Latest finance news – Page 391
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NewsFood prices decline for first time in eight years in November
Food prices last month fell for the first time in at least eight years as both fresh and ambient food categories reported annual deflation.
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NewsBreakfast briefing: Retail news on rates, Tesco, food prices and Amazon
Retail news round-up on December 3, 2014: Chancellor to review business rates; Tesco director to resign; Food prices down; Amazon boss on failure
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NewsHarris + Hoole losses widen to £12.8m on back of store expansion
Tesco-backed coffee chain Harris + Hoole reported a pre-tax loss of £12.8m in the year to February 2014, after it opened a raft of shops.
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NewsPark Group sales up on back of rising consumer confidence
Christmas voucher specialist Park Group said rising consumer confidence helped sales soar 21% to £58.5m in the six months to September 30.
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NewsMcColl's reports 'solid' full year as like-for-likes edge up
Convenience retailer McColl’s reported a 0.7% rise in like-for-like sales in its first full-year update since its IPO in February.
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NewsAlliance Boots acquires skincare brand Soap & Glory
Alliance Boots has acquired skincare brand Soap & Glory from founder and entrepreneur Marcia Kilgore.
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NewsBonmarché profits and sales surge as product and pricing overhaul pays off
Bonmarché has posted a surge in half-year profits as sales rise following an overhaul of its product, pricing and supply chain.
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NewsSuspended Tesco executives may leave the business next week
The eight Tesco directors suspended as a result of the supermarket’s accounting scandal are expected to leave as early as next week.
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NewsWaitrose sales rise 5.2% as shoppers gear up for advent
Waitrose sales rose 5.2% in the week to November 22 as shoppers geared up for advent and starting Christmas shopping.
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NewsRevenues and employment up among top Scottish retailers
Retailers’ contribution to the Scottish economy is becoming increasingly important, according to a report by Grant Thornton.
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NewsJaeger reduces losses as turnaround strategy makes progress
Fashion retailer Jaeger has reported improved annual sales and reduced losses as its turnaround programme bears fruit.
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NewsPoundland profits up over 30% as it continues expansion
Poundland has reported underlying pre-tax profits up 34.2% to £12.6m in its interim results as it ploughs ahead with its expansion plans.
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NewsSignet's UK jewellery sales sparkle in the third quarter
Signet’s UK division, which comprises jewellers H Samuel and Ernest Jones, said sales increased 8.4% to $151m (£96m) in its third quarter.
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NewsFindel reports first H1 profit in six years as revenues remain flat
Findel has turned its first pre-tax profit during the first half of its year for six years despite revenues remaining broadly flat.
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NewsZalando on course for full-year profitability after strong third quarter
Fashion etailer Zalando expects to make a profit this year after breaking even during the third quarter for the first time.
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NewsFrench Connection like-for-likes fall 5.7% amid tough autumn trading
French Connection has reported like-for-like sales were down 5.7% in the UK and Europe as the warm autumn weather resulted in tough trading.
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NewsAo.com to accelerate European roll-out after German launch
Electricals etailer Ao.com is to accelerate its European roll out after successfully launching in Germany six months ahead of schedule.
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NewsArcadia boss Sir Philip Green hints at more deals to come
Arcadia tycoon Sir Philip Green has raised the prospect of further acquisitions as he reported a fall in full-year profits.
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NewsKoovs sales and traffic soar as Indian fashion etail takes off
Sales at Indian fashion etailer Koovs rose by over a quarter in the six months to end of September compared with the preceding six months.
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NewsJD Sports offloads struggling young fashion chain Bank
JD Sports Fashion has sold its struggling young fashion business Bank and has stated it will focus on investing in its sports fascias.