Latest finance news – Page 367
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NewsNew Look posts earnings rise and details menswear store plans
New Look has reported a rise in first-quarter sales and earnings, and detailed plans for standalone menswear stores.
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NewsAlibaba acquires 20% stake in electricals retailer Suning in £2.9bn deal
Chinese etail giant Alibaba is investing $4.6bn (£2.9bn) in electronics chain Suning, one of the country’s largest bricks-and-mortar retailers.
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NewsPet Supermarket parent files notice of intention to appoint administrator
Kokoba, the parent company of pet product etailers MedicAnimal and Pet Supermarket, has filed a notice of intention to appoint an administrator.
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NewsInfographic: John Lewis and Waitrose report sales increases in first half
John Lewis sales increased 4.2% last week after a “lively” start to the week and Waitrose reported a boost from the Great British Bake Off.
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NewsMajestic Wine names Naked Wines’ James Crawford as group finance chief
Majestic Wine has appointed James Crawford to the position of chief financial officer as the retailer enters a “growth phase”.
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NewsEtsy shares fall following warning that currency rates could hit results
Etsy shares tumbled 13% after the online marketplace warned that its third-quarter results could be hit by currency exchange rates.
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NewsShop prices drop for 27th consecutive month despite food edging up
Retail prices fell 1.4% in July compared with last year, marking the 27th consecutive month of retail price deflation.
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NewsWickes profits rise as online sales and range reviews gain traction
Travis Perkins’ consumer arm, which is dominated by Wickes, has reported a 13.9% jump in adjusted operating profit to £41m for the first half of 2015.
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NewsTM Lewin management buys remaining 20% stake in the business
TM Lewin management, backed by Bain Capital affiliate Sankaty Advisors, has bought out Caird Capital’s 20% stake in the business.
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NewsCarrefour turnaround boosted by first half Latin America and Europe sales
Carrefour is making solid progress with its turnaround following strong first-half performances in European and Latin American.
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NewsThorntons shareholders urged to accept Ferrero offer 'without delay'
Ferrero has extended the offer deadline to Thorntons’ remaining shareholders for a third time as it seeks to take full control of the retailer.
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NewsJD Sports signals higher than expected profits as trainers fly off shelves
JD Sports expects profits to come in 10% ahead of expectations after a strong first half in which like-for-likes beat forecasts.
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NewsInfographic: John Lewis revenues surge 10.2% as clearance Sale ends strongly
John Lewis recorded a sales surge for the week ending 25 July after furniture performed well and its clearance Sale ended well.
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NewsGrexit meltdown fears damage consumer confidence in July
Consumer confidence dropped in July as a result of concerns about a potential financial meltdown caused by instability in Greece.
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NewsBreakfast briefing: Retail news on GfK consumer confidence and Amazon
Retail news round-up on July 31, 2015: UK consumer sentiment dips in July and ex-Top Gear hosts sign up for show on Amazon’s streaming service.
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NewsLloydsPharmacy owner Celesio reports 25% jump in profits
Celesio has recorded a 25% jump in first-quarter earnings, which were boosted by strong performances in the UK, Norway and Italy.
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NewsFindel reports 'solid' start to year as sales rise 1.9% in first quarter
Findel has reported a “solid” start to the year as total sales increased 1.9% in the 17 weeks to July 24.
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NewsBonmarché like-for-like decline slows 'despite inconsistent weather'
Bonmarché like-for-likes slipped 0.7% in the 13 weeks to June 27, an improvement on the fall of 3.3% recorded in the previous quarter.
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NewsPets at Home hit by 'poor' health sales after warm weather in July
Pets at Home’s like-for-like growth dropped dramatically after poor sales of health and hygiene products and “very hot weather” in July.
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NewsMcColl's first-half profits rise despite 'very challenging' period
McColl’s has reported an improvement in first-half earnings despite a 1.9% slip in like-for-like sales.