Latest finance news – Page 283
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NewsCard Factory poaches Edinburgh Woollen Mill finance boss
Card Factory has announced new chief financial officer Kristian Lee, who held the same role at Edinburgh Woollen Mill for the past five years.
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NewsDebenhams profits fall as it unveils new strategy
Debenhams has posted a drop in pre-tax profits as new boss Sergio Bucher unveiled a digitally focused strategy to “define clearly what Debenhams stands for.”
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NewsPrimark profits rise amid warning over margins
Primark has posted a jump in profits and sales during its first half as new store openings boosted revenues.
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NewsTesco offloads opticians business to Vision Express
Tesco has sold its opticians business to Vision Express as the grocer continues a drive to “simplify its business.”
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NewsBurberry retail sales rise driven by UK performance
Burberry has registered a jump in retail sales during its second half, driven by the “exceptional performance” of its UK business.
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NewsBonmarché profits on track despite like-for-likes slump
Bonmarché expects full-year profits to meet expectations despite suffering a slump in like-for-like sales in its stores.
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NewsNext boss Wolfson's pay slashed after fall in profits
Next boss Lord Wolfson’s pay package was more than halved after the fashion giant suffered declining profits for the first time in eight years.
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NewsJaeger swings axe on stores and head office jobs
Jaeger’s administrators have swung the axe on the collapsed retailer’s “financially unviable” stores in a move that will result in more than 200 job losses.
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NewsB&Q boss Michael Loeve to leave after two years in role
B&Q chief executive Michael Loeve is to step down after almost two years at the helm of the DIY chain, Retail Week can reveal.
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NewsHouse of Fraser to reveal new boss by end of the month
House of Fraser will reveal its new chief executive by the end of this month, following the resignation of Nigel Oddy last October.
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NewsHouse of Fraser reports full-year profits rise
House of Fraser more than doubled its pre-tax profits last year to £3.4m from £1.3m.
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NewsTesco business rates bill to fall by more than £100m
Tesco is to benefit by £105m from lower business rates over five years, according to a study by rents and rates specialist CVS.
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NewsSports Direct snaps up two US outdoor goods retailers
Sports Direct has bagged two US outdoor chains after making a debt purchase and loan.
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NewsQuiz eyes £200m float as founding family seeks payday
Fashion retailer Quiz is considering a £200m stock market listing.
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NewsBreakfast briefing: Tesco, high street sales and more
Retail news round-up: Tesco benefits from business rate cut, high street reports boost in sales owing to Easter, and Burberry to report surge in sales
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NewsPep & Co suffers loss as investment hits bottom line
Pep & Co suffered a pre-tax loss in its first 15 months of trading after ploughing investment into its rapid store opening programme.
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NewsBreakfast briefing: Pep & Co, Soletrader and more
Retail news round-up: Soletrader reports surge in profit and Pep & Co sales reach £29m
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NewsToday in retail: Tesco and WHSmith celebrate progress
Today has brought a raft of financial results and Tesco’s prelims, inevitably, grabbed most of the attention.
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NewsTesco's Lewis: Booker deal won't spark overseas disposals
Tesco boss Dave Lewis has categorically ruled out any further disposals of international businesses, despite the grocer’s planned takeover of Booker.
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NewsDunelm like-for-likes slip in ‘volatile’ environment
Homewares retailer Dunelm suffered a drop in same-store sales as, it said, the homewares market continues to decline.