Latest finance news – Page 221
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NewsKKR mulls Asda swoop as Sainsbury’s merger stumbles
KKR is reportedly eyeing a bid for Asda under the direction of senior adviser and the grocer’s former boss Tony De Nunzio.
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NewsThe Body Shop full-year sales and profits climb
The Body Shop has posted an uplift in its full-year sales as parent company Natura’s transformation plans start to bear fruit.
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NewsPrimark, Hotel Chocolat and Travis Perkins update the market
Retail Week looks ahead to the next seven days, with Primark, Hotel Chocolat, Travis Perkins and the Brexit vote on the agenda.
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NewsSainsbury’s ‘blew money and credibility’ on Asda deal
One of Sainsbury’s leading shareholders has hit out at the business for “blowing money and credibility” on its proposed merger with Asda.
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NewsMPs call for online sales tax to save high street
A parliamentary inquiry has called for a new online sales tax to “level the playing field” and provide “meaningful relief” to high street retailers.
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NewsIntu to look to residential and hotels to drive footfall
Intu’s chief financial officer Matthew Roberts has said the property giant will be looking to intensifying its residential and hotel offerings to offset declining retail footfall.
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NewsIceland Christmas sales fall despite 'Rang-Tan' ad storm
Iceland suffered a fall in sales during the crucial festive trading period despite the impact of its Christmas advert.
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NewsIntu suffers drop in footfall but rental income rises
Intu suffered a drop in footfall to its shopping centres last year but hailed “robust” growth in rental income.
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NewsLaura Ashley warns on profits amid ‘market turbulence’
Laura Ashley has warned full-year profits will “fall short of market expectations” following “difficult” trading conditions in the first half of its financial year.
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NewsSainsbury's-Asda merger on knife edge after CMA findings
Sainsbury’s £13bn merger with rival Asda could be blocked by the competition watchdog after it found “extensive competition concerns” surrounding the deal.
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NewsAsda posts sales rise ahead of Sainsbury's merger findings
Asda has posted its seventh consecutive quarter of sales growth as parent company Walmart hailed the performance of own-label lines and its online business.
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NewsBRC calls for pause on minimum wage enforcement
The British Retail Consortium has called on HMRC to put a halt to its National Minimum Wage enforcement until a government consultation has been concluded.
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NewsJD Sports snaps up stake in rival Footasylum
JD Sports has snapped up a near-10% stake in athleisure rival Footasylum but insisted it does not intend to make a takeover bid for the business.
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NewsMcColl's profits hit by Palmer & Harvey collapse
Convenience retailer McColl’s has reported a fall in profits after a “challenging” year.
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NewsJanuary discounts drive up retail sales figures
Total retail sales increased in both value and volume in January making it the highest year-on-year growth since December 2016.
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NewsAgenda: Sainsbury's-Asda, McColl's and Environmental Audit Committee
Retail Week looks ahead to the next seven days, with McColl’s, the Sainsbury’s-Asda CMA verdict and the Environmental Audit Committee report on the agenda.
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NewsBRC: No-deal Brexit ‘sub-optimal’ after government defeat
The British Retail Consortium has reiterated that a no-deal Brexit would be catastrophic for retailers, after the government suffered another defeat in the House of Commons overnight.
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NewsMike Ashley holding company's profits crash
Profits have plummeted at retail tycoon Mike Ashley’s investment vehicle Mash Holdings, more than halving in the year to April 2017.
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NewsWest End retailers braced for April business rates hike
John Lewis, Primark, Debenhams and Selfridges will suffer some of the sharpest increases in business rates on their flagship West End stores, new research has found.
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NewsDunelm profits rise as it ramps up focus on core business
Dunelm has posted an increase in first-half profits as the drive to simplify its business model bore fruit.