Latest finance news – Page 152
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NewsPets at Home ups profit guidance as Christmas sales soar
Pets at Home has raised its full-year profit guidance after hailing further “momentum” during the golden quarter.
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NewsMarks & Spencer golden quarter sales slide as Covid restrictions bite
Marks & Spencer has suffered a slump in sales during the golden quarter as trading restrictions sparked by the coronavirus crisis hindered its performance.
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NewsDebenhams closes Irish online business as retailers face new Brexit tariffs
Department store chain Debenhams has been forced to close its digital Irish business to avoid tariffs now required under the Brexit deal.
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NewsBoots first-quarter profits slide despite online sales surge
Boots has reported a further decline in its quarterly profits and sales, despite its online sales more than doubling year on year.
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NewsTapi Carpets set to register first-ever profit
Tapi Carpets has recorded strong sales growth in its second half, leading to the retailer’s first-ever profit for 2020.
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NewsJoules Christmas sales bolstered by online
Fashion and lifestyle brand Joules was propped up this Christmas by its online business.
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NewsB&M awards staff bonuses after strong golden quarter
B&M Bargains has registered a strong uplift in revenues during the festive period as more consumers sought value for Christmas.
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NewsSainsbury’s Christmas sales rise as online orders double
Sainsbury’s has recorded an increase in like-for-like Christmas sales with more customers than ever placing online orders for the festive season.
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NewsBoots owner sells wholesale healthcare business for £4.8bn
Walgreens Boots Alliance has agreed a $6.5bn (£4.8bn) deal to sell its Alliance Healthcare wholesale business in order to focus on its retail operations.
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NewsTopps Tiles flags margin pressure as new lockdown begins
Topps Tiles achieved strong sales growth in its first quarter but expects sales to be hit by the latest coronavirus lockdown.
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NewsGreggs cautions that profits will not recover until 2022 ‘at earliest’
Food-on-the-go specialist Greggs has warned that profits will not return to pre-pandemic levels until 2022 “at the earliest”.
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NewsDecember shop prices drop as retailers chase Christmas spend
Shop prices in December fell as retailers attempted to rake in last-minute Christmas spend.
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NewsNext gloomier on store sales as pandemic changes shopper behaviour
Next has changed its outlook on the prospects for bricks-and-mortar stores as more shoppers switch their spend online amid the coronavirus pandemic.
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NewsPaperchase poised to appoint administrators
Stationery chain Paperchase is on the brink of administration after the impact of the coronavirus pandemic hammered sales.
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NewsMorrisons Christmas sales rise boosted by traditional festive fare
Morrisons delivered a strong uplift in like-for-like sales over Christmas as shoppers responded to a challenging festive period by buying classic food and drink products.
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NewsNext edges up profit guidance after stronger than expected Christmas sales
Next has upped its full-year profit guidance again after delivering “much better” sales over the Christmas period than expected in previous guidance
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NewsRecord Christmas supermarket sales as lockdown curbs spending elsewhere
UK supermarkets saw record-breaking sales in December, fuelled by coronavirus restrictions that forced non-essential retailers to close stores in the run-up to Christmas.
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NewsFrasers Group snaps up fashion retailer Psyche
Frasers Group has acquired fashion retailer Psyche’s stores and online business for an undisclosed sum.
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NewsAldi hails strong Christmas trading with surges in-store and online
Discount supermarket chain Aldi has reported strong Christmas trading, driven by growth both in-store and online with its wine and special-buys offer.
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NewsPost-Christmas footfall drops as shoppers stay home
Retail footfall during the period after Christmas declined across all destinations as tighter coronavirus restrictions came in across the UK.