Latest finance news – Page 23
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NewsIssa brothers' EG Group posts ‘strong trading’ and profit growth
EG Group has reported “strong trading” in which it saw profits rise driven by growth in the US and Europe.
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NewsLandlord Hammerson hails ‘transformative’ year as new stores drive sales
Hammerson, which owns shopping centres including Brent Cross, Bullring & Grand Central and The Oracle among others, has said it is a “repositioned business” going into 2025 following a “transformative and successful” year.
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NewsPart-time retail jobs ‘at risk’ due to the impact from the Budget
Around one in 10 part-time jobs could be at risk due to the impact of the Budget and upcoming regulatory changes, the British Retail Consortium (BRC) warned.
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NewsVictorian Plumbing sees rise in revenue after growth initiatives
The increase, for the first 21 weeks of FY25, comes after the opening of a semi-automated distribution centre in December 2024.
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NewsShein’s profits have plummeted ahead of London listing
Fast-fashion giant Shein’s profits plummeted by more than a third last year, according to reports, ahead of its highly-anticipated London listing.
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NewsJust Eat is being acquired by a Dutch-based technology investment firm
Takeaway and delivery platform Just Eat has agreed to a €4.1bn (£3.4bn) takeover by a Dutch-based technology investor, Prosus.
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NewsB&M CEO to step down as the discounter cuts its profit guidance again
B&M has announced its chief executive is retiring as the discounter cuts its profit guidance for a second time this year.
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NewsAsda has avoided fines despite missing the deadline for its £800m IT upgrade
Walmart has offered its former business Asda a lifeline after the UK supermarket chain missed a crucial deadline for an £800m technology overhaul.
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NewsAldi ups pay for second time in a month on back of Lidl’s increase
Value grocer Aldi has announced a further pay rise for staff, just a month after originally revealing a higher rate.
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NewsThe Original Factory Shop has been bought by Hobbycraft’s owner
The Original Factory Shop has been purchased by Modella Capital, the owner of retailer Hobbycraft.
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NewsConsumer confidence has risen despite cost-of-living crisis being ‘far from over’
Consumer confidence has risen two points in February, as the public is more optimistic about their personal finances in the year ahead despite the ongoing cost-of-living crisis being “far from over”.
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NewsWalmart sales and income climb as media business grows
Top retailer Walmart has posted a rise in sales and earnings, bolsted by its fast-growing advertising business.
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NewsFashion retailer Quiz calls in administrators
Clothing group Quiz has brought administrators on board, likely leading to job losses and store closures.
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NewsConsumer confidence hits ‘new low’ as energy bills rise looms
Consumer sentiment has stepped back this month, when confidence in the state of the economy fell.
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NewsThe Very Group has delivered an ‘improved performance’ as profit grows
The Very Group has recorded an “improved performance” as it saw profits rise but its revenue slipped.
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NewsClub L London’s sales have surged as it targets global expansion
Fashion retailer Club L London has seen its turnover rocket in its most recent financial year as it targets international expansion in 2025.
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NewsThe Perfume Shop has recorded strong Valentine’s sales
The Perfume Shop has reported higher sales in the lead-up to Valentine’s Day as consumers flocked to the stores to buy gifts.
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NewsUK wage growth still outpacing inflation
Average wages grew by 2.5% in real terms between October and December 2024 versus the same period in 2023.
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NewsShein exec says 'growth remains strong' amid tariff worries
Donald Tang, executive chairman at the retailer, was reassuring investors in a letter seen by Reuters.
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NewsTopps Tiles’ CTD acquisition has triggered CMA concerns
The Competition and Markets Authority (CMA) has identified competition issues with Topps Tiles acquisition of CTD Tiles.