Latest finance news – Page 192
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NewsQuiz swings to loss as brand blames ‘challenging market conditions’
Quiz has swung to a loss before tax and seen its underlying EBITDA more than halve in what the fast-fashion group called a “continued challenging market”.
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NewsJohn Lewis sales spike driven by Black Friday bargains
John Lewis’ weekly sales soared in after a “record” performance for the retailer as price matching and strong demand for fashion and home technology bolstered performance.
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NewsBoohoo hails record-breaking Black Friday weekend
Boohoo has registered a “strong” Black Friday performance across the promotional weekend with key brands bolstering sales.
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NewsDr Martens owner sets sights on £1bn sale
Dr Martens’ owner – private equity firm Permira – is looking to sell the shoe brand for £1bn.
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NewsDobbies mulls float as sales and profits blossom
Dobbies has posted an uplift in profits and sales during its full-year results and is considering a stock market float.
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NewsHolland & Barrett owner urged to provide cash injection
The owner of health food specialist Holland & Barrett has been urged by lenders to provide additional cash as tough high street conditions bite.
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NewsTed Baker discovers £25m stock overstatement
Ted Baker has revealed that the value of stock held on its balance sheet has been overstated by between £20m and £25m.
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NewsOcado launches £500m bond issue to fund tech commitments
Ocado has unveiled a £500m convertible bond issue following a string of deals with international retailers.
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NewsSports Direct boss Ashley settles US legal row
Sports Direct founder Mike Ashley has resolved a legal dispute in the USA a day after a court there demanded he gave evidence.
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NewsConsumer confidence flatlines in November
Consumer confidence flatlined in negative growth in November, marking four years since it had been into positive territory, according to the GfK Consumer Confidence Index.
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NewsFortnum & Mason profits soar after strong multichannel performance
Fortnum & Mason has reported soaring profits and sales for the year off the back of what it described as strong multichannel performance.
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NewsTrouva secures £17m investment to fuel overseas expansion
Trouva has raised £17m in its latest funding round to expand its international store network and has launched a dedicated German website.
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NewsPeacocks set to buy Bonmarché out of administration
Peacocks is poised to buy Bonmarché out of administration after being identified as the peferred bidder for the embattled business.
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NewsTOFS sales fall but boss heralds CVA for improved profitability
The Original Factory Shop (TOFS) has recorded declines in full-year sales and profits but boss Emma Fox credits the retailer’s CVA for improving profitability.
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NewsIceland and New Look investor Brait eyes assets sale
Brait, a leading shareholder in retailers Iceland and New Look, aims to realise its investments within five years.
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NewsSosandar sales soar in first-half as investment pays off
Sosandar, the online womenswear specialist, has posted a rise in first-half sales and said investment was powering progress at the business.
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NewsIkea profits fall despite sales rise
Ikea’s full-year profits fell despite its online sales soaring 50%.
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NewsScS weathers political uncertainty despite sales fall
Sofas specialist ScS has reported a fall in sales as political volatility continued to hit trading.
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NewsShop prices fall in run-up to Christmas trading
Shop prices fell in November for the sixth consecutive month, as the BRC hopes for a positive impact on Christmas trading.
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NewsPets at Home to roll out 30 new format stores next year
The boss of Pets at Home has said the retailer plans to roll out 30 of its new format stores next year, as he looks to continue to grow the business through targeted use of customer data.