Latest finance news – Page 214
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NewsMySale warns of first half loss as revenues slump
MySale has warned it expects to post a first-half loss amid “challenging” trading conditions.
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NewsSuperdry posts third-quarter sales fall
Fashion retailer Superdry has reported a fall in quarterly sales.
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NewsMade.com posts sales jump in ‘record’ year
Furniture etailer Made.com’s full-year UK revenue hit £100m for the first time in what boss Philippe Chainieux heralded as “a strong year”.
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NewsUnilever snaps up healthy snacking firm Graze
Unilever has acquired Graze for a reported £150m after fending off interest from FMCG giants such as Pepsi and Kellogg’s.
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NewsHMV's 27 store closures revealed
HMV administrator KPMG has named the 27 stores set to close, including the retailer’s Oxford Street flagship.
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NewsOcado boss refuses to rule out M&S deal
Ocado chief executive Tim Steiner has refused to rule out cutting short the online grocer’s current deal with Waitrose in favour of Marks & Spencer.
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NewsHMV sold to Canadian music retail tycoon
Entertainment retailer HMV has been acquired by Canadian music mogul Doug Putman.
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NewsOcado promises ‘long-term value’ as profits fall
Online grocer Ocado has recorded a fall in full-year profits but said its growth story “is only just beginning”.
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NewsCanadian buyer is front-runner for HMV
A Canadian record store retailer is the front-runner to buy HMV and could dash Mike Ashley’s hopes of acquiring yet another ailing high street name.
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NewsOddbins calls in administrators, 550 jobs at risk
Oddbins has tumbled into administration putting 550 jobs at stake.
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NewsAgenda: Ocado and Superdry update the market
Retail Week looks ahead to the next seven days with updates from Ocado and Superdry on the agenda.
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NewsScS pulls out of running to snap up Sofa.com
ScS has pulled out the race to buy fellow furniture specialist Sofa.com, seemingly paving the way for Sports Direct tycoon Mike Ashley to snap up the business.
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NewsMPs launch inquiry into impact of business rates
The Treasury Committee has launched a fresh inquiry into the much-maligned business rates amid warnings that a further 100,000 shops will close this year.
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NewsH&M profits slump in 'challenging' year
H&M has suffered a slump in full-year earnings after what its chief executive described as a “challenging year”.
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NewsConsumer confidence in UK economy slumps to seven-year low
Consumer confidence slumped in January as concerns about personal finances and the UK’s economic outlook heightened.
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NewsOddbins warns of redundancies as advisers weigh options
Off-licence business Oddbins has warned of job losses after appointing advisers to look at its options following an “extremely tough” Christmas.
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NewsMike Ashley mulling Patisserie Valerie deal
Mike Ashley is reportedly considering making a bid for Patisserie Valerie, a move which would give him even greater control of the high street.
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NewsPeacocks: Payment changes have ‘nothing to do’ with market
Peacocks has hit out at suggestions it is in poor financial health after it instituted new payment terms for suppliers.
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NewsNo-deal Brexit will leave grocery shelves empty, BRC warns
Supermarkets would be plagued by empty shelves and higher food prices in the event of a no-deal Brexit, grocery retailers have warned.
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NewsMike Ashley ‘demands rent holiday’ over possible HMV deal
Sports Direct owner Mike Ashely is reportedly seeking a “six-month rent holiday” from HMV landlords if he were to save the music retailer.