Latest finance news – Page 395
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NewsSerious Fraud Office to investigate Tesco accounting scandal
The Serious Fraud Office (SFO) has launched a criminal probe into accounting irregularities that resulted in Tesco’s overstatement of profits.
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NewsNext's third quarter results: What the analysts say
Next sales increased 5.4%, behind its expectations of 10%, in its third quarter to October 25. Retail Week highlights what the analysts say about the results.
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NewsNext cuts full-year profit expectations as warm autumn hits sales
Next has reduced its profit expectations for the year after the unseasonably warm start to autumn hit sales growth in its third quarter.
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NewsBRC reiterates urge to overhaul business rates system
The British Retail Consortium has reiterated its call for rates reform as it sets out the need to tackle excessive fees charged on card payments.
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NewsTesco chief Dave Lewis offered £2.8m in share options
Tesco’s new chief executive Dave Lewis has been offered share options worth almost £2.8m at today’s prices.
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NewsBreakfast briefing: Retail news on Sports Direct, Tesco and Co-op
Retail news round-up on October 28, 2014:Sports Direct forced to spell out controversial ‘zero-hours’ contracts in job ads, Tesco chief awarded share options worth £2.8m, Dennis Holt to chair board of Co-op Bank
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NewsM&S fashion market share declines but margin likely to have been preserved
Marks & Spencer has suffered a further erosion of fashion market share, the latest Kantar fashion retail data has shown.
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NewsOffice owner gears up for sale or float as it expands internationally
Office is accelerating plans to expand across Europe as the footwear retailer’s owners consider a sale or an IPO of the company.
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NewsUPDATED: Mothercare raises £100m as shareholders take up underwritten rights issue
Mothercare has raised £100m that it will invest in its digital transformation and a business overhaul after underwriters found subscribers for the rump of its rights issue.
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NewsTesco reviews bonus of new boss Dave Lewis following accounting scandal
Tesco boss Dave Lewis is in discussions about a new bonus deal as the board reviews executive pay following the retailer’s accounting scandal.
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NewsBreakfast briefing: Retail news on Office, Morrisons and Tesco
Retail news round-up on October 27, 2014: Office owners explore sale or float; Morrisons hikes prices on several products; Tesco boss admits exec pay under review.
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NewsAmazon's operating loss spirals to £338m as it writes down smartphone costs
Amazon’s operating loss spiralled to $544m (£338m) for its third quarter after being hit by a write-down of costs associated with its smartphone.
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NewsInfographic: John Lewis reports 'mixed' sales as weather hits demand
Sales at John Lewis were “mixed” last week as a strong performance in the home category was offset by the impact of mild weather on apparel.
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NewsTesco’s Broadbent: ‘I didn’t have to go but it’s a matter of principle’
Tesco chairman Sir Richard Broadbent has emailed staff explaining his exit was evidence that “Tesco is fundamentally a company of principles”.
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NewsPets at Home posts sales rise as loyalty scheme draws customers
Pets at Home has posted first-half like-for-like sales growth of 4.2% as its loyalty scheme and vets’ practices performed well.
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NewsBreakfast briefing: Retail news on Amazon, Apple and H&M
Retail news round-up on October 24, 2014: Amazon posts third-quarter loss; Apple to open 15 stores in China; H&M celebrates 10 years of designer collaborations
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NewsKiddicare’s new owner WorldStores unveils revival plan for retailer
Kiddicare’s new owner, etail group Worldstores, has unveiled the retailer’s plan to grab shares in the embattled maternity sector.
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NewsDebenhams will not resort to knee-jerk discounting this Christmas, insists Sharp
Debenhams boss Michael Sharp insisted it would not resort to knee-jerk discounting over Christmas despite the unseasonably warm start to the season.
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NewsTesco chief says there was no personal financial gain in accounting scandal
Tesco’s new chief executive Dave Lewis has said there is no evidence of personal financial gain in the accounting scandal that has rocked the grocer.
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NewsDebenhams full-year profits tumble as January discounting dents margins
Debenhams has revealed a 20.6% slump in full-year group underlying pretax profits as deep January Sale promotions dented margins.