Latest finance news – Page 350
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NewsWalmart sales slump 1.3% to $117.4bn over third quarter
Sales at grocery giant Walmart, parent company to Asda in the UK, fell 1.3% to $117.4bn (£77.12bn) in its third quarter of the year.
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NewsAsda's third-quarter like-for-likes slump 4.5% amid 'challenging' period
Asda has reported a 4.5% slump in like-for-likes during its third quarter but boss Andy Clarke insists it has the right plan to recover sales.
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NewsUK inflation rate remained unchanged at -0.1% in October
The UK inflation rate stayed consistent throughout October, figures from the Office for National Statistics revealed this morning.
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NewsUrban Outfitters buys Italian restaurant chain as it taps into casual dining
Urban Outfitters is buying an Italian restaurant chain as it seeks to tap into the rapidly expanding casual dining market.
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NewsB&M half-year profits and revenues surge as store openings hit record levels
B&M’s half-year profits and revenues have surged on the back of a record level of store openings as the value retailer snaps up the shops of more established retailers.
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NewsThe Range records surge in full-year pre-tax profits and sales
Discount homewares retailer The Range has recorded a surge in pre-tax profits for the year on the back of strong sales growth.
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NewsBooths profits slump as sales fall amid 'tough retail environment'
Booths has reported a 58.6% slump in full-year pre-tax profits following a turn down in sales amid the “tough retail environment”.
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NewsMajestic Wine half-year profits fall as it unveils three-year turnaround plan
Majestic Wine’s pre-tax profits dropped 50% to £4.3m for the half year driven by a series of charges following its acquisition of Naked Wines.
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NewsBreakfast briefing: Retail news on Black Friday, Aldi, Lidl, Kurt Geiger and more
Retail news round-up on November 16, 2015: Aldi and Lidl submit planning applications for 171 new stores, Cinven emerges as frontrunner to snap up Kurt Geiger.
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NewsHalfords boss eyes up to 50 Cycle Republic stores
Halfords boss Jill McDonald says she sees potential for up to 50 of its upmarket Cycle Republic stores as the chain is “resonating well”.
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NewsZalando third-quarter sales soar but rising costs hamper earnings
Online fashion retailer Zalando has revealed its third-quarter sales soared 42% but pre-tax losses widened because of rising costs.
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NewsBurberry profits up despite flat revenues after crackdown on discretionary spend
Burberry has increased profits despite flat revenues in its first half after a reduction in performance-related pay and a crackdown on discretionary spend.
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NewsYoox Net-a-Porter reveals additional cost savings and jump in revenues and profits
Yoox Net-a-Porter has reported its merger is progressing “very well” as it increases its cost savings targets and reveals a jump in revenue and profits for the first nine months of 2015.
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NewsHalfords first-half profits drop after 'disappointing' cycling performance
Halfords has reported a drop in first-half pre-tax profits following a disappointing cycling performance in its second quarter.
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NewsBreakfast briefing: Retail news on Sunday trading, BhS, Asda and more
Retail news round-up on November 12, 2015: Liberal Democrats back longer Sunday trading, Bhs eyes more funding, and ex-Asda marketing boss joins Homebase
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NewsSainsbury's boss Coupe says grocer has 'over-delivered' despite profit drop
Sainsbury’s boss Mike Coupe insists the grocer has “over-delivered” on its strategy, despite reporting plunging profits during its first-half.
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NewsSainsbury's pre-tax profits fall 17.9% to £308m during its first half
Sainsbury’s underlying pre-tax profit slumped 17.9% to £308m for the half year as the grocer continued to slash its prices.
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NewsNew Look plans up to 20 more standalone menswear stores
New Look is aiming to open up to 20 more standalone menswear stores in the next 18 months as an initial roll-out has proved successful.
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NewsNew Look half-year sales boosted by new standalone men's stores
Fashion retailer New Look has reported a healthy rise in half-year profits and sales, with its first standalone menswear stores performing strongly.
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NewsSex toy etailer Lovehoney full-year sales and profits soar
Sex toy etailer Lovehoney has revealed a 53% jump in full-year sales fuelled by the continuing popularity of Fifty Shades of Grey.