All City & finance articles – Page 36
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NewsVery Group records ‘resilient’ performance as profit grows but revenue dips
The Very Group has reported a “resilient” performance for the full year as revenue saw a slight dip and operating profit grew.
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NewsFrasers pulls plug on Mulberry takeover bid over governance concerns
Frasers has announced that it does not intend to make a revised offer for taking over Mulberry, citing increasing governance issues and the “apparent lack of a commercial plan against a backdrop of increasing market headwinds”.
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NewsL’Oréal sales increase driven by growth in all divisions
L’Oréal posted sales growth in the nine months to September 2024, which was “well-balanced between value and volume” driven sales despite multiple turbulences in the third quarter.
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NewsVirgin Wines boss credits ‘really encouraging’ performance of value brand for return to profitability
Virgin Wines boss Jay Wright has credited the “really encouraging” performance of Warehouse Wines for the retailer’s return to profitability.
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NewsWickes sales rise driven by volume and market share growth
Wickes has reported a rise in sales as it “successfully” grew volumes and market share in the 13 weeks to September 2024.
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NewsHalfords posts flat sales as consumer outlook remains uncertain
Cycling and motoring specialist Halfords has reported flat sales for the 26 weeks ending September 2024 as “consumers remain cautious in their discretionary spending”.
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Opinion‘It will take more than delisting and taking the business private to transform N Brown’
N Brown is the latest retailer to go private. Whether it could have pursued a successful strategy as a public company may be a moot point, but changing the ownership structure alone won’t be enough to save it, says George MacDonald
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News‘Serial returners’ are expected to generate £6.6bn of online returns this year
Customers who are deemed “serial returners” are expected to account for £6.6bn of online returns in the UK this year, according to new research by Retail Economics and ZigZag.
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NewsFrasers Group has backed a takeover of N Brown as it continues chasing Mulberry
Mike Ashley’s Frasers Group has backed the £191m takeover proposal for fashion giant N Brown and told shareholders it is continuing its bid to acquire luxury brand Mulberry.
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NewsHobbycraft profits have plummeted 80% despite sales growth
Hobbycraft’s profits have plummeted despite improved sales and margin growth.
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NewsTesco boss hails 'significant step' as supermarket giant strikes clean energy deal
Tesco has struck a deal to buy enough solar power to run 144 of its large supermarkets, after buying up nearly two-thirds of the output of a Kentish solar park.
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NewsDeliveroo posts a rise in transaction value and orders
Rapid delivery specialist Deliveroo has reported “solid” growth in its third quarter with an uplift in transaction value and orders.
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NewsDFS finance chief is set to stand down
DFS chief financial officer John Fallon is to stand down at the end of the month from his role at the furniture retailer.
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NewsN Brown is to be bought by an Alliance family member
Joshua Alliance, a member of the family who built N Brown, has made a recommended offer for the home shopping group.
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NewsBoots has grown market share for 14th consecutive quarter as full-year sales rise
Boots has delivered its 14th consecutive quarter of market share growth in the UK as full-year sales grew, driven by beauty products.
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NewsVictoria Plum to cease trading after it makes £2m loss in four months
Victorian Plumbing is set to close the Victoria Plum business it acquired in May, after it made a nearly £2m loss in four months.
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NewsSelfridges’ property portfolio value plummeted last year
The value of luxury department store Selfridges’ property portfolio plummeted by more than half a billion pounds last year, according to reports.
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NewsMulberry's owner has rejected an increased bid from Frasers Group
The owner of luxury fashion brand Mulberry has rejected a revised bid from Frasers Group and said it has “no interest” in selling its shares to the retailer.
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AnalysisTHG’s Ingenuity demerger explained and what it means for the rest of the business
As THG demerges its Ingenuity division, Retail Week examines what this means for the online retail giant
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NewsQuiz chief financial officer heads for the exit
Fashion retailer Quiz’s chief financial officer and company secretary is exiting the business.