Latest finance news – Page 117
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NewsOne-off lease disposal and surging sales behind jump in Mulberry profits
Mulberry has reported a jump in profits off the back of a one-off lease disposal and surging sales in the UK and Asia Pacific markets.
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NewsMoonpig sales and profits drop in first full year results since float
Moonpig has reported falling sales and profits in its first full-year results since it floated on the London Stock Exchange.
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NewsShop prices soar as inflation hits highest rate since 2008
Shop prices have soared across all the metrics with inflation hitting the highest point in 14 years, with consumers facing the biggest cut in income since the 1970s.
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NewsWalgreens pulls plug on Boots sale as suitors fail to secure financing
Walgreens Boots Alliance has canned the planned sale of its Boots business after suitors failed to meet its asking price.
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NewsHobbycraft expands store estate as profits rise
Hobbycraft will open three new stores this year after reporting an uplift in profits.
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NewsThree-quarters of consumers to cut Christmas spending due to cost-of-living crisis
More than three-quarters of customers are planning to reduce their spending on Christmas this year, with the cost-of-living crisis only set to deepen as the year goes on.
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NewsAsda, Asos and Amazon warn online sales tax could do more harm than good
Executives from major retailers met with financial secretary to the treasury Lucy Frazer last week to warn of the potential impact of an online sales tax.
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NewsCath Kidston seeks new owners two years after collapse
Cath Kidston has raised a for sale sign, two years after it fell into administration.
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NewsZalando warns on profits as customer demand wanes
Zalando has issued a profit warning after a worse-than-expected second quarter.
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NewsMatalan sales and profits rise despite Covid-related ‘obstacles’
Matalan has posted an increase in both sales and profits as the business recovered from the impacts of the pandemic.
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NewsNaked Wines back in the black as subscriptions rise
Naked Wines has reported strong growth as its bid to increase repeat customers and subscriptions pays off.
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NewsJD Sports’ profits double versus pre-pandemic record
JD Sports has more than doubled full-year profits compared to the record sum achieved before the Covid pandemic hit.
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NewsAsda chair Rose urges VAT cut to combat cost of living crunch
Asda chair Lord Stuart Rose believes the government should consider reducing VAT or further cutting fuel tax to help ’kill’ inflation, which is prompting shoppers to limit their spending.
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News‘The worst is yet to come’ on food prices warns ex-Sainsbury’s boss
Former Sainsbury’s chief executive Justin King has warned consumers “the worst is yet to come” on food prices amidst warnings that doubledigit inflation could last for more than a year.
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NewsBoots deal in the balance as banks stop lending
The long running auction for Boots is in danger of imploding as the ongoing cost-of-living crisis spooks prospective buyers and debt markets freeze up.
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NewsWest End retail property giants press button on merger
Property companies Shaftesbury and Capco are to merge, bringing the control of some of central London’s best-known shopping districts under single ownership.
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NewsTesco sees signs of changing shopper behaviour as inflation bites
Tesco has reported “early signs” that shopper behaviour is shifting as the soaring cost of living bites.
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NewsHalfords warns on profits in face of cost-of-living crisis
Halfords has downgraded its profit expectations for the full year despite a rise in sales and profits.
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NewsBoohoo sales decline as elevated returns plague fast fashion
Boohoo has recorded a decline in sales against strong comparables year on year.
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NewsH&M sales jump as post-pandemic recovery marches on
H&M has continued its post-pandemic recovery with sales across all markets jumping 12% in its second quarter.