Latest finance news – Page 287
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NewsToday in retail: Next braces for 'tough year'
Next posted its first fall in full-year profits in eight years as boss Lord Wolfson warned that the retailer was set for “another tough year”.
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NewsBlue Inc CVA 'unanimously' approved by creditors
Blue Inc’s company voluntary arrangement (CVA) has been “unanimously” approved by creditors following a crunch vote.
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NewsTed Baker profits jump as its global retail sales surge
Ted Baker has posted a jump in full-year profit, driven by sales growth in all of its key markets.
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NewsNext warns of further headwinds as profits tumble
Next has suffered a drop in full-year profits and its chief executive Lord Wolfson warned of further “external headwinds” in the year ahead.
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NewsBrantano enters administration with 1,000 jobs at risk
Brantano has tumbled into administration putting the future of its 73 stores and 64 concessions at risk.
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NewsShoe Zone circles Brantano as administration looms
Shoe Zone has reportedly tabled a bid to buy ailing value footwear chain Brantano as it teeters on the edge of administration
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NewsKingfisher profits rise, RFU chairman replaces Bernard
Kingfisher has revealed rising profits and like-for-likes and named Rugby Football Union chairman Andy Cosslett as its chairman, succeeding Daniel Bernard.
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NewsToday in retail: Food price hikes drive inflation
Rising food prices helped drive up inflation to 2.3% last month – its highest level for three-and-a-half years
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NewsFood price rises drive inflation to three-year high
Rising food prices helped drive inflation to its highest level for three and a half years last month, official figures have revealed.
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NewsSeasalt sales rocket amid store expansion drive
Seasalt’s sales have soared, driven by like-for-like growth and an increased store estate.
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NewsScS posts rise in sales and earnings in first half
ScS, the sofas and floorings specialist, has reported a rise in interim profits and expects to meet full-year expectations.
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NewsBreakfast briefing: Tesco, BHS and more
Retail news round-up: Tesco-Booker deal to come under scrutiny, former BHS executives to benefit from pension deal, and Sports Direct loses trademark battle
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NewsToday in Retail: Tesco and White Company look overseas
As many retailers face into turbulent trading conditions on home soil, two of Britain’s finest have made headlines with their international operations today.
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NewsParliamentary inquiry to dig deeper on business rates
A parliamentary inquiry aimed at levelling the playing field between bricks-and-mortar retailers and their offline rivals is being taken up a gear.
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NewsBreakfast briefing: high street footfall, Next and more
Retail news round-up: Footfall on UK high street declines, and Next may report drop in profit
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NewsEdinburgh Woollen Mill new ‘frontrunner’ to buy Jaeger
Edinburgh Woollen Mill owner Philip Day has emerged as the frontrunner to acquire Jaeger, according to reports.
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NewsHouse of Fraser to cull brands and relaunch website
House of Fraser is cutting the number of brands it sells as part of a strategic overhaul under its Chinese owners.
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NewsToday in Retail: What’s eating core sales at Sainsbury’s?
Today’s update from Sainsbury’s suggests the grocery giant has been buoyed over the last nine weeks by a 4.3% spike in like-for-likes at Argos and a 5% sales jump within fashion brand Tu.
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NewsKurt Geiger and Endless eye up Jones Bootmaker deal
Footwear retailer Kurt Geiger and turnaround specialist Endless are among potential buyers of embattled Jones Bootmaker, it is understood.
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NewsArgos outshines parent Sainsbury’s in fourth quarter
Grocery and general merchandise giant Sainsbury’s generated a like-for-like sales rise of 0.3% in the fourth quarter, including the contribution from Argos.