Latest finance news – Page 251
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NewsWaitrose sales down after snow hits trading
Waitrose sales fell last week due to snow and icy conditions, but the partnership was buoyed by rising sales of electricals at John Lewis.
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NewsH&M profits plunge as cold snap prompts discount frenzy
H&M has blamed price cuts and cold weather for a crash in first-quarter profits and warned that more discounting is needed.
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NewsDFS profits crash but Filby 'confident' of growth
DFS’ half-year profits have crashed but boss Ian Filby said he is confident in the business’ performance despite challenging market conditions.
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NewsBHS: Chappell faces directorship ban, Green cleared
Former BHS owner Dominic Chappell faces a ban from serving as a company director following the retailer’s collapse but Sir Philip Green has been cleared.
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NewsMoss Bros profits tumble due to 'frustrating' Christmas
Moss Bros has recorded a slump in preliminary profits despite increased like-for-like sales, which boss Brian Brick blamed on poor Christmas trading.
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NewsGame profits plunge despite sales increase
Game posted haemorrhaging profits at the interim mark exacerbated by steep declines in the profitability of its retail arm.
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NewsThe Entertainer toasts full-year profit and sales rise
The Entertainer grew profits and sales in its last full year, driven by a bumper performance online.
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NewsRetailers face ‘£8bn bill’ in event of hard Brexit
Retailers could be hit with a “debilitating” £8bn spike in the cost of consumer goods if the UK fails to strike a deal with the EU.
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NewsJD Sports to snap up US chain Finish Line in £396m deal
JD Sports has struck a deal to buy US clothing, footwear and accessories business The Finish Line as it ramps up its international expansion.
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NewsHouse of Fraser in talks over £40m emergency funding
House of Fraser has held talks with specialist lenders in a bid to secure emergency funding as it faces into difficult trading conditions.
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NewsNext profits fall after ‘most challenging’ year
Next has reported a slide in annual earnings after what chief executive Lord Wolfson described as the “most challenging year” in more than two decades.
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NewsMaplin fails to secure buyer, axes head office roles
Maplin has made a further 66 redundancies at its head office as administrators confirmed that a buyer for the business has not been found.
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NewsTed Baker profits ascend despite 'challenging' market
Ted Baker has reported healthy rises in its full-year profits and sales in what boss Ray Kelvin labelled a “good performance”.
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NewsConviviality warns on profits as it seeks £125m funding
Bargain Booze owner Conviviality has kicked off a £125m fundraising round to “recapitalise” the business and warned that without additional investment it could collapse.
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NewsAgenda: Game, Conviviality, Moss Bros and DFS
Retail Week looks ahead to the next seven days, with updates from Game, Conviviality, Moss Bros and DFS on the agenda.
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NewsNew Look CVA approved, 60 stores to close
New Look’s landlords have approved its Company Voluntary Arrangement, paving the way for the retailer to shutter 60 stores.
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NewsScS profits rise but Beast from the East hits orders
ScS’ half-year earnings have risen, although the value furniture retailer’s recent sales were hit by adverse weather conditions, when orders were affected by the snow.
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NewsKingfisher profits decline as B&Q sales drop
Kingfisher’s full-year profits have declined, dragged down by business disruption and a “softening market” in which B&Q sales fell.
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NewsMoss Bros issues full-year profit warning
Moss Bros has issued a profit warning, blaming a reduction in footfall and a consolidation of its supplier base following the weakness in sterling.
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NewsMothercare lenders defer covenant testing
Mothercare’s lenders have agreed to defer covenant testing as it scrambles to secure additional sources of financing.