Latest finance news – Page 524
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NewsOcado posts first interim pre-tax profit and strikes deal with Carrefour
Online grocer Ocado has reported pre-tax profitability in its first-half and struck a deal with French giant Carrefour to distribute selected goods in the UK.
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NewsHome Retail confirms Habitat deal, but rest of UK business enters administration
Home Retail Group has confirmed that it has bought some parts of Habitat UK for £24.5m, but the rest of the business has entered administration.
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NewsTesco needs to ‘explain’ UK strategy
Tesco was scheduled to host analysts on a trip to eastern Europe at the time of publication, but broker MF Global warned that the grocer should devote more time to telling the City how it will fix the UK business.
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NewsHaldanes enters administration
Haldanes has gone into administration with 600 employees being made redundant.
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NewsHobbs secures £46.5m funding to accelerate expansion
Womenswear retailer Hobbs has secured £46.5m funding to accelerate brand development and retail expansion.
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NewsBest Buy rumoured to be mulling Dixons bid
US electrical giant Best Buy is rumoured to be sizing up a bid for UK rival Dixons.
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NewsTesco shareholders urged to cut "excessive" pay
Tesco investors have been urged to vote against the grocer’s remuneration report by shareholder advisory group Pirc.
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NewsSuperGroup seeks to rally investor support
SuperGroup, the young fashion business, met with analysts yesterday to allay investor concerns that its Superdry brand has become overexposed.
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NewsJD Sports acquires Cecil Gee and Spanish sports retailer Sprinter
JD Sports has acquired menswear retailer Cecil Gee and a controlling stake in Spanish sports retailer Sprinter.
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NewsMoss Bros like-for-likes up 13.4% as it disposes of Cecil Gee
Menswear retailer Moss Bros like-for-likes surged 13.4% in the 20 weeks to June 18.
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NewsSuperGroup reports business 'on track' and confirms Regent Street opening
Fashion retailer SuperGroup reported that retail sales have improved in the last three weeks and are running overall at about the same level as in the fourth quarter, when they rose 39%.
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NewsCity speculates on Abercrombie bid for SuperGroup
US retailer Abercrombie & Fitch may be interested in acquiring trendy fashion retailer SuperGroup, City speculators believe.
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NewsCity takes dim view of retailers’ mixed results
General retailers and grocers alike were down as a wide range of stores reported a mixed trading picture.
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NewsMajestic maintains its fizz despite flat market
Majestic chief executive Steve Lewis said it was “very much our time” as the wine specialist reported pre-tax profits up 26.6% to £20.3m in the year to March 28.
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NewsGame shareholders revolt over pay
Shareholders in entertainment specialist Game staged a revolt against the retailer’s remuneration stance at yesterday’s AGM.
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NewsGame sales decline prompts downgrades from analysts
Game group like-for-likes dropped 11.3% in the 19 weeks to June 11 as the retailer was hit by a worse than expected decline in the games market.
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NewsSainsbury's like-for-likes up 1.9%, but warned of tough outlook
Sainsbury’s has reported like-for-like sales in its first quarter excluding petrol up 1.9% in the 12 weeks to June 11, and warned the market remains very competitive reflecting the challenging economic backdrop.
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NewsInflation remains unchanged at 4.5% in May
Inflation remained unchanged at 4.5% in May, according to the Office for National Statistics (ONS).
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NewsTed Baker sales soar ahead of expectations
Premium fashion retailer Ted Baker has beaten analysts’ expectations, posting a 15.2% rise in group revenue for the 19 weeks to June 11.
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NewsReuben brothers take £2m stake in Blue Inc
Billionaire investors the Reuben brothers have taken a holding in fashion retailer Blue Inc, it is understood.