All City & finance articles – Page 135
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OpinionMatt Truman: ‘The UK should focus on becoming champions of the internet’
I was humbled recently to be asked by the government to contribute future policy recommendations to supercharge post-Brexit growth.
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NewsKingfisher profits and sales soar off back of strong Covid trading
Home and DIY giant Kingfisher has reported soaring profits and sales in the last year, with chief executive Thierry Garnier confident of its “continued outperformance” of the market.
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NewsChancellor to delay decision on UK online sales tax
Chancellor of the exchequer Rishi Sunak is set to delay any final decision on a UK online sales tax to the autumn and will take his lead from whether the US supports the reform.
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NewsAsda chief executive Roger Burnley to step down following £6.8bn takeover
Asda boss Roger Burnley is set to step away from the grocer next year, following the recent £6.8bn takeover of the business by the Issa brothers.
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NewsConsumer confidence rises for third month as end of lockdown nears
Consumer confidence increased in March as the vaccine rollout continued and the end of lockdown grew nearer.
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NewsEve Sleep cuts losses as turnaround strategy bears fruit
Online retailer Eve Sleep has reduced annual losses and said its recovery programme is ahead of schedule.
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NewsOcado sales climb as customers add M&S lines to baskets
Online grocer Ocado has reported a surge in quarterly sales, helped by demand for food from joint venture partner Marks & Spencer.
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AnalysisAnalysis: How Greggs is looking towards the future of food-to-go
Beloved UK high street baker Greggs has been hit hard by lockdown store closures and changing customer behaviours. Retail Week analyses how the business is future-proofing itself
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NewsJust Eat profits soar as order numbers rise in lockdown
Just Eat Takeaway.com has reported a “strong improvement” in profits as order and active customer numbers grew across multiple markets.
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NewsZalando targets bigger share of European market after stellar year
Zalando has upgraded its ambitions to take a larger share of the European fashion market as sales soared over the past year.
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NewsScS profits rise as pent-up demand boosts sales
ScS has registered upticks in profits and sales as pent-up demand during the coronavirus crisis drove “record” first-half performance.
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NewsGreggs tumbles into the red but hails ‘progressive recovery’ in sales
Greggs has swung to a full-year loss following a slump in sales during the coronavirus pandemic.
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AnalysisAnalysis: Could customers become your most important investors?
After Deliveroo revealed it would be making £50m worth of shares available to customers, could consumers become important investors in retailers?
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NewsIn The Style makes stock market debut as Deliveroo prepares for float
In The Style has launched on the London Stock Exchange’s junior AIM market today as Deliveroo unveiled further details of its upcoming IPO.
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NewsJD Sports ramps up spending spree with swoop on Poland’s MIG
JD Sports has snapped up a controlling stake in Polish sports fashion business Marketing Investment Group (MIG) as it continues its aggressive acquisition spree.
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AnalysisIs John Lewis at risk of becoming a ‘middle-class Argos’?
John Lewis Partnership’s first full-year loss in its history revealed the scale of disruption affecting the retailer, particularly its eponymous department store division.
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NewsJohn Lewis swings into the red with permanent store closures imminent
John Lewis has reported a sharp decline in profits during the pandemic, meaning chair Sharon White “does not expect to reopen all John Lewis shops at the end of lockdown”.
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NewsMorrisons sales rise but profits battered by relief repayment
Morrisons has recorded an uptick in like-for-like sales during the year where the grocer’s “resilience has been severely tested”.
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NewsZara owner Inditex posts sales and profit fall in ‘challenging year’
Fashion giant Inditex’s executive chair Pablo Isla said the business has “emerged stronger” from the coronavirus pandemic despite suffering a slump in full-year profits.
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AnalysisSuper-deduction: what it is and the retailers that could benefit
As part of the Budget last week, chancellor Rishi Sunak unveiled a ’super-deduction’ allowance to provide relief for certain businesses – but what does it mean for retail?