Latest finance news – Page 270
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NewsGovernment to base business rate rises on CPI inflation
The Government has promised to base future business rates on the CPI measure of inflation, which is expected to benefit many businesses including retailers.
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NewsDixons Carphone disposes of Spanish business for €55m
Dixons Carphone has agreed to dispose of its entire holdings in The Phone House Spain for €55m (£48.4m).
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NewsAgenda: Mike Ashley’s Sports Direct updates the market
Retail Week looks ahead to the next seven days, with an update from the beleagured Mike Ashley’s Sports Direct on the agenda.
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NewsBurberry shareholders revolt over Bailey’s pay
Burberry shareholders have rebelled over the high pay of executives, with almost one third of investors refusing to back the proposed wage packets.
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NewsBreakfast briefing: Topshop and pension regulator
Retail news round-up: Topshop and Topman record increase in profits, and The Pensions Regulator gets power to avoid BHS-type scandals
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NewsN Brown suffers £40m setback over insurance products
N Brown has warned it will incur up to £40m in exceptional costs this year after unearthing “flaws” in general insurance products it previously sold.
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NewsAsos sales spike as it ploughs investment into tech
Asos has posted a jump in third-quarter sales, bolstered by a leap in its active customer and total order numbers.
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NewsSport Direct’s Mike Ashley snaps up 25% stake in Game
Mike Ashley has added to the list of retailers he has invested in and swooped on a 25.75% stake in struggling retailer Game.
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NewsBreakfast briefing: Missguided, Sports Direct and more
Retail news round-up: Missguided's financial boss quits; Mike Ashley acquires 25% stake in Game Digital; and Aldi and Lidl offer lowest prices on school uniforms.
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NewsToday in retail: Is B&M set for a Brexit bonanza?
After unveiling rocketing first-quarter sales, B&M boss Simon Arora reaffirmed his belief that the impact of Brexit on the economy would attract new customers.
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NewsEve Sleep expands tie-up with Next Home as sales rise
Eve Sleep, which floated two months ago, has unveiled a major expansion of its partnership with Next Home and strong sales growth.
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NewsTesco-Booker deal to face in-depth competition probe
Tesco’s proposed tie-up with wholesaler Booker is to be subjected to an in-depth probe by the Competition and Markets Authority (CMA).
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NewsBurberry sales creep up as Asia Pacific rallies
Burberry’s sales have crept up during its first quarter, boosted by an improvement in its tricky Asia Pacific market.
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NewsB&M sales soar as Arora hails best Q1 in years
Value retailer B&M’s sales have rocketed during what boss Simon Arora described as its strongest first quarter in three years.
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NewsStore Twenty One collapses into liquidation
Store Twenty One has collapsed into compulsory liquidation, sparking the loss of 900 jobs.
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NewsM&S boss Rowe downplays food like-for-like drop
Marks & Spencer boss Steve Rowe has downplayed the significance of the like-for-like dip in its grocery sales during the first quarter of the year.
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NewsM&S stems fashion decline as full-price sales spike
Marks & Spencer has stemmed the rate of sales decline in its crucial fashion division and hailed further growth in full-price sales.
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NewsJune retail sales rise helped by weather and inflation
Retail sales rose by 1.2% like-for-like in June as warm weather benefited categories ranging from summer clothing and outdoor toys to food.
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NewsToday in retail: Lidl's new boss lays down the gauntlet
He may be the new kid on the block, but Lidl UK’s boss Christian Härtnagel is proving he’s ready to mix it with his more experienced rivals.
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NewsMatalan’s full-price focus boosts profits and sales
Matalan’s profits and sales have rocketed in its first quarter, which the retailer has attributed to its ongoing focus on full-price sales.