Latest finance news – Page 363
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NewsOcado half-year sales boosted by broader customer base
Ocado has reported a healthy rise in half-year EBITDA after a 15.7% lift in retail sales, despite ongoing price deflation in the grocery market.
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NewsCarpetright pre-tax profits jump as bid to reposition brand progresses
Carpetright declares year of “significant progress” as underlying pre-tax profits more than treble.
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NewsBreakfast Briefing: Retail News on Tesco, insolvencies, Ireland sales
Retail news round-up on June 30, 2015: Tesco director denies ‘funding crisis’, retail sector registers highest level of insolvencies, May sales in Ireland decline
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NewsConsumer confidence at highest level since 1990s, says GfK research
Consumer confidence soared in June to its highest level since the late 1990s, according to the latest figures from research company GfK.
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NewsOcado closes in on international deal as it prepares to unveil sales rise
Online grocer Ocado is closing in on a deal with an international retailer as it prepares to unveil its half-year results later this week.
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NewsBravissimo posts rise in full-year profits and sales
Lingerie retailer Bravissimo has revealed a boost in sales and pre-tax profits in its full-year results.
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NewsBrait completes New Look acquisition and installs new chairman
South African investment group Brait has completed its acquisition of New Look and installed its chief executive as non-executive chairman.
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NewsTesco board grilled at AGM, but shareholder revolt fails to materialise
Tesco bosses faced a grilling at its AGM, but a shareholder revolt over directors’ pay failed to materialise after all its resolutions were passed.
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NewsTesco shows signs of recovery: What the analysts say
Tesco this morning reported a 1.3% drop in first-quarter UK like-for-likes, a lesser-than-expected decline. Here is what the analysts say.
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NewsLive Blog: Tesco bosses face shareholders at grocer’s AGM
Tesco chairman John Allan and chief executive Dave Lewis both face their first AGM since joining the grocer, after what has been a torrid year. Follow our live blog from the meeting.
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NewsDefiant Dave Lewis insists his turnaround plan is 'improving' Tesco
Tesco boss Dave Lewis has insisted the changes he has implemented are having a positive effect in his bid to turn around the grocer.
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NewsJohn Browett to join Dunelm as chief executive designate
Former Monsoon and Dixons boss John Browett is to join home specialist Dunelm, where he will take over as chief executive next year.
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NewsTesco recovery programme starts to bear fruit despite sales fall
Grocery giant Tesco is beginning to feel the benefits of its recovery programme despite a further sales fall in the first quarter.
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NewsBreakfast briefing: Retail news on B&M, Nisa and Tesco
Retail news round-up on June 26, 2015: Pay rise for B&M boss, Nisa hit by grocery price war and Tim Mason eyes bid for Tesco’s Dunnhumby
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NewsWomenswear retailer East to close 19 stores after pre-pack administration
Womenswear retailer East is closing 19 stores and five concessions across the UK after slipping into administration.
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NewsTesco's South Korean business attracts offers from eight bidders
Tesco’s South Korean business, Homeplus, has drawn offers from as many as eight preliminary bidders, according to reports.
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NewsH&M second-quarter profits rise, but fall short of expectations
H&M has reported a 10.4% lift in second-quarter profits, but earnings were behind analysts’ expectations as the strong dollar forced up costs.
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NewsDebenhams like-for-likes flat as promotional changes dent third-quarter sales
Debenhams like-for-like sales remained flat in its third quarter, as bosses blamed promotional changes for “diluting” sales.
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NewsEx-Thorntons chairman: Ferrero can halt chocolatier's 'fatal' decline
A Thorntons family member who formerly chaired the retailer believes its decline “would have been fatal” had Ferrero not stepped in to acquire it.
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NewsBusiness rates make UK 'less attractive' to foreign retailers, say Intu
Intu has piled pressure on the Government to reform the business rates system, claiming it makes the UK “less attractive” to foreign retailers.