Latest finance news – Page 18
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MusicMagpie in sale talks with The Body Shop buyer
Music Magpie is in “early-stage discussions” with potential buyers as it seeks a private sale.
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Walgreens to pay £1bn to offload Boots pension scheme
Walgreens is considering a hefty payout to offload the Boots pension scheme and reinvigorate shelved plans to sell the retailer.
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Burberry warns on profits as global demand for luxury slows
Burberry has warned that the global slowdown on demand for luxury is having an impact on current trading and will affect its profit guidance for the full year if it continues.
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Hotel Chocolat accepts £534m Mars bid
Hotel Chocolat has accepted a £534m acquisition bid from Mars, with the board now recommending the cash offer to its shareholders.
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Retailers call on chancellor to ease business rates in autumn statement
A coalition of retailers, hospitality and leisure businesses have written to Chancellor Jeremy Hunt, urging him to freeze the business rates multiplier and extend existing rate reliefs.
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Thai retail group takes control of Selfridges
Thai retailer Central Group has taken control of Selfridges following problems at partner Signa, with which it bought the famous department store in a $5bn deal.
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Steep fall in inflation helped by food price changes
Inflation fell to 4.6% in October, official data has shown.
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Asda cuts debt as focus on low prices pays off
Asda has reported a rise in quarterly sales and reduced its debt burden.
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Exclusive: BRC warns ‘no town or city centre safe’ from business rates rise
The British Retail Consortium has warned that “no town or city centre in England is safe” as retail giants brace for an increase in business rates as part of the autumn statement next week.
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Private equity group Aurelius snaps up Body Shop
Specialist beauty retailer The Body Shop has been sold to private equity group Aurelius.
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Dr Martens appoints new chief financial offer
Dr Martens has announced that Giles Wilson will join the footwear retailer as its new chief financial officer, hot on the heels of Jon Mortimore.
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Hammerson in talks to sell stake in Value Retail
UK shopping centre owner Hammerson is reportedly in talks to sell its 40% stake in Value Retail.
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Revolution Beauty upgrades full year guidance
Revolution Beauty has upgraded its guidance for the full year as it posted a rise in profit and revenue in the six months to August 31.
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Dune sale process slows despite ‘multiple offers’
Footwear and accessories retailer Dune’s sale process has reportedly been delayed, despite offers from fashion giants Next and Aurelius among others.
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Poundland yet to reach deal with 15 Wilko store landlords
Poundland has not yet reached an agreement with the landlords of more than 15 former Wilko sites, which it had intended to reopen under its own brand.
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The Range warns on outlook as sales slip
The Range has reported a decrease in sales and warned of a “severe but plausible downside” that could impact future sales.
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Under Armour lowers sales guidance after flat quarter
Sportswear retailer Under Armour has slashed its full-year sales outlook as a result of “challenges” in North America and flat revenues during its second quarter.
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The Works drops profit guidance by £4m
The Works has dropped its profit guidance by £4m as it anticipates taking a hit on prices to remain competitive in the eyes of bargain-hunting shoppers.
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B&M raises profit outlook
B&M has upped its profit guidance for FY24, but said forecasting has been difficult against a volatile backdrop.
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WHSmith sales and profits soar
WHSmith has reported soaring sales and profits off the back of strengthening footfall in its travel division.