Latest finance news – Page 231
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NewsSainsbury's-Asda merger could increase prices, rivals warn
The proposed merger between Sainsbury’s and Asda could spark an increase in prices for consumers, two of its grocery rivals have warned.
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NewsPets at Home profits tumble amid vet business review
Pets at Home has suffered a slump in half-year profits amid plans to buy back around 55 veterinary practices from joint venture partners.
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NewsTopps Tiles profits slump amid store investments
Topps Tiles has suffered a sharp drop in full-year profits as it pressed ahead with investments in its store network and Parkside commercial division.
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NewsQuiz profits climb despite ‘challenging’ market
Quiz has posted an increase in sales and profitability despite what it called “challenging external market conditions”.
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NewsAgenda: Quiz, Pets at Home, Topps Tiles and Intu
Retail Week looks ahead to the next seven days with updates from Quiz, Pets at Home, Topps Tiles and Intu all on the agenda.
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NewsHomebase secures £95m loan to finance turnaround
Homebase has secured a war chest to help finance its turnaround plans.
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NewsMoody’s brands New Look debt 'unsustainable'
Moody’s has downgraded New Look’s credit rating, calling its debt levels “unsustainable” and its cash flow “insufficient”.
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NewsMajestic swings to red amid customer acquisition plan
Majestic Wine has swung to a half-year loss as the retailer ramps up investment in acquiring new customers.
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NewsMothercare losses swell in first half as UK sales tumble
Mothercare has suffered ballooning half-year losses as sales tumbled within its core UK business.
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NewsFarmers’ union warns on Asda-Sainsbury’s deal
A takeover of Asda by Sainsbury’s would hit farmers’ margins and could affect food quality and choice, according to the National Farmers’ Union.
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NewsKingfisher to quit Russia, Portugal and Spain in strategic refocus
DIY giant Kingfisher is to exit Russia, Portugal and Spain to concentrate on its main markets.
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NewsAO.com shrinks losses and smart home drives sales
AO.com has posted reduced interim losses despite the UK market for white goods “becoming tougher than expected” as newer categories drove sales growth.
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NewsBonmarché profits fall as store sales slide
Bonmarché has recorded a decline in its interim profits as boss Helen Connolly says “weaker consumer sentiment and footfall” hurt store sales.
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NewsAgenda: AO, Kingfisher, Majestic, Mothercare and Intu
Retail Week looks ahead to the next seven days with updates from AO, Kingfisher, Majestic, Mothercare and Intu all on the agenda.
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NewsAsda posts sixth consecutive quarter of sales growth
Asda has posted its sixth consecutive quarter of like-for-like growth as the grocer builds momentum ahead of its proposed merger with Sainsbury’s.
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NewsEve Sleep seeks £15m investment to fund new CEO’s strategy
Eve Sleep’s newly appointed chief executive James Sturrock has unveiled his new strategy, which will home in on expanding the etailer’s product range and brand positioning.
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NewsCard Factory like-for-likes flat as online drives sales
Card Factory has stemmed the decline in its like-for-like sales in its third quarter as it ploughs ahead with its store expansion programme.
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NewsHolland & Barrett sales up, John Walden appointed chairman
Holland & Barrett edged up profits and posted its 38th consecutive quarter of like-for-like sales growth as former Argos boss John Walden is appointed chairman.
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NewsSupplier fears over Asda-Sainsbury's deal
The planned tie-up between grocery giants Sainsbury’s and Asda would be bad news for consumers, a supplier has told the Competition and Markets Authority.