Latest finance news – Page 18
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NewsConsumer confidence falls as cost increases and Trump’s tariffs cause concern
Consumer confidence fell four points in April as cost increases across household bills, taxes, and retail goods along with Trump’s tariffs are causing concern.
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NewsAsos sales fall but losses narrow as it continues to improve profitability
Online fashion retailer Asos has reported falling sales but an improvement to profitability as losses continue to narrow.
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NewsCharles Tyrwhitt profits and sales up despite ongoing ‘risk and uncertainty’
Suits and shirts specialist Charles Tyrwhitt has reported a rise in profits and sales as it hails current brand positioning and a boost from the return to the office despite ongoing headwinds.
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NewsTHG rejects ‘undervalued’ takeover proposal for Myprotein
THG has rejected a takeover proposal from Selkirk to acquire its Myprotein brand as it “fundamentally undervalued” the brand and its future prospects.
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NewsRituals expects to increase global sales following ‘record year’ in 2024
Luxury beauty brand Rituals expects to increase its annual turnover further as it reports on a “record year” in 2024.
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NewsHobbycraft to close stores and axe around 100 jobs
Hobbycraft’s owner Modella Capital is planning to close at least nine stores with around 100 jobs slashed in a bid to restructure the business.
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NewsMatalan secures new funding to fuel ‘sustainable’ and ‘profitable’ growth
Fashion and homewares retailer Matalan has secured a fresh multimillion-pound cash injection as it continues on business its transformation strategy.
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NewsDHL suspends high-value US deliveries over tariffs
DHL Express has suspended deliveries to the US worth more than $800 (£603), blaming the “significant increase” in red tape at customs due to the introduction of tariffs by the Trump administration.
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NewsBensons for Beds owner mulls bid for Poundland
Alteri, the owner of Bensons for Beds, has emerged as one of several potential contenders to take over discounter Poundland.
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NewsDeliveroo reports first quarter growth as UK and international orders soar
Rapid delivery specialist Deliveroo has reported a “strong” performance during the first quarter thanks to order growth in both the UK and internationally.
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NewsSainsbury’s sales and profits rise thanks to highest market share growth for a decade
Grocery giant Sainsbury’s has reported a rise in profits and sales for the full year as it posted its highest market share growth for more than a decade despite forecasting flat profits for the year ahead.
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NewsDunelm holds firm on guidance as it hails ‘strong’ sales growth
Homewares retailer Dunelm said it is “on track” to hit its profit before tax guidance for the full year as sales during the third quarter surged despite “increased uncertainty on consumer sentiment” ahead.
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NewsBravissimo boss steps down after Wacoal acquisition
The chief executive of lingerie specialist Bravissimo is stepping down from her role.
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NewsMajestic Wine completes Enotria & Coe acquisition
Wine specialist Majestic Wine has completed the acquisition of premium wines and spirits supplier Entoria&Coe.
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NewsSosandar warns on profits as it shifts away from promotions
Fashion retailer Sosandar has revised down its full-year profit and sales expectations, as it is continuing its “transition away from price promotional activity”.
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NewsWHSmith sales jump but profit down as high street trading drags
WHSmith reported a jump in revenues but profit before tax inched down in its first financial update since announcing the sale of its flagging high street business.
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NewsLVMH sales slip but Sephora continues to grow
Luxury retail group LVMH has recorded a slight dip in revenue, despite Sephora continuing to perform strongly.
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NewsUK business confidence plummets into 'ominous territory'
UK business confidence has dropped to its lowest point in over two years as concerns mount over tax increases and US President Donald Trump’s intensifying trade war, a new survey reveals.
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NewsRetail sales showing green shoots, says BRC
Retail sales are showing signs of underlying strengthening of demand, according to the British Retail Consortium (BRC).
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NewsArc’teryx owner acquires outerwear brand Jack Wolfskin
The owner of outdoors brand Arc’teryx, Anta Sports, has snapped up Jack Wolfskin in a £222m deal to acquire it from sports equipment company Topgolf Callaway.