Latest finance news – Page 611
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NewsCarpetright posts like-for-like sales rise
Carpetright, the market leading floor coverings retailer, has posted the first quarterly like-for-like sales rise at its core business since the fourth quarter of 2007/08.
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NewsTopps Tiles like-for-likes drop 10.9 per cent
Topps Tiles like-for-likes slumped 10.9 per cent in the 18 weeks to August 1 as declining consumer confidence continued to knock the retailer.
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JD Sports buys rugby brand Canterbury Europe
JD Sports Fashion has bought rugby brand Canterbury Europe from administration.
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NewsWhole Foods makes £35.9m loss in UK
Upmarket grocer Whole Foods Market made a £35.9m loss in the UK last year, according to accounts filed at Companies House.
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NewsMarks & Spencer could add £1bn to earnings by 2014
Marks & Spencer could add £1bn to earnings by 2014, according to a note issued by Goldman Sachs.
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NewsWyevale rebrands to return to its roots
The Wyevale Garden Centre name will almost disappear as the garden specialist ploughs ahead with a major rebranding to return it to its “horticultural roots”.
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NewsKitchen sales up at Wickes as Travis Perkins out performs
Wickes owner Travis Perkins revealed that the group has performed ahead of expectations in the six months to 30 June, despite the brutal downturn in the property market.
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NewsGovernment thinks again as credit insurance scheme fails
The Government is reassessing its credit insurance top-up scheme as it emerged only a handful of businesses have taken up the scheme.
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NewsFlying Brands improves trading after cost efficiency programme
Multichannel retailer Flying Brands has reported improved trading in its interim results as it reaps the benefits from its cost efficiency programme.
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NewsJohn Lewis ends Sale on a high
John Lewis reported a strong week of trading as the last day of its clearance Sale helped it achieve sales up 6.3 per cent.
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NewsRiver Island’s record year
Young-fashion powerhouse River Island has defied the market to deliver record sales and profits for the year to the end of December.
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NewsFeather & Black defies gloom with refocus
Bed specialist Feather & Black has defied the gloom in the battered furniture sector, revealing a like-for-like sales uplift of 10 per cent in the four months to July 30.
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NewsJoules eyes Dubai as it plans overseas stores
Lifestyle and fashion retailer Joules has set its sights on international expansion as its sales continue to soar.
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Book Depository to take on US market
Online retailer The Book Depository has revealed a 50 per cent hike in revenue to £62m in the year to June 30 as it lays out plans to take on the £9bn US book market.
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NewsJJB Sports grilled over stock by Sports Direct at AGM
JJB Sports faced a dramatic showdown at its AGM in Wigan last week when representatives of Sports Direct founder Mike Ashley, who has been embroiled in a loan row with JJB chairman Sir David Jones, turned up to question the board on its stock position.
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NewsKingfisher charms City with Q2 numbers
Kingfisher impressed the City with its pre-close second-quarter update as gains in the UK and Poland helped lift group sales.
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NewsCarphone Warehouse in line to meet expectations
Carphone Warehouse has beaten first-quarter revenue forecasts and said it is on track to meet full-year market expectations.
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NewsBlacks progress hit by profit warning
Struggling outdoor retailer Blacks Leisure has agreed an extension on its working capital facility but “one-off impacts” forced it to issue a profit warning.
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NewsRetail lags market despite City upgrades
The FTSE’s record 11-day rally came to an end on Tuesday and retail underperformed the market as good official sales figures and reassuring trading updates were cancelled out by a bearish view on the sector released by credit rating agency Fitch.
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NewsFindel initiates share placing to tackle debts
Home shopping group Findel has begun an £81m capital raising to help reduce debt and assist it with future growth.