Latest finance news – Page 366
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NewsIceland boss says year was 'exceptionally challenging' as profits plunge
Iceland boss Malcolm Walker said it has been an “exceptionally challenging year” for the retailer following plunging like-for-likes and profits.
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NewsClarks full-year profits rise, but sales hit by discounting
Clarks has revealed a 1.4% rise in full-year pre-tax profits, but sales were hampered by “stiff trading conditions” in the UK and Ireland.
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NewsShoe Zone profits and revenue slip due to store closures and warm weather
Footwear specialist Shoe Zone’s half-year profits slipped 26% after a decrease in sales from store closures and unseasonable trading conditions.
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NewsSainsbury's first-quarter sales fall amid deflation and price competition
Sainsbury’s like-for-like sales fell 2.1% in its first quarter as bosses blamed food price deflation and the “highly competitive” marketplace.
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NewsPark Group profits surge as corporate business outpaces consumer growth
Voucher specialist Park Group has recorded a surge in full-year pre-tax profits as corporate billings gain ground on its consumer business.
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NewsPets at Home’s biggest shareholder to sell nearly half its stake
Pets at Home’s largest investor Kohlberg Kravis Roberts is to halve its stake in the business by selling 21.6% of the retailer’s shares.
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NewsTesco invites six bidders to make offers for South Korean business
Tesco has invited at least six companies to bid for its South Korean business unit, Homeplus, which has been valued at £4bn.
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NewsNew Look to refinance debt to reduce interest costs
New Look is seeking to refinance £1bn of debt to reduce interest costs ahead of its acquisition by South African investment house Brait.
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NewsMorrisons boss slashes prices of 200 everyday products
New Morrisons chief executive David Potts is to slash the price of 200 everyday products including bread, milk and butter.
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NewsBHS documents reveal full extent of decline as losses widen
The full extent of BHS’ decline has been laid bare in Companies House documents that show losses widened in its year to August 30.
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NewsSir Ken backs new Morrisons board amid shareholder revolt over pay
Sir Ken Morrison has given his seal of approval to the grocer’s new management team amid a shareholder revolt over Dalton Philip’s £3m payout.
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NewsPets at Home boss commits to staff investment despite growing wage bill
Pets at Home boss Nick Wood has vowed to continue investing in staff, despite seeing workforce costs rise around 13% in its last financial year
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NewsInfographic: Waitrose plant sales blossom after Chelsea Flower show
Waitrose has reported a welcome sales bump following the Chelsea Flower Show as sales of plants rocketed at the supermarket last week.
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NewsPinterest introduces transactional capabilities with 'buyable pins'
Pinterest is launching ‘buyable pins’ that will enable retailers to sell products on the social media platform at no extra charge.
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NewsSports Direct appoints 'acting' chief financial officer after 18-month gap
Sports Direct has finally appointed a chief financial officer after a year and a half, but the position is only an acting role.
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NewsB&M enters FTSE 250, as Morrisons retains FTSE 100 listing
B&M enters FTSE 250 after private equity firm Clayton, Dubilier & Rice reduced its shareholding earlier this year.
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NewsPets at Home’s vet and grooming services pay off as profits jump 40%
Pets at Home’s pre-tax profits hit £87m as the retailer continues to develop its pets services and merchandise model.
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NewsDixons Carphone ends year strongly as it commits to further investment
Dixons Carphone like-for-likes surged in the fourth quarter well ahead of expectations and has paved the way for the retailer to invest when “the sun is shining”.
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NewsWHSmith high street sales fall but travel performance on the up
WHSmith’s high street sales continued to decline but the retailer’s travel business reported improved growth in the first quarter.
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NewsCosmetics retailer Douglas acquired by CVC Capital Partners
Private equity group CVC Capital Partners has acquired perfume and cosmetics retailer Douglas from Advent International.