Latest finance news – Page 34
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NewsPrimark profits rocket as sales climb
Value clothing powerhouse Primark has posted a big rise in full-year profits, helped by factors such as lower costs.
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NewsAsos to shift focus after laying foundations for profitable growth
Online fashion specialist Asos has reported that it has met strategic turnaround targets and can now ‘focus on taking actions to delight customers’.
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NewsUK retail sales show marginal increase as economic uncertainty spooks consumers
Retail sales in the UK improved marginally in October as “uncertainty during the run-up to the budget” and “rising energy bills” spooked consumers.
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NewsBurberry share price rises amid Moncler takeover rumours
Burberry saw an increase in its share price after reports emerged that its Italian rival Moncler may be considering a takeover bid for the British luxury brand.
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NewsMike Ashley lashes out at ‘desperate’ Boohoo over CEO snub
Frasers owner Mike Ashley has hit out at fashion retailer Boohoo, calling its decision to snub his demand to be made CEO in favour of promoting from within “desperate”.
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NewsCurrys has promised that none of its Black Friday deals have been cheaper in the last six months
Electricals giant Currys has made a commitment to ensure that none of its 3,000-plus Black Friday deals have been cheaper in the last six months.
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NewsAmazon profits and revenues exceed expectations off the back of strong retail performance
Amazon posted profits and sales ahead of market expectations overnight, driven by a strong retail performance in its third quarter.
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NewsBoohoo snubs Ashley demand as it names Debenhams boss as new chief executive
Boohoo has snubbed the demands of its largest shareholder by appointing former JD Sports and current Debenhams boss Dan Finley as its new group chief executive.
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NewsSainsbury’s sells Argos credit card business as it focuses on core grocery offering
Sainsbury’s has sold its Argos credit card arm for £720m, as part of its continued strategy of focusing on its core retail offering.
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NewsDune has swung to a loss in ‘challenging’ year
Footwear and accessories retailer Dune has swung to a loss for the full year despite a resilient sales performance amid a “challenging and unpredictable” market.
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NewsNext makes moves in luxury fashion market with launch of new Seasons website
Fashion giant Next is making moves in the luxury market with the launch of its new premium fashion platform Seasons in a bid to serve “overlooked” customers.
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NewsOcado names new chair with tech and international experience
Online grocer Ocado has appointed a new chair with a background in the technology industry and international businesses.
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NewsOctober footfall has declined as consumers remain cautious ahead of Black Friday spending
Retail footfall in October saw a small decrease due to factors including bad weather, a shift in school holidays and consumer caution ahead of the budget, according to MRI Software.
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NewsJigsaw sales have risen but profits fell in ‘disappointing’ year
Fashion retailer Jigsaw’s sales have risen during the full year as its store estate continues to thrive despite declining profits.
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NewsNext is predicting profit of £1bn as cold weather drives sales
Fashion giant Next has reported a rise in sales for the third quarter and upped its profit guidance for the full year to more than £1bn.
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NewsDeichmann has posted ‘strong’ sales growth as it continues UK store expansion
Footwear retailer Deichmann has reported “strong” sales growth in the UK for the 2023 financial year as it plans to expand its UK store footprint.
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NewsMajestic Wine has launched a rapid delivery partnership with Just Eat
Majestic Wine has launched a rapid delivery partnership with Just Eat allowing customers to order beers, wines, and spirits in as little as 30 minutes.
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NewsJollyes is bolstering its leadership team with Tesco and Sainsbury’s directors
Jollyes has brought a new chief operating officer onto its board and added three new directors to its senior leadership team as it prepares for more growth next year.
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NewsAdidas reports double-digit revenue growth
Global sportswear giant Adidas has recorded a double-digit growth in revenue driven by strong momentum across the underlying Adidas business.
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NewsNew Look’s losses have lessened despite sales dip in full year
Fashion retailer New Look’s losses have lessened despite a decline in revenue for the full year as “tough trading” continued to bite.