Latest finance news – Page 392
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NewsComment: Retail’s prospects look encouraging in the new year
The retail focus right now is on ensuring jingling tills over the festive season but thoughts are already turning to prospects in 2015.
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NewsTopps Tiles annual profits surge 31.5% as it seizes market share
Topps Tiles has revealed a 31.5% rise in full-year adjusted pre-tax profit as strong sales helped it gain a larger market share.
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NewsArcadia full-year profits dip in challenging market conditions
Arcadia has posted a fall in pre-tax profits amid challenging conditions and a tough start to the new financial year following the warm autumn.
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NewsKingfisher's struggles in France continue as Sir Ian Cheshire bows out
Kingfisher has reported a 0.9% dip in like-for-like sales during its third quarter as sales suffered in a weak French market.
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NewsAo.com doubles EBITDA in first half as revenues surge 25.1%
Ao.com doubled its EBITDA for the first half of the year as sales during the period surged ahead of its first overseas expansion.
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NewsNew Look finalises sale of struggling French arm Mim
New Look has completed the sale of its French fashion business, Mim, to holding company Main Asia for an undisclosed sum.
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NewsGameStop sales drop below expectations as it warns on cheap digital games
GameStop posted third-quarter results below expectations after the delayed release of the Assassin’s Creed Unity game and falling software sales.
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NewsFortnum & Mason posts record full-year profits of £3.8m
Fortnum & Mason has reported record full-year pre-tax profits of £3.8m on the back of expansion both in the UK and overseas.
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NewsBreakfast briefing: Retail news on Aldi, Tesco, Amazon and business rates
Retail news round-up on November 24, 2014: Aldi UK leadership pair part company, Tesco cuts ad spend, Amazon plans new video service, business rates reform urged
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NewsDeloitte forecasts shoppers to spend £42.4bn this Christmas
Consumers are forecast to spend £42.4bn this Christmas, a £1.5bn increase on last year, according to statistics released by Deloitte.
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NewsCasino's Cnova price disappoints as it lists on Nasdaq
Casino-owned etail group Cnova began trading on the Nasdaq Stock Market yesterday, after analysts expressed disappointment over its IPO price.
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NewsEx-JJB Sports chief executive Chris Ronnie found guilty of fraud
Former JJB Sports chief executive Chris Ronnie has been found guilty of a £1m fraud that helped to fund a luxury lifestyle.
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NewsBreakfast briefing: Retail news on ex-JJB Sports boss Chris Ronnie, Net-a-Porter and cross-border shopping
Retail news round-up on November 21, 2014: Ex-JJB boss found guilty of £1m fraud, Richemont considers Net-a-Porter IPO and China becomes biggest consumer of UK goods online
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NewsAsda income tracker shows family spending power at all-time high
Family spending power reached a record high last month, with shoppers’ weekly spend rising year on year for the 13th month in a row.
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NewsMothercare reduces UK losses as turnaround continues
Mothercare’s group underlying pre-tax profits were up 65% to £3.3m in the half year with the UK loss lessening as it continues its turnaround.
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NewsBritish Property Federation calls for overhaul of business rates
The British Property Federation (BPF) had urged the government to reform the business rates system ahead of the Autumn Statement.
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NewsTesco poised to part ways with auditor PwC following accounting scandal
Tesco is understood to be on the verge of ditching its auditor PwC following the accounting scandal which saw the grocer report a £263m profits overstatement.
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NewsB&M group in talks to acquire stores from six retailers
B&M is in talks to acquire stores from six retailers including a supermarket, as the group embarks on plans to become a ‘national retailer’.
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NewsB&M sales and EBITDA jump after Jawoll acquisition and store expansion
B&M European Value Retail recorded a rise in EBITDA and revenue in its first half as expansion continued and it bedded in newly acquired Jawoll.
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NewsMarks & Spencer poaches John Lewis finance chief Helen Weir
Marks & Spencer has appointed John Lewis Partnership financial chief Helen Weir as its new chief financial officer.