All City & finance articles – Page 120
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NewsMorrisons Christmas sales rise boosted by traditional festive fare
Morrisons delivered a strong uplift in like-for-like sales over Christmas as shoppers responded to a challenging festive period by buying classic food and drink products.
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NewsFrasers Group snaps up fashion retailer Psyche
Frasers Group has acquired fashion retailer Psyche’s stores and online business for an undisclosed sum.
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NewsOnline fashion retailer Mytheresa reveals IPO plans
Fashion etailer Mytheresa has unveiled plans for a Wall Street IPO.
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NewsTesco chair: Brexit food price changes ‘very modest’
Tesco chair John Allan has said any impact on food prices due to Brexit will be “very modest indeed”, following the news of a deal between the UK and the EU last week.
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NewsThe Hut Group acquires US skincare retailer and UK nutrition suppliers
THG, formerly known as The Hut Group, has acquired US-based firm Dermstore.com, as well as investing in two of its longstanding nutrition product suppliers Claremont Ingredients and David Berryman.
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NewsAnn Summers CVA approved by creditors
Ann Summers has announced that its company voluntary arrangement (CVA) has been approved by creditors following a vote today.
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OpinionRetail’s 12 gifts to the nation in a year like no other
In a miserable year, retailers once again went above and beyond not just to to make life bearable, but to enhance it.
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NewsCard Factory drafts in Willson-Rymer as chief executive
Card Factory has appointed Darcy Willson-Rymer as chief executive, replacing Karen Hubbard who left in the summer.
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NewsDFS profits to come in at upper end of expectations despite disruption
Furniture group DFS expects profits be within the upper half of market forecasts despite Covid disruption and Brexit uncertainty.
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Retail VoiceRetailers have to react to a shift in consumer thinking – it’s essential
The list of products and services that consumers consider ‘essential’ is growing quickly. And with new restrictions limiting many people’s movements, spend on home-related goods, such as kitchen installation and electrical equipment, is on the rise, writes Costa Stathis, head of business propositions at Barclays Partner Finance.
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NewsChancellor extends furlough scheme until end of April 2021
Chancellor Rishi Sunak has extended the furlough scheme for another month, meaning it will now end in April 2021.
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NewsConsumer confidence rises in time for Christmas
After reaching a six-month low in November, consumer confidence climbed this month as the UK entered the festive season.
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NewsWatches of Switzerland profits rise as online sales surge
Watches of Switzerland has clocked up an increase in half-year profits following a surge in online sales during the coronavirus pandemic.
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NewsNew Asda owners set to sell off £1.2bn distribution network
Asda’s new owners the Issa brothers have reportedly drafted in advisers to ready the sale of the supermarket’s logistics portfolio.
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NewsDixons Carphone interim sales surge sparks profit climb
Dixons Carphone has reported an uplift in profits at the half-year mark bolstered by strong sales growth which boss Alex Baldock attributes to “grit and skill” of staff.
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NewsH&M sales slide as second wave hinders recovery
H&M has reported a decline in sales in the fourth quarter as a second wave of the coronavirus pandemic impeded its recovery.
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NewsJD Sports acquires US footwear retailer Shoe Palace
JD Sports has announced the acquisition of American shoe retailer Shoe Palace in a bid to increase its exposure on the US west coast.
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NewsUS giant circles Arcadia and Debenhams for ‘double takeover’
The owner of US department store Barneys has emerged as a potential buyer of both Arcadia and Debenhams.
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NewsTopshop administrators seek up to £200m for flagship Arcadia brand
Topshop’s administrators hope for offers of up to £200m for the business, the jewel in the crown of Sir Philip Green’s Arcadia fashion empire.
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NewsOcado ups profit guidance as fourth quarter sales surge
Ocado has said it now expects its full-year EBITDA to surpass £70m following a quarter of “exceptional demand” and strong sales growth.