Latest finance news – Page 113
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NewsAsda increases pay for shop staff as cost-of-living crisis bites
Supermarket chain Asda has joined its rivals in increasing the pay of its frontline shop staff as the cost-of-living crunch continues to ramp up.
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NewsPrimark operating profits soar after store estate fully reopens
Primark has posted a surge in sales and operating profits driven by the reopening of its store estate following Covid-enforced closures.
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NewsMcColl’s seeks refinancing after latest profit warning
McColl’s has issued a profit warning after a “softer” Easter trading period.
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NewsMorrisons, Asda and Amazon price strategies polarise as retailers tackle inflationary pressures
Morrisons and Asda have reduced prices while Amazon has warned of price rises as the retail sector grapples with soaring inflation.
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NewsNestlé warns of further price hikes as inflation soars
FMCG conglomerate Nestlé has said that more price rises will hit this year as it tackles inflationary pressures.
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NewsData: Consumer confidence tumbles as cost-of-living crisis intensifies
Consumer confidence fell sharply in April as people grappled with rising costs.
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NewsExclusive: Missguided boss steps down as etailer explores ‘strategic options’
Missguided founder and chief executive Nitin Passi will exit the business as it enters its next stage of growth.
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NewsNaked Wines posts sales rise as business improvements bear fruit
Specialist retailer Naked Wines has posted an increase in full-year sales and expects results to be in line with expectations after it beat customer retention expectations.
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NewsNext teams up with investment firms to acquire JoJo Maman Bébé
Next and hedge fund Davidson Kempner have partnered to acquire mother-and-baby retailer JoJo Maman Bébé for an undisclosed sum.
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NewsDunelm sales soar in time for blockbuster summer
Dunelm has recorded an uplift in sales as its customers prepare their homes and gardens for the warmer weather.
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NewsIndian firm Reliance Industries joins race for Boots takeover
India’s Reliance Industries has appeared as another potential bidder for UK chemist Boots.
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NewsSupermarket shares crash as Tesco’s warning takes effect
The share price of listed supermarkets plummeted yesterday after grocery giant Tesco issued a stark warning on the effects of the cost of living crisis.
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NewsData: Inflation hits 30-year high of 7% as fuel and food prices soar
The annual rate of inflation recorded a rise to 7% in the 12 months to March as the cost of living continues to soar.
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NewsTesco full-year profits skyrocket bolstered by 'strong' sales
Tesco’s preliminary profits have more than tripled as boss Ken Murphy hails the grocer’s “strong performance” and says the chain is better placed than its rivals to tackle the looming cost of living crisis for shoppers.
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NewsAsos looks forward to ‘summer of fun’ despite consumer gloom
Asos chief operating officer and chief financial officer Mat Dunn was optimistic about prospects, despite the challenges facing the business and consumers such as inflation and ongoing supply chain disruption.
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NewsBoots owner set to lose billions on sale of health and beauty giant
US retailer Walgreens faces losing billions after the private equity firms earmarked to take over Boots valued the retailer much lower than Walgreens’ official price tag.
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NewsAsos profits plunge following period of ‘significant volatility and disruption’
Asos has reported a drop in pre-tax profits in its interim results as it continues to grapple with supply chain challenges.
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NewsSainsbury’s becomes first major grocer to pay both real and London living wage
Sainsbury’s will increase pay for Sainsbury’s and Argos store employees in outer London, becoming the first major supermarket to pay the real living wage and London living wage to all its store workers.
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NewsMorrisons’ new owner offers to sell petrol stations to ease fuel price fears
The private equity owner of Morrisons has offered to sell several of its petrol stations following concerns from the competition watchdog that the takeover could lead to higher fuel prices.
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NewsCo-op profits plunge as supply chain disruption takes toll
The Co-operative Group has reported a steep fall in annual profits after its performance was hit by “food supply chain disruption during system transformation”.