Latest finance news – Page 184
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NewsConsumer confidence flatlines in November
Consumer confidence flatlined in negative growth in November, marking four years since it had been into positive territory, according to the GfK Consumer Confidence Index.
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NewsFortnum & Mason profits soar after strong multichannel performance
Fortnum & Mason has reported soaring profits and sales for the year off the back of what it described as strong multichannel performance.
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NewsTrouva secures £17m investment to fuel overseas expansion
Trouva has raised £17m in its latest funding round to expand its international store network and has launched a dedicated German website.
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NewsPeacocks set to buy Bonmarché out of administration
Peacocks is poised to buy Bonmarché out of administration after being identified as the peferred bidder for the embattled business.
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NewsTOFS sales fall but boss heralds CVA for improved profitability
The Original Factory Shop (TOFS) has recorded declines in full-year sales and profits but boss Emma Fox credits the retailer’s CVA for improving profitability.
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NewsIceland and New Look investor Brait eyes assets sale
Brait, a leading shareholder in retailers Iceland and New Look, aims to realise its investments within five years.
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NewsSosandar sales soar in first-half as investment pays off
Sosandar, the online womenswear specialist, has posted a rise in first-half sales and said investment was powering progress at the business.
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NewsIkea profits fall despite sales rise
Ikea’s full-year profits fell despite its online sales soaring 50%.
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NewsScS weathers political uncertainty despite sales fall
Sofas specialist ScS has reported a fall in sales as political volatility continued to hit trading.
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NewsShop prices fall in run-up to Christmas trading
Shop prices fell in November for the sixth consecutive month, as the BRC hopes for a positive impact on Christmas trading.
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NewsPets at Home to roll out 30 new format stores next year
The boss of Pets at Home has said the retailer plans to roll out 30 of its new format stores next year, as he looks to continue to grow the business through targeted use of customer data.
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NewsTopps Tiles sales floored by election uncertainty
Topps Tiles has suffered a dip in full-year profits and warned that sales have slumped since Prime Minister Boris Johnson called a general election last month.
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NewsPets at Home profits spike in ‘strong’ first half
Pets at Home has said it expects to deliver a full-year profit at the top end of market consensus following a “strong” first half.
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NewsSports Direct to rebrand as Frasers Group
Sports Direct International has unveiled plans to rebrand as the Frasers Group next month to reflect its ‘elevation’ strategy.
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NewsLouis Vuitton owner completes deal for jeweller Tiffany & Co
The world’s biggest luxury goods company LVMH is set to buy US-based jeweller Tiffany & Co in a deal worth in excess of $16bn (£12.5bn).
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NewsIntu sells retail park as disposal programme continues
Institutional landlord Intu has completed the sale of an out-of-town retail park in Northern Ireland to NewRiver, as its chief executive continues his focus on fixing the business’ balance sheet through disposals.
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NewsClarks drafts in consultants amid store closure concerns
Clarks has drafted in management consultants to conduct a review of the ailing high street business amid fear of store closures and possible job losses.
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NewsThe Hut Group secures loan to invest in digital strategy
The Hut Group has secured millions of pounds worth of credit to invest in its online platform and build out its position as a digital leader in the beauty and wellness sector.
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NewsAlibaba kicks off £10bn share sale with Hong Kong listing
Alibaba has kick-started the sale of 500 million shares as part of the Chinese retail group’s plan to raise HK$100bn (£10bn) through a Hong Kong listing.
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NewsB&Q sales decline in ‘disappointing’ third quarter
B&Q parent company Kingfisher has registered falling sales as new boss Thierry Garnier says the group’s performance has been hampered by “organisational complexity”.