Latest finance news – Page 176
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NewsWaterstones books profits uplift as sales rise
Waterstones has recorded a rise in its full-year profits as sales rose, but the retailer said the lack of a ‘significant’ bestseller hampered potentially higher growth.
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NewsCasper faces nightmare after slashing IPO valuation
Casper Sleep has again slashed the amount it is seeking in its initial public offering to encourage investors to buy a stake in the struggling retailer.
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NewsRaise corporation tax to save struggling high street, bosses urge
The Treasury should increase corporation tax to fund a business rates cut for high street retailers, a new government-commissioned report has said.
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NewsPoundland Christmas sales rise as new ranges boost growth
Poundland has posted an uplift in sales during the crucial Christmas trading period as its Pep&Co clothing concessions helped drive footfall.
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NewsFormer Poundland owner teams up to bid for Pepco
The former owner of Poundland has joined with two private equity firms in a bid to take over the discount retail chain’s parent company.
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NewsRetail chief executive turnover reached seven-year high in 2019
The number of chief executives losing their jobs in the retail sector reached a seven-year high in 2019, according to a new report.
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NewsFrasers Group acquires stake in luxury handbag retailer Mulberry
The Mike Ashley-owned Frasers Group has acquired a stake in global handbag retailer Mulberry as part of what it calls the strategic “elevation of our retail proposition”.
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NewsPop-up retail property specialist Boxpark posts profits rise
Boxpark, the pop-up retail property specialist, has reported a rise in profitability and is eyeing expansion outside London.
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NewsComet liquidator sues French retailer Fnac Darty
Comet’s liquidator, FRP Advisory, is suing French retailer Fnac Darty for £115m over aspects of the electricals retailer’s collapse.
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NewsFrench Connection fails to find buyer as sale taken off the table
French Connection has revealed it is no longer looking for a buyer, following a strategic review.
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NewsConsumer confidence jitters ease after ‘Boris bounce’
Consumer confidence is heading towards positive territory following four years of negative scores.
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NewsAmazon sales soar as ‘more people than ever’ joined Prime
Amazon sales have beat expectations as the online giant posted its full-year results.
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NewsH&M profits rise as new chief executive appointed
Fashion giant H&M has reported a rise in full-year profits and veteran chair Stefan Persson is to stand down after two decades in the role.
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NewsComet administrators face record £1m fine
The administrators of collapsed electricals retailer Comet are expected to be fined a record £1m over aspects of their involvement.
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NewsMike Ashley’s Frasers Group cleared over Belgian tax question
Frasers Group, the renamed Sports Direct business controlled by Mike Ashley, has correctly paid tax in Belgium that had been questioned by the authorities there.
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NewsManoMano targets ‘ambitious growth’ following fundraising round
Home and DIY retailer ManoMano has completed another round of fundraising in a bid to become the “European market leader in DIY, home improvement and gardening”.
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NewsWickes hails ‘strong sales performance’ as demerger remains on track
Wickes has posted rising sales for its fourth quarter in 2019 as the DIY group’s demerger from Travis Perkins remains “on track”.
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NewsScS Christmas sales rise as CEO unveils plans to retire
ScS has posted an uplift in like-for-like sales over the festive trading period as boss David Knight says he will retire next year after 32 years with the business.
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NewsEx-WHSmith boss Clarke takes new senior role at vet chain
The former chief executive of WHSmith has re-emerged in a senior leadership role with an international chain of vets, less than three months after leaving the retailer for a sabbatical.
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NewsSeasalt buoyed by ‘positive festive sales’ across online and in store
Cornish fashion brand Seasalt has said it enjoyed a “positive” trading period over Christmas and New Year, registering strong growth in both online and in-store sales.