All City & finance articles – Page 163
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NewsAsda profits surge as price and quality focus pays off
Asda has reported a rise in annual profits as improvement initiatives at the Walmart-owned grocer bore fruit.
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NewsAgenda: Next, Kingfisher and Ocado update the market
Retail Week looks ahead to the next seven days with updates from Next, Kingfisher and Ocado all on the agenda.
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NewsForever 21 vows to keep ‘vast majority’ of US stores
Forever 21 has vowed to continue operating “the vast majority” of its US stores despite suggestions it is about to file for bankruptcy.
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NewsTopshop losses balloon to £500m as sales tumble
Topshop and Topman have slumped to a loss of more than half a billion pounds after suffering a fall in sales and booking a raft of one-off charges.
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NewsPPI claims rocket ahead of August deadline, says N Brown
Online retailer N Brown reported a “significant increase” in PPI information requests and complaints (PIRs) in the lead up to the claims deadline of August 29.
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NewsZara owner Inditex posts strong growth in first half
Zara owner Inditex’s half-year like-for-likes jumped 5% as it reported record sales and profits.
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NewsSports Direct implores big four auditors to reconsider snub
Sports Direct has reportedly pleaded with Deloitte, PwC, EY and KPMG to pitch for its audit contract after warning that a smaller firm would not be able to perform the role.
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NewsAmazon Europe awarded €241m in tax credits last year
Amazon was awarded €241m in tax credits last year which can be deducted from bills it receives for its European arm of the business.
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NewsMike Ashley joins race for Links of London
Mike Ashley is continuing his high street retailer shopping spree and has his sights set on Links of London.
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NewsIntu circled by buyout firms as it faces £1bn debt crunch
Retail property giant Intu is reportedly being considered for a private equity buyout by Orion Capital Managers.
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NewsPrimark full-year sales rise driven by bricks-and-mortar expansion
Primark has recorded an uplift in full-year sales across the UK, Europe and the US as the fashion retailer’s expansion drive offset like-for-like declines.
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NewsNaked Wines shareholders approve Majestic sale
Naked Wines shareholders have rubber-stamped plans to sell the Majestic Wine business to US private equity firm Fortress.
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NewsAgenda: John Lewis, Primark, JD Sports and Morrisons update
Retail Week looks ahead to the next seven days with updates from John Lewis, Primark, Morrisons and JD Sports all on the agenda.
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NewsArcadia reports massive losses as scale of group’s problems revealed
Arcadia posted large losses and sales fell, while costs occurred from its battle with landlords bit into profitability, its latest full-year accounts disclose.
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NewsDixons Carphone shareholders revolt over executive pay
Dixons Carphone has said it will consult with its shareholders after being hit with a stinging revolt over the pay of its leadership team.
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OpinionLeader: For M&S and retail, this is not just any FTSE reshuffle
For decades, Marks & Spencer has been a mainstay not just on British high streets, but in the FTSE 100.
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NewsBoohoo raises full-year guidance after ‘strong revenue growth’
Fast-fashion etailer Boohoo has grown faster than expected this year and expects sales to exceed previous guidance.
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NewsBoden boss Jill Easterbrook to step down at year-end as profits rise
Boden chief executive Jill Easterbrook will step down at the end of the year as the retailer warns that current trading has been hit by “ongoing consumer uncertainty”.
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NewsDixons Carphone sales rise despite struggling mobile division
Dixons Carphone has posted increased like for likes during its first quarter as chief executive Alex Baldock said the retailer was “on track with trading this year”.
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AnalysisAnalysis: Have the wheels come off Halfords’ new strategy?
Halfords has unveiled a disappointing trading update and downgraded its profit guidance for the second time in 12 months.