Latest finance news – Page 391
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NewsSir Philip Green will need all his deal-making prowess to sell BHS, observers believe
A successful sale of BHS will rely on all of owner Sir Philip Green’s legendary deal-making prowess, industry sources believe.
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NewsTesco: Details of store closures revealed as 2,000 jobs face axe
Tesco has revealed the locations of the 43 stores, nearly half of which are Express branches, that will close in an attempt to cut costs.
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NewsAsda income tracker shows family spending power reaches record levels
Family spending power is at its highest level since the tracker began six years ago and will continue to rise in 2015, according to economists.
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NewsApple smashes record for biggest quarterly profit in history
Apple has reported the biggest ever quarterly profit by a public company after strong sales of its new iPhone 6 smartphone.
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NewsIkea profits flatline as it pours extra investment into staff bonuses
Ikea’s profits remained static at €3.3bn (£2.5bn) during the 2014 financial year as it increased the bonuses it handed out to workers by €98m (£73m).
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NewsConsumer spending at its highest level for three years, Deloitte says
Consumer spending on non-essential items has reached its highest level for three years thanks to falling fuel and food prices.
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NewsThe number of retail profit warnings doubled in 2014
The amount of profit warnings from the retail industry nearly doubled last year, with the grocery sector leading the charge, research has found.
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NewsCarpetright trading improves in Q3 after new Boxing Day promotions
Carpetright has reported like-for-like sales up 7.5% in the UK in its third quarter following new Boxing Day offers.
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NewsBreakfast briefing: Retail news on Tesco and Uniqlo
Retail news round-up on January 27, 2015: Tesco to close Blinkbox Books; and Uniqlo to enter the Canadian market.
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NewsMade.com annual sales surge as it approaches £100m flotation
Made.com has reported a surge in annual sales as it gears up for a stock market flotation that could value the business at over £100m.
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NewsKaren Millen losses widen to £6.1m in full year to March 2014
Full-year pre-tax losses widened to £6.1m at Karen Millen after it invested in its stores, improved its ranges and bolstered marketing.
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NewsAnalysis: What does the future hold for Arcadia's BHS?
As Sir Philip Green signals his intention to sell loss-making BHS, Retail Week considers who might be in the running to take on the retailer.
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NewsCard Factory weighs up acquisition bid for upmarket rival Paperchase
Card Factory is considering placing a bid for upmarket rival Paperchase, which was put up for sale in October with a £150m asking price.
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NewsMike Ashley eyes Evans Cycles acquisition to bolster Sports Direct business
Sports Direct boss Mike Ashley is competing against a number of retail names in a bid to buy Evans Cycles.
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NewsSir Philip Green puts loss-making BHS business up for sale
Sir Philip Green has put BHS up for sale after receiving a number of takeover bids for the loss-making retailer.
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NewsBreakfast briefing: Retail news on BHS, Evans Cycles, Paperchase and more
Retail news round-up on January 26, 2015: Sir Philip Green to sell BHS; Mike Ashley in running to buy Evans Cycles; Card Factory considers Paperchase bid; and David Potts in pole position for Morrisons job.
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NewsDFS and ScS prepare for £1bn and £70m stock market floats
Sofa specialists DFS and ScS are gearing up for a stock market flotation that would value the companies at £1bn and £70m respectively.
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NewsNotcutts Christmas like-for-likes jump 11.8% as it unveils new chairman
Garden centre group Notcutts has reported record-breaking Christmas sales after its like-for-likes rocketed 11.8%.
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NewsB&M reports strong Christmas as like-for-like sales rise 4.5%
Value chain B&M Bargains has revealed UK like-for-like sales increased 4.5% in the 13 weeks to December 27.
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NewsOriginal Factory Shop delivers record-breaking festive figures
Original Factory Shop has reported record-breaking Christmas trading figures, driven by sales of festive gifts.