Latest finance news – Page 325
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NewsMoss Bros hails sales growth as online and in-store improvements bear fruit
Moss Bros has hailed “further improvement” in trading performance as retail sales jumped ahead of its annual general meeting today.
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NewsBreakfast briefing: Retail news on BHS and Gap
Retail round-up on May 20, 2016: Matalan founder believed to be ahead in the race to buy BHS and Gap set to close its Old Navy stores in Japan.
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NewsAsda posts 5.7% slump in first quarter sales amid 'fierce competition'
Asda has posted a 5.7% slump in first quarter like-for-like sales as the grocer continued to struggle amid “fierce competition”.
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NewsHMV owner Hilco and Poundstretcher join battle to save BHS
HMV owner Hilco Capital and Poundstretcher have joined the race to rescue beleaguered department store chain BHS after lodging firm bids.
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NewsMothercare full-year profits up 51% as UK turnaround continues
Mothercare has unveiled a 51% surge in underlying group pre-tax profits to £19.6m but said the international business “remains challenging”.
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NewsBudgens and Londis parent Booker unveils full-year profit lift
Food wholesaler and retailer Booker has reported an 11% rise in full-year profits but warns of “increasing price competition” in the UK.
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NewsBreakfast briefing: Retail news on BHS, Sports Direct and M&S
Retail round-up on May 19, 2016: Poundstretcher owner becomes latest to eye collapsed BHS and Rangers to sever retail ties with Sports Direct.
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NewsAt a glance: Moonpig owner PhotoBox, the photo specialist in focus
As eBay’s Jody Ford joins Photobox as group chief executive, we take a closer look at the photo and gifts etailer with global ambition.
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NewsBurberry plans £100m cost savings as full-year profits and sales fall
Burberry has outlined plans to make “at least” £100m of cost savings over the next three years as it reported a slip in full-year profits and sales.
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NewsThorntons to shutter Oxford Street store with further closures 'likely'
Thorntons is poised to close its store on Oxford Street as new owner Ferrero continues a review of the business, Retail Week has learned.
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NewsTK Maxx parent TJX unveils sales increase over first quarter
TK Maxx and HomeSense owner TJX has posted rising sales across its first quarter as the US-based retailer continues to gain market share.
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NewsInflation falls to 0.3% in April as fashion retailers slash prices
The UK’s inflation rate fell for the first time since September as retailers cut prices to revive sales hit by last month’s cold weather.
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NewsBreakfast briefing: Retail news on BHS, Sports Direct and Dreams
Retail round-up on May 17, 2016: Property tycoon and BHS suitor Yousuf Bhailok withdraws from the race and Mike Ashley agrees to appear before MPs.
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NewsSWOT analysis: As Mountain Warehouse eyes a float, what does the future hold?
Outdoor and leisure retailer Mountain Warehouse has boosted plans for a £200m flotation this year with soaring full-year profits and sales.
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NewsPensions Regulator said to have blocked Green's plans for BHS restructure
The Pensions Regulator is understood to have blocked plans two years ago by Sir Philip Green to restructure BHS and inject funds into the pension scheme.
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NewsBHS administrator asks potential suitors to raise bids
BHS’s administrator Duff & Phelps has reportedly told a raft of suitors vying to buy the collapsed high street chain to raise their bids.
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NewsMountain Warehouse reports stellar year as profits and sales soar
Mountain Warehouse has reported rocketing annual profits and sales and is eying “a couple” of Austin Reed stores.
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NewsBreakfast briefing: Retail news on BHS, Ikea and more
Retail round-up on May 14, 2016: BHS suitors told to raise their offers, Ikea's second Dublin store and convenience stores say they 'fear' living wage.
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NewsAnalysis: How did SuperGroup dodge the fashion doldrums?
SuperGroup’s latest set of results are impressive, bucking the fashion market’s downward trend with profits and sales shooting up.
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NewsSports Direct owner Ashley emerges as front-runner to acquire Austin Reed
Sports Direct founder Mike Ashley has emerged as the front-runner to acquire embattled fashion chain Austin Reed, Retail Week has learned.