Latest finance news – Page 322
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NewsLaura Ashley like-for-likes rise 4.1% while online sales soar
Laura Ashley has reported a healthy rise in full-year like-for-likes as strong furniture sales bolstered the retailer’s underperforming fashion arm.
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NewsInflation hits 20-month high while cost of food falls at slower rate
UK inflation has hit its highest level since November 2014 driven by higher prices for fuel, alcoholic drinks and hotels, latest figures show.
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NewsJohn Lewis sales fall as hot weather sparks 'challenging' week
John Lewis sales dropped last week as the hot weather drove consumers away from shops during a “challenging” period of trading.
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NewsPoundland boss O’Byrne offered £2.7m in shares to stay under Steinhoff
Poundland boss Kevin O’Byrne has been offered a £2.7m share package to remain in charge under the ownership of Steinhoff.
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NewsRetail rich list 2016: The industry’s wealthiest 100
The tills are still jangling merrily for the world’s top retailers. But who has the most? Find out in Retail Week’s top 100 richest retailers.
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NewsBHS: Top law firm to investigate retailer’s former directors
A leading law firm has been drafted in to help scrutinise the conduct of former BHS directors prior to the high-street chain’s collapse.
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NewsAlibaba first-quarter sales surge as mobile users drive growth
Alibaba reported its highest quarterly sales growth since its flotation in 2014 as mobile purchases outstripped desktop shoppers.
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NewsAgenda: Asda and Kingfisher to post second quarter results
Retail Week looks ahead to the next seven days with second quarter results from both Asda and Kingfisher on the agenda.
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NewsPoundland accepts increased takeover offer from Steinhoff
Value retailer Poundland has agreed to a higher takeover offer of £610.4m from South African retail suitor Steinhoff.
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NewsCard Factory warns of 'challenging' retail environment as sales creep up
Card Factory’s like-for-likes inched up in its first half as ”variability in footfall” and Brexit uncertainty continue to impact sales.
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NewsDFS unveils sales uplift and insists Brexit 'has not weakened demand'
DFS has posted a 7% increase in full-year sales and said it is “well positioned to mitigate economic headwinds” following the EU referendum.
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NewsZalando sales and profits soar in fruitful second quarter
Zalando has posted 25% sales growth and increased its full-year profit guidance as it continues to invest in the customer experience.
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NewsStore Twenty One staff accuse retailer of failing to pay wages
Store Twenty One staff have laid bare a retailer allegedly unable to pay employees, who say they are trapped and angry due to their precarious employment.
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NewsBreakfast briefing: Retail news on reviving the high street and Pandora
Retail round-up: New digital organisation has launched to revive high streets and Pandora reports second-quarter revenue rise.
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NewsBoohoo full-year guidance inches up following 'robust' demand
Fast fashion etailer Boohoo has increased its sales figures guidance for its full year after “robust” demand in the first six months.
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NewsNew Look profits tumble as like-for-likes slide in first quarter
New Look said profits and like-for-likes fell in the run-up to the EU referendum “with unfavourable market conditions impacting high street footfall”.
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NewsScS like-for-like orders jump as strong growth continues post-Brexit vote
ScS has reported increased full-year like-for-like sales as the retailer’s profit expectations remained unchanged despite the Brexit result.
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NewsEvans Cycles profits plunge as 'softer' market punctures performance
Evans Cycles has suffered a 69.4% slump in pre-tax profits after a “softer” cycling market affected its full-year performance.
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NewsWalmart will acquire Jet.com for $3bn as it targets 'faster' online growth
Walmart has agreed to acquire online retailer Jet.com for around $3bn (£2.25bn) as the US titan seeks to bolster its ecommerce proposition.
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NewsSir Philip Green and sale of BHS discussed by Serious Fraud Office
The Serious Fraud Office (SFO) has met with Frank Field MP to discuss the sale of BHS and the conduct of Sir Philip Green.