Latest finance news – Page 108
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NewsMade.com co-founder's rescue bid fails as Next and Frasers circle
Made.com co-founder Ning Li has failed in his attempt to purchase the stricken furniture specialist and the likes of Next and Frasers are now eyeing potential bids.
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NewsJoules on the brink after poor trading leaves working capital position 'below expectation'
Fashion brand Joules is exploring its options, including a possible CVA, as poor current trading has left the retailer’s working capital position “below expectation”.
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NewsJohn Lewis launches earliest ever Black Friday campaign
John Lewis has gone live with its Black Friday promotions today (November 4), the earliest launch of the event in the retailer’s history.
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NewsDFS order volumes strengthen after lean summer
DFS has indicated there may be some green shoots of recovery in the furniture sector after a tough summer, with order volumes strengthening heading into the golden quarter.
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NewsAllSaints profits and sales soar driven by growth across all channels
AllSaints has reported mounting profits and sales despite store closures at the beginning of the financial year.
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NewsSainsbury's profits fall following price investment and post-Covid shift in shopping habits
Sainsbury’s has reported a decline in first-half profits but said current trading is strong and it is making volume market share gains.
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NewsNext sales inch up boosted by colder weather
Next’s full price sales grew slightly in the third quarter.
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NewsMorrisons to close 132 McColl's stores putting 1,300 jobs at risk
Morrisons is to close more than 130 McColl’s stores, leaving 1,300 jobs hanging in the balance.
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NewsMade.com to call in administrators after failing to secure buyer
Troubled home and furniture specialist Made.com is to call in administrators and share trading has been suspended.
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NewsBensons for Beds paid just £600,000 to rescue Eve from collapse
Bensons for Beds acquired direct-to-consumer mattress retailer Eve Sleep’s brand and intellectual property for £600,000, according to the administrator’s report.
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NewsAsda completes purchase of 132 Co-op petrol forecourts
Asda has formally completed a deal to acquire 132 petrol forecourt sites from the Co-op, subject to regulatory approval.
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NewsHarrods swings back to black despite decline in Chinese tourists
Harrods has swung back into the black as the retailer’s top line closes in on pre-pandemic levels.
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NewsAmazon shares tumble as it warns golden-quarter profit could be wiped out
Amazon has warned that its profits could be all but wiped out during the crucial golden quarter in a bleak prediction that stunned Wall Street.
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NewsNew stores recovery threatened by £800m business rates rise
The rate of store vacancies improved in the third quarter across all retail locations, but physical retail’s recovery is in danger of being held back by an £800m increase in business rates costs.
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NewsMorrisons' acquisition of McColl's given green light by competition watchdog
Morrisons’ acquisition of c-store chain McColl’s has taken another step towards completion after the competitions watchdog decided not to escalate its investigation into the merger.
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NewsWhite Stuff swings to the black after 'quietly rebranding' business
White Stuff has returned to profit following a branding overhaul last year.
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NewsFrasers edges closer to MySale takeover as Made ends sale process
Frasers has received some acceptance of its mandatory offer for MySale.
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NewsRetailers to splurge record £446m on golden quarter advertising
Retailers are taking their marketing and advertising spending to record levels this golden quarter, as the deepening cost-of-living crisis forces customers to cut discretionary purchases.
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NewsZara owner Inditex agrees sale of Russian business
Inditex, which owns brands including Zara, Bershka and Pull & Bear, has agreed the sale of its Russian arm to Daher Group.
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NewsVirgin Wines expects sales and margin impact from tough trading conditions
Online specialist Virgin WInes anticipates flat sales and lower margins in its current financial year as tough trading conditions take a toll.