Latest finance news – Page 263
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NewsKingfisher sales and profits rise despite ‘disruption'
B&Q and Screwfix owner Kingfisher has reported increased sales and profits at the interim mark, but said “business disruption” hurt its like-for-like sales.
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NewsHoF losses widen as transformation costs bite
House of Fraser has posted widening losses and a drop in like-for-like sales in its half-year update, but new boss Alex Williamson is “optimistic”.
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NewsToday in retail: French Connection flies in fresh faces
French Connection has parachuted in two new non-execs including Shop Direct alumna Sarah Curran as it shaved down its interim losses.
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NewsWalgreens Boots Alliance wins Rite Aid deal approval
Walgreens Boots Alliance has won regulatory approval to take over a clutch of Rite Aid’s stores and warehouses after scaling back its planned acquisition.
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NewsOcado CFO cautions on costs as it grows new warehouse
Ocado has cautioned that costs will rise in its current financial year as it presses ahead with plans to grow its new Andover warehouse.
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NewsOcado sales soar as it scales up fulfilment centres
Ocado sales continued to rise in its third quarter, with group sales up 14.3% in the 13 weeks to August 27.
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NewsToys R Us files for bankruptcy protection in N. America
Toys R Us’ American and Canadian business has filed for bankruptcy protection, just two weeks after it hired lawyers to explore restructuring options.
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NewsFrench Connection losses shrink as non-execs replaced
French Connection narrowed its losses during its first half, despite suffering falling sales.
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NewsKurt Geiger profits jump as online sales surge
Kurt Geiger has posted a jump in full-year profits and sales driven by spikes in sales online and within its women’s categories.
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NewsTesco-Booker merger would ‘impact’ P&H, Bestway warns
Tesco’s proposed acquisition of Booker could put the latter’s ailing wholesale rival Palmer & Harvey out of business, Bestway has warned.
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NewsTK Maxx profits fall amid store openings and rising wages
TK Maxx has posted a slump in full-year profits following investment in new stores and a hike in wage expenses.
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NewsJD Sports nets stake in South Korean chain Hot-T
JD Sports has snapped up a stake in South Korean retailer Hot-T as it presses ahead with its international expansion push.
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NewsAgenda: Kingfisher, Ocado and supermarket sales data
Retail Week looks ahead to the next seven days, with updates from Ocado, Kingfisher and the latest grocery sales data all on the agenda.
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NewsToday in retail: Mixed bag from John Lewis, Next, Morrisons
Having become somewhat accustomed to a cautious and often pessimistic approach, Next boss Lord Wolfson changed his tune today.
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NewsMorrisons' Potts: Inflation will 'taper down' next year
Morrisons boss David Potts has hailed the impact of its ‘Price Crunch’ initiative in minimising food price inflation, which he believes will subside next year.
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NewsJohn Lewis Partnership profits halve despite sales rise
John Lewis’ half-year pre-tax profits have crashed despite a modest rise in sales across the Partnership.
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NewsEve Sleep racks up losses as sales flourish
Eve Sleep, which floated on the AIM in May, has reported mounting pre-tax losses in its first-half, during which sales rocketed 126%.
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NewsDunelm profits hit by Worldstores in ‘subdued’ year
Dunelm suffered a fall in pre-tax profits but said sales increased in its second and final full year under former boss John Browett.
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NewsToday in retail: JD Sports races ahead with soaring profits
JD Sports continued its run of beating its competitors to the finishing line today, posting rocketing profits and revenues.
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NewsJD Sports profits and sales climb in ‘record’ half-year
JD Sports has posted a jump in profits and sales for its interim results, bolstered by international store expansion and online growth.