Latest finance news – Page 281
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NewsJD Sports posts sales rise but flags margin pressure
JD Sports has reported that like-for-like growth at its stores are “in line with our expectations”.
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Tesco urges CMA to fast-track Booker competition probe
Tesco has urged the Competition and Markets Authority to fast-track its investigation into the grocer’s planned merger with convenience business Booker.
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NewsBurberry climbs down as investors turn on executive pay
Burberry is trying to dampen investor wrath over its executive pay following the decision to hand generous share awards to two board members.
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NewsBreakfast briefing: Burberry and Zalando
Retail news round-up: Burberry criticized by investors and Zalando collaborates with Bestseller.
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NewsToday in retail: Have Tesco's job cuts gone too deep?
Tesco has made its second round of job cuts in less than a week, today culling 1,200 of its head office roles – around 25%.
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NewsTesco to axe 1,200 jobs in 'next step' of turnaround
Tesco is axing 1,200 jobs at its head office, just days after it revealed plans to cut more than 1,000 call-centre jobs.
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NewsDixons Carphone unveils record profit in year of change
Dixons Carphone has declared record pre-tax profit of more than half a billion as boss Seb James claims the retailer is now “well positioned to flourish”.
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NewsUpdated: The Body Shop sold to Brazilian beauty brand
L’Oréal has agreed to sell The Body Shop to Brazilian cosmetics manufacturer Natura Cosméticos for £880m as it seeks to ramp up its international credentials.
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NewsBreakfast briefing: Body Shop, BHS and more
Retail news round-up: The Body Shop sold to Natura; Green sold BHS to avoid pension liabilities; and Net-a-Porter unveils new tech hub.
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NewsFindel losses widen despite sales growth
Express Gifts owner Findel has slipped further into the red, despite hailing an increase in sales.
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NewsCarpetright profits plummet amid strategic investments
Carpetright has suffered a slump in full-year profit after strategic investments and the fall in the value of the pound dented its bottom line.
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NewsDebenhams warns of 'market volatility' as sales fall
Debenhams has cautioned that full-year profits could be “towards the lower end” of market expectations as it grapples with turbulent trading conditions.
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NewsBreakfast briefing: Tesco, consumer confidence and more
Retail news round-up: Tesco offers one-hour delivery service; British consumer confidence drops; and supermarket watchdog functions without compliance manager.
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NewsToday in retail: More to come from Holland & Barrett?
Holland & Barrett has found itself a new home in the shape of L1, but is there More to come from the health food business?
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NewsTheo Fennell buys back business he founded
Jeweller Theo Fennell has been acquired by its founder, backed by a division of private equity turnaround specialist Endless.
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NewsSainsbury’s aims to sweeten deal for Nisa members
Sainsbury’s hopes to head off a possible rebellion over its acquisition of Nisa by enabling member shopkeepers to retain their independence after the deal.
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NewsHolland & Barrett sold to L1 Retail for £1.8bn
Holland & Barrett has been sold to investor L1 Retail for £1.8bn.
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NewsBreakfast briefing: Holland & Barrett, Sainsbury's and more
Retail news round-up: L1 Retail to buy Holland & Barrett for £1.8bn; Nisa members unhappy with Sainsbury's takeover; and Simggle plans expansion in the UK.
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NewsM&S fashion boss misses out on £1.7m Halfords bonus
Marks & Spencer’s new clothing chief Jill McDonald will miss out on £1.7m of bonuses after stepping down from her current role as boss of Halfords.
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NewsFund linked to ex-Argos boss eyes Holland & Barrett bid
A private investment firm advised by former Home Retail boss John Walden and ex-Lidl chief Karl-Heinz Holland is among potential buyers circling Holland & Barrett.