Latest finance news – Page 389
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NewsBlack Friday drives biggest retail sales growth in over a decade
Black Friday propelled the biggest increase in retail sales in more than a decade as sales rose in November 6.4% year on year.
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NewsMy-Wardrobe stops trading and sells domain name to Net-a-Porter
Troubled fashion etailer My-Wardrobe has stopped trading and has sold its domain name to Net-a-Porter for an undisclosed sum.
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NewsMySale co-founder considers buying more shares in wake of profit warning
MySale chief executive Carl Jackson is interested in buying shares worth up to £3m in the troubled etailer.
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NewsBreakfast briefing: Retail news on Tesco, Ikea and Virgin Wines
Retail news round-up on December 18, 2014: Tesco’s accounting black hole may be bigger than feared, Ikea customer anger over delivery delays, Virgin Wines offers locker collection service
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NewsChristmas success rides on final days after shopping patterns skewed
Retailers are banking on a last-minute shopper rush for seasonal success after Black Friday disrupted shopping patterns in the golden quarter.
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NewsApple suspends online trading in Russia amid financial concerns
US technology giant Apple has suspended trading online in Russia amid the ongoing chaos over the country’s financial situation.
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NewsDixons Carphone profits up 30% as merger integration exceeds expectations
Dixons Carphone’s profits before tax surged 30% in the first half and integration following the merger is one year ahead of schedule.
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NewsJigsaw full-year sales and profits up despite 'challenging' market
Fashion retailer Jigsaw has reported a rise in sales and profits amid “challenging retail conditions” in the year to September 27.
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NewsBreakfast briefing: Retail news on inflation, the Co-op Bank and Scotland
Retail news round-up on December 17, 2014: UK inflation decelerates in November, the Co-op Bank fails stress test, and sales in Scotland fall.
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NewsMySale profit warning to hit Mike Ashley and Sir Philip Green
Retail tycoons Mike Ashley and Sir Philip Green are facing paper losses after shares in etailer MySale, in which they are investors, slumped following a profit warning.
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NewsPetSmart sold to private equity firm BC Partners in £5.6bn deal
PetSmart has been sold to a consortium led by European private equity firm BC Partners for $8.7bn (£5.6bn).
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NewsMetro acquires stake in German start-up grocer Emmas Enkel
German retailer Metro Group has taken a stake in multichannel grocer Emmas Enkel and plans to expand the start-up’s physical and online presence.
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NewsCarpetright profits triple in first half as it halts international sales decline
Carpetright has recorded a tripling of pre-tax profits in its first half as it halts the sharp decline in its European businesses.
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NewsTesco tasks PwC with auditing stock management as it scraps supplier fees
Tesco has tasked its auditor PricewaterhouseCoopers with scrutinising stock management as it shakes up the sector by scrapping supplier fees.
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NewsHigh street footfall down 4% in November despite Black Friday promotions
High street footfall dropped 4% last month despite many retailers launching a raft of Black Friday deals to kick off Christmas.
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NewsOcado says sales boosted by rivals becoming distracted by discounters
Ocado has said its sales have benefitted from supermarket rivals becoming distracted by competing with the discounters.
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NewsAlliance Boots' Pessina to step up as interim head of Walgreens Alliance Boots
Stefano Pessina is to become boss of Walgreens Alliance Boots with Walgreens president Greg Wasson to retire when the businesses merge.
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NewsMoss Bros like-for-like sales increase 7.8% in second half
Mens formalwear specialist Moss Bros has reported that like-for-like sales for the first 19 weeks of its second half rose 7.8%.
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NewsOcado reports retail sales rise 14.9% in its fourth quarter
Ocado has reported that gross retail sales in its fourth quarter rose 14.9% in the midst of the intensely competitive grocery market.
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NewsSports Direct profits up 9.8% despite England's early World Cup exit
Sports Direct has reported solid interim results despite England’s early exit from the World Cup and the mild autumn hitting footfall.