Latest finance news – Page 146
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NewsAsda chief executive Roger Burnley to step down following £6.8bn takeover
Asda boss Roger Burnley is set to step away from the grocer next year, following the recent £6.8bn takeover of the business by the Issa brothers.
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NewsConsumer confidence rises for third month as end of lockdown nears
Consumer confidence increased in March as the vaccine rollout continued and the end of lockdown grew nearer.
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NewsEve Sleep cuts losses as turnaround strategy bears fruit
Online retailer Eve Sleep has reduced annual losses and said its recovery programme is ahead of schedule.
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NewsOcado sales climb as customers add M&S lines to baskets
Online grocer Ocado has reported a surge in quarterly sales, helped by demand for food from joint venture partner Marks & Spencer.
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NewsJust Eat profits soar as order numbers rise in lockdown
Just Eat Takeaway.com has reported a “strong improvement” in profits as order and active customer numbers grew across multiple markets.
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NewsZalando targets bigger share of European market after stellar year
Zalando has upgraded its ambitions to take a larger share of the European fashion market as sales soared over the past year.
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NewsScS profits rise as pent-up demand boosts sales
ScS has registered upticks in profits and sales as pent-up demand during the coronavirus crisis drove “record” first-half performance.
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NewsGreggs tumbles into the red but hails ‘progressive recovery’ in sales
Greggs has swung to a full-year loss following a slump in sales during the coronavirus pandemic.
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NewsIn The Style makes stock market debut as Deliveroo prepares for float
In The Style has launched on the London Stock Exchange’s junior AIM market today as Deliveroo unveiled further details of its upcoming IPO.
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NewsJD Sports ramps up spending spree with swoop on Poland’s MIG
JD Sports has snapped up a controlling stake in Polish sports fashion business Marketing Investment Group (MIG) as it continues its aggressive acquisition spree.
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NewsJD.com profits soar as retail business booms during lockdowns
JD.com has posted a jump in full-year sales and profits as its retail division benefited from a spike in online shopping during the coronavirus crisis.
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NewsJohn Lewis swings into the red with permanent store closures imminent
John Lewis has reported a sharp decline in profits during the pandemic, meaning chair Sharon White “does not expect to reopen all John Lewis shops at the end of lockdown”.
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NewsMorrisons sales rise but profits battered by relief repayment
Morrisons has recorded an uptick in like-for-like sales during the year where the grocer’s “resilience has been severely tested”.
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NewsNext takes stake in Reiss in new strategic partnership
Next and Reiss have agreed on a long-term strategic partnership whereby Next will take a 25% equity stake in the fashion brand.
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NewsZara owner Inditex posts sales and profit fall in ‘challenging year’
Fashion giant Inditex’s executive chair Pablo Isla said the business has “emerged stronger” from the coronavirus pandemic despite suffering a slump in full-year profits.
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NewsDFS profits surge as pent-up lockdown demand boosts sales
DFS has posted a jump in half-year profits as pent-up demand from the first national lockdown drove a sales spike.
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NewsWHSmith hails ‘better than expected’ sales as high street stores recover
WHSmith has posted a “better than expected” performance during the first two months of 2021 as its high street stores mounted a sales recovery.
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NewsShoe Zone swings to full-year loss as Covid store closures bite
The UK’s largest value shoe retailer Shoe Zone has reported a loss for the year as the effects of the ongoing coronavirus pandemic begin to bite.
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NewsDeliveroo announces intention to float
Food delivery app Deliveroo has confirmed its intention to float on the London Stock Exchange after weeks of speculation.
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NewsMPs demand Boohoo bonuses linked with ethical and environmental pledges
The Environmental Audit Committee has written to Boohoo asking for its senior executives’ bonuses be linked to the progress made on its commitment to clean up its supply chain.