Latest finance news – Page 117
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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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NewsAsda makes budget ranges promise after anti-poverty campaigner complaints
Asda will ensure its budget Smart Price and Farm Stores ranges will be available at all of its 581 stores and online after complaints from anti-poverty campaigner Jack Monroe.
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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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NewsBoots owner Walgreens kicks off sale amid fresh approaches
Walgreens Boots Alliance is understood to have launched the sales process for Boots, which could be valued as highly as £7bn.
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NewsAsda pauses search for chief executive successor
Asda has temporarily halted its search for a new boss to succeed Roger Burnley, with co-owner Mohsin Issa understood to be overseeing day-to-day operations in the interim.
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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.
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NewsDr Martens hails ‘very strong’ golden quarter as DTC sales rise
Dr Martens has recorded an uplift in sales in the lead up to Christmas driven by its direct-to-consumer (DTC) business.
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NewsPets at Home Christmas sales climb as it heads for ‘record year’
Pets at Home sales increased across all its divisions across the golden quarter, as CEO Peter Pritchard says the retailer is “firmly on track” for a year of record sales and profit growth.
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NewsUS giant Walmart takes stake in vertical farming start-up Plenty
US retail giant Walmart has invested in vertical farming firm Plenty with plans to stock the start-up’s leafy green vegetables in all of its Californian stores.