Latest finance news – Page 272
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NewsToday in retail: Mixed bag from John Lewis, Next, Morrisons
Having become somewhat accustomed to a cautious and often pessimistic approach, Next boss Lord Wolfson changed his tune today.
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NewsMorrisons' Potts: Inflation will 'taper down' next year
Morrisons boss David Potts has hailed the impact of its ‘Price Crunch’ initiative in minimising food price inflation, which he believes will subside next year.
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NewsJohn Lewis Partnership profits halve despite sales rise
John Lewis’ half-year pre-tax profits have crashed despite a modest rise in sales across the Partnership.
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NewsEve Sleep racks up losses as sales flourish
Eve Sleep, which floated on the AIM in May, has reported mounting pre-tax losses in its first-half, during which sales rocketed 126%.
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NewsDunelm profits hit by Worldstores in ‘subdued’ year
Dunelm suffered a fall in pre-tax profits but said sales increased in its second and final full year under former boss John Browett.
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NewsToday in retail: JD Sports races ahead with soaring profits
JD Sports continued its run of beating its competitors to the finishing line today, posting rocketing profits and revenues.
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NewsJD Sports profits and sales climb in ‘record’ half-year
JD Sports has posted a jump in profits and sales for its interim results, bolstered by international store expansion and online growth.
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NewsToday in retail: Primark bucks value fashion slowdown
Primark’s full-year trading update shows a fashion retailer in fine fettle, in stark contrast with many of its rivals.
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NewsThe Entertainer sales rise boosted by store expansion
The Entertainer posted a healthy rise in sales at the half-year mark, bolstered by growth in its own-label offer and aggressive bricks-and-mortar expansion.
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NewsIndian entrepreneur targets Coast, Oasis and Warehouse
An Indian entrepreneur, who is wanted by Interpol, is targeting a takeover of Coast, Oasis and Warehouse.
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NewsPrimark full-year sales soar as margin improves
Primark has hailed a jump in full-year sales and margins after the latter was driven up by lower markdowns.
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NewsNatura completes The Body Shop acquisition from L’Oréal
Brazilian cosmetics manufacturer Natura Cosméticos has completed its acquisition of The Body Shop from L’Oréal after being given the green light by competition watchdogs.
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NewsAgenda: Dunelm, JLP, Morrisons, Next and Primark update
Retail Week looks ahead to the next seven days, with updates from Dunelm, John Lewis Partnership, Morrisons, Next and Primark on the agenda.
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NewsToys R Us hires lawyers to explore US restructuring
Toys R Us in the US has hired lawyers to explore restructuring options ranging from bankruptcy to raising financing and restructuring debt.
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NewsKoovs full-year sales rocket but losses remain
Koovs has revealed soaring full-year sales and steady losses as it aims for profitability in 2020.
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NewsSports Direct chair Hellawell secures investor backing
Sports Direct’s chairman Keith Hellawell has been re-elected as chairman by the retailer’s independent shareholders at today’s AGM.
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NewsSports Direct reiterates profit ambitions ahead of AGM
Sports Direct said sales at its new stores “exceed our expectations” amid growing calls for chairman Keith Hellawell to step down at today’s AGM.
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NewsUpdated: Hut Group acquires skincare brand Espa
The Hut Group has acquired luxury skincare brand Espa in a deal thought to be worth over £100m.
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NewsGear4Music sales crescendo amid investment drive
Gear4Music said its first-half sales have risen ahead of expectations, but investment has increased operational costs and “restricted margins”.
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NewsHalfords first-quarter sales driven by staycations
Halfords has unveiled an increase in first-quarter sales, which outgoing boss Jill McDonald attributed to the heightened popularity of holidaying in the UK.