Latest finance news – Page 121
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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.
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NewsMcColl’s blames Covid-19 and supply chain disruption for falling sales and profits
The embattled c-store chain McColl’s has blamed falling sales and profits in the 2021 financial year on the ongoing coronavirus pandemic and supply chain issues.
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NewsTesco reopens talks with union in bid to end planned Christmas strike action
Tesco has agreed to reopen talks with Usdaw after members across its distribution centres voted overwhelmingly to go on strike from December 20.
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NewsJysk sales surge as homewares boom drives further store expansion
Danish furniture and home furnishings chain Jysk has recorded a surge in full-year sales despite lockdown restrictions as the retailer gears up to increase its UK store footprint by half.
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NewsBoots owner considers £5bn sale of health and beauty powerhouse
Walgreens Boots Alliance is considering options for its Boots business, including a sale that could bring a price tag of £5bn or more.
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NewsTed Baker mourns death of chair
Ted Baker chair John Barton has died suddenly, the retailer reported.
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NewsWickes ups profit expectations after strong trading
DIY specialist Wickes has lifted full-year earnings expectations after strong fourth-quarter trading.
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NewsHalfords acquires automotive service business National in £62m deal
Halfords has snapped up automotive service and repair chain National in a deal that boss Graham Stapleton says “cements” the chain as the UK’s largest vehicle repair business.
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NewsSelfridges set to be sold to Thailand’s Central Group
Selfridges owners the Weston family have reportedly agreed to sell the department store chain to Thailand’s Central Group, with hopes for the deal to be completed by the end of this year.
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NewsEG Group profits slump against tough comparable but hails foodservice success
EG Group posted a sales increase in the third quarter, but profits failed to match last year’s post-pandemic levels.
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NewsTopps Tiles swings to profit after delivering record year of revenue
Topps Tiles has bounced back to profit after delivering a record year of revenue as the retailer unveiled plans to be “carbon balanced” by 2030.
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NewsAsda sales slip as grocer charters cargo ship to ensure Christmas availability
Asda’s like-for-like sales in the third quarter slipped as the grocer outlined the measures it was taking to ensure good availability for customers heading into Christmas.
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NewsRevolution Beauty losses widen as it plans extensive US expansion
Beauty retailer Revolution Beauty reported widening losses as it unveiled plans to extend its reach in the US retail market.
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NewsLidl returns to profit and unveils new store target
Value grocer Lidl is back in the black and has revealed a new target for store numbers.
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NewsMarks & Spencer buys stake in Nobody’s Child in brand push
Marks & Spencer has acquired a 25% shareholding in Nobody’s Child as it builds a platform of brands to complement its core offer.
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NewsPets at Home profits surge as pet ownership boom gathers pace
Pets at Home has reported a rise in half-year profits after “stronger than expected” growth in pet ownership boosted sales.
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NewsAO slashes profit guidance as product shortages batter festive forecasts
AO has swung to a loss and slashed its full-year profit guidance after ongoing supply chain disruption and the HGV driver shortage battered its golden quarter expectations.
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NewsUS private equity firm eyes M&S with Rowe’s exit on the cards
US private equity firm Apollo Global Management has been mulling making a move on Marks & Spencer.
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NewsKingfisher sales dip as customer spend ‘normalises’
Kingfisher has reported a slight drop in sales year-on-year as consumer spending balances out post-pandemic.
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NewsNaked Wines returns to profit as it stockpiles booze ahead of Christmas
Naked Wines has bounced back into the black and increased its stock levels as the pureplay prepares for its “largest holiday season” to date.