Latest finance news – Page 145
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NewsChancellor extends furlough scheme until end of April 2021
Chancellor Rishi Sunak has extended the furlough scheme for another month, meaning it will now end in April 2021.
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NewsBoxing Day Sales: Next, DFS and Selfridges going ahead despite PM’s warnings
Next, DFS and Selfridges are all gearing up for Boxing Day Sales in spite of Boris Johnson’s warnings to the public.
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NewsRetailers rein in promotional activity ahead of Christmas after Black Friday flurry
Retailer promotional activity this year hit a high around the Black Friday period before since dropping away in the run-up to Christmas.
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NewsConsumer confidence rises in time for Christmas
After reaching a six-month low in November, consumer confidence climbed this month as the UK entered the festive season.
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NewsWatches of Switzerland profits rise as online sales surge
Watches of Switzerland has clocked up an increase in half-year profits following a surge in online sales during the coronavirus pandemic.
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NewsAll non-essential retail to close in Wales after Christmas Eve
All non-essential retailers in Wales will be forced to close their stores after trading finishes on Christmas Eve, with the country going into a full ‘tier four’ lockdown three days later.
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NewsDixons boss Alex Baldock: ‘Business rates reform will save jobs’
Dixons Carphone boss Alex Baldock has remained staunch on his decision not to repay business rates for the time being and urged the government to review the issue.
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NewsNew Asda owners set to sell off £1.2bn distribution network
Asda’s new owners the Issa brothers have reportedly drafted in advisers to ready the sale of the supermarket’s logistics portfolio.
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NewsDixons Carphone interim sales surge sparks profit climb
Dixons Carphone has reported an uplift in profits at the half-year mark bolstered by strong sales growth which boss Alex Baldock attributes to “grit and skill” of staff.
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NewsH&M sales slide as second wave hinders recovery
H&M has reported a decline in sales in the fourth quarter as a second wave of the coronavirus pandemic impeded its recovery.
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NewsJD Sports acquires US footwear retailer Shoe Palace
JD Sports has announced the acquisition of American shoe retailer Shoe Palace in a bid to increase its exposure on the US west coast.
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NewsUS giant circles Arcadia and Debenhams for ‘double takeover’
The owner of US department store Barneys has emerged as a potential buyer of both Arcadia and Debenhams.
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NewsTopshop administrators seek up to £200m for flagship Arcadia brand
Topshop’s administrators hope for offers of up to £200m for the business, the jewel in the crown of Sir Philip Green’s Arcadia fashion empire.
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NewsMcColl’s to hang on to rates rebate as Covid costs outweigh savings
C-store retailer McColl’s is set to keep the business rates rebate it was given by the government in March as its chief executive says Covid-related costs have since outstripped the money saved.
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NewsTesco and Morrisons to open stores with reduced hours on Boxing Day
Tesco and Morrisons will open their stores with reduced hours on Boxing Day to allow staff to spend more time with their families over the festive period.
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NewsOcado ups profit guidance as fourth quarter sales surge
Ocado has said it now expects its full-year EBITDA to surpass £70m following a quarter of “exceptional demand” and strong sales growth.
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NewsFrasers Group interim profits rise spurred by rates relief and online sales
Frasers Group reported a strong uplift in profits at the interim mark despite what chair David Daly describes as a “lack of clarity of guidance” from the government during the pandemic so far.
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NewsGovernment extends commercial evictions ban until April
The government is extending the moratorium on commercial tenant evictions until March 31, 2021.
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NewsTesco gets green light to complete sale of Asia business
Tesco is poised to complete the £8bn sale of its Thai and Malaysian business after buyer CP Retail Development Company rubber-stamped the deal.
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NewsCompetition watchdog to investigate Issa brothers’ Asda acquisition
The competition watchdog has launched a probe into the Issa brothers’ £6.8bn takeover of Asda.