Latest finance news – Page 220
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NewsShoppers take to the high street for ‘Super Saturday’ deals
Retailers benefited from a rise in high street footfall on ‘Super Saturday’ when consumers undertook last-minute Christmas shopping.
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NewsConsumer confidence sinks to five-year low
Consumer confidence fell to a five-year low in December as shoppers’ faith in the outlook for the economy was shaken.
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NewsBoots launches cost-cutting exercise as profits fall
Boots will embark on a cost-cutting strategy after global profits fell because of tough UK trading conditions.
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NewsUnited Carpets profits plunge but recent trading rallies
Profits plunged from £589,000 to £121,000 at United Carpets, the UK’s third biggest flooring retailer, after a “very challenging” first half but it sees “encouraging signs” in recent performance.
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NewsBusiness rates to be investigated by MPs
MPs will examine the controversial business rates system as the fate of embattled high streets continues to prompt concern.
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NewsOnline sales growth hits seven-year low in November
Online retail has suffered its worst November sales growth since 2011 after lacklustre Black Friday trading.
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NewsJohn Lewis sales rise gives pre-Christmas boost to retailers
John Lewis’ sales rose last week, buoying retailers that had been braced for a dismal festive trading period.
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NewsChristmas discounts edge towards record levels
Record levels of discounting are expected in the run-up to Christmas, with retailers poised to slash prices by almost 50% by December 24.
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NewsH&M records fourth-quarter sales increase
H&M posted a rise in sales in its final financial quarter but did not provide guidance on its full-year profit expectations.
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NewsAsos warns on profits after tough November trading
Asos has issued a profit warning after torrid trading conditions in November.
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NewsDebenhams chair Cheshire tells Ashley: ‘Put up or shut up’
Debenhams chairman Sir Ian Cheshire has told Sports Direct tycoon Mike Ashley to make a formal offer for the department store group if he wants to take control.
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NewsThe Entertainer snaps up Spanish toy retailer Poly
Toy specialist The Entertainer has acquired Spanish counterpart Poly, which has 57 toy shops in its home country.
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NewsAshley pleads with Debenhams boss – accept our help or fail
Mike Ashley has written to the board of Debenhams, urging them to accept funds from Sports Direct or risk not surviving.