Latest finance news – Page 397
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NewsSignet promotes from within as chief executive resigns
Signet has promoted chief operating officer Mark Light as chief executive after current incumbent Mike Barnes resigned.
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NewsBreakfast briefing: Retail news on M&S, Mulberry, inflation and more
Retail news round-up on October 15, 2014: Inflation slows to five-year low; New boss at Signet Jewelers; M&S asked to phase-out chillers; and more.
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NewsHome Bargains profits jump as it plots expansion in the south
Value retailer Home Bargains pretax profits jumped in the year to June 30 as it plots expansion outside of its northern heartland.
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NewsTesco suspends another three executives but no more thought likely
Tesco has suspended a further three executives as it delves deeper into the investigation into the £250m profits overstatement.
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NewsBusiness rates to increase 2.3% next year as RPI inflation rate unveiled
Business rates are poised to increase by 2.3% in 2015/16 after the Office for National Statistics released its RPI inflation figures for September.
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NewsMulberry issues another profit warning as first-half revenues dive
Mulberry has issued a profit warning after a plunge in revenues in the face of “continuing headwinds affecting the luxury sector”.
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NewsCarpetright reports UK like-for-likes up 7% in second quarter
Carpetright has reported like-for-like sales in the UK up 7% and total sales up by 5.7% in the 11 weeks to October 11, 2014.
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NewsEtailer Boohoo reports pre-tax profits up 23% and sales up 31%
Newly-floated fashion etailer Boohoo.com has reported pre-tax profit up 23% to £4.5m in the six months to August 31, 2014.
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NewsTesco director draws up list of possible successors to chairman
A Tesco director is understood to be drawing up a list of possible successors to chairman Sir Richard Broadbent following its accounting crisis.
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NewsFormer Wiggle boss Humphrey Cobbold in bid for Sofa.com
Former Wiggle chief executive Humphrey Cobbold is working on an offer for Sofa.com alongside buy-out group Close Brothers.
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NewsAsda profits rise despite challenging grocery market
Asda operating profits were up 18.2% to £993.9m last year despite the tough market conditions.
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NewsPaperchase's owner hires advisers for potential £150m sale of business
Paperchase’s owner Primary Capital is considering a £150m sale of the business after being approached by several bidders.
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NewsThorntons' sales plunge 11.9% in first quarter as it transforms into FMCG business
Thorntons’ sales plunged 11.9% during its first quarter due to fluctuations in its quarterly reporting as it transforms itself into an FMCG business.
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NewsTesco to part company with Ken Hanna and Jonathan Lloyd
Tesco is parting ways with company secretary Jonathan Lloyd and the chairman of its audit committee Ken Hanna.
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NewsN Brown boss said it was 'knocked sideways' by warm September
N Brown boss Angela Spindler said the retailer was “’knocked sideways” by the unusually warm weather that led the company to issue a profit warning.
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NewsMothercare launches rights issue after shareholders back digital plan
Mothercare’s rights issue has gone live after shareholders overwhelmingly supported the plan to raise £100m for a digital transformation.
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NewsJessops turns profit in first full year under owner Peter Jones
Jessops has turned a profit in its first full financial year under owner and Dragons’ Den star Peter Jones as it plans to open stores.
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NewsSofa.com hires retail operations director as it builds its infrastructure
Online furniture retailer Sofa.com has hired its first director of retail operations in UK and Europe to support its expansion.
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NewsMade.com hires first chief financial officer as it gears up for growth
Furniture etailer Made.com has hired its first chief financial officer, ex-Play.com finance boss John Clark, as it gears up for growth.
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NewsDFS to open first international store in Netherlands as profits rally
DFS is to launch its first international store in the Netherlands this year on the back of improved sales and profits in its second half.