Latest finance news – Page 241
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NewsSports Direct takes £85m hit on Debenhams stake
Sports Direct full-year profits plunged as it took a £85.4m hit on its near-30% Debenhams stake over the year.
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NewsHotel Chocolat tastes sales success in ‘strong’ year
Hotel Chocolat has posted an increase in full-year sales, boosted by the opening of 15 new stores and its growing online customer base.
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NewsPoundworld closes further 40 stores
Poundworld has unveiled its third round of store closures in a week as the beleaguered value retailer continues to seek a buyer.
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NewsJohn Lewis sales slump due to hot weather and World Cup
John Lewis recorded a drop in its weekly sales as strong sales of summer products failed to offset declines in its home division.
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NewsTesco’s Carrefour tie-up set for French watchdog probe
The proposed tie-up between Tesco and Carrefour and its impact on their respective consumers and suppliers will be scrutinised by the French anti-trust authority.
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NewsMarks & Spencer to axe 350 store management roles
Marks & Spencer is planning a fresh wave of more than 350 job cuts in a drive to simplify its store management teams.
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NewsThe Body Shop raids L’Occitane to bolster top team
The Body Shop has made a raft of executive appointments including poaching two directors from rival beauty retailer L’Occitane.
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NewsDebenhams denies cash crisis after credit insurance cut
Debenhams has insisted it is in a “healthy” financial position despite suffering a cut to its credit insurance.
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NewsPoundworld: 80 more stores and 1,000 jobs to go
Poundworld administrators will close another 80 stores next week, on top of the 25 already set to close this weekend.
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NewsAgenda: Mothercare, Hotel Chocolat, Sports Direct, AO
Retail Week looks ahead to the next seven days, with updates from Sports Direct, Hotel Chocolat and AO.com all on the agenda.
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NewsHalfords poaches Waitrose finance boss as CFO
Halfords has hired Waitrose finance director Loraine Woodhouse as its new CFO.
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NewsB&M hails ‘strong’ first quarter in 'sluggish' market
B&M has hailed a “strong” start to its financial year after like-for-like sales increased 1.6% during its first quarter.
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NewsDFS cautions on profits amid fourth-quarter 'disruption'
DFS has cautioned that full-year profitability will fall below last year’s total after hot weather and “disruption” to deliveries from the Far East dented fourth-quarter performance.
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NewsAsos third-quarter sales spike as customer base swells
Asos has posted a jump in third-quarter revenues as it recorded strong growth in its domestic UK market and overseas.
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NewsMountain Warehouse sells £45m stake to ramp up expansion
Mountain Warehouse has sold a 20% stake in the business to Inflexion Private Equity Partners.
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NewsOcado swings to half-year loss as sales rise
Ocado has recorded a loss at the half-year mark as the online grocer ploughed investment into its proposition following a spate of international partnerships.
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NewsTesco UK boss Wilson diagnosed with cancer, steps down
Tesco’s UK and Ireland chief executive Charles Wilson will step down from his role this month following a throat cancer diagnosis in April.
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NewsTOFS CVA is approved, 290 jobs are at risk
The Original Factory Shop has been given the green light by creditors to axe over a tenth of its store estate, Retail Week can reveal.
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NewsPoundworld's founder drops his rescue bid
Poundworld founder Chris Edwards has ditched talks to rescue the business, pushing more than 5,000 jobs closer to the precipice.
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NewsMothercare places Children’s World into administration
Mothercare has insisted it is making “good progress” with its refinancing and restructuring plans – but has placed its Children’s World business into administration.