Latest finance news – Page 222
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NewsJoules sales soar as it ups profit expectations
Joules’ sales jumped 17.6% to £113.1m in its first half as it raises profit expectations.
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NewsTravis Perkins to ‘review options’ for Wickes
Wickes owner Travis Perkins will “review the options for maximising the value” of the retailer as part of a drive to “simplify” the wider group.
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NewsSainsbury's-Asda would create 'duopoly', Morrisons says
Morrisons has warned competition authorities that the proposed merger between Sainsbury’s and Asda would create “an effective duopoly” in grocery retail.
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NewsMcColl’s warns on profits due to Palmer & Harvey demise
McColl’s boss Jonathan Miller said the collapse of Palmer & Harvey has caused “significant supply chain disruption” and hampered profits.
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NewsNews in brief: Monday 3 December
McColl’s issues a profit warning and Ted Baker staff launch petition against “forced hugging” by its founder and chief executive.
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NewsFortnum & Mason profits boosted by international sales
Fortnum & Mason has hailed a spike in sales and profits in what it dubbed a “stellar year of growth”.
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NewsAgenda: Mike Ashley, McColl’s, Joules and Ted Baker
Retail Week looks ahead to the next seven days, with Mike Ashley’s meeting with MPs and updates from McColl’s, Joules and Ted Baker on the agenda.
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NewsIkea profits drop as it ramps up transformation spend
Ikea has suffered a slump in full-year earnings after ploughing investment into opening smaller stores and improving its ecommerce business.
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NewsWhittaker scraps Intu bid amid economic ‘uncertainty’
A consortium led by John Whittaker has scrapped its bid for shopping centre owner Intu, blaming macroeconomic “uncertainty” and “potential near-term volatility” in financial markets.
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NewsThe Range boss Nigel Oddy to exit after IPO put on ice
The Range chief executive Nigel Oddy is to leave the value retailer little more than a year after joining, Retail Week can reveal.
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NewsSainsbury's-Asda merger could increase prices, rivals warn
The proposed merger between Sainsbury’s and Asda could spark an increase in prices for consumers, two of its grocery rivals have warned.
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NewsPets at Home profits tumble amid vet business review
Pets at Home has suffered a slump in half-year profits amid plans to buy back around 55 veterinary practices from joint venture partners.
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NewsTopps Tiles profits slump amid store investments
Topps Tiles has suffered a sharp drop in full-year profits as it pressed ahead with investments in its store network and Parkside commercial division.
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NewsQuiz profits climb despite ‘challenging’ market
Quiz has posted an increase in sales and profitability despite what it called “challenging external market conditions”.
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NewsAgenda: Quiz, Pets at Home, Topps Tiles and Intu
Retail Week looks ahead to the next seven days with updates from Quiz, Pets at Home, Topps Tiles and Intu all on the agenda.
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NewsHomebase secures £95m loan to finance turnaround
Homebase has secured a war chest to help finance its turnaround plans.
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NewsMoody’s brands New Look debt 'unsustainable'
Moody’s has downgraded New Look’s credit rating, calling its debt levels “unsustainable” and its cash flow “insufficient”.
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NewsMajestic swings to red amid customer acquisition plan
Majestic Wine has swung to a half-year loss as the retailer ramps up investment in acquiring new customers.