Latest finance news – Page 260
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NewsZara UK full-year profits drop despite surging sales
Zara’s British arm suffered a fall in earnings last year despite a spike in sales.
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NewsAgenda: Asos updates the market with its preliminary results
Retail Week looks ahead to the next seven days, with a preliminary update from Asos on the agenda.
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NewsToday in retail: WHSmith's new direction of travel
WHSmith’s travel division overtook its traditional high street presence for the first time this year, contributing the lion’s share of both profits and sales.
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NewsWHSmith profits up as travel sales outstrip high street
WHSmith posted a surge in pre-tax profits bolstered by its travel division, whose total sales surpassed its high street division for the first time.
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NewsTesco target Booker’s profits surge as sales rise
Tesco’s intended acquisition Booker has reported a jump in profits in its first half, although its sales rise was dampened by plummeting demand for tobacco.
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NewsN Brown partners with Amazon Fashion as profits edge up
N Brown has recorded a rise in profit bolstered by strong sales across its core brands.
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NewsDunelm like-for-likes jump but margins hit
Dunelm like-for-likes jumped 9.3% in its first quarter although gross margin was down 220 basis points.
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NewsQuiz sales surge in first half as online rockets
Quiz’s sales surged 35% to £56.1m in its first half as it continued its omnichannel expansion in the UK and overseas.
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NewsToday in retail: Co-op closes in on Nisa deal
The Co-op’s swoop for Nisa took a giant step forward today when the symbol group and wholesaler’s board recommended the £137.5m offer to shareholders.
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NewsNisa board recommends Co-op’s £137.5m offer
Nisa’s board has “unanimously” recommended the Co-op’s offer worth up to £137.5m to its shareholders.
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NewsTed Baker profits rise bolstered by international sales
Ted Baker has reported healthy increases in its interim profits and sales, driven by increased demand in America and Asia and a thriving ecommerce arm.
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NewsToday in retail: What next for Oasis, Coast, Warehouse?
Having been on the block for a number of months, Oasis, Coast and Warehouse will not be changing ownership after all.
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NewsMatalan profits rise boosted by full price sales
Matalan has posted a jump in second-quarter profits as surging full price sales and the performance of revamped stores boosted its bottom line.
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NewsBrightHouse circled by consortium of US hedge funds
BrightHouse is being circled by a consortium of bondholders as pressure mounts on the rent-to-own retailer to strike a refinancing deal.
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NewsOasis, Coast, Warehouse sale abandoned by Kaupthing
Icelandic bank Kaupthing has abandoned plans to sell Oasis, Coast and Warehouse after insisting the market “does not currently recognise the value” of the businesses.
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NewsNisa names Misra interim boss as first-half sales jump
Nisa named non-executive director Arnu Misra as interim chief executive as it unveiled an uplift in sales during its first half.
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NewsAgenda: Ted Baker, WHSmith, Quiz, Booker and N Brown update
Retail Week looks ahead to the next seven days, with financial updates from Ted Baker, WHSmith, Quiz, Booker and N Brown all on the agenda.
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NewsWholesalers call on CMA to block Tesco-Booker merger
The bosses of the UK’s seven biggest wholesale businesses have called on the Competition and Markets Authority (CMA) to block the deal.
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NewsToday in retail: DFS profits dive as big ticket divides
DFS unveiled an understuffed set of results today, demonstrating growing disparity in the big ticket market.
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NewsDFS profits plunge in ‘very challenging’ furniture market
Sofa stalwart DFS said full-year profits were hit by consumer uncertainty and sterling’s slump in the wake of the Brexit vote.