Latest finance news – Page 393
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NewsScS eyes return to stock market six years after administration
Furniture retailer ScS has appointed bankers Investec as it eyes a potential return to the stock market six years after collapsing into administration.
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NewsMajestic Wine sees sales rise but profits fall during first half
Majestic Wine Warehouse has reported a rise in sales but a fall in profits as it invested in infrastructure, technology and consumer insights.
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NewsMountain Warehouse reports 65% surge in first-half profits
Outdoor goods specialist Mountain Warehouse has revealed record first-half results and is expanding in the UK and overseas.
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NewsAsda chief admits more to do in discounter battle as like-for-likes fall
Asda has fallen into negative like-for-like territory, reporting a 1.6% fall in its third quarter, as the trading environment took a toll.
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NewsEntertainment group Game outperforms market as sales rise 17%
Game’s sales in its first quarter surged by 17% year on year as it grew faster than the games market generally.
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NewsTed Baker beats unseasonable weather to post steep sales rise
Fashion retailer Ted Baker has posted a 15.7% increase in group sales as it continued expanding the business internationally.
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NewsWHSmith reports flat sales as travel division like-for-likes edge up
WHSmith has recorded an increase in sales at its travel division as it posts flat total group sales for the start of its financial year.
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NewsBurberry underlying profits and sales up amid challenging global conditions
Burberry has reported a 14% increase in underlying sales and a 6% rise in profits for the six months to the end of September.
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NewsBargain Booze to launch in Scotland as group like-for-likes slip
Bargain Booze owner Conviviality Retail has unveiled plans to expand into Scotland.
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NewsVideo: Sainsbury’s boss says death of superstore ‘grossly exaggerated’
Sainsbury’s boss Mike Coupe says the “death of the superstore is grossly exaggerated” despite stating a quarter of its stores have too much space.
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NewsCard Factory reports sales up almost 9% and appoints property director
Card Factory has reported a sales rise of 8.7% over a nine-month period and has named Tim Lloyd property director.
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NewsSainsbury's reports interim profits down 6% as it unveils fightback plan
Sainsbury’s has reported falling first half profits and unveiled plans to invest in price and quality to fight back in the new era of grocery retailing.
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NewsPandora like-for-like UK sales rise in the third quarter
Jewellery retailer Pandora recorded strong sales growth in the UK during the third quarter as it posted a 33.8% rise in group EBITDA.
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NewsThe Range pre-tax profits jump 30% as it rolls out new stores
The Range increased annual pre-tax profits by 30% year on year on the back of opening new stores while maintaining fixed cost levels.
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NewsNew Look half-year sales and profits up but remains cautious for outlook
New Look has reported sales and profits up for its half year but remains cautious for the full year owing to the warm autumn weather.
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NewsUK retail like-for-like sales remain flat in October
Retail like-for-likes were flat in October as the unseasonably warm weather and supermarkets’ promotions continued to hit sales.
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NewsSainsbury’s to scale back store openings and cut dividend
Sainsbury’s is to scale back its store-opening programme and cut its dividend as it aims to combat falling sales.
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NewsBreakfast briefing: Retail news on Sainsbury's and Tesco
Retail news round-up on November 10, 2014: Sainsbury’s to scrap store openings programme,Warren Buffett loses $678m on Tesco investment, Tesco surrenders top spot in entertainment sales to Amazon
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NewsHalfords sees scope for 100 bike shops in towns across UK
Halfords boss Matt Davies said he can see scope to open 100 new small-format Cycle Republic shops in major towns and cities.
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NewsMike Ashley's Sports Direct places new bet on Debenhams
Mike Ashley’s Sports Direct has disposed of its 4.6% stake in Debenhams but has entered into a put option for a further 6.1% share.