Latest finance news – Page 123
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NewsSainsbury’s investors back call for grocer to pay ‘real living wage’
Sainsbury’s will hold a shareholder vote at its upcoming AGM on pay for all its entry-level staff amid growing support from investors for the grocer to pay the ‘real living wage’ across the UK.
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NewsWickes’ profits surge in ‘year of excellent growth’
Home improvement retailer Wickes has reported rocketing full-year sales and profits and said it is well positioned for further growth.
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NewsAsda launches new budget range and extends loyalty programme to more stores
Asda has launched a new Just Essentials budget range and extended its loyalty programme to more stores as it seeks to support customers through the cost of living crisis.
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NewsMorrisons takeover could face deeper CMA probe over fuel price fears
Clayton, Dubilier & Rice’s takeover of grocery giant Morrisons has hit a snag after the Competition and Markets Authority (CMA) raised concerns over the impact the move would have on fuel prices.
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NewsMcColl’s boss Miller exits as rescue talks progress
McColl’s boss Jonathan Miller has stepped down after more than three decades with the business as it scrambles to secure fresh investment.
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NewsNext delivers surge in profits but global ‘uncertainty’ drives down forecasts
Next has posted a surge in profits but downgraded forecasts for its new financial year amid a slowdown in its international business.
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NewsNike sales surge as pre-pandemic shopping habits return
Nike recorded a strong uplift in its third-quarter sales across the US and Europe, aided by a “steady normalisation of traffic” to its own-brand stores.
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NewsInflation hits 30-year high ahead of Sunak’s spring statement
Inflation shot up again in February as fuel, energy and food costs all surged ahead of chancellor Rishi Sunak’s spring spending statement later today.
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NewsScS blames international supply chain issues as it slips to loss
ScS has slipped into the red, blaming international supply chain issues for its subdued revenues and profits.
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NewsKingfisher delivers record year as profits and sales soar
Kingfisher has said it is “ahead of schedule” with its new strategy after reporting record profits and sales last year.
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NewsThe Hut Group names former ITV boss as new chair
The Hut Group has named former ITV founding chief executive Charles Allen as its non-executive chair.
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NewsBritish Land and Landsec seek £800m shopping centre swap
UK landlords British Land and Landsec are looking into an £800m asset swap in a bid to revive their respective share prices.
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NewsBoots bidders assemble for £7bn takeover
Bidders for high street chemist Boots are set to meet with bosses this week as the takeover race intensifies.
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NewsPrivate equity firm Sycamore eyes Ted Baker takeover
US-based private equity firm Sycamore Partners has confirmed it is in the “early stages of considering” a bid for embattled fashion retailer Ted Baker.
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NewsTM Lewin tumbles into administration as homeworking takes toll
Menswear retailer TM Lewin has tumbled into administration for a second time since the pandemic began, blaming working from home for lack of demand.
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NewsDeliveroo losses widen despite soaring revenues
Deliveroo reported that losses had widened in its full-year results, with the delivery app vowing to break even in around two years’ time.
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NewsFashion giant Inditex warns of price rises as inflation hits
Zara owner Inditex has introduced price rises across its different brands in line with cost inflation.
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NewsZara owner Inditex posts sales and profits surge
Inditex, owner of businesses including Zara, has reported rocketing annual sales and profits.
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NewsVirgin Wines counts cost of new customer acquisitions as profits fall
Virgin Wines has reported a slight decline in both profits and sales as it invests in new customers and its subscription business.
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NewsDFS sales and profits drop against lockdown boom
DFS has reported a decline in sales and profits compared with strong comparables during the lockdown period last year.