Latest finance news – Page 125
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NewsGreggs upgrades profit expectations as sales jump
Food-to-go specialist Greggs has upgraded its full-year outcome as both in-store and online sales jumped in the third quarter despite ongoing supply chain issues.
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NewsLeahy returns to grocery as Morrisons board gives green light to CD&R deal
Morrisons’ board has recommended acceptance of private equity group CD&R’s takeover offer, marking a likely return to grocery for former Tesco chief executive Sir Terry Leahy.
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NewsExclusive: Dreams’ profits increase as online sales surge
Beds specialist Dreams reported a surge in underlying profits during the pandemic as online sales picked up the slack from closed stores.
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NewsAO warns supply chain ‘disruption’ will trigger profit decline
AO.com has said that “challenging market dynamics” across the UK and Germany have constrained its sales growth, and that it anticipates a decline in full-year profits as a result.
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NewsH&M profits inch up as pandemic store closures drag on performance
Swedish fashion giant H&M has reported growth in both revenues and profits – but it flagged that international coronavirus restrictions continued to slow its growth.
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NewsBoohoo revenues rise but profits fall as market share in UK and US doubles
Fast-fashion giant Boohoo has seen its profits and sales soar compared to pre-pandemic levels, as its market share in both the UK and the US doubled.
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NewsMorrisons bidders to battle for the retailer in auction this Saturday
The ownership of Morrisons will be decided this Saturday when an auction between rival bidders will be held.
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NewsQuiz losses deepen as sales plummet due to pandemic store closures
Fashion retailer Quiz has reported deepening losses as rolling store closures due to pandemic restrictions hammered its revenues.
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NewsNext upgrades outlook as profits and sales soar beyond pre-pandemic levels
Next has reported significant increases in both full-price sales and profit before tax compared with 2019 levels and has upgraded its full-year profit guidance.
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NewsCard Factory cuts losses as it targets omnichannel growth
Card Factory has reported a reduced first-half loss and said a transformation to an omnichannel model is under way.
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NewsRiver Island swings to a loss following pandemic store closures
River Island has reported a loss following a challenging 2020 as sales tumbled during periods of enforced store closures due to the pandemic.
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NewsAldi profits slip as it presses ahead with £1.3bn expansion plans
Aldi has suffered a dip in profits but plans to press ahead with an aggressive £1.3bn investment into the UK market over the next two years, as it targets 100 new stores.
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NewsNike warns of price rises amid supply chain chaos
Nike has warned that prices are likely to rise in the second half of its financial year as the brand bids to offset increasing costs in its supply chain.
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NewsDFS profits surge as consumers spend on their homes
Furniture specialist DFS has posted an increase in full-year sales and profits as consumers spent on their homes during the Covid-19 pandemic.
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NewsFenwick losses widen amid ‘most difficult trading conditions in living memory’
Fenwick has suffered widening full-year losses after enforced store closures drove a slump in sales during the coronavirus pandemic.
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NewsPret to open 200 new stores and target overseas markets in £100m expansion drive
Pret a Manger will open more than 200 new stores across the UK and turbocharge its international expansion over the next two years following a £100m investment from owner JAB and founder Sinclair Beecham.
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NewsKingfisher boss eyes expansion as post-Covid trends create growth opportunities
Kingfisher chief executive Thierry Garnier said he was positive the DIY giant would thrive despite posting a dip in like-for-like sales.
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NewsKingfisher raises outlook as profits soar across Europe
DIY giant Kingfisher has recorded rising profits as its ‘Powered by Kingfisher’ strategy drives business changes.
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NewsMorrisons moves into food service for first time with new wholesale partnership
Grocery giant Morrisons is set to sell to pubs, restaurants and hotels as it bids to rapidly ramp up its wholesale business.
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NewsGap joins Next’s Total Platform to reboot UK operations
Next and Gap have announced a joint venture to manage the latter’s UK and Ireland operations.