Latest finance news – Page 284
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NewsNisa drafts in bankers to explore possible sale
Nisa Retail has drafted in bankers to advise over a potential sale of the business, according to reports.
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NewsBreakfast briefing: New Look, Tesco and more
Retail news round-up: New Look directors leave the company; Tesco to report continued growth in sales; and Charles Tyrwhitt's parent company reports surge in profits.
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News
Dixons Carphone sells Sprint stake to focus on Honeybee
Dixons Carphone has sold its stake in the joint venture with US firm Sprint to focus on the roll out of its Honeybee digital software.
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NewsMatalan profits rise amid full-price sales drive
Matalan’s parent company has reported an increase in full-year profits as the retailer rowed back on discounting.
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NewsBreakfast briefing: Matalan and M&S
Retail news round-up: Matalan reports surge in profits and M&S boss receives pay amid falling profits.
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NewsToday in retail: Boohoo gets investors' vote
In a challenging market, fast-fashion etailer Boohoo continues to set the pace.
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NewsUniqlo swings to loss as euro slump hits profits
Uniqlo has swung to a pre-tax loss as investment in its expansion plan and the weakening euro against the dollar hampered its bottom line.
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NewsUpdated: Boohoo sales rocket amid £50m share listing
Boohoo has unveiled surging first-quarter sales and successfully raised £50m through the listing of new shares to help fund a new warehouse.
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NewsSteinhoff profits jump as Poundland sales climb
Steinhoff delivered a leap in profits and sales at the half-year mark, although its recent clutch of acquisitions dented margins.
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NewsBody Shop price tag hurt by 'poor profit expectations'
Body Shop’s parent company L’Oreal hopes to sell it for €800m but is reportedly forecasting a slump in the ethical retailer’s upcoming profits.
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NewsBreakfast briefing: Taveta Investments and Body Shop
Taveta Investments reports decline in profits and L’Oreal may not receive €800m for Body Shop sale
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NewsSports Direct ups stakes in US sportswear businesses
Sports Direct has increased its investments in Umbro-owned Iconix Brand Group and doubled its stake in retailer Finish Line.
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NewsGo Outdoors chief executive Chris Matthews steps down
Go Outdoors boss Chris Matthews has resigned after four years at the helm, just weeks after its acquisition by JD Sports was approved.
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NewsNew Look's former owner Apax tables bid for Shop Direct
The previous joint owner of New Look, Apax Partners, and former custodian of Phones 4U, BC Partners, have both lodged bids for Shop Direct.
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NewsShoe Zone half year profits hit by slumped sterling
Shoe Zone blamed the devaluation of sterling against the dollar since last year’s Brexit vote for a slump in half-year profits.
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NewsToday in retail: New Look and AO sing the retail blues
Underwhelming results from New Look and AO.com, plus gloomy BRC retail sales, compounded to paint a bleak portrait of the retail landscape today.
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NewsJohn Lewis sales boosted by demand for summer clothing
John Lewis said sales increased 2% to £83.8m in the week to June 3 as the hot weather encouraged customers to update their summer wardrobe.
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NewsJoules sales spike as it ramps up profit expectations
Joules has enjoyed a spike in sales in its first full year since its IPO and ramped up its profit guidance ahead of its preliminary results.
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NewsNew Look profits slump as UK sales suffer
New Look has suffered a slump in full-year profits and like-for-like sales amid a stark warning that the coming year will “remain challenging”.
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NewsAO.com narrows losses despite ‘challenging’ UK market
AO.com has narrowed its full-year losses despite the “challenging trading environment” in the UK and continued losses in Europe.