Latest finance news – Page 384
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NewsMySale closes US and South Korean sites to focus on UK as it dips into red
MySale has closed its US and South Korea websites in order to focus on the UK and other key markets after reporting a loss.
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NewsCard Factory like-for-likes up 1.8% after 'solid' Christmas
Card Factory has reported a like-for-like sales increase of 1.8% over an 11-month period, and says it achieved “solid” Christmas trading.
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NewsHalfords boss Matt Davies denies business will suffer after he joins Tesco
Halfords boss Matt Davies has denied that his departure for Tesco will be detrimental to the business because of the foundations he has laid.
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NewsLakeland secures £16m funding deal from RBS to support expansion
Kitchenwear specialist Lakeland has sealed a £16m funding deal from the Royal Bank of Scotland (RBS) which it plans to use to boost expansion.
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NewsDixons Carphone reports record Boxing Day despite Black Friday bonanza
Dixons Carphone boss Sebastian James has revealed Boxing Day sales almost matched Black Friday, allaying fears sales had been pulled forward.
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NewsMike Ashley to sell 2.6% stake in Sports Direct worth £117m
Mike Ashley is selling over 15 million shares equating to a 2.6% stake in Sports Direct through Goldman Sachs for £117m.
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NewsPets at Home like-for-likes jump 4.1% after strong services growth
Pets at Home’s like-for-like revenues increased by 4.1% in its third quarter as it recorded rapid growth across its services business.
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NewsHalfords like-for-likes surge as shoppers snap up bikes for Christmas
Halfords recorded strong like-for-like growth over Christmas as cycling sales surged with customers buying children’s bikes as presents.
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NewsPoundland posts 10% Christmas sales rise despite 'tough conditions'
Poundland’s total revenue excluding Spain jumped 10.2% in the Christmas quarter, on a constant currency basis.
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NewsDixons Carphone Christmas sales rise in 'roller coaster' trading period
Dixons Carphone has reported a strong festive season in its first Christmas update since forming the new company last year.
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NewsMamas & Papas losses widened to £12.1m in the year before CVA
Mamas & Papas reported pre-tax losses more than quadrupled to £12.1m in the year to March 2014, six months before a major restructure saved the business.
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NewsNaked Wines toasts record performance as Christmas sales soar
Online wine specialist Naked Wines notched up a 40% rise in sales over Christmas and shipped a record 13 million bottles last year.
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NewsCrime costs retailers a record-breaking £603m in 2014
Crime cost retailers a record-breaking £603m last year, as thieves target high-ticket goods, according to figures published this morning.
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NewsFormer Tesco boss Leahy criticises 'failure of leadership' at the grocer
Former Tesco chief executive Sir Terry Leahy has said there was a “failure of leadership” under his successor Phil Clarke.
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NewsAhold sales increase 7.9% as it parts company with Albert Heijn boss
Dutch retailer Ahold increased sales 7.9% during its fourth quarter and is to part company with the chief executive of its Albert Heijn business.
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NewsWestern retailers Apple, Inditex and Carrefour step up China plans
Western retail giants are stepping up their plans to expand into China as they seek to take advantage of the booming local economy.
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NewsUS teen fashion retailer Wet Seal files for bankruptcy after sales slump
US teen fashion retailer Wet Seal has filed for bankruptcy just days after closing hundreds of its stores and cutting thousands of jobs.
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NewsBeales board agrees to cash offer from property tycoon Andrew Perloff
Beales has agreed to a recommended cash offer from English Rose, a vehicle controlled by outspoken property investor Andrew Perloff.
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NewsConviviality Retail's half-year profits jump 46.7% after store closures
Off-licence group Conviviality Retail has increased half-year profits by 46.7% as the retailer recorded a strong Christmas trading period.
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NewsThorntons hails 'outstanding' Christmas retail performance as sales jump
Thorntons has hailed an ‘outstanding’ Christmas in its retail division as its like-for-like sales leapt during December.