Latest finance news – Page 377
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NewsNext sales and profits up but chief Lord Wolfson remains cautious on outlook
Next’s full-year sales and profits increased but the retailer’s chief executive Lord Wolfson remains cautious on the outlook.
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NewsBreakfast Briefing: Retail news on Inditex, Aldi and Wickes
Retail news round-up on March 18, 2015:Inditex reports annual profit up 5%, Wickes launches Let’s Do It Right campaign, Aldi unveils £2.5m Easter TV campaign
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NewsBudget 2015: Chancellor to review business rates and cut corporation tax
Chancellor George Osborne has pledged that the Government will carry out a review of business rates, which have “not kept pace” with the economy.
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NewsAsda boss Andy Clarke hails Government's business rates review
Asda boss Andy Clarke has hailed the Government’s “radical” review into business rates as “significant progress” for retailers.
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NewsSamsonite sales surge as it prepares aggressive drive on retail sales
Luggage manufacturer Samsonite has reported its highest ever sales figure after a 17% surge last year, as it prepares to push its direct retail sales.
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NewsFrench Connection reduces losses but like-for-like sales fall
French Connection has reported smaller losses for the year as it continues its turnaround plan, but like-for-likes in its retail division have continued to fall.
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NewsBreakfast Briefing: Retail news on Tesco, BHS, Argos and more
Retail news round-up on March 16, 2015: Naked Wines considers stake sale or float; Nick Lansley quits Tesco Labs; and Sir Philip Green demands and new BHS owners agree to top up pension deficit.
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NewsSofaworks sells stake to Ao.com investor as it seeks to expand store estate
Family-owned Sofaworks has sold a stake in its business to Ao.com investor Bill Holroyd and the Greater Manchester Combined Authority (GMCA).
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NewsAo World chairman 'remains committed' despite selling £10m stake
Ao World bosses insist its non-executive chairman Richard Rose “remains committed to the company” despite selling a £10m stake in the etailer.
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NewsGovernment launches 'most wide-ranging business rates review in a generation'
The Government has launched a review into business rates that it is labelling the “most wide-ranging review in a generation”.
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NewsBreakfast Briefing: Retail news on Naked Wines, Tesco and BHS
Retail news round-up on March 16, 2015: Naked Wines considers stake sale or float; Nick Lansley quits Tesco Labs; and Sir Philip Green demands and new BHS owners agree to top up pension deficit.
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NewsRetail Week Live: Co-op boss Pennycook offers advice to retailers in crisis
Co-operative chief executive Richard Pennycook advised retailers in crisis to put out the fire as soon as possible.
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NewsSir Philip Green: It’s a happy-sad day for me but it’s good for BHS
Arcadia tycoon Sir Philip Green is confident that there is still a place for BHS on the high street if it is run with single-minded focus.
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NewsBHS's new owners to focus on store revamps, concessions and overseas
BHS’s new owners’ plans for the ailing department store group include refreshing stores, widening the product categories to include electricals and building the overseas business.
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NewsTycoon Sir Philip Green sells BHS to Retail Acquisitions
Tycoon Sir Philip Green has sold his BHS department store chain for an undisclosed sum.
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NewsJohn Lewis Partnership profits and bonus down as grocery competition bites
John Lewis Partnership has cut its company-wide bonus to 11% after annual pre-tax profits fell 9% because of intense competition in the grocery sector.
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NewsAsos reports 'encouraging momentum' as UK and international sales grow
Fashion etailer Asos has reported a 19% jump in sales for the three months to February 28, driven by strong performance in the UK.
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NewsHome Retail Group suffers 'weaker' sales as demand for electronics slumps
Argos and Homebase owner Home Retail Group experienced a “weaker” finish to the year to February 28, which dented its sales figures.
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NewsBreakfast Briefing: Retail news on food suppliers, Amazon, footfall and more
Retail news round-up on March 12, 2015: Food suppliers scared to reveal supermarket bullying, Amazon Exclusive store launches, UK retail footfall increases and online sales continue to grow.
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NewsRetail Week Live: House of Fraser engagement boss on the challenges of start-up investment
House of Fraser head of online engagement Madeleine Melson said it had been challenging to convince the finance department to put money aside to invest in new technologies from start-up companies.