Latest finance news – Page 346
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NewsGame warns on profits as customers shelve switch to newer consoles
Game has issued a profit warning following a “faster than expected decline” for old format content and a “slower” switch to new consoles.
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NewsWave of insolvencies predicted as retailers face perfect storm
A “perfect storm” of high discounting and a lacklustre golden quarter could cause multiple insolvencies in the new year, experts have warned.
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NewsSports Direct hits out at Findel after director bid rejected
Sports Direct has attacked Findel after shareholders of the Kitbag owner rejected a bid by Mike Ashley’s firm to have a director elected to its board.
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NewsConsumer confidence stays positive for full year for the first time
Consumer confidence was up overall in December as shoppers felt optimistic about their personal finances and the economy throughout the year.
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NewsBreakfast briefing: Retail news on Sports Direct, retail sales and consumer confidence
Retail news round-up on December 22, 2015: Mike Ashley lashes out as Findel rejects board member appointment, and retail sales up in December.
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NewsEx-Morrisons chairman Sir Ken Morrison builds £6m stake in Sainsbury's
Former Morrisons chairman Sir Ken Morrison has built up a £6m stake in the supermarket giant’s big four rival Sainsbury’s, it has emerged.
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NewsFashion retailer Joules eyes IPO as it hires Rothschild to explore options
Fashion brand Joules is said to be the latest retailer to consider an IPO after it hired Rothschild to explore options.
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NewsHolland & Barrett targets £1bn sales mark as full-year profits rise
Holland & Barrett is targeting an ambitious plan to almost double annual sales to £1bn after reporting an 11.7% hike in full-year revenues.
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NewsScottish business rates review welcomed but large firms face hike
Plans by the Scottish Government to review rates have been welcomed but concerns have been raised over a hike in the amount large firms pay.
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NewsTed Baker buys its famous head office building for £55.3m
Ted Baker is to acquire its distinctive head office building, securing a base for continued expansion.
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NewsBHS owner appoints Aidan Treacy as chief financial officer
BHS owner Retail Acquisitions has appointed Aidan Treacy as its chief financial officer.
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NewsDixons Carphone half-year sales and profits boosted by white goods
Dixons Carphone has reported a rise in first-half group like-for-likes as white goods sales offset falling demand for tablets and PCs.
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NewsSuperGroup posts interim rising sales and profits after broadening its offer
Fashion retailer SuperGroup has posted rising profits and sales in its half year after broadening its offer into womenswear and sports.
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NewsBonmarché hit by Butterwick departure and profit warning
Bonmarché has suffered a double blow after boss Beth Butterwick revealed she was joining Karen Millen as the retailer posted a profit warning.
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NewsBreakfast briefing: Retail news on Scottish retail sales and UK inflation
Retail news round-up on December 16, 2015: Scottish retail sales tumble 2.3% in November and UK inflation rate rises to 0.1% in November.
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NewsCarpetright half-year profits jump 34.3%: What the analysts say
Floorings giant Carpetright has reported rising interim profits as its modernisation strategy bore fruit. This is what the analysts said.
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NewsSports Direct pressure mounts as MPs attack employment practices
Sports Direct came under fire again this week after MPs attacked its employment record in Parliament.
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NewsCarpetright interim profits surge as modernisation plan pays off
Floorings giant Carpetright has reported rising interim sales and profits as its modernisation strategy pays off.
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NewsKurt Geiger bought by private equity group Cinven after reported £245m deal
Footwear retailer Kurt Geiger is set to get a new owner, private equity group Cinven, after a reported £245m deal was struck.
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NewsCMA raises concerns over LloydsPharmacy's bid for Sainsbury's unit
LloydsPharmacy’s bid to buy Sainsbury’s pharmacy arm is facing scrutiny after a probe found shoppers could be hit by a “loss of competition”.