Latest finance news – Page 315
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NewsRetail competition drives prices down but at slowest rate in a year
The trend for deflation continued in July but the price of goods in shops fell at the slowest rate since August last year.
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NewsTravis Perkins’ retail division posts increased like-for-likes
Wickes owner Travis Perkins has posted a rise in like-for-likes for its first half, with current trading recovering following the EU referendum.
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NewsBHS: War of words escalates between 'evil' Sir Philip Green and Frank Field
Sir Philip Green has warned MP Frank Field that his scathing media attacks are putting a rescue plan for BHS pensioners at risk.
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NewsIndian etailer Koovs' losses widen despite sales jump
Koovs’ full-year losses have widened, despite rising sales, with operating costs soaring as its continued to target India’s fashion market.
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NewsMike Ashley fails in his bid to become Findel chairman
Home shopping group Findel has decided not to appoint Sports Direct’s Mike Ashley as chairman as it unveiled a 5.3% rise in sales.
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NewsConsumer confidence falls at sharpest rate in 26 years amid Brexit 'concern'
Consumer confidence plummeted in its sharpest month-on-month decline in 26 years as shoppers revealed “concern” following the Brexit vote.
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NewsLloydsPharmacy gets CMA green light to acquire Sainsbury's unit
LloydsPharmacy’s deal to buy Sainsbury’s pharmacy unit has had the go-ahead from competition authorities, but it must still sell some stores.
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NewsAgenda: Updates from Next, Pets at Home and Travis Perkins
Retail Week looks to the next seven days with updates from Next, Pets at Home and Wickes owner Travis Perkins all on the agenda.
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NewsSports Direct begins £90m share buyback and plans more
Sports Direct has begun the process of buying back nearly £90m worth of its own shares, and has plans to purchase more in the future.
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NewsBonmarché blames like-for-like sales slump on bad weather
Bonmarché reported drops in like-for-like and overall sales, which the fashion retailer attributed to poor weather impacting summer trading.
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NewsOpinion: Next's slowdown reflects wider fashion challenges
In a world where Next is finding trading tough, you have to feel for the rest of the apparel market in what has been a challenging year so far.
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NewsConsumer confidence crashes to lowest point in three years
Consumer confidence has slumped to its lowest point in three years following the vote for Brexit, latest official figures have revealed.
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NewsApple to launch in India as it bids to offset falling global iPhone sales
Apple chief executive Tim Cook has unveiled plans to open stores in India as the tech giant bids to capitalise on “huge potential” in the market.
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NewsArgos owner Home Retail's shareholders vote in favour of Sainsbury's acquisition
Argos owner Home Retail Group’s shareholders have unanimously voted in favour of the proposed £1.4bn acquisition by Sainsbury’s.
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NewsMcColl’s half-year profits rise but like-for-likes dip
McColl’s has reported an increase in pre-tax profits in the six months to the end of May, although like-for-likes fell during the period.
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NewsMajestic Wine employees set to receive potential windfall of over £7m
Majestic Wine chief executive Rowan Gormley has handed his shares bonus to his employees, refusing to accept the shares as part of a long-term incentive plan.
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NewsConsumer confidence resilient in the aftermath of the EU referendum
Consumer confidence remained unchanged in the days following the EU referendum, but confidence in job security fell considerably.
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NewsHobbs earnings surge as international sales surpass expectations
Hobbs reported a jump in its full-year earnings and is mulling plans to accelerate its US expansion due to sales “outperforming expectations”.
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NewsBHS to vanish from high streets next month as remaining stores close
BHS will disappear from the British high street next month as administrators shutter the collapsed department store chain’s remaining shops.
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NewsBreakfast briefing: Retail News on BHS, shop building applications and Hobbs
Retail round-up: BHS's remaining 114 shops to shut, shop building applications plunged 9% in 2015 and Hobbs’ earnings soar 18%.