Latest finance news – Page 398
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NewsN Brown issues profit warning after warm autumn hits demand
N Brown has issued a profit warning as it becomes the latest fashion retailer to be hit by unseasonably warm weather in September.
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NewsBonmarché launches menswear to appeal to women buying for husbands
Mature fashion retailer Bonmarché has launched a menswear range in 50 stores and online as it targets women buying for their husbands.
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NewsShop price deflation accelerates in September and is set to continue
Shop price deflation accelerated to 1.8% in September from 1.6% in August, as retailers recorded historically low levels of price increases which are set to continue.
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NewsTesco investors ready to support a capital-raising
Several institutional investors in Tesco have signaled that they would back a capital-raising of £1bn to £2bn, according to reports.
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NewsFifth Tesco executive suspended as TPG eyes £2bn Dunnhumby bid
TPG is eyeing a £2bn bid for Tesco’s data business, Dunnhumby, as a fifth executive is suspended over the grocer’s £250m profit overstatement.
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NewsTopshop launches on China's ShangPin with mall takeover
Chinese fashion etailer ShangPin and Topshop took over one of Beijing’s largest malls last week with a mobile marketing campaign.
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NewsTed Baker expands into taller and cycling ranges as it eyes further brand extension
Ted Baker has expanded into taller ranges and cycling clothes as boss Ray Kelvin said there is potential to extend its brand further.
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NewsDunelm like-for-likes jump 8.9% helped by weak comparatives
Homewares retailer Dunelm’s like-for-likes jumped 8.9% in its first quarter helped by weak comparatives during last year’s heatwave.
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NewsSports Direct ups stake in Debenhams to 11.2% as its rolls out concessions
Mike Ashley’s Sports Direct has upped its stake in Debenhams by a further 4.6%, just days after it put a £43m bet on Tesco.
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NewsBillionaire investor Warren Buffett said investing in Tesco was a 'mistake'
Billionaire investor Warren Buffett has said that investing in Tesco was a “huge mistake” after shares slup 45%.
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NewsFurniture Village swings back to pre-tax profit after realigning margins
Furniture Village has swung to a pre-tax profit of £1.6m for the year following a loss last year, on the back of improving margins.
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NewsTed Baker half-year profits jump 24.2% as ecommerce sales surge
Ted Baker’s half-year profits have jumped by 24.2% and ecommerce sales at the fashion retailer have surged by almost 50%.
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NewsFindel to report first H1 profit in six years as it considers Kitbag sale
Findel is set to report a profit before tax in the first half of its year for the first time in six years and is considering selling off its Kitbag business.
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NewsZalando valued at £3.8bn as it floats on Frankfurt stock exchange
Zalando, Europe’s biggest fashion etailer, has listed on the Frankfurt stock exchange today with a value of €4.9bn (£3.8bn).
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NewsSainsbury's reports Q2 like-for-likes down 2.8% and warns on second half
Sainsbury’s has reported like-for-like sales excluding petrol down 2.8% for its second quarter, as boss Mike Coupe warns the second half is likely to be as tough.
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NewsConsumer confidence in stasis as growth in GDP fails to rub off
Consumer confidence has dropped in September as people failed to feel better off despite the UK’s growth in GDP, according to GfK.
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NewsTesco lines up £2.5bn war chest to protect it from ratings downgrades
Tesco has secured a £2.5bn revolving credit facility to protect it against the impact of possible ratings downgrades, following last week’s profits crisis.
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NewsAo.com to launch first overseas website in Germany tomorrow
Electrical appliances etailer Ao.com is poised to launch overseas for the first time with its German website tomorrow (October 1).
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NewsNext warns unseasonably warm weather could hit full-year profit
Unseasonably warm weather in September has hit Next’s sales in its third quarter and the retailer said if it continues it will impact full-year profits.
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NewsBreakfast briefing: Retail news on consumer confidence, Tesco and Apple
Retail news round-up on September 30, 2014: Consumer confidence falls in September, Tesco signed £2.5bn credit facility and Apple could be fined for potentially illegal tax deals in Ireland