Latest finance news – Page 302
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NewsAo.com warns of price hikes from January
Online electricals retailer Ao.com confirmed that prices will go up from the end of January following the “softening” of the pound since Brexit.
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NewsEx-BHS owner Chappell fights to keep Retail Acquisitions
Former BHS owner Dominic Chappell is fighting a bid to put his Retail Acquisitions business into administration.
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NewsAo.com half-year profits rise as margin gains bear fruit
Ao.com has posted a surge in half-year profits and sales as gross margin gains and increased brand awareness bore fruit.
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NewsKingfisher third-quarter sales buoyed by UK business
B&Q owner Kingfisher has posted a 1.8% increase in like-for-like sales during its third quarter, driven by the performance of its UK division.
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NewsBusiness leaders protest Government block of rate appeals
Industry leaders have condemned a new Government block on appealing business rate bills.
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NewsBHS bosses could see legal action over cash
BHS bosses are facing legal action from the department store chain’s biggest creditor, the Pension Protection Fund (PPF).
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NewsBonmarché profits and sales slide in first half
Bonmarché boss Helen Connolly has pledged to return the business to growth, following plunging like-for-likes and profits in its first half.
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NewsGap sales slide for seventh consecutive quarter
California-based fashion retailer Gap said sales fell 1.5% to $3.8bn during its third quarter, with like-for-likes sliding 3%.
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NewsAgenda: Kingfisher, Bonmarché and Black Friday
Retail Week looks ahead to the next seven days with updates from Bonmarché, Kingfisher, AO.com and Mothercare preceding Black Friday.
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NewsStaples stores to disappear from UK high streets
Staples stores in the UK will be shuttered following the acquisition of the UK arm by HMV-owner Hilco for a “nominal” sum.
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NewsTesco to sell 'air rights' above stores
The sky is the limit for Tesco as it aims to exploit “air rights” above stores to release value from its property portfolio.
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NewsMajestic to up prices as it predicts Black Friday decline
Majestic’s boss has warned of price rises for UK wine drinkers, saying that increases will be the case at all UK retailers.
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NewsAsda like-for-likes tumble 5.8% in third quarter
Asda has posted a ninth consecutive quarter of falling like-for-likes as the Walmart-owned retailer reported a 5.8% slide in comparable sales.
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NewsMajestic Wine swings to half-year loss, but Gormley confident
Majestic Wine has reported a first-half loss of £4.4m, but sales rose and boss Rowan Gormley insists the “plan is working”.
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NewsTed Baker sales stay strong despite "challenging" conditions
Ted Baker has posted a 14.8% jump in third-quarter group sales despite continued “challenging trading conditions”.
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NewsBreakfast briefing: Premium Foods, Boxing Day and more
Retail news round-up: Shoppers in Northern Ireland increase, Premium Foods less impacted by Brexit and petition for shops to be closed on Boxing Day reaches 170,000.
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NewsInflation falls as low clothing prices take hold
The UK’s rising inflation rate has been dampened by cheaper clothing prices, the Office for National Statistics has said.
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NewsBHS: Chappell given extension over administration threat
Former BHS owner Dominic Chappell has been handed an extension to try and prevent his business venture, Retail Acquisitions, from being put into administration.
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NewsB&M half-year profits climb as new stores drive growth
B&M has recorded an increase in profits during its first half as new store openings across the UK and Germany drove sales growth.
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NewsCard Factory sales jump as it targets store expansion
Card Factory has posted a jump in sales over the first three quarters of its financial year as it presses ahead with an aggressive store opening programme.