Latest finance news – Page 390
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NewsSuperGroup reports challenging first half as profits fall 31%
SuperGroup has reported a challenging first half with underlying profits falling 31%, hit by the warm autumn weather across Europe.
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NewsBreakfast briefing: Retail news on Black Friday, Walgreens, Tesco, and business rates
Retail news round-up on December 11, 2014: Black Friday biggest shopping day, Walgreens boss to retire, business rates thrown into question, and more.
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NewsN Brown prepares for fierce Christmas trading amid 'volatile' environment
N Brown is gearing up for fierce Christmas trading in a volatile consumer environment as it seeks to recover from a tough third quarter.
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NewsHouse of Fraser records rise in EBITDA in third quarter
House of Fraser’s adjusted EBITDA rose from £9.2m to £10m in the 13 weeks to October 25 as its own brands performed strongly in the period.
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NewsN Brown reports improving sales in October and November
N Brown has reported improved trading for October and November, following the unseasonably warm weather in September.
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NewsReiss reaps rewards of sticking to premium with two-fold profit jump
Reiss has doubled group EBITDA in the 12 months to the end of January this year following streamlining and a focus on premium products.
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NewsAsos growth slows following overseas sales weakness
Asos has reported a slowdown in quarterly sales growth after a strong UK performance was offset by international sales falling 2%.
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NewsTesco issues profit warning ahead of full-year results
Tesco has issued a profit warning, saying its full-year profits will be significantly below market expectations.
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NewsBlue Inc raises £4m to invest in online and international propositions
Blue Inc has raised £4m in funding to grow its market share through investment in its online proposition and international business.
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NewsSainsbury's activist fund sparks takeover fears over share raid
Sainsbury’s could face a takeover of the business as a result of activist investor fund Crystal Amber entering talks with overseas investors about a share raid on the grocer.
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NewsEvans Cycles' private equity owner eyes £100m sale of company
Evans Cycles’ head of marketing has confirmed that a sale is “one of the options” being considered by the retailer’s private equity owner.
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NewsPrimark latest fashion retailer to report sales hit after warm autumn
Value fashion giant Primark has become the latest clothing retailer to report a hit to sales as a result of the warm weather in autumn.
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NewsClaire's Accessories records slump in operating profits
Claire’s Accessories’ UK operating profit slumped from £5.1m to £629,000 in its full year to February 1, 2014, after a fall in sales.
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NewsPets at Home to extend Barkers dog spa trial as it bolsters services
Pets at Home will trial its premium Barkers format in the South as part of ambitions to build on the rapid growth of its services business.
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NewsAlliance Boots buys stake in Chinese pharmaceutical giant
Alliance Boots has completed the acquisition of a stake in one of China’s biggest pharmaceutical companies, Nanjing Pharmaceutical Company.
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NewsMulberry reports pre-tax loss as it continues to drive return to growth
Mulberry has reported a pre-tax loss of £1.1m in its interim results as it continues to take steps to return the business to growth.
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NewsPets at Home reports strong sales and profits in interim results
Pets at Home has reported strong sales and profits in its interim results and remains confident about its prospects for the future.
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NewsChancellor confirms business rates review as 2% cap extended
Chancellor George Osborne has confirmed that there will be a review into the structure of business rates and has extended the 2% cap.
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NewsGeorge Osborne to unveil business rates review in Autumn Statement
Chancellor George Osborne is set to reveal an overhaul of business rates later today following a prolonged campaign against the tax.
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NewsEdinburgh Woollen Mill profits up as it plots 100 new stores
Edinburgh Woollen Mill has unveiled a rise in group profits as it plots 100 store openings in the next two years.