Latest finance news – Page 187
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NewsRicher Sounds steals market share as profits rise
Richer Sounds registered increases in sales and profits during its full-year results.
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NewsPhilip Green races to repay £300m loan before Christmas
Sir Philip Green is in a race to raise some £300m before Christmas to repay a loan secured against Topshop’s London flagship.
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NewsMothercare notifies intent to appoint administrators
Mothercare has announced that it has notified an intention to appoint administrators and claimed its store estate was not “attractive enough” for third-party franchise operators.
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NewsEx-Sainsbury’s boss urges VAT increase to save high street
Former Sainsbury’s chief executive Justin King has said business rates for retailers should be halved and VAT increased to 22% in a bid to save the flagging high street.
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NewsAgenda: Primark, Sainsbury’s and M&S update the market
Retail Week looks ahead to the next seven days with updates from Primark, Sainsbury’s and M&S on the agenda.
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NewsAll Saints returns to profit as international sales climb
All Saints recorded a return to profitability in its full-year results spurred by sales growth across its non-retail channels.
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NewsTesco and Co-op bosses set out plans to save the high street
Dave Lewis and Steve Murrells have co-written an article setting out a “two-part shake-up” to business rates that they say will “save the high street”.
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NewsCarpetright investor considers takeover offer
Carpetright is in talks about a potential takeover offer from its financier Meditor as the retailer seeks cash to repay debt and provide working capital.
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NewsConsumer confidence falls as Brexit uncertainty takes toll
Consumer confidence declined in October as political and Brexit uncertainty bit.
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NewsZalando sales surge as shopper visits climb
Online fashion giant Zalando has posted a rise in quarterly sales as its customer base grew.
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NewsGovernment must fix ‘broken’ business rates system, say MPs
A Treasury committee report has called on the government to fix the “broken” business rates system as it is outpacing inflation and places a greater cost on high street shops than online businesses.
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NewsSports Direct criticises CMA over ‘inaccurate’ supply estimates
Sports Direct has lashed out at the CMA for publishing “inaccurate estimates” of its access to product as part of the watchdog’s phase two investigation into the JD Sports-Footasylum merger.
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NewsNext in-store sales fall but profit expectations remain unchanged
Next has reported a fall in full-price sales from stores but saw a big upturn in online sales in its third quarter, ensuring that its profit expectations for the year remain unchanged.
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NewsSchuh swings to loss after second ‘extremely challenging’ year
Schuh fell to a loss for the financial year, with the retailer blaming a “second consecutive year of extremely challenging conditions” in the sector.
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NewsWalgreens Boots Alliance ups cost-cutting drive as full-year profits fall
Walgreens Boot Alliance (WBA) has recorded a decline in full-year profits despite increased sales in what chief executive Stefano Pessina described as “a challenging operating environment.”
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NewsSosandar sales soar following ‘aggressive marketing strategy’
Sosandar has posted a jump in sales following investment in its marketing strategy and broadening product ranges.
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NewsSports Direct boss Ashley embroiled in legal row over US deal
Sports Direct boss Mike Ashley has become embroiled in a fresh legal battle over his bold bid to expand into the US.
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NewsShop Direct owners Barclay family consider sale
Shop Direct could be sold off by its owners the Barclay family as part of a wide-ranging review of its stable of British investments.
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NewsTK Maxx full-year profits and sales soar
TK Maxx has reported upturns in both total sales and gross profit for the financial year as it continued to open new stores across the UK.
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NewsAgenda: Next and Zalando update the market
Retail Week looks ahead to the next seven days with updates from Next and Zalando on the agenda.