Latest finance news – Page 387
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NewsMarks & Spencer unveils China expansion as Asia boss steps down
Marks & Spencer has unveiled plans for further expansion in China on the same morning it was revealed its head of Asia quit the retailer.
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NewsTK Maxx airs its first ever Red Nose Day TV advert
TK Maxx aired its first ever TV advert for Red Nose Day during the week, starring singer Lily Allen wearing a charity T-shirt.
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NewsBillionaire Buffett admits 'embarrassment' over Tesco investment
Billionaire investor Warren Buffett has admitted he is “embarrassed” for taking too long to exit a £1.5bn investment in supermarket giant Tesco.
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NewsSports Direct faces City backlash over search for finance director
Sports Direct is facing growing unrest among its shareholders over the retailer’s ongoing search for a new finance director.
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NewsTPG 'in advanced talks' over £120m deal to acquire Poundworld
TPG is reportedly in advanced talks to buy Poundworld in a deal that could be worth more than £120m.
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NewsGame Digital acquires games festival organiser Multiplay for £20m
Video games retailer Game Digital has acquired games festival organiser Multiplay for £20m as it seeks to improve its fortunes.
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NewsBreakfast Briefing: Retail news on Poundworld, Morrisons, Sports Direct, Tesco and more
Retail news round-up on March 2, 2015: TPG could acquire Poundworld, Dunelm founder buys Morrisons stake, investors concern over Sports Direct’s delay on finance director and more.
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NewsAldi's brand value surges 11% as it surpasses Tesco
Aldi’s brand value rose 11% to £9.2bn in the past year, making it more valuable than Tesco whose brand value plummeted by £3.6bn this year.
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NewsTarget security costs reached $162m following 2013 data breach
Target has revealed its 2013 security breach, which compromised customer data, has cost the business $162m (£105m).
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NewsCo-op drafts in finance chief and reveals new heads of IT and communications
The Co-operative Group has confirmed that it has hired a new chief financial officer, but cannot reveal their name due to confidentiality clauses.
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NewsJC Penney shares take a hit after posting unexpected loss
US department store group JC Penney saw its shares take a tumble last night after the retailer posted lower than expected results.
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NewsConsumer confidence remains constant for February
Consumer confidence has remained at 1 for February, according to GfK’s UK Consumer Confidence Index, following a slip in December 2014.
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NewsInfographic: John Lewis reports strong sales, while Waitrose lags
Department store retailer John Lewis recorded an increase in sales in the week to February 21, with a strong performance from home and fashion.
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NewsBreakfast Briefing: Retail news on Tesco, B&Q and Carphone Warehouse
Retail news round-up on February 27, 2015: Tesco left with just one woman on the board, B&Q accused of pay-to-stay threats and Carphone Warehouse Ireland back in black
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NewsHouse of Fraser to ask suppliers for 20% discount on orders
House of Fraser is introducing a buying scheme that will seek discounts of up to 20% from suppliers if the retailer ups the size of wholesale orders.
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NewsCountrywide Farmers reports increase in half-year sales
Rural supplies retailer Countrywide Farmers recorded a like-for-like sales increase of 2.2% to £138.8m in the six months to November 30, 2014.
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NewsTK Maxx owner TJX profits rise 11% as it unveils plan to raise staff wages
TK Maxx owner TJX reported a rise in fourth-quarter profits as it revealed plans to raise its minimum wage to up to $10.
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NewsAnn Summers' sales surge following launch of Fifty Shades of Grey film
Ann Summers has witnessed a surge in sales as customers bought handcuffs and products featured in new film Fifty Shades of Grey.
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NewsAo.com boss downplays profit warning as 'bump' in the road
Ao.com chief John Roberts has described the retailer’s profit warning as a “bump” in the road and still expects 20% sales growth next year.
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NewsShop Direct makes head office job cuts as new technology renders roles redundant
Shop Direct has made head office redundancies after implementing new technology which has made some roles obsolete.