Latest finance news – Page 306
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NewsTravis Perkins warns on profits but consumer sales strong
Wickes owner Travis Perkins has warned group profits will be below market expectations, but third-quarter sales at its consumer business rose.
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NewsHotel Chocolat tastes success as full-year profits jump
Hotel Chocolat has posted soaring full-year profits and plans to open five more stores before Christmas.
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NewsSainsbury’s boss Coupe slams 'nonsensical' Argos critics
Sainsbury’s boss Mike Coupe has described it as “nonsensical” to suggest that Argos will not work alongside the grocer’s existing offer.
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NewsGap to scrap Banana Republic fascia in the UK
Gap has confirmed it will close all its Banana Republic stores in the UK, but will continue to trade the business online.
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NewsAsos boss Beighton: 'It’s more of the same from the GMB'
Asos’s Nick Beighton has hit back at an attack from union GMB claiming the fast-fashion retailer was “coining it in”.
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NewsAsos full-year sales soar as US shoppers drive growth
Asos has reported a jump in sales across its UK and international markets as its active customer numbers and average order value rose.
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NewsBurberry sales edge up, bolstered by luxury spend in UK
Burberry has recorded a marginal rise in its first-half sales, driven by tourist spend in the UK following the depreciation of the pound.
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NewsFashion sector suffers steepest sales decline since 2009
Fashion retailers have suffered their steepest sales decline in seven years after almost £700m was wiped off the value of the market.
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NewsHamleys profits fall following £1m cost of Chinese takeover
Hamleys pre-tax profit reported a fall in pre-tax profits after the cost of its Chinese takeover dented earnings.
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NewsSir Philip Green hires lawyer in bid to clear his name
Sir Philip Green has hired a top human rights lawyer in a bid to clear his name following the inquiry into the collapse of BHS.
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NewsRetailers to raise prices by 5% as pound hits new low
Retailers are preparing to raise prices by around 5% next year after the pound plummeted to a new low, analysts have warned.
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NewsMountain Warehouse puts IPO plan on ice
Mountain Warehouse has shelved plans for an IPO as the Brexit vote deterred its founder from floating the business, Retail Week can reveal.
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NewsAgenda: Asos, Boots and Burberry update as Bucher joins Debenhams
Retail Week looks ahead to the next seven days as Asos, Boots, Burberry and Travis Perkins update, while Sergio Bucher takes the reins at Debenhams.
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NewsLondis and Budgens owner Booker posts jump in profits
Food retailer and wholesaler Booker has hailed the progress of its Londis and Budgens chains after unveiling a jump in half-year profit.
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NewsGame presses button on dedicated gaming arenas
Game chief executive Martyn Gibbs has confirmed plans to roll out 10 in-store gaming arenas before Christmas, plus standalone gaming venues.
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NewsWHSmith’s profits rise as high street sales fall
WHSmith expects to report increased profits and group revenue for its full-year, but falling sales in its high street division.
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NewsGame profits plunge 84% in 'undoubtedly tough' year
Game’s pre-tax profits have plunged 84% in what boss Martyn Gibbs described as an “undoubtedly tough” year.
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NewsKurt Geiger doubles full-year pre-tax profits
Kurt Geiger has doubled its full-year pre-tax profits, despite multiple changes of ownership in recent years.
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NewsDixons Carphone hit by Samsung phone recall
Dixons Carphone’s share price took a nose-dive this week immediately after Samsung pulled its new Galaxy Note 7 from shelves.
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NewsNotonthehighstreet.com to focus on ‘core’ UK business
Notonthehighstreet.com has vowed to focus on its core UK business and expand its product range after it pulled its German site last year.