Latest finance news – Page 374
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NewsPrivate equity firm ECI Partners is front-runner to acquire Evans Cycles
Private equity firm ECI Partners is believed to be leading the race to acquire bike specialist Evans Cycles.
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NewsHalfords finance boss Andrew Findlay steps down to move to easyJet
Halfords has revealed its chief financial officer Andrew Findlay has resigned to take up the position of finance boss at easyJet.
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NewsBreakfast Briefing: Retail news on Evans Cycles, Amazon, Poundland and more
Retail news round-up on April 13, 2015: ECI front-runner to snap up Evans Cycles, Amazon gets US nod for ‘Prime Air’ drone testing, Poundland chief disappointed over competition investigation, and more.
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NewsInfographic: Waitrose and John Lewis sales surge as Easter falls early
Waitrose and John Lewis recorded a sales surge for the week ending April 4 due to the earlier fall of Easter this year and warmer weather.
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NewsBonmarché like-for-likes drop as warm autumn continues to bite
Bonmarché recorded a drop in like-for-like sales during its fourth quarter as it struggled to recover from the unseasonably mild autumn.
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NewsMajestic Wine appoints Naked Wines founder as CEO as it acquires rival
Majestic Wine has appointed Naked Wines founder Rowan Gormley as its chief executive as it acquires the online rival.
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NewsBreakfast Briefing: Retail news on Matalan and Burberry
Retail news round-up on April 10, 2015: Matalan positions itself as a modern family brand with TV campaign and Burberry shares soar on takeover rumour.
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NewsWalgreens Boots Alliance to close 200 US stores as part of cost-saving initiative
Walgreens Boots Alliance has revealed plans to close 200 stores in its US retail pharmacy division as part of a three-year cost-saving initiative.
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NewsPoundland takeover of 99p Stores faces investigation by competition watchdog
Value retailer Poundland’s proposed takeover of rival 99p Stores will face an “in-depth” investigation by competition authorities.
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NewsMulberry profits to beat expectations after 'careful' cost control
Luxury brand Mulberry expects full-year profit before exceptional items to be “slightly” ahead of forecasts after “careful cost control”.
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NewsCo-op Food delivers 'robust' performance as full-year sales and profits rise
Co-operative Food has delivered a “robust” performance in the tough grocery market, posting increases in both like-for-likes and profits.
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NewsParty leaders address 'Asda mums' in attempt to secure votes
Leaders of the three main political parties have recorded video messages aimed at mums who shop at Asda in a bid to secure their votes.
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NewsMissguided reports £5.5m profits as it launches concession in Nordstrom
Missguided has reported full-year profits of £5.5m and has launched its first ever physical concession in US retailer Nordstrom.
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NewsShop prices hit deepest deflation rate since records began
Shop prices have hit the deepest deflation rate since records began after they fell 2.1% during March, according to the BRC-Nielsen Shop Price Index.
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NewsUK economic growth “held steady” in first quarter, says lobby group
UK economic growth “held steady” during the first three months of 2015 and is expected to continue gathering momentum.
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NewsBreakfast Briefing: Retail news on John Lewis, Argos, Booker and more
Retail news round-up on April 07, 2015: John Lewis eyes 11 store branches in Philippines, Argos suffers IT glitch, Booker scouts for new chairman and more.
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NewsIndian etailer Koovs warns high marketing costs will hit full-year forecasts
Indian etailer Koovs has said it will need to seek further funding to counteract high marketing costs over the last year.
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NewsConsumer confidence reaches highest level for 13 years, says GfK
Consumer confidence has reached its highest level for almost 13 years, according to data unveiled by research company GfK today.
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NewsDunelm sales growth moderates in third quarter against tough comparatives
Dunelm’s like-for-like growth moderated in its third quarter as it came up against strong comparatives from the same period last year.
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NewsM&S reverses 14 quarters of general merchandise decline as online grows
Marks & Spencer’s general merchandise sales have returned to growth after 14 consecutive quarters of decline, and web sales also improved.