Latest finance news – Page 239
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NewsAsda posts fifth quarter of growth in a row
Asda has posted its fifth consecutive quarter of increased like-for-likes sales, with online sales growth spurred by its general merchandise arm.
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NewsB&Q sales rise as warm weather boosts performance
Kingfisher-owned DIY specialist B&Q notched up like-for-like growth of 3.6% in its second quarter, helped by good weather.
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NewsNotonthehighstreet swings to profit despite sales fall
Notonthehighstreet.com reported a swing into the black in its latest full-year results, spurred by a shift in marketing strategy to focus on more profitable customers.
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NewsFat Face profits and sales rise as it chases US market
Fat Face has reported an increase in full-year profits and sales, with its burgeoning US business driving growth.
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NewsAshley vows to keep 80% of HoF stores open
New House of Fraser owner Mike Ashley has pledged to keep 80% of the department store chain’s shops open.
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NewsUpdated: Homebase names 42 stores for closure
Homebase intends to shut 42 stores, putting 1,500 jobs at risk, as part of its turnaround push.
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NewsBHS auditor PwC slammed in damning watchdog report
Financial accounts of failed department store chain BHS contained “incomplete, inaccurate and misleading” statements following failings by auditor PwC, a new report has ruled.
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NewsAgenda: Asda and Kingfisher update the market
Retail Week looks ahead to the next seven days, with updates from Asda and Kingfisher.
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NewsPoundworld brand could be resurrected by rescue bid
The Poundworld brand and a handful of its shops could be saved following an eleventh hour rescue bid by Irish retail family the Hendersons.
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NewsSports Direct acquires House of Fraser for £90m
Sports Direct has bought House of Fraser out of administration for £90m following a battle to control the beleaguered department store chain.
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NewsHouse of Fraser calls in administrators as rescue talks fail
House of Fraser has tumbled into administration after last ditch talks to save the business collapsed.
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NewsCard Factory trims profit guidance despite sales rise
Card Factory has downgraded its full-year profit expectations despite registering a boost in interim sales.
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NewsHoF creditors to pick a rescue bid as early as today
House of Fraser’s lenders could reportedly decide on bids from at least three white knights today, including Mike Ashley, Philip Day and Alteri Investors.
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NewsOver 1,000 Homebase jobs at risk
Homebase will reportedly close a quarter of its stores in a company voluntary agreement that could lead to more than 1,000 job cuts.
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NewsWhite Stuff profits halve as 'test and learn' misfires
White Stuff has recorded a slump in sales and profits after a ‘test and learn’ product strategy misfired and heavily constrained trading in the first half.
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NewsScS like-for-likes nudge up as soft trading hits
ScS’ like-for-likes inched up over the year with softer trading and extreme weather hitting its second half.
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NewsZalando expects profits at lower end of target range
Zalando is forecasting its profits will be at the lower half of its target range despite order and customer numbers spiking in the second quarter.
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NewsNew Look profits up despite falling sales
New Look has reported rising profits despite a dip in sales in its first quarter.
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NewsAgenda: Card Factory, SCS and BRC KPMG
Retail Week looks ahead to the next seven days, with updates from Card Factory and SCS, plus the BRC KPMG retail sales figures.
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NewsAmazon tax bill drops despite spike in profits
Amazon has declared its lowest UK tax bill for five years, despite almost doubling its profits.