Latest finance news – Page 284
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NewsWHSmith travel arm takes off but high street sales fall
WHSmith’s travel division was once again the star performer for the retailer in its half-year, but sales fell at its high street business.
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NewsTesco profits surge as grocer performs ahead of plan
Grocery giant Tesco has reported a steep rise in earnings and expects to sustain momentum as its strategy bears fruit.
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NewsJD Sports to invest to hike up outdoor profits
JD Sports’ outdoor fascia turned a full-year profit for the first time, and finance boss Brian Small said the division’s profits will “undoubtedly” continue to grow.
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NewsMissguided calls in Rothschild to explore options
Missguided has called in City advisers Rothschild to help it explore its sale or float options.
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NewsJD reveals rocketing profits and sales at full-years
JD Sports has reported soaring profits and sales in what executive chairman Peter Cowgill termed “another period of very significant progress” for the group.
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NewsBreakfast briefing: Missguided and Tesco
Retail news round-up: Missguided explores option for sale, and court agrees Tesco and Serious Fraud Office settlement
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NewsJaeger tumbles into administration, 680 jobs at risk
Jaeger has tumbled into administration leaving the future of its 680 staff and 46 stores hanging in the balance, Retail Week can reveal.
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NewsBreakfast briefing: Tesco, Primark and more
Retail news round-up: Tesco to reveal annual increase in profits, Primark owner seeks new chairman, and UK spending increases.
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NewsToday in retail: Anglo-French relations looking good
Brexit negotiations have failed to sour the appetite for international expansion in the beauty world, as today’s deal between Feel Unique and The Beautyst proves.
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NewsJaeger files intention to appoint administrators
Jaeger has filed a notice of intention to appoint administrators in an effort to ward off potential action from creditors.
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NewsAnn Summers profits flat as it eyes overseas expansion
Ann Summers posted flat full-year profits and a rise in like-for-like sales as the retailer prepares to expand its wholesale operation internationally.
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NewsFeelunique buys The Beautyst to drive French expansion
Feelunique has acquired French beauty etailer and social media platform The Beautyst to bolster its European expansion plans.
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NewsInsolvency Service chases former BHS owner Chappell
The Insolvency Service is taking legal action against former BHS owner Dominic Chappell for failure to provide information relevant to its inquiry into the retailer’s collapse.
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NewsToday in retail: Co-op makes £132m full-year loss
The Co-operative swung to a £132m loss in its full-year results today, but the group’s grocery arm is growing at pace.
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NewsBrighthouse reform plan closes in on FCA approval
Brighthouse said that the Financial Conduct Authority is minded to authorise the retailer’s business provided it refinances its debt and maintains its business reform plan.
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NewsBoots retail sales edge up as pharmacy division falters
Walgreens Boots Alliance posted a drop in its second-quarter sales as a poor international performance and currency fluctuations offset rising domestic sales.
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NewsSouth Korean business giant CJ Group eyes Body Shop bid
The South Korean business conglomerate CJ Group are considering a bid for struggling beauty retailer The Body Shop.
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NewsFindel new chief exec appointed amid profit warning
Findel has issued a profit warning and appointed new chief executive Phil Maudsley, formerly of the group’s Express Gifts division.
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NewsMothercare reveals final quarter like-for-like growth
Mothercare has reported a rise in UK like-for-likes in its fourth quarter against improving conditions in its challenging international territories.
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NewsCo-op swings to loss but food like-for-likes rise
The Co-op registered a statutory pre-tax loss but a rise in like-for-likes sales in its convenience business in what chairman Allan Leighton termed an “exceptional year.”