Latest finance news – Page 289
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NewsMike Ashley raises interest in Debenhams once more
Mike Ashley has raised his interest in Debenhams once again and now holds 17% of the department store group.
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NewsData: The Hut’s investments and international ambitions
The etailer, with sites ranging from health and beauty to entertainment, describes itself as a “nimble giant with a start-up culture”. What do its latest results reveal about its strategy?
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NewsHoF snaps up Issa in bid for fashion authority
House of Fraser has acquired premium fashion brand Issa as part of its ongoing bid to become a fashion authority on the high street.
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NewsBody Shop bidders include billionaire Bonomi
Billionaire Andrea Bonomi, the investor who backs legendary car marque Aston Martin, is among the group of final bidders for The Body Shop.
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NewsThe Hut’s profits rocket in ‘step-change’ year
Profits and revenues have surged at online retailer The Hut, owner of sites such as Myprotein and Zavvi.
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NewsMonsoon profits fall but boss pleased by current trading
Monsoon has suffered another drop in full-year profits and sales, Retail Week can reveal.
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NewsLK Bennett founder returns to retailer she launched
LK - Linda – Bennett, founder of the fashion retailer she gave her name to, is returning to the business.
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NewsMissguided sales soar but fails to declare profits
Missguided has reported rocketing revenues but failed to disclose profits in its full-year results.
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NewsBreakfast briefing: Sports Direct and Missguided
Retail news round-up: Sports Direct's only female director resigns and Missguided reveals boost in revenue.
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NewsStore Twenty One teeters on brink of administration
Store Twenty One has filed a notice of intention to appoint administrators after defaulting on rent payments, Retail Week can reveal.
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NewsBHS: Former owner Retail Acquisitions on the brink
Former BHS owner Retail Acquisitions is on the brink of liquidation following a high court ruling.
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NewsMorrisons eyes own label push to tackle inflation
Morrisons chief executive David Potts is bidding to leverage and expand the grocer’s own brand ranges in an effort to combat inflation.
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NewsMorrisons racks up sixth consecutive quarter of growth
Morrisons has racked up its sixth consecutive quarter of sales growth as the grocer continues its turnaround efforts.
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NewsNext cuts top-end profit guidance
Next has reduced the upper end of its full-year profit guidance after suffering a slump in first quarter sales.
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NewsYoox Net-a-Porter sales boosted by US and Asia Pacific
Yoox Net-a-Porter registered a bigger than expected increase in first-quarter sales, driven by strong sales in the US and Asia Pacific.
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NewsBig ticket bank holiday trade hit by 'tough' market
Big ticket and DIY retailers bemoaned lukewarm trading over Easter and the May bank holiday this year amid “tough” market conditions.
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NewsToday in retail: M&S fashion hire upstages Sainsbury’s
Marks & Spencer has poached Halfords’ Jill McDonald to lead its clothing arm. Judging by some reactions, the appointment was more of a shock than a surprise.
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NewsJohn Lewis sales hit by competitor price-matching
John Lewis sales suffered last week as it price-matched a competitor’s event, with home sales hit particularly hard.
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NewsShop prices fall but change in sight as rate slows
Overall shop prices deflated 0.5% year-on-year last month, off a 0.8% decline in March, marking the shallowest rate of deflation in over three years.
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NewsSainsbury's boss Coupe targets return to profit growth
Sainsbury’s boss Mike Coupe is confident it can rebuild profitability over the next “three to five” years after suffering another fall in full-year earnings.