Latest finance news – Page 120
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NewsLandsec ups stake in Bluewater as retail values and rents stabilise
Institutional landlord Landsec has upped its stake in shopping centre Bluewater and agreed to sell a share to co-owner M&G as Covid continues to stabilise retail values and rents.
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NewsHush profits soar as Covid lockdowns fuel online sales surge
Hush has posted a surge in profits and sales after online revenues boomed during the first year of the coronavirus crisis.
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NewsMissguided secures rescue deal from Alteri Investors
Alteri Investors has acquired a 50% stake in the struggling online fashion retailer Missguided, giving the brand the liquidity needed to ride out the ongoing supply chain crisis.
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NewsMike Ashley mulls taking Frasers Group off the stock market
Frasers chief executive Mike Ashley is reportedly preparing to take the company private following a period of strong growth for the group’s brands.
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NewsBoohoo issues profit warning due to higher return rates
Fast fashion giant Boohoo has blamed “significantly higher return rates” and continued extended delivery times as it issued an unexpected profit warning.
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NewsH&M and Inditex register soaring sales as fashion rebounds
Fashion giants H&M and Inditex have both hailed their sales recovery following lockdowns in the lead up to the festive season.
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NewsIn The Style earnings fall amid ‘higher than anticipated’ return rates
In The Style has suffered a fall in half-year profits after being hit by supply chain challenges and “higher than anticipated” return rates.
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NewsCurrys profits rise despite supply chain disruption
Currys has reported an uplift in profits during its first half and insisted it will “ride out” ongoing supply chain challenges and “bumpy demand” heading into 2022.
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NewsPoundland owner Pepco’s profits soar as new store openings boost sales
Pepco has recorded strong growth in profits despite “a challenging Covid-affected trading environment”.
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NewsJoules warns on profits due to supply chain troubles and Omicron
Joules recorded soaring sales across all its channels but has warned of supply chain issues in the coming weeks and months, which threaten Christmas season success.
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NewsNike makes further metaverse moves with digital fashion house acquisition
Nike is set to acquire virtual fashion and non-fungible token (NFT) platform RTFKT for an undisclosed sum.
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NewsOcado predicts ‘best ever Christmas’ as it wins patent trial
Ocado has reported “strong momentum” in the lead-up to the festive period.
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NewsJD Sports set to concede defeat in Footasylum takeover battle
JD Sports is on the cusp of relinquishing ownership of Footasylum following a protracted battle with the Competition Markets Authority (CMA) regarding the takeover.
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NewsPrimark predicts sales gains despite supply chain and Covid disruption
Primark owner Associated British Foods expects sales at the retailer to rise in the coming months despite the reintroduction of coronavirus restrictions in Europe and supply chain challenges.
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NewsHolland & Barrett snaps up at-home beauty business Blow
Health and wellness retailer Holland & Barrett has snapped up at-home beauty services business Blow Ltd for an undisclosed sum.
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NewsDr Martens profits soar after record 6 million pairs sold
Dr Martens has reported mounting profits as it looks forward to a stellar festive season.
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NewsFrasers profits soar but group warns of Covid and supply chain headwinds
Frasers Group has reported strong revenue rises across its portfolio, but remains “cautious” of the impacts of macroeconomic factors such as a potential lockdown over Christmas.
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NewsMoonpig revenues and profits slide against lockdown comparables
Moonpig has posted a dip in revenues and sales as customer spend dropped in line with easing restrictions.
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NewsTesco reaches agreement with Unite but Usdaw Christmas strike talks ongoing
Tesco has reached an agreement on pay with staff at four distribution centres, averting strike action and reducing the possibility of empty shelves before Christmas.
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NewsQuiz warns of potential effect of Omicron on Christmas as it delivers another loss
Quiz has reported a loss before tax and warned its stakeholders about the potential loss of sales due to the rise of the Omicron coronavirus variant in the run-up to Christmas.