and-mortar stores, strong demand for fragrance and cosmetics products, and the launch of a new marketplace.
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NewsDr Martens warns on profits after ‘challenging conditions’ in US
Dr Martens has blamed operational issues at its US distribution centre and “unseasonably warm weather” for its latest profit warning as direct-to-consumer growth slowed.
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NewsHotel Chocolat enjoys festive high street boost as it eyes fresh UK expansion
Hotel Chocolat hailed the bounce back of the high street over the Christmas period and unveiled plans to ramp up store expansion over the next three years.
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NewsDunelm upgrades profit outlook as sales skyrocket
Dunelm has upgraded its profit forecast after a strong performance over Christmas saw sales skyrocket.