Latest finance news – Page 185
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NewsConsumer confidence jitters ease after ‘Boris bounce’
Consumer confidence is heading towards positive territory following four years of negative scores.
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NewsAmazon sales soar as ‘more people than ever’ joined Prime
Amazon sales have beat expectations as the online giant posted its full-year results.
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NewsH&M profits rise as new chief executive appointed
Fashion giant H&M has reported a rise in full-year profits and veteran chair Stefan Persson is to stand down after two decades in the role.
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NewsComet administrators face record £1m fine
The administrators of collapsed electricals retailer Comet are expected to be fined a record £1m over aspects of their involvement.
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NewsMike Ashley’s Frasers Group cleared over Belgian tax question
Frasers Group, the renamed Sports Direct business controlled by Mike Ashley, has correctly paid tax in Belgium that had been questioned by the authorities there.
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NewsManoMano targets ‘ambitious growth’ following fundraising round
Home and DIY retailer ManoMano has completed another round of fundraising in a bid to become the “European market leader in DIY, home improvement and gardening”.
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NewsWickes hails ‘strong sales performance’ as demerger remains on track
Wickes has posted rising sales for its fourth quarter in 2019 as the DIY group’s demerger from Travis Perkins remains “on track”.
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NewsScS Christmas sales rise as CEO unveils plans to retire
ScS has posted an uplift in like-for-like sales over the festive trading period as boss David Knight says he will retire next year after 32 years with the business.
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NewsEx-WHSmith boss Clarke takes new senior role at vet chain
The former chief executive of WHSmith has re-emerged in a senior leadership role with an international chain of vets, less than three months after leaving the retailer for a sabbatical.
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NewsSeasalt buoyed by ‘positive festive sales’ across online and in store
Cornish fashion brand Seasalt has said it enjoyed a “positive” trading period over Christmas and New Year, registering strong growth in both online and in-store sales.
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NewsBRC slams latest government proposals on business rates relief
The BRC has criticised the government for not doing enough to support the UK high street, after it proposed increasing retail business rates relief but not the threshold at which it would be available.
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NewsJohn Lewis axes weekly sales figures as revenue slips
The John Lewis Partnership has reported a decline in sales in its final weekly sales figure as the department store retailer axes the weekly updates.
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NewsIntu sells Spanish shopping centre as it battles to balance books
Intu has completed the latest in a string of asset disposals, selling another Spanish shopping centre as it looks to turn around flagging fortunes and fix its balance sheet in the UK.
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NewsSainsbury’s commits £1bn to meet net zero pledge
Sainsbury’s has committed to spending £1bn to meet its pledge to become a net zero business across its own operations by 2040.
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NewsAmazon and Deliveroo lash out at ‘speculative’ CMA investigation
An investigation into the proposed tie-up between Amazon and food delivery app Deliveroo is “speculative and not supported by evidence”, the businesses have warned the CMA.
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NewsAlmost 10,000 retail jobs lost already this year
Nearly 10,000 retail jobs were lost in the first three weeks of 2020, according to industry analysts.
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NewsReiss’ festive sales spike as owner Warburg seeks buyer
Reiss has posted a jump in Christmas sales as its private equity owner Warburg Pincus seeks a buyer for the chain.
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NewsLong-serving McColl’s director set to step down
The chief operating officer of grocer McColl’s is set to retire, having worked for the convenience store group for over two decades.
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NewsHMV owner expands store estate with US acquisition
HMV and Sunrise Records owner Doug Putman has acquired US retailer For Your Entertainment.
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NewsMothercare chief executive steps down in wider board reshuffle
Mothercare’s chief executive has stepped down from his role among a raft of other senior changes as the embattled retailer continues its international franchise push.