Latest finance news – Page 550
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NewsBlue Inc plots expansion ahead of possible flotation
Menswear retailer Blue Inc has laid down plans to open 20 stores next year ahead of a possible flotation or share placing.
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NewsJD Sports sales edge up
JD Sports Fashion said sales have marginally increased and profit margins have been maintained since its last update in September.
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NewsFrench Connection like-for-like sales drop 6.1%
French Connection said UK and European like-for-like retail sales dropped 6.1% in the 15 weeks to November 13, with womenswear struggling during the period.
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NewsBurberry pre-tax profits rocket 50%
Pre-tax profits at Burberry rocketed nearly 50% to £129m in the six months to September 30, as the luxury giant fine-tuned its stock replenishment system.
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NewsHalfords recruits Marks & Spencer man as finance director
Bikes and car accessories specialist Halfords has named Andrew Findlay its new group finance director.
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NewsMajestic Wine profits up 20%
Majestic Wine has reported pre-tax profit up 20% to £7.3m in its interim results as the specialist becomes more accessible to new customers.
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NewsPawnbroker Albemarle & Bond makes progress with store openings
Pawnbroker and jeweller Albemarle & Bond reported that trading is in line with expectations and its store opening programme is on track.
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NewsFat Face starts rolling out ranges after overhaul of its product offer
Lifestyle retailer Fat Face has overhauled its product offering as part of new chief executive Anthony Thompson’s turnaround strategy.
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NewsBrightHouse eyes best Christmas since 2007
Rent-to-own electricals and furniture retailer BrightHouse is looking forward to its best Christmas for three years after revealing another strong trading performance in its first half.
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NewsM&S and JS profits fail to boost retail shares
Food and general retailers both underperformed the market, despite profit advances reported by Marks & Spencer and Sainsbury’s.
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NewsMorrisons like-for-likes grow 1.3%
Morrisons expects shoppers to treat themselves at Christmas and then for the focus to return to value in 2011.
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NewsTheo Fennell nears return to black as losses narrow
Upmarket jeweller Theo Fennell narrowed its losses in the first half and analysts expect it to bounce back into the black by the end of the financial year.
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NewsCarphone on song thanks to US mobile venture
Analysts upgraded their Carphone Warehouse forecasts after a powerful first-half performance from US venture Best Buy Mobile.
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NewsRising cotton prices threaten Primark’s hard-won margins
Value fashion giant Primark improved operating margins from 10.9% to 12.5% last year but has warned that they may shrink again as cotton prices soar.
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NewsIkea slashes prices in chase for market share
Furniture giant Ikea UK & Ireland is to focus on growing turnover and market share at the expense of profits as it navigates its way through a challenging big-ticket market.
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NewsFeelunique.com guns for growth in bid to dominate online beauty
Etailer Feelunique.com is gunning to become the “household name for beauty products” as it lays out its growth strategy for the next five years.
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NewsJJB issues profit warning
JJB Sports has issued a profit warning after like-for-like sales in its current trading period were lower than anticipated.
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NewsNew Look profits suffer in challenging conditions
Value fashion retailer New Look suffered stuttering profits and a like-for-like sales fall during its first half, but it increased market share and total sales.
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NewsSales fall at WHSmith
Bookseller and stationer WHSmith said it was trading in line with expectations despite a sales fall at both divisions.
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NewsRose sells shares as Bolland outlines vision
Marks & Spencer chairman Sir Stuart Rose sold 100,000 of his shares in the retailer yesterday – the day his successor Marc Bolland set out his vision for the business.