Latest finance news – Page 35
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NewsSainsbury’s to axe thousands of jobs as it closes counters and streamlines head office
Supermarket giant Sainsbury’s is set to slash thousands of jobs across its supermarket estate and head office functions as it targets more growth.
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NewsRevolution Beauty expecting a drop in sales before returning to growth
Revolution Beauty has said it is expecting to see a drop in sales for the full financial year, before returning to growth in the medium term.
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NewsPrimark’s UK sales have been hit as ‘cautious’ shoppers held back in lead up to Christmas
Fashion giant Primark has reported slumping sales in the UK and Ireland as “cautious shoppers” held back on seasonal spending in the lead up to Christmas.
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NewsTHG posts sales dip but remains on track for full year after Ingenuity split
Ecommerce giant THG, which owns the likes of Look Fantastic, MyProtein, and Cult Beauty, has reported a dip in sales for the fourth quarter but said it expects full year adjusted EBITDA to be “in line” with expectations in its first update since demerging its technology platform Ingenuity.
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NewsRituals is ramping up its global expansion as sales hit €2bn for first time
Cosmetics retailer Rituals is plotting further expansion as sales at the business have surpassed €2.1bn (£1.77bn) for the first time.
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NewsWaterstones profits have soared as workers return to the office
Waterstones has hailed workers returning to the office, increasing footfall in London and the rebound of international tourism for contributing to its profits quadrupling in its most recent financial year.
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NewsBoohoo shareholders have shot down Frasers Group’s bid to ‘destabilise’ the brand
Fast-fashion giant Boohoo’s shareholders have “overwhelmingly” voted against Frasers Group’s bid to oust founder and group executive vice-chair Mahmud Kamani at today’s general meeting.
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NewsShoe Zone profits slide after ‘year of two halves’
Shoe Zone has reported a fall in annual sales and profits after a good start to the year was followed by a tough second half.
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NewsPoundland owner weighs changes as it calls in advisers
The owner of UK value retailer Poundland has drafted in advisers to explore options to arrest the business’ slump.
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NewsBudget is hurting part-time workers and women, warns Pets at Home boss
The boss of Pets at Home has said the changes to national insurance set out in the budget are damaging opportunities for “young, flexible workers”, part-time workers and women.
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NewsDFS ‘cautiously optimistic’ following profit and sales growth during first half
Furniture retailer DFS has reported profit growth during the first half as it continues to establish position as “the clear market leader”.
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NewsSuperdrug has seen its ‘best Christmas ever’ driven by gift sets and hair care
Superdrug has recorded its “best Christmas ever” as gift sets and hair care saw high sales over the festive period.
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NewsDeliveroo reports ‘strong growth’ at grocery business
Delivery specialist Deliveroo has reported “robust” fourth-quarter trading when its food proposition performed well.
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NewsPoundland suffers sales plunge in Christmas quarter
Value specialist Poundland’s like-for-likes fell in the Christmas quarter, parent Pepco reported.
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NewsDunelm posts ‘solid’ sales growth in challenging conditions
Homewares powerhouse Dunelm has reported a “solid performance” in what it described as a “challenging” and “volatile trading environment.
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NewsBoohoo shareholders are urged to vote against Frasers’ bid to remove Mahmud Kamani once again
Independent proxy adviser Glass Lewis has recommended fast-fashion retailer Boohoo’s shareholders to vote against the demands of Frasers Group at the upcoming general meeting.
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NewsUK high street spend declined as shoppers took part in a ‘cautious Christmas’
UK high streets saw a drop in sales in December as shoppers decided to take a cautious approach to Christmas spending, according to data from Rendle Intelligence and Insights shared exclusively with Retail Week.
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NewsCurrys has raised its profit outlook following ‘strong peak trading’
Electricals giant Currys has raised its profit outlook for the year after boss Alex Baldock hailed “strong peak trading” over the Christmas period.
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NewsBooths has reported record Christmas trading
Independent grocery chain Booths has hailed a record Christmas period, driven by what the retailer said was its service, quality and availability.
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NewsFortnum & Mason outlines investment plans after profits and Christmas sales climb
Landmark department store business Fortnum & Mason intends to invest in a raft of initiatives after reporting a strong annual and Christmas performance.