Latest finance news – Page 133
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NewsTHG shares tumble as investor crisis meeting backfires
THG’s share price plunged by a third in the hours following its Capital Markets Day yesterday, as the attempt to calm investors’ concerns about the business appeared to fall on deaf ears.
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NewsGymshark eyes potential IPO as valuation soars
Gymshark founder Ben Francis and the brand’s private equity backers have started talks with banks and investors in advance of a potential IPO.
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NewsFrench Connection losses narrow following £29m takeover
French Connection has narrowed its half-year losses after slashing its overheads and ramping up sales in its wholesale division.
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NewsBeighton steps down as Asos eyes new international and own-brand targets
Asos has announced a host of board changes, including the end of Nick Beighton’s 12-year tenure as chief executive, as it enters the next stage of growth.
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NewsN Brown profits rise as core brands clock up growth
N Brown has posted a jump in profits during its first half as increased investments in its key clothing brands bore fruit.
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NewsSosandar sales surge as it hails new-season success
Sosandar has recorded soaring sales as it steps up its third-party collaborations and introduces its autumn/winter collection early.
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NewsOcado invests £10m in Wayve to drive autonomous delivery innovation
Ocado has unveiled a partnership and £10m investment into autonomous mobility start-up Wayve, which will focus on bringing automation to the last mile for the etailer and its international grocery partners.
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NewsTesco raises guidance following 'strong' sales and profit surge
Tesco has raised its full-year profit expectations as boss Ken Murphy said the grocer is “outperforming the market” amid a sales uplift and profit spike.
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NewsScS back in the black after ‘strong recovery’ from the pandemic
Furniture and flooring specialist ScS has hailed a “strong year of recovery” after returning to profitability and reporting soaring sales.
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NewsHotel Chocolat reports soaring sales as online strategy pays off
Hotel Chocolat has reported profit before tax ahead of market expectations and rising sales as its online capital investment strategy helped insulate it from rolling store closures.
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NewsGreggs upgrades profit expectations as sales jump
Food-to-go specialist Greggs has upgraded its full-year outcome as both in-store and online sales jumped in the third quarter despite ongoing supply chain issues.
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NewsLeahy returns to grocery as Morrisons board gives green light to CD&R deal
Morrisons’ board has recommended acceptance of private equity group CD&R’s takeover offer, marking a likely return to grocery for former Tesco chief executive Sir Terry Leahy.
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NewsExclusive: Dreams’ profits increase as online sales surge
Beds specialist Dreams reported a surge in underlying profits during the pandemic as online sales picked up the slack from closed stores.
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NewsAO warns supply chain ‘disruption’ will trigger profit decline
AO.com has said that “challenging market dynamics” across the UK and Germany have constrained its sales growth, and that it anticipates a decline in full-year profits as a result.
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NewsH&M profits inch up as pandemic store closures drag on performance
Swedish fashion giant H&M has reported growth in both revenues and profits – but it flagged that international coronavirus restrictions continued to slow its growth.
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NewsBoohoo revenues rise but profits fall as market share in UK and US doubles
Fast-fashion giant Boohoo has seen its profits and sales soar compared to pre-pandemic levels, as its market share in both the UK and the US doubled.
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NewsMorrisons bidders to battle for the retailer in auction this Saturday
The ownership of Morrisons will be decided this Saturday when an auction between rival bidders will be held.
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NewsQuiz losses deepen as sales plummet due to pandemic store closures
Fashion retailer Quiz has reported deepening losses as rolling store closures due to pandemic restrictions hammered its revenues.
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NewsNext upgrades outlook as profits and sales soar beyond pre-pandemic levels
Next has reported significant increases in both full-price sales and profit before tax compared with 2019 levels and has upgraded its full-year profit guidance.
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NewsCard Factory cuts losses as it targets omnichannel growth
Card Factory has reported a reduced first-half loss and said a transformation to an omnichannel model is under way.