Latest finance news – Page 358
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NewsThe convenience market may be growing but Morrisons is right to sell stores
Morrisons’ likely disposal of its M Local convenience chain looks odd at face value but makes sense in the context of the grocer’s wider business.
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NewsH&M reports tenth consecutive month of double-digit sales growth
H&M has posted its tenth consecutive month of double-digit growth, driven by website improvements and broadened ranges.
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NewsFerrero completes £112m acquisition of chocolatier Thorntons
Italian confectioner Ferrero has completed its £112m takeover of Thorntons – and pledged to maintain the chocolatier’s name.
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NewsQVC owner agrees $2.4bn deal for US flash sale etailer Zulily
Online US retailer Zulily is poised to be acquired by the owner of television shopping network QVC in a deal worth $2.4bn.
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NewsLower inflation rate likely to ease business rates increase for retailers
Lower inflation is likely to provide retailers with some relief when the next business rates rise is calculated.
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NewsMorrisons close to selling convenience business to investor Greybull
Grocer Morrisons is close to offloading its convenience stores to investment firm Greybull, as it focuses on a turnaround of its core business.
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NewsConviviality's bid to acquire drinks supplier Matthew Clark edges closer
Conviviality Retail’s acquisition of drinks wholesaler Matthew Clark has moved a step closer after beating off interest from any rival bidders.
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NewsBreakfast briefing: Retail news on Asda and Alibaba
Retail news round-up on August 14, 2015: Asda commits to pay more for its milk supplies and Alibaba posts a 28% rise in quarterly revenues.
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NewsAmerican Apparel warns investors it is running out of money
American Apparel warned its investors last night that it urgently needs to raise money or find new financing in order to keep operating.
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NewsZalando increases revenue guidance as it attracts more customers
Zalando has recorded a huge surge in revenues for the first half of the year and raised its revenue guidance for the rest of the year.
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NewsFerrero's £112m Thorntons takeover all-but complete as shareholding hits 90%
Ferrero has all-but completed its £112m takeover of chocolatier Thorntons, subject to approval from the European Commission.
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NewsScS hails "improved" fourth-quarter trading and finance boss Turnbull exits
Furniture retailer ScS has hailed “improved” trading and revealed its chief financial officer Ron Turnbull is stepping down.
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NewsBreakfast briefing: Retail news on M&S, Tesco's Dunnhumby and Bargain Booze
Retail news round-up on August 12, 2015: M&S parts company with womenswear boss and lower offers for Tesco’s Dunnhumby.
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NewsHobbs losses widen to £15.6m as it takes turnaround action
Full-year pre-tax losses at Hobbs increased to £15.6m in the year the womenswear retailer undertook a strategic review of the business.
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NewsPandora like-for-like sales jump as it continues to charm the UK market
Danish jewellery retailer Pandora reported UK like-for-like sales rose 11.4% in its second quarter as it recorded a solid group performance.
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NewsCard Factory sales climb in first half as return of capital to investor nears
Greetings card specialist Card Factory generated an 8% sales uplift in its first half, when it also opened its 800th branch.
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NewsGame confident ahead of peak following improved second-half trading
Game has reported “robust trading” in its second half and said it is well-positioned for the forthcoming peak trading period.
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NewsNew Look posts earnings rise and details menswear store plans
New Look has reported a rise in first-quarter sales and earnings, and detailed plans for standalone menswear stores.
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NewsAlibaba acquires 20% stake in electricals retailer Suning in £2.9bn deal
Chinese etail giant Alibaba is investing $4.6bn (£2.9bn) in electronics chain Suning, one of the country’s largest bricks-and-mortar retailers.
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NewsPet Supermarket parent files notice of intention to appoint administrator
Kokoba, the parent company of pet product etailers MedicAnimal and Pet Supermarket, has filed a notice of intention to appoint an administrator.