Latest finance news – Page 511
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NewsArcadia takes margin hit as it shoulders VAT rise
Topshop-owner takes heart from young fashion, online and overseas despite fall in profits
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NewsStore sector suffers as market plummets
Store stocks took a pummelling over the week although they did not fall as steeply as the wider market.
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NewsAsda: UK families have £13 less to spend
UK families’ spending power fell £13 a week on last year, according to Asda.
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NewsDixons group losses widen despite improved UK performance
Electricals group Dixons underlying pre-tax losses widened from £6.9m to £25.3m in the 24 weeks to October 15 however the UK performance strengthened in the period.
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NewsKingfisher boss launches green task force
Kingfisher boss Ian Cheshire is to lead an independent task force aimed at finding new opportunities for UK businesses to drive green economic growth.
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NewsJD Sports preparing for "tough" Christmas
JD Sports Fashion has revealed flat like-for-likes in the 16 weeks to November 19.
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NewsSignet UK reports flat third quarter like-for-likes
Jeweller Signet’s UK like-for-like sales edged down in the the third quarter.
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NewsChristmas discounting to hit recessionary levels
Retail casualties expected as heavy discounting hits margins in the golden quarter.
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NewsDwell posts EBITDA profit despite tough trading in furniture sector
Furniture chain Dwell has bounced back into the black at an EBITDA level as sales grew in the year to January 28 despite a punishing big-ticket market.
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NewsHalfords to cut costs with stores shake-up
Halfords is aiming to make cost savings on its property portfolio as 150 leases come up for renewal.
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NewsGlimpses of positivity despite shares slide
Stores shares were down slightly compared with the previous week, when they had advanced following the dramatic events and reams of interim results from major retailers.
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NewsDeloitte forecasts zero Christmas retail growth
Deloitte has forecast zero growth in total Christmas retail sales as austerity measures finally take hold.
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NewsMothercare chairman launches review after first-half losses
Mothercare chairman Alan Parker marked his first 100 days in office by reporting an interim loss and launching a review of the ailing UK business.
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NewsGame downgrades sales forecasts in “extraordinary economic times”
Game has revealed a like-for-like sales fall of 8.6% in the 41 weeks to November 12 as the retailer suffers in “extraordinary economic times”.
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NewsAsda like-for-likes up 1.3% in Q3
Asda like-for-likes excluding fuel and VAT increased 1.3% in its third quarter to September 30.
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News'Retail does its bit' as inflation falls in October
Inflation in October dropped by 0.2 percentage points across both the Consumer Price Index (CPI), and the Retail Price Index (RPI), settling at 5% and 5.4% respectively as supermarkets push prices down.
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NewsBurberry half year profits surge 26%
Burberry adjusted pre-tax profit jumped 26% to £161.6m in the six months to September 30, in half year results published today.
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NewsBrightHouse refinances
BrightHouse has completed its debt refinancing, resulting in more than £100m of senior debt facilities that it will use for repayment of existing financing and working capital.
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NewsBolland and King highlight changing shopper behaviour
M&S and Sainsbury’s aim to ensure consumer demand for quality and value is effectively met.
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NewsDrama dominates as Kesa sells Comet
Stores shares advanced across the board in a week dominated by dramatic corporate action and results from some of the industry’s biggest names.