Latest finance news – Page 264
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NewsScS bucks big-ticket blues with first-quarter sales rise
Sofa and carpet specialist SCS unveiled positive like-for-likes in its first quarter as it continues to sidestep the big-ticket slowdown caused by tough market conditions.
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NewsEx-Asda boss Clarke ‘surprised’ by Tesco-Booker verdict
Former Asda boss Andy Clarke admits he was ‘surprised’ by the competition watchdog’s decision to provisionally approve Tesco’s £3.7bn mega-merger with Booker.
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NewsSports Direct increases credit facility to £907m
Sports Direct has increased its credit facility to more than £900m to help fund founder Mike Ashley’s vision to become ‘the Selfridges of sport’.
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NewsAO.com losses widen as investment hits bottom line
AO.com has posted widening losses at the interim mark despite healthy sales rises across the UK and Europe.
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NewsKingfisher UK sales driven up by Screwfix and inflation
Kingfisher posted a boost in its overall third-quarter sales as a strong performances at Screwfix compensated for falling sales at B&Q.
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NewsCrew Clothing on cusp of sale to Exquisite Apparel
Crew Clothing is on the cusp of being sold to US-based clothing manufacturer Exquisite Apparel, Retail Week has learned.
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NewsDFS’ Sofology acquisition given green light by CMA
DFS has been given the go-ahead by the competition watchdog to complete its £25m acquisition of rival retailer Sofology.
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NewsBonmarché profits jump as turnaround bid builds momentum
Bonmarché has posted a spike in half-year profits and sales as boss Helen Connolly’s turnaround efforts began to bear fruit.
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NewsBrightHouse bondholders on cusp of restructuring deal
BrightHouse owner Vision Capital could be left with just a 3% stake in the retailer as part of a £220m restructuring of the embattled business.
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NewsAgenda: Bonmarché, AO, Kingfisher, Quiz, Mothercare, Majestic
Retail Week looks ahead to the next seven days, with updates from Bonmarché, AO, Kingfisher, Quiz, Mothercare and Majestic on the agenda.
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NewsThe Range profits advance amid aggressive expansion
The Range delivered a jump in pre-tax profits in its last full year as the value retailer continued on its successful streak of sales growth.
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NewsMountain Warehouse profits jump as it revs up expansion
Mountain Warehouse recorded a rise in half-year profits and sales as it beefs up international expansion and rolls out activewear brand Zakti across its stores.
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NewsAsda hails second consecutive quarter of sales growth
Asda has posted its second consecutive quarter of sales growth as its turnaround efforts gather momentum.
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NewsFarfetch losses widen despite soaring sales
Farfetch’s losses have increased in its last financial year amid the business gearing up to prepare for a float.
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NewsTed Baker beats tough conditions with sales rise
Ted Baker has posted a third-quarter sales rise, despite tough trading conditions in some of its markets.
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NewsTesco-Booker merger plan blasted by leading shareholder
Tesco’s planned merger with wholesaler Booker has been attacked by one of the grocer’s top shareholders.
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NewsCard Factory sales rise but 'external' pressures bite
Card Factory said sales grew 6.7% in the nine months to October 31, but warned that it still faces pressure from slumped Sterling and rising wages.
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NewsGame full-year profits slide amid 'volatile' markets
Game has racked up full-year losses as the retailer battled with a ‘volatile’ UK gaming market and invested in its fledgling events and esports business.
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NewsChristmas trading will be 'unforgiving', warns B&M boss
B&M’s chief executive Simon Arora says that the golden quarter would be challenging for retailers that had not nailed their ‘in-store experience, pricing or product.’
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Tesco-Booker deal wins CMA approval following probe
Tesco’s proposed merger with wholesale supplier Booker has edged closer as the £3.7bn deal was provisionally cleared by the Competition and Markets Authority.