All City & finance articles – Page 42
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NewsAsda sales jump as owner Mohsin Issa hails ‘good progress’
Asda has announced an increase in total ex-fuel and like-for-like sales as owner Mohsin Issa said the supermarket made “good progress” in the quarter.
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NewsThe Body Shop administrators to launch auction for the chain
The Body Shop administrators are set to launch an auction of the struggling beauty chain after plans for a company voluntary arrangement (CVA) failed, Sky News has reported.
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NewsWatches of Switzerland sales hit by ‘minimal return’ of tourist shopping
Watches of Switzerland has reported flat sales for the full year of 2024 driven by a challenging trading environment and the “minimal return of tourist spending” in the UK.
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NewsAlibaba revenue growth despite decline in profits
Alibaba has posted growth in revenue in its full-year and quarterly results, despite profits plunging.
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NewsMiniso posts growth driven by global store expansion
Chinese general merchandise retailer Miniso has posted growth in revenue and profit as it continues to roll out stores at home and abroad.
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NewsNatura &Co losses widen as it explores ‘potential separation’ of Avon
Brazilian cosmetics giant and former owner of The Body Shop Natura &Co has posted widening losses as Avon International sales continued to fall in the first quarter of the year.
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AnalysisCan a Shein float turn around retail’s IPO fortunes?
As Shein accelerates preparations for a blockbuster London IPO, Retail Week looks at how other retailers have fared since going public.
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NewsBurberry underperforms and warns of headwinds in luxury slowdown
Burberry has underperformed financially as it struggled with tepid demand for luxury clothing and accessories, and warns of more pressure to come.
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NewsAngling Direct posts ‘record’ UK performance
Specialist retailer Angling Direct has reported a rise in sales and market share as it achieved “record UK revenues” in the full year ending January 31, 2024.
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NewsWalgreens gauges interest in Boots among potential buyers
The American owner of Boots, Walgreens Boots Alliance, is understood to be reaching out to potential buyers of the UK health and beauty giant.
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NewsGreggs posts like-for-like sales rise as it ‘builds capacity for further growth’
Greggs has made a strong start to the new financial year and is investing to power future growth.
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NewsCurrys to beat profit guidance after ‘strong finish to year’
Electricals specialist Currys expects annual profits to come in ahead of expectations after returning to like-for-like growth at group level.
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NewsShein ramps up plans for London IPO following US pushback
Shein is reported to be accelerating its plans for a London Stock Exchange listing after its efforts to float in New York met pushback and regulatory obstacles from US lawmakers.
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NewsMothercare commences refinancing talks as global sales drop
Mothercare has reported a drop in revenue and international sales as it commenced refinancing discussions with lenders to renegotiate or refinance debt facilities.
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Opinion‘Even by its own measures, Boohoo faces a long path to recovery’
Boohoo’s KPIs did not tell a happy story when the retailer posted its annual results this week, and achieving sustainable and profitable success will be a challenge as competitors such as Shein grow, writes George MacDonald
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NewsWatches of Switzerland builds US business with $130m jewellery deal
Watches of Switzerland has bought US jeweller Roberto Coin for $130m (£104m) as it targets growth in the luxury branded jewellery category.
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NewsHurr unveils new credit scheme as rental fashion trend soars
Fashion rental platform Hurr has launched a new credit system, offering renters the chance to purchase rental pass bundles monthly, as the demand for long-term and “more flexible” rental takes off.
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NewsBoohoo ‘well positioned’ for growth despite deepening losses
Fashion retailer Boohoo has said it is “well positioned to return to growth” despite widening losses and a drop in revenue and profit.
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NewsMorrisons snaps up stores to grow convenience business
Morrisons has bought 38 c-stores on the Channel Islands from local partner SandpiperCI as it builds its convenience business.
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NewsCarpetright to slash 70 jobs at Essex HQ
Flooring retailer Carpetright is axing around 70 jobs at its headquarters, equating to more than 25% of head office staff.