All City & finance articles – Page 2
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NewsAsda vows to ‘double down’ on strategy as like-for-likes slide
Asda has vowed to double down on its ‘Formula for Growth’ strategy, even as its total revenues and like-for-like sales dropped in the third quarter.
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InterviewQ&A: Halfords CEO Henry Birch on the Budget, AI and Black Friday
Halfords has posted growth in both profits and sales, driven by a strong performance from its cycling business. Chief executive Henry Birch spoke to Retail Week about his reaction to yesterday’s Budget, how the retailer is implementing AI and what the consumer sentiment is like ahead of Black Friday
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NewsRevolution Beauty blames profit warning on previous management
Revolution Beauty has blamed its latest profit warning on previous management and said it has been “encouraged” by the progress made since its founders returned to the business.
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NewsHalfords delivers profits and sales growth as cycling business leads the way
Halfords has announced growth in both profits and sales, driven in particular by a strong performance from its cycling business.
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NewsDebenhams proposes new executive pay policy as balance sheet strengthens
Debenhams Group has proposed a new ‘Group Turnaround Scheme’ remuneration policy for senior executives, as losses at the fashion retailer improved.
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AnalysisWhat’s in the Budget for retail and how has the sector reacted?
Everything unveiled by chancellor Rachel Reeves in today’s [November 26] Budget, and how the retail sector has reacted to it
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NewsGovernment confirms business rates surtax on larger commercial properties
The chancellor has confirmed the government will push ahead with introducing a surcharge on retail property rates above £500,000.
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NewsPets at Home unveils turnaround plan as retail sales continue to fall
Pets at Home boss Ian Burke has unveiled a turnaround plan for its flagging retail business that aims to cut prices and improve its product offering.
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NewsNext offloads land for £54m
Next has offloaded land that it acquired in 2021 to consolidate part of its distribution network for £54.1m.
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GalleryFirst look: Clarks unveils new look fascia on Tottenham Court Road
Footwear specialist Clarks has opened its new look fascia on Tottenham Court Road, calling the store “its most modern retail experience yet”.
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NewsMonsoon Accessorize returns to profit despite ‘tough consumer climate’
Adena Brands, parent company of Monsoon Accessorize, reported a “significant improvement” in trading and a return to profit.
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NewsChancellor delays axing of de minimis rule
Chancellor Rachel Reeves is reportedly not scrapping the de minimis rule in this week’s Budget, but plans to in 2029.
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NewsWatchdog considering investigation into WHSmith profit overstatement
The UK accounting regulator is considering whether to launch a formal investigation into PwC’s auditing of WHSmith following a £30m profit overstatement in its North American division.
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NewsAsos posts full-year earnings rise despite sales fall
Online fashion retailer Asos is “ready to reclaim our place as the most exciting destination for fashion-loving customers” after reporting an improved financial performance.
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Opinion‘Walmart’s unfashionable focus on long service creates long-term value’
Walmart’s chief executive succession doesn’t fit the common view that fresh blood and multi-company experience trump a career spent in one place, observes George MacDonald
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NewsWalmart to move share listing to Nasdaq in reflection of importance of tech
Retail giant Walmart is to move its share listing from the New York Stock Exchange to Nasdaq.
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NewsCo-op unveils new investment commitment to create thousands of new apprenticeships
The Co-op has committed to investing £70m to creating 7,000 new apprenticeships at the retailer by 2030, which it said will open doors for “underrepresented groups”.
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NewsAsda agrees sale and leaseback arrangement for stores and depot
The grocer has today [November 20] announced it has reached a £568m sale and leaseback agreement with two separate investment firms.
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NewsDr Martens sees full-price and DTC sales improve
Dr. Martens has posted an improved sales performance in the first half as its new strategy beds in, driving more full-price and direct-to-consumer sales.
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NewsJD Sports warns unemployment and volatile sentiment could impact sales
JD has warned markets that its profits will be among the lower end of market expectations due to rising unemployment and volatile customer sentiment among its core demographic.