Latest finance news – Page 229
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NewsChristmas discounts edge towards record levels
Record levels of discounting are expected in the run-up to Christmas, with retailers poised to slash prices by almost 50% by December 24.
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NewsH&M records fourth-quarter sales increase
H&M posted a rise in sales in its final financial quarter but did not provide guidance on its full-year profit expectations.
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NewsAsos warns on profits after tough November trading
Asos has issued a profit warning after torrid trading conditions in November.
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NewsDebenhams chair Cheshire tells Ashley: ‘Put up or shut up’
Debenhams chairman Sir Ian Cheshire has told Sports Direct tycoon Mike Ashley to make a formal offer for the department store group if he wants to take control.
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NewsThe Entertainer snaps up Spanish toy retailer Poly
Toy specialist The Entertainer has acquired Spanish counterpart Poly, which has 57 toy shops in its home country.
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NewsAshley pleads with Debenhams boss – accept our help or fail
Mike Ashley has written to the board of Debenhams, urging them to accept funds from Sports Direct or risk not surviving.
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NewsSports Direct reveals first-half profits boost
Sports Direct has reported a rise in first-half earnings but cautioned that there will be “significant challenges” in turning around House of Fraser.
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NewsOcado posts fourth-quarter sales rise as orders increase
Ocado has reported a 12% increase in sales during its fourth quarter.
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NewsBonmarché warns on profits as Brexit fears take toll
Fashion retailer Bonmarché has warned that it may plunge into loss this year in “unprecedented” trading conditions.
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NewsFarfetch acquires online marketplace Stadium Goods
Farfetch has struck a deal to acquire upscale sneaker and streetwear online marketplace Stadium Goods.
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NewsCath Kidston losses widen due to weak pound
Cath Kidston recorded increased full-year losses despite a rise in sales and “significant growth in ecommerce”.
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NewsSuperdry profits plunge prompts full-year warning
Superdry profits plunged 49% in its first half as the fashion retailer warns on full-year earnings and steps up its transformation plan.
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NewsDixons Carphone posts £440m loss as Baldock reveals strategy
Dixons Carphone boss Alex Baldock has set out his strategy to focus on online and credit as it dials up a £440m half-year pre-tax loss.
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NewsSainsbury's-Asda seeks judicial review of CMA merger probe
Sainsbury’s and Asda will today lodge an application with the Competition Appeal Tribunal for a judicial review of the Competition and Markets Authority’s investigation into their proposed merger.
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NewsMarks & Spencer appoints Sainsbury's saviour King to board
Former Sainsbury’s chief executive Justin King is to join the board of Marks & Spencer as a non-executive director in the new year.
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NewsPoundstretcher profits decline as sales dip
Poundstretcher’s full-year profits have fallen by a quarter as it looks to rejig its store estate to focus on larger retail park leases.