Latest finance news – Page 232
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NewsIntu extends bid deadline as talks make 'good progress'
The consortium bidding to buy property giant Intu has been granted a second extension to its ‘put up or shut up’ offer deadline.
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NewsN Brown hit with £9m marketing VAT bill
N Brown has said it expects to pay an additional £6m to £9m in marketing costs from 2020 following a long-running dispute with HMRC.
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NewsBlue Inc hires Begbies Traynor to search for buyer
Blue Inc has hired professional services firm Begbies Traynor to find a buyer in a bid to secure a new cash injection.
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NewsB&M like-for-likes creep up as profits rocket
B&M has reported soaring profits at its half-year mark despite UK like-for-likes only rising slightly.
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NewsAgenda: Asda, B&M, Card Factory, Kantar/Nielsen and Intu
Retail Week looks ahead to the next seven days with updates from B&M, Asda and Card Factory all on the agenda.
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NewsAO World to acquire Mobile Phones Direct
AO World is to buy online phone retailer Mobile Phones Direct for £32.5m as it turns up pressure on Dixons Carphone.
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NewsSainsbury's boss Coupe defends store standards
Sainsbury’s boss Mike Coupe has hit back at criticism of its store standards – but admitted the grocer went through a “bumpy” patch during the summer.
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NewsHalfords interim profits down despite sales rise
Halfords has reported falling half-year profits despite a sales increase as it begins to implement its new strategy.
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NewsGame full-year losses shrink but sales remain flat
Game shrank its losses over its full year but sales remained stubbornly flat with its events business a notable bright spot.
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NewsSuperdry sales rise in 'challenging' first half
Superdry has posted an increase in sales during its first half amid what it called a “challenging backdrop”.
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NewsSainsbury's profits fall as restructuring costs bite
Sainsbury’s has suffered a fall in profitability during what chief executive Mike Coupe described as a “solid” first half.
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NewsMulberry hit by House of Fraser collapse as sales plunge
Mulberry UK retail sales plunged 11% in its first half as House of Fraser administration and “soft” retail conditions bite.
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NewsM&S profits rise but sales continue to fall
Marks & Spencer profits have risen but sales fell as boss Steve Rowe vows to “leave no stone unturned” in his quest to transform the business.
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NewsMorrisons hails ‘strong’ third-quarter sales
Morrisons has hailed a “strong” third-quarter performance despite suffering a slowdown from its summer sales spike.
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NewsPrimark sales and profits rise driven by the UK
Primark has posted increases in its preliminary profits and sales, bolstered by strong UK sales which defy the wider fashion downturn.
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NewsThe Range posts profit fall after taking sterling hit
Profits at value general merchant giant The Range fell last year after the weakness of sterling hit performance.
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NewsMike Ashley deals take toll of thousands of retail jobs
Mike Ashley’s takeovers of well-known retailers have cost 6,000 retail jobs and more than £1bn in unpaid bills.
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NewsM&S considered splitting food and fashion arms
Marks & Spencer looked into separating its food and apparel divisions but opted not to after deciding it would not create shareholder value.
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NewsAgenda: Sainsbury's, M&S, Morrisons, Primark and more
Retail Week looks ahead to the next seven days with updates from Marks & Spencer, Sainsbury’s, Morrisons, Primark and more on the agenda.
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NewsIkea UK sales buoyed by store openings and digital growth
Ikea has posted an increase in UK sales but insisted that the business would continue to evolve amid “a challenging retail and economic environment”.