Latest finance news – Page 388
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NewsThe Fragrance Shop sales up 5% as Christmas Eve trumps Black Friday
The Fragrance Shop’s like-for-likes increased by 5% over the Christmas period after it benefited from last minute sales.
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NewsTesco considers closing its defined benefit pension scheme
Tesco is considering closing its defined benefit pension scheme to new members, because of the retailer’s recent financial crisis.
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NewsPoundstretcher reports 'best Christmas ever' after 14.75% sales increase
Discount retailer Poundstretcher has reported its “best Christmas ever”, as sales increased 14.75% over the five weeks ended 30 December.
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NewsRetailers predict growth of 4.7% in 2015 as sector outstrips wider economy
Retailers expect to significantly outperform the wider UK economy as they predict an average sales growth of 4.7% this year.
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NewsTesco, Marks & Spencer and Sainsbury’s to post Christmas sales decline
Three of the traditional powerhouses of the retail sector are all expected to report a Christmas sales slump when they publish their results this week.
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NewsRetail ombudsman service launches to arbitrate consumer disputes
Lawyer Dean Dunham launches a retail ombudsman service designed to resolve disputes between consumers and retailers.
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NewsRetailers demand talks with Government over 'fiscally neutral' rates review
Retailers have demanded talks with the Government over the proposed business rates review and its aim of being “fiscally neutral”.
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NewsBreakfast briefing: Retail news on business rates, Tesco and 2015 prospects
Retail news round-up on January 2, 2015: Retailers to meet with government over ‘fiscally neutral’ rates review, Tesco remuneration committee head Stuart Chambers steps down, Retailers hopeful of a good 2015
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NewsWalgreens shareholders approve £9.6bn Alliance Boots merger
Walgreens will complete the acquisition of Alliance Boots and subsequent merger tomorrow after receiving approval of its shareholders.
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NewsNext sales increase 2.9% as it allays fears about Christmas discounting
Next has reported a 2.9% sales increase during Christmas trading as it recovers from dramatically cutting profit expectations in October.
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NewsBreakfast briefing: Retail news on Tesco, Asos, business rates, Boxing Day Sales and more
Retail news round-up on December 29, 2014: Tesco tests discount format; Asos hit by technical glitch; Big Four supermarkets to be hit by business rates; Nearly £3bn spent in Boxing Day Sales, and more.
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NewsAlliance Boots and Walgreens merger to complete ahead of schedule
Alliance Boots and Walgreens’ merger is expected to complete by the end of the year, months ahead of expectations.
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NewsBreakfast briefing: Retail news on financial distress, retail sales in 2014 and Alliance Boots merger
Retail news round-up on December 24, 2014: More retailers in financial distress, Retail sales forecast to reach £342bn in 2014, Alliance Boots merger with Walgreens to complete by year-end
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NewsThorntons warns on profits amid grocery turmoil and warehouse woes
Chocolate specialist Thorntons has issued a profit warning after grocers cut orders and gremlins struck at its new warehouse.
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NewsDFS reports 53% surge in profits following 'record' 12 months
DFS has reported a 53% surge in profits for its first quarter, ending a “record” 12 months period for the furniture retailer.
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NewsTesco and auditor PwC to be investigated by Financial Reporting Council
The Financial Reporting Council (FRC) has launched an investigation into the role auditor PwC has played in the overstating of Tesco profits.
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NewsKingfisher sells controlling stake in B&Q China for £140m
Kingfisher has sold a controlling stake in its B&Q China business to Wumei Holdings for £140m as it seeks to focus on its European business.
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NewsConsumer confidence falls to its lowest level since March
Consumer confidence has fallen two points in December to its lowest level since March as uncertainty about next year rises.
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NewsChristmas spending grows 4.2% on last year following Black Friday boost
Consumer spending was up 4.2% on last year over the first part of the Golden Quarter, according to Barclaycard spending data.
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NewsBreakfast briefing: Retail news on Amazon, Ikea, consumer confidence and more
Retail news round-up on December 19, 2014: Amazon launches one hour delivery service; Ikea suspends sales in Russia; Christmas delivery delays impact etailers; Consumer confidence dips; Tesco Mobile launches personalised gif shop