Latest finance news – Page 274
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NewsTesco opens £85m investor compensation scheme
Tesco has opened a £85m compensation scheme to make payouts to thousands of shareholders in the aftermath of its accounting scandal.
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NewsLaura Ashley profits nosedive in ‘challenging’ year
Laura Ashley profits and sales plummeted at the full-year mark, which the retailer attributed to challenging trading conditions and the weak pound.
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NewsGame’s full-year sales edge up despite UK slump
Game has reported a nominal rise in its full-year sales, driven by an improved performance in its second half.
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NewsEx-BHS owner Dominic Chappell to be prosecuted
The Pensions Regulator is set to prosecute Dominic Chappell following his failure to hand over information and documents during its investigation into BHS’ sale.
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NewsAshley ups Debenhams interest with direct stake
Mike Ashley has increased his interest in ailing department store Debenhams once again and, for the first time, has taken a direct stake.
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NewsThe Hut Group snaps up major beauty retailer
The Hut Group has bolstered its beauty offer, acquiring a major Australian beauty retailer just one week after buying Glossybox.
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NewsClintons’ losses mount as business costs bite
The greetings card specialist expects tough trading after increased losses in its past financial year but is confident improvements will deliver results.
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NewsiCandy collapse cost former Clinton boss nearly £1m
Retail entrepreneur Clinton Lewin lost almost £1m as a result of the collapse of his iCandy greetings card business.
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NewsNew Look targeted by distressed debt investors
US distressed debt investors are seeking to acquire bonds of embattled fashion retailer New Look.
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NewsTiger profits drop despite climbing sales
Danish retailer Tiger posted a slump in its full-year profits as increased sales and an expanded store estate failed to offset currency exchange costs.
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NewsAlibaba profits soar as retail and tech drive sales
Chinese ecommerce giant Alibaba has posted a surge in profits and sales in its second quarter as its commerce and cloud technology division bolstered growth.
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NewsAgenda: Grocery sales data from Kantar and Nielsen
Retail Week looks ahead to the next seven days, with the latest grocery market share data from Kantar and Nielsen on the agenda.
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NewsAsda stems sales decay with first rise in three years
Asda has posted its first quarter of sales growth for three years as the embattled grocer’s turnaround efforts build momentum.
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NewsBunnings racks up losses in maiden full year
Wesfarmer-owned DIY retailer Bunnings made a loss in its first full year on these shores as it kick-started its assault on the UK DIY market.
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NewsLaura Ashley warns on profits ahead of full-year results
Laura Ashley has issued its second profit warning in the space of six months amid “demanding” trading conditions.
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NewsJohn Lewis sales spurred by fashion and electricals
John Lewis sales spiked last week as womenswear and electricals drove the department store chain’s performance.
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NewsSainsbury’s pauses Nisa talks over competition concerns
Sainsbury’s has pressed the pause button on takeover talks with retailer and wholesaler Nisa because of concern that it could stoke greater than expected regulatory interest.
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NewsToday in retail: The Hut Group plumps its portfolio
In times of uncertainty, retailers will either tighten their belts or, perhaps counterintuitively, spend more money.
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NewsMatchesfashion in £600m sale talks as buyers circle
Matchesfashion.com is being eyed by a clutch of private equity firms, which could value the fashion retailer at £600m.
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NewsHut Group snaps up Glossybox and hits £2.5bn valuation
The Hut Group’s latest funding round has more than doubled its valuation as the health and beauty etail group acquired cosmetics subscription business Glossybox.