Latest finance news – Page 272
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NewsUpdated: SuperGroup full-year profits and sales soar
Superdry parent company SuperGroup released its full-year results early after a preliminary draft of the figures was stolen from an employee.
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NewsHobbs approached by Phase Eight owner Foschini
Foschini, the South African group that owns Phase Eight and Whistles, has thrown its hat into the ring to buy womenswear brand Hobbs, The Sunday Times reported.
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NewsNisa axes staff bonuses and Sainsbury’s talks advance
Nisa, which is in the process of negotiating a possible £130m takeover by Sainsbury’s, has reportedly denied 280 head office staff their annual bonus, despite hitting targets.
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NewsBreakfast briefing: Mothercare, Sports Direct and more
Retail news round-up: Mothercare records surge in profits and sales; Sports Direct's Mike Ashley in legal battle; and Jigsaw gives £493,000 to workers.
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NewsToday in retail: Is it nearly Game over?
Ailing computer gaming specialist Game today delivered the second profit warning of the month in the retail sector.
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NewsNisa full-year profits rise despite sales dip
Nisa posted a rise in profits but adjustments in the retailer’s store portfolio dampened sales.
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NewsGame issues profit warning as UK sales falter
Game said its full-year profits will be “substantially below previous expectations” as sluggish UK demand drags down overall sales.
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NewsConsumer confidence slumps post-UK election
Consumer confidence fell across all measures in June as the result of the General Election dampened shoppers’ inclination to make big-ticket purchases.
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NewsAgenda: Sainsbury’s, Ocado, Booker and Supergroup update
Retail Week looks ahead to the next seven days, with updates from Sainsbury’s, Ocado, Booker, Supergroup and Dunelm on the agenda.
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NewsBreakfast briefing: SuperGroup, Apple and more
Retail news round-up: SuperGroup reports boost in profits; Apple records drop in profit amid rise in revenues; and H&M's sales and profits increase.
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NewsWalgreens Boots sales up as Rite Aid merger scrapped
Walgreens Boots Alliance’s domestic sales edged up in its third-quarter but the pharmacy giant was hit by currency fluctuations and scaled back its proposed takeover of Rite Aid.
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NewsToday in retail: Bunnings gives B&Q a headache
Heads could well be pounding at Kingfisher HQ this afternoon after Bunnings revealed it was ramping up its assault on the UK DIY market.
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NewsJD Sports posts sales rise but flags margin pressure
JD Sports has reported that like-for-like growth at its stores are “in line with our expectations”.
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Tesco urges CMA to fast-track Booker competition probe
Tesco has urged the Competition and Markets Authority to fast-track its investigation into the grocer’s planned merger with convenience business Booker.
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NewsBurberry climbs down as investors turn on executive pay
Burberry is trying to dampen investor wrath over its executive pay following the decision to hand generous share awards to two board members.
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NewsBreakfast briefing: Burberry and Zalando
Retail news round-up: Burberry criticized by investors and Zalando collaborates with Bestseller.
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NewsToday in retail: Have Tesco's job cuts gone too deep?
Tesco has made its second round of job cuts in less than a week, today culling 1,200 of its head office roles – around 25%.
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NewsTesco to axe 1,200 jobs in 'next step' of turnaround
Tesco is axing 1,200 jobs at its head office, just days after it revealed plans to cut more than 1,000 call-centre jobs.
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NewsDixons Carphone unveils record profit in year of change
Dixons Carphone has declared record pre-tax profit of more than half a billion as boss Seb James claims the retailer is now “well positioned to flourish”.
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NewsUpdated: The Body Shop sold to Brazilian beauty brand
L’Oréal has agreed to sell The Body Shop to Brazilian cosmetics manufacturer Natura Cosméticos for £880m as it seeks to ramp up its international credentials.