Latest finance news – Page 359
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NewsNew Look half-year sales boosted by new standalone men's stores
Fashion retailer New Look has reported a healthy rise in half-year profits and sales, with its first standalone menswear stores performing strongly.
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NewsSex toy etailer Lovehoney full-year sales and profits soar
Sex toy etailer Lovehoney has revealed a 53% jump in full-year sales fuelled by the continuing popularity of Fifty Shades of Grey.
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NewsSports Direct calls for Findel general meeting over director appointment
Sports Direct has requested a general meeting be convened by home shopping group Findel to consider a director appointment.
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NewsMatalan downgraded by credit ratings agency S&P after profits plunge
Ratings agency Standard & Poor’s has downgraded value clothing and homewares retailer Matalan’s risk profile from weak to vulnerable.
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NewsAgenda: Kingfisher update, Sainsbury's and Halfords report interims
November 9-13, 2015: Retail Week looks ahead to the next seven days, with updates from Kingfisher, Sainsbury’s and Halfords all on the agenda.
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NewsFrench retailer Fnac agrees key terms with Darty in takeover deal
French entertainment and electricals specialist Fnac has agreed terms over a deal to acquire its domestic rival Darty.
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NewsBreakfast briefing: Retail news on John Lewis, Argos and Booths
Retail news round-up on November 6, 2015: John Lewis unveils £7m Christmas TV advert, Argos launches own same-day delivery and Booths’ solid results.
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NewsMorrisons boss Potts argues price matching is wrong approach
Morrisons boss David Potts has said it has moved away from price matching as it aims to be recognised for its friendly staff, fresh food and good value.
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NewsMorrisons like-for-likes drop 2.6% in third quarter as it cuts voucher activity
Morrisons recorded another fall in like-for-likes during its third quarter as it continues to invest in price and reduces its voucher activity.
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NewsSuperGroup like-for-likes surge as it appoints global retail director
SuperGroup like-for-likes surge in the second quarter against weak comparatives as it hires a global retail director to strengthen its logistics.
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NewsM&S signs up 1.8m Sparks members as customers shrug off data fears
M&S has so far signed up 1.8 million shoppers to its Sparks membership scheme and a website data scare has not hit applications to join.
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NewsMarks & Spencer half-year update: What the analysts say
M&S reported a 6.1% jump in underlying pre-tax profit during its first half, but non-food sales slipped. This is what the analysts said.
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NewsMarks & Spencer half-year profits rise but non-food sales slip again
Marks & Spencer has reported a 6.1% jump in underlying profit during its first half, but sales slipped again in its troubled non-food division.
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NewsBreakfast briefing: Retail news on business rates, shop prices, Burberry and more
Retail news round-up on November 4, 2015: Burberry’s £50m investment for new trench coat factory, shop prices down and business rates bill.
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News‘Black Friday in the UK is pointless,’ says Primark boss George Weston
Primark will run Black Friday promotions in the US but boss George Weston believes taking part in the event in the UK is pointless.
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NewsSelfridges Group acquires Irish department store rival Arnotts
Department store business Selfridges has acquired Irish rival Arnotts from owner Fitzwilliam Finance Partners for an undisclosed sum.
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NewsBreakfast briefing: Retail news on Selfridges, All Saints and Stradivarius
Retail news round-up on November 3, 2015: Selfridges snaps up Irish department store Arnotts; All Saints’ profit up 41%; and Stradivarius enters Northern Ireland.
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NewsPaperchase secures £50m deal to drive domestic and international growth
Investment to drive Paperchase’s domestic and international growth comes just months after the owner rules out selling the retailer.
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NewsSelfridges posts record profits as it embarks on Oxford Street investment
Department store business Selfridges has posted record annual profits and expects continued strong performance as it overhauls its flagship store.
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NewsHarrods pre-tax profits up 4.2% despite "tough conditions"
Luxury department store Harrods has reported a 4.2% rise in full-year pre-tax profits despite “tough trading conditions” in which sales fell.