Latest finance news – Page 150
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NewsEbay raises full-year forecast as third-quarter sales surge
Ebay has reported a strong set of third-quarter results, which chief executive Jamie Iannone said “exceeded expectations on both the top and bottom lines”.
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NewsAsda buyers hit by credit rating downgrade
Asda’s new owners the Issa brothers have had the credit rating on their petrol station chain EG Group downgraded by Moody’s amid concerns about its financial governance and internal controls.
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NewsNotonthehighstreet eyes £200m sale as revenues surge during pandemic
Notonthehighstreet is exploring a potential £200m sale following revenue growth during the coronavirus pandemic.
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NewsNext raises profit forecast again after strong third-quarter sales
Next expects full-year profits to come in at the top end of its previously guided range following a “better than anticipated” increase in sales during its third quarter.
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NewsMore discounts in October as retailers compete for sales
Shop prices continued to fall in October as retailers battle for consumers’ more limited spend amid the coronavirus pandemic.
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NewsQuiz profits plummet as online shift takes toll
Fashion retailer Quiz has reported a plunge in full-year earnings but maintained restructuring measures will ultimately enable it to return to profitable growth.
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NewsIntu Metrocentre taken over by Sovereign Centros
Shopping centre operator Sovereign Centros has taken ownership of the Metrocentre in Gateshead, as the assets of former institutional landlord Intu continue to be sold off.
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NewsThe Hut Group ups full-year guidance as third-quarter sales jump
The Hut Group has reported a surge in sales during its third quarter, bolstered by its beauty and nutrition divisions.
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NewsDebenhams suitors given three-day deadline to make a bid
Potential suitors to buy struggling department store chain Debenhams have been given until the middle of this week to make a £300m to rescue the retailer.
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NewsGap mulls closure of all European stores and UK warehouse
American fashion chain Gap is considering closing all of its European stores and operating in the region purely through partnerships, potentially putting hundreds of jobs at risk.
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NewsConsumer confidence risks ‘double dip’ as personal finance fears mount
Consumer confidence is at risk of dropping sharply in the run-up to Christmas as shopper anxiety about the economy is compounded by growing unemployment concerns.
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NewsTravis Perkins sales decline despite ‘strong recovery’ of retail arm
Wickes owner Travis Perkins has posted a fall in total sales across its third quarter, but its performance was boosted by resilient sales across its DIY retail divisions.
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NewsEdinburgh Woollen Mill to seek extended protection from creditors
Edinburgh Woollen Mill is likely to seek a 10-day extension of protection from creditors as the owners seek to save as much of the business as they can.
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NewsBoohoo directors snap up shares on the cheap as value plummets
Senior directors of Boohoo have been buying up shares in the fast-fashion retail group less than a day after the news that PwC had stood down as its auditor sent prices tumbling.
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NewsEdinburgh Woollen Mill tycoon Philip Day plots bid to buy back Peacocks
Edinburgh Woollen Mill tycoon Philip Day is plotting a bid to save budget fashion chain Peacocks and jettison the rest of the group.
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NewsBoohoo auditor quits over corporate governance concerns
Boohoo’s auditor PwC is stepping down amid concerns over the online retailer’s corporate governance.
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NewsMike Ashley’s Frasers Group makes fresh bid to buy Debenhams
Mike Ashley’s Frasers Group has revived its efforts to buy struggling department store chain Debenhams.
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NewsEG Group reports record quarterly profits
Petrol forecourt specialist EG Group, which is controlled by Asda’s new owners the Issa brothers, has posted a record quarter of profitability.
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NewsWalgreens Boots Alliance profits dragged down by UK sales slump
Walgreens Boots Alliance has reported a drop in its fourth-quarter sales and profits exacerbated by a plunge in demand across the group’s UK arm.
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NewsAO.com set for ‘biggest ever’ Christmas as interim sales soar
AO.com has delivered a strong rise in sales across both the UK and Germany as boss John Roberts says accelerated online sales amid Covid-19 have ‘emphasised our strengths’.