Latest finance news – Page 160
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NewsGovernment issues new guidance on face coverings in England
The government has issued its full guidance on mandatory face covering in shops in England, less than 12 hours before the rules are due to come into force.
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NewsUnilever beats sales forecasts despite coronavirus crisis
Unilever surpassed its sales expectations despite turnover weakening in emerging markets due to the ongoing coronavirus pandemic.
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NewsFrasers Group hits out at business rates revaluation delay
Mike Ashley’s Frasers Group has hit out at the government, saying it looks on with “anguish and bewilderment” at its decision to delay the next business rates revaluation until 2023.
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NewsEve Sleep narrows losses despite sales slide
Eve Sleep has narrowed its half-year losses despite suffering a fall in sales during the first six months of its financial year.
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NewsKingfisher revenues rise as online sales treble in lockdown
Kingfisher has posted a spike in second-quarter sales following “strong demand” across its European markets and online.
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NewsEbay sells Gumtree to Norwegian rival Adevinta in $9bn deal
Ebay has sold its online classifieds business, which includes its Gumtree platform in the UK, in a $9bn (£7.1bn) deal as it ramps up focus on its core marketplace proposition.
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NewsGovernment opens call for evidence on business rates reform
The government has launched a call for evidence on possible future reform of the existing business rates system.
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NewsSuperdry stake snapped up by activist investor
Hedge fund Gatemore Capital has acquired a stake in Superdry and cited confidence in chief executive Julian Dunkerton’s vision for the future of the business.
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NewsMatalan crashes to first-quarter loss as lockdown hits bottom line
Matalan has tumbled into the red on its first-quarter result as boss Jason Hargreaves described coronavirus as “the biggest challenge ever faced by the sector”.
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NewsAO.com to reward all staff through ambitious incentive plan
All of electricals etailer AO.com’s 3,000 staff are to share in value created in the company through a reward plan that will recognise “truly exceptional performance”.
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NewsTed Baker encouraged by recent trading and online growth
Ted Baker has reported “resilient trading” despite the impact of the coronavirus pandemic and is encouraged by progress on its transformation plan.
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NewsAsda sale talks back on, Walmart reveals
Walmart has recommenced discussions with potential buyers of a stake in Asda, the US giant said.
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NewsIceland blames widening losses on tough trading conditions and Brexit
Iceland has blamed widening losses in its last financial year on tough trading conditions and ongoing uncertainty around Brexit and the December general election.
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NewsBoohoo shares bounce back after co-founders plough £15m into brand
The co-founders of fast-fashion giant Boohoo have bought another £15m worth of shares in a bid to stop the share price from falling any further.
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NewsBensons bolsters tops team as it prepares to streamline store estate
Bensons for Beds has appointed a new chairman and strengthened its executive team in a bid to drive the business’ profitable growth.
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NewsIntu slashes head office roles as future of centres hangs in the balance
Embattled landlord Intu has slashed jobs at both its London head office and one of its subsidiary property companies after collapsing into administration earlier this month.
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NewsNext fends off M&S to close in on Victoria’s Secret deal
Fashion giant Next has agreed an outline deal to snap up the Victoria’s Secret business in the UK.
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NewsRivals lambast CMA’s provisional findings on Deliveroo–Amazon tie-up
A number of food retailers and other rivals have criticised the Competition and Markets Authority’s provisional clearance of Amazon’s proposed investment in Deliveroo.
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NewsBurberry to cut hundreds of jobs due to pandemic’s ‘severe impact’ on sales
Luxury goods retailer Burberry has announced plans to cut hundreds of jobs as it attempts to recover from the effects of the coronavirus on its sales.
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NewsDunelm sales slide despite ‘significant’ online growth
Dunelm has posted a sharp drop in sales during its fourth quarter despite hailing “significant” growth in its online business.