Latest finance news – Page 153
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NewsRetail counts jobs cost of brutal year with more to come in 2021
More than 176,000 jobs in retail were lost in 2020 after harsh high street conditions saw over 15,000 stores close, with experts warning more of the same in 2021.
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NewseBay £7bn advertising deal faces CMA probe
Online marketplace eBay is facing an investigation by the UK markets watchdog over the proposed £7bn sale of its advertising arm to a Norwegian firm.
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NewsOnline fashion retailer Mytheresa reveals IPO plans
Fashion etailer Mytheresa has unveiled plans for a Wall Street IPO.
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NewsTesco chair: Brexit food price changes ‘very modest’
Tesco chair John Allan has said any impact on food prices due to Brexit will be “very modest indeed”, following the news of a deal between the UK and the EU last week.
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NewsThe Hut Group acquires US skincare retailer and UK nutrition suppliers
THG, formerly known as The Hut Group, has acquired US-based firm Dermstore.com, as well as investing in two of its longstanding nutrition product suppliers Claremont Ingredients and David Berryman.
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NewsBoxing Day footfall plummets as restrictions tighten
UK high streets were deserted on Boxing Day with shoppers choosing to remain at home as tier-four restrictions spread across more regions.
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NewsAnn Summers CVA approved by creditors
Ann Summers has announced that its company voluntary arrangement (CVA) has been approved by creditors following a vote today.
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NewsCard Factory drafts in Willson-Rymer as chief executive
Card Factory has appointed Darcy Willson-Rymer as chief executive, replacing Karen Hubbard who left in the summer.
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NewsDFS profits to come in at upper end of expectations despite disruption
Furniture group DFS expects profits be within the upper half of market forecasts despite Covid disruption and Brexit uncertainty.
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NewsArcadia brand Evans acquired by City Chic in £23m deal
Arcadia subsidiary Evans has been bought out of administration by Australian plus-size retail group City Chic Collective.
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NewsChancellor extends furlough scheme until end of April 2021
Chancellor Rishi Sunak has extended the furlough scheme for another month, meaning it will now end in April 2021.
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NewsBoxing Day Sales: Next, DFS and Selfridges going ahead despite PM’s warnings
Next, DFS and Selfridges are all gearing up for Boxing Day Sales in spite of Boris Johnson’s warnings to the public.
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NewsRetailers rein in promotional activity ahead of Christmas after Black Friday flurry
Retailer promotional activity this year hit a high around the Black Friday period before since dropping away in the run-up to Christmas.
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NewsConsumer confidence rises in time for Christmas
After reaching a six-month low in November, consumer confidence climbed this month as the UK entered the festive season.
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NewsWatches of Switzerland profits rise as online sales surge
Watches of Switzerland has clocked up an increase in half-year profits following a surge in online sales during the coronavirus pandemic.
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NewsAll non-essential retail to close in Wales after Christmas Eve
All non-essential retailers in Wales will be forced to close their stores after trading finishes on Christmas Eve, with the country going into a full ‘tier four’ lockdown three days later.
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NewsDixons boss Alex Baldock: ‘Business rates reform will save jobs’
Dixons Carphone boss Alex Baldock has remained staunch on his decision not to repay business rates for the time being and urged the government to review the issue.
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NewsNew Asda owners set to sell off £1.2bn distribution network
Asda’s new owners the Issa brothers have reportedly drafted in advisers to ready the sale of the supermarket’s logistics portfolio.
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NewsDixons Carphone interim sales surge sparks profit climb
Dixons Carphone has reported an uplift in profits at the half-year mark bolstered by strong sales growth which boss Alex Baldock attributes to “grit and skill” of staff.
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NewsH&M sales slide as second wave hinders recovery
H&M has reported a decline in sales in the fourth quarter as a second wave of the coronavirus pandemic impeded its recovery.