All City & finance articles – Page 95
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NewsMonsoon Accessorize goes ‘back to origins’ as it returns to profit post-administration
Monsoon Accessorize has returned to profit, as its turnaround strategy following administration in 2020 bore fruit.
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NewsMatalan founder Hargreaves loses court battle over tax bill
Matalan founder John Hargreaves has lost a long-running court battle over a multimillion-pound tax bill.
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NewsFormer Morrisons suitor Fortress lines up £5bn bid for petrol forecourt giant
The US private equity giant that failed in a £7bn bid for Morrisons is now setting its sights on petrol forecourts operator Motor Fuel Group (MFG).
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NewsJD Sports ups profit forecast but delays results to address Footasylum fallout
JD Sports has upped profit expectations but delayed its full-year results so it can address the divestment of Footasylum and complete a governance review.
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NewsBoots suitors given until end of the month for fresh bids
Prospective bidders for Boots have been given until the end of the month to place first-round bids in the £7bn battle shaping up for the health and beauty retailer.
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NewsWatches of Switzerland sets sights on Europe after domestic sales soar
Watches of Switzerland has expanded into the European market after delivering a strong period of sales growth driven by a “thriving domestic clientele”.
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NewsJoules pulls away from EU trade as Brexit costs bite hard
Lifestyle brand Joules has made moves to terminate some of its wholesale agreements with EU stockists as Brexit costs made the channels unprofitable.
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NewsDunelm delivers ‘record performance’ as profits and sales rise
Home and DIY giant Dunelm said it remained “confident in long term growth plans” following strong interim profits and sales.
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NewsOcado boss downplays effects of food inflation on online grocery sales
Ocado boss Tim Steiner has said the pureplay grocer has been largely immune to the inflationary price rises gripping the industry and downplayed risks to sales.
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NewsJoules posts profit fall as costs take toll
Fashion retailer Joules has suffered a decline in first-half profits as rising costs hit its bottom line.
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NewsTesco chair warns of further inflation with ‘the worst yet to come’
Tesco chair John Allan has warned that supermarket prices could rise as much as 5% by spring.
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NewsAmazon’s UK sales soar as it doubles down on bricks-and-mortar offerings
Amazon’s UK sales grew by more than 20% last year on top of a 51% rise in 2020.
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NewsAmazon reveals sales surge and ups price of Prime subscription
Amazon has reported a rise in sales and earnings over the Christmas quarter and is to increase the cost of a subscription to its Prime service.
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NewsVirgin Wines blames rising cost pressures as it issues profit warning
Virgin Wines has blamed a host of macroeconomic factors, including spiralling inflationary and other cost pressures, after issuing a profit warning.
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NewsWestminster Council to inject millions into reviving West End
Westminster Council has set aside funds to revitalise the West End area of London.
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NewsAnn Summers exits CVA as it swings back into black
Ann Summers has returned to profit as a result of its turnaround strategy, driven by strong online performance during the pandemic.
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AnalysisAnalysis: How H&M is preparing for sustainable growth post-pandemic
H&M chief executive Helena Helmersson is adamant that the “worst is behind us” and the fashion giant is ready for what comes next. Retail Week looks at how H&M is setting itself up for future growth.
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NewsH&M profits rebound as it hails ‘strong’ pandemic recovery
H&M has posted a surge in full-year profits as it hailed a “strong recovery” from the peak of the coronavirus pandemic.
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NewsMorrisons takeover faces deeper CMA probe over petrol competition concerns
Morrisons’ takeover by US private equity giant Clayton, Dubilier & Rice (CD&R) will face further scrutiny by the competition watchdog amid fears over petrol prices.
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NewsAO to review German business as supply issues and marketing costs bite
AO has said it will explore options for its German arm as a number of issues impacted its revenues over the past nine months.