Latest finance news – Page 330
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NewsFnac raises bid for Darty as takeover battle intensifies
French retailer Fnac has tabled a counterbid for Darty as the battle for the London-listed electricals retailer heats up.
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NewsPets at Home confident on full-year profits as fourth-quarter sales rise
Pets at Home has reported a 3.2% rise in fourth-quarter like-for-likes and said it expects full-year profits to meet expectations.
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NewsBreakfast briefing: Retail news on Darty and Wickes
Retail round-up on April 21, 2016: Conforama snaps up 19.5% of French retailer Darty and Wickes poised to cut prices to compete with Homebase.
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NewsM&S overhauls womenswear teams to improve fashion performance
Marks & Spencer has restructured its womenswear teams as new chief executive Steve Rowe aims to revive the struggling clothing division, Retail Week can reveal.
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NewsMothercare appoints The Body Shop exec to boost customer loyalty
Mothercare has appointed The Body Shop’s Glyn Birchall as global director of customer relationship management, loyalty and insight.
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NewsWickes first-quarter sales rise as investment in range drives momentum
Wickes owner Travis Perkins has posted a jump in first-quarter retail sales as improvements in range drove “encouraging” trading momentum.
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NewsN Brown full-year profits hit by investment despite strong second-half
N Brown’s full-year profits have been dented by investment in its change programme, but its strategy bore fruit during the second half.
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NewsWyevale plots £175m takeover of Tesco's garden centres business Dobbies
Wyevale Garden Centres owner Terra Firma has reportedly tabled a bid of £175m for Tesco’s garden centre business Dobbies, according to reports.
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NewsJohn Lewis sales boosted by new releases from Apple and Microsoft
Sales at John Lewis increased 5.3% last week with new releases from Apple and Microsoft boosting the performance of its electricals division.
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NewsPrimark profits dip but sales rise at half-year mark
Primark’s profits have dipped as the value fashion retailer reported a rise in sales, blaming the drop in profits on the dollar.
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NewsBHS finance consultant to exit business after CVA deadline
BHS’s finance consultant and former Beales boss is to leave the business, one month after he helped the retailer navigate its CVA.
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NewsAustin Reed bought out by Alteri Investors as it steps up turnaround
Austin Reed has been bought out by Alteri Investors less than a year after the firm provided a £6m loan to the struggling menswear retailer.
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NewsBreakfast briefing: Retail news on Sainsbury’s, Waitrose and more
Retail round-up on April 18, 2016: Qatar state fund and CVC withdraw Sainsbury's bid and Waitrose to stop paying Sunday and overtime rates.
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NewsTarget to cut up to 180 jobs as it closes Geelong headquarters
Target will cut between 130 and 180 jobs at its Geelong operations centre as the Australian retailer relocates to Melbourne.
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NewsBreakfast briefing: Retail news on Lidl and Primark
Retail round-up on April 15, 2016: Lidl's Irish sales break €1bn mark, and Primark debuts in Italy.
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NewsHarveys owner Steinhoff UK profits jump 32% after online sales boost
Steinhoff UK - the owner of Harveys and Bensons for Beds - has recorded a 32% jump in annual profits after investment in its online offering bore fruit.
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NewsPoundland boss positive on ecommerce but admits sharp learning curve
Poundland boss Jim McCarthy has claimed its ecommerce site has a “good future”, but admitted there is still work to do to make it the “finished article”.
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NewsJD Sports profits and like-for-likes surge: what the analysts say
JD Sports posted a strong increase in its full-year earnings and sales driven by its sports fashion business. Here’s the City’s reaction.
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NewsBurberry warns next year's profits will be at bottom of City expectations
Burberry like-for-likes fell owing to plummeting sales in Hong Kong, which the retailer attributed to an ongoing decline in domestic tourism.
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NewsPoundland close to conversion of 99p Stores but posts like-for-like fall
Poundland like-for-likes dropped but boss Jim McCarthy has hailed a “transformative year” as 99p Stores conversions are set to be completed this month.