Latest finance news – Page 242
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NewsAgenda: M&S, Asos, Ocado, Dunelm and Burberry
Retail Week looks ahead to the next seven days, with updates from Marks & Spencer, Asos, Ocado, Dunelm and Burberry all on the agenda.
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NewsPhilip Hammond refuses MPs’ calls for rates reform
Chancellor Philip Hammond has told MPs he will not reconsider business rates reform imminently, but will examine changing how digital firms are taxed.
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NewsSuperdry profits rise after ‘strong’ year
Superdry has reported a rise in sales and earnings and said it is confident that growth will continue.
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NewsPrimark profits to beat expectations as sales rise
Primark will make higher profits than anticipated this year after tight management of stock and markdowns.
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NewsMore job losses after Jacques Vert fails to find buyer
Jacques Vert concessions will shut after administrators failed to find a buyer.
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NewsRetail industry associations demand business rates reform
Retail industry trade bodies the BRC and Revo have called for urgent reform of the business rates system as Bill Grimsey’s second high street review was published.
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NewsSainsbury’s posts flat first quarter like-for-likes
Sainsbury’s like-for-like growth edged up 0.2% in the first quarter as the grocer ploughed £150m into lowering prices.
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NewsFRC launches investigation into Conviviality collapse
Accountancy regulators have launched a probe into the dramatic collapse of booze retailer and wholesaler Conviviality.
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NewsSuperdrug hails 'momentum' as full-year profits jump
Superdrug has posted an increase in full-year profits and sales as it hailed “continued growth momentum” in key categories.
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NewsTime running out to save Poundworld, founder warns
Poundworld founder Chris Edwards, who wants to buy back the retailer, has accused administrator Deloitte of making a rescue deal more difficult by “wasting time”.
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NewsEve Sleep founder ousted after 'strategic missteps'
Direct-to-consumer mattress specialist Eve Sleep’s founder and chief executive Jas Bagniewski has left the business with immediate effect.
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NewsTesco and Carrefour set to enter strategic alliance
Tesco and Carrefour are preparing to create a global strategic alliance in a bid to offer “even lower prices” to customers.
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NewsAgenda: Sainsbury’s, Primark, Eve Sleep and Topps Tiles
Retail Week looks ahead to the next seven days, with updates from Sainsbury’s, Eve Sleep, Primark, Topps Tiles and Superdry on the agenda.
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NewsPoundland like-for-likes rise despite Steinhoff woes
Value variety store group Poundland has reported a rise in first-half like-for-like sales.
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NewsAmazon to shake up health sector with PillPack acquisition
Amazon is to acquire US online pharmacy PillPack in a deal likely to rock the healthcare sector.
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NewsHomebase to axe a third of head office staff
Homebase is to cut 300 jobs at its Milton Keynes head office as it begins a turnaround programme following its disastrous ownership under Bunnings.
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NewsJohn Lewis sets out vision as profits shrink
John Lewis has revealed its strategy for the coming years and admitted its first-half profits will be “close to zero”.
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NewsJD Sports boss Cowgill’s pay probed by investor group
An influential investor group has urged JD Sports shareholders to rebel against executive chairman Peter Cowgill’s pay package.
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NewsThe Original Factory Shop tables CVA proposal
The Original Factory Shop (TOFS) has become the latest retailer to launch a CVA amid harsh retail conditions, Retail Week can reveal.
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NewsCarpetright swings to massive full-year loss as sales fall
Carpetright swung to a loss amid falling sales last year as the struggling business launched a CVA.