Latest finance news – Page 144
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NewsGreggs cautions that profits will not recover until 2022 ‘at earliest’
Food-on-the-go specialist Greggs has warned that profits will not return to pre-pandemic levels until 2022 “at the earliest”.
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NewsDecember shop prices drop as retailers chase Christmas spend
Shop prices in December fell as retailers attempted to rake in last-minute Christmas spend.
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NewsNext gloomier on store sales as pandemic changes shopper behaviour
Next has changed its outlook on the prospects for bricks-and-mortar stores as more shoppers switch their spend online amid the coronavirus pandemic.
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NewsPaperchase poised to appoint administrators
Stationery chain Paperchase is on the brink of administration after the impact of the coronavirus pandemic hammered sales.
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NewsMorrisons Christmas sales rise boosted by traditional festive fare
Morrisons delivered a strong uplift in like-for-like sales over Christmas as shoppers responded to a challenging festive period by buying classic food and drink products.
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NewsNext edges up profit guidance after stronger than expected Christmas sales
Next has upped its full-year profit guidance again after delivering “much better” sales over the Christmas period than expected in previous guidance
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NewsRecord Christmas supermarket sales as lockdown curbs spending elsewhere
UK supermarkets saw record-breaking sales in December, fuelled by coronavirus restrictions that forced non-essential retailers to close stores in the run-up to Christmas.
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NewsFrasers Group snaps up fashion retailer Psyche
Frasers Group has acquired fashion retailer Psyche’s stores and online business for an undisclosed sum.
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NewsAldi hails strong Christmas trading with surges in-store and online
Discount supermarket chain Aldi has reported strong Christmas trading, driven by growth both in-store and online with its wine and special-buys offer.
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NewsPost-Christmas footfall drops as shoppers stay home
Retail footfall during the period after Christmas declined across all destinations as tighter coronavirus restrictions came in across the UK.
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NewsRetail counts jobs cost of brutal year with more to come in 2021
More than 176,000 jobs in retail were lost in 2020 after harsh high street conditions saw over 15,000 stores close, with experts warning more of the same in 2021.
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NewseBay £7bn advertising deal faces CMA probe
Online marketplace eBay is facing an investigation by the UK markets watchdog over the proposed £7bn sale of its advertising arm to a Norwegian firm.
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NewsOnline fashion retailer Mytheresa reveals IPO plans
Fashion etailer Mytheresa has unveiled plans for a Wall Street IPO.
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NewsTesco chair: Brexit food price changes ‘very modest’
Tesco chair John Allan has said any impact on food prices due to Brexit will be “very modest indeed”, following the news of a deal between the UK and the EU last week.
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NewsThe Hut Group acquires US skincare retailer and UK nutrition suppliers
THG, formerly known as The Hut Group, has acquired US-based firm Dermstore.com, as well as investing in two of its longstanding nutrition product suppliers Claremont Ingredients and David Berryman.
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NewsBoxing Day footfall plummets as restrictions tighten
UK high streets were deserted on Boxing Day with shoppers choosing to remain at home as tier-four restrictions spread across more regions.
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NewsAnn Summers CVA approved by creditors
Ann Summers has announced that its company voluntary arrangement (CVA) has been approved by creditors following a vote today.
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NewsCard Factory drafts in Willson-Rymer as chief executive
Card Factory has appointed Darcy Willson-Rymer as chief executive, replacing Karen Hubbard who left in the summer.
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NewsDFS profits to come in at upper end of expectations despite disruption
Furniture group DFS expects profits be within the upper half of market forecasts despite Covid disruption and Brexit uncertainty.
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NewsArcadia brand Evans acquired by City Chic in £23m deal
Arcadia subsidiary Evans has been bought out of administration by Australian plus-size retail group City Chic Collective.