Latest finance news – Page 237
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NewsAgenda: Kingfisher, Shop Direct and French Connection
Retail Week looks ahead to the next seven days, with updates from Kingfisher, Shop Direct and French Connection in the diary.
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NewsCo-op buys healthcare tech start-up as profits climb
The Co-op has posted a jump in profitability during the first half of its financial year and confirmed the acquisition of healthcare tech start-up Dimec.
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NewsMorrisons sales up as second quarter hits nine-year high
Morrisons’ like for likes rose over its half year with the grocer reporting its best second quarter in nearly a decade.
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NewsJohn Lewis profits crash 99% despite sales rise
John Lewis Partnership’s profits have crashed 98.8% despite rising sales in the “most promotional market in almost a decade”.
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NewsDunelm posts profits fall after ‘complicated’ year
Dunelm has reported a fall in full-year profits as the integration of the Worldstores business took a toll.
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NewsJD Sports plans to take gym chain 'nationwide'
JD Sports finance boss Brian Small says the retailer has lofty ambitions expand its 20-strong chain of gyms, which he describes as the retailer’s “secret weapon”.
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NewsDebenhams chairman Cheshire slams speculation 'circus'
Debenhams chairman Sir Ian Cheshire has hit out at “nosy neighbours” who he says have created a “circus” of speculation regarding its future.
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NewsJD Sports streaks ahead with 'record' profits and sales
JD Sports recorded a spike in interim sales and profits in what boss Peter Cowgill dubbed a “resilient” performance amid “widely reported UK retail challenges”.
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NewsPrimark posts sales rise but like for likes fall
Primark’s full-year sales are expected to be up 5.5% year on year, parent company ABF said in a pre-close update.
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NewsDebenhams drafts in KPMG to advise on options
Debenhams has called in KPMG to advise on options as it battles to turn around its fortunes.
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NewsAgenda: JLP, Morrisons, Primark, JD Sports and Dunelm
Retail Week looks ahead to the next seven days, with updates from Primark, John Lewis, Morrisons, JD Sports and Dunelm in the diary.
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NewsWaterstones buys Foyles in fightback against Amazon
Waterstones has acquired Foyles bookshops from the founding family for an undisclosed sum.
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NewsOffice Outlet CVA approved by creditors
Office Outlet will shutter four of its stores, with the loss of almost 50 jobs, after creditors unanimously approved its CVA.
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NewsDixons Carphone posts flat like-for-like sales
Electricals and mobile phones group Dixons Carphone has reported flat group like-for-likes in its most recent quarter.
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NewsAmazon surpasses $1trn market valuation milestone
Amazon’s shares briefly edged passed the $1trn market value mark yesterday, making it only the second publicly listed US firm to do so.
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NewsFenwick profits slump as it axes 400 roles
Fenwick has suffered plummeting full-year profits and axed more than 400 roles as it moves to “embrace change” gripping the retail sector.
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NewsHalfords sales rise buoyed by new ranges
Halfords has hailed a “solid” start to its financial year as sales increased despite the “challenging retail environment”.
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NewsThe Hut snaps up beauty specialist Acheson & Acheson
The Hut Group has bolstered its core beauty business with the acquisition of Acheson & Acheson, a contract manufacturer and product developer.
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NewsMike Ashley accuses HoF bosses of misleading suppliers
Sports Direct chief Mike Ashley has accused House of Fraser’s former bosses of “totally” misleading suppliers and the retailer’s warehouse operator.
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NewsFootasylum issues second profit warning despite sales rise
Footasylum has issued another profit warning despite sales rising, following a shock profit warning at its maiden results.