Latest finance news – Page 399
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NewsMade.com's sales surge 68% as international roll-out gathers pace
Made.com’s sales surged in its last financial year on the back of rapid web traffic growth and international launches in France and Italy.
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NewsHMV reports profits of £17m in 11 months after administration
HMV is set to report operating profits of nearly £17m during the 11 months after it fell into administration last year.
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NewsAldi says price war has played into its hands as sales and profits surge
Aldi has revealed surging full-year sales and profits and claims that the grocery price war has played into its hands.
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NewsTesco boss Lewis: 'Culture, processes and proposition must change'
Tesco boss Dave Lewis has told staff that its culture, processes and brand proposition must change but progress is being made despite this week’s accounting storm.
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NewsInfographic: Consumer confidence experiences its biggest fall so far this year
Consumer confidence has experienced its biggest fall so far this year, with the hitherto continuous rise in confidence halting at the end of the summer.
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NewsTesco former finance director McIlwee to get £1m payoff next week
Tesco’s former finance director Laurie McIlwee is to receive a £1m payoff next week despite an investigation into the £250m black hole in its profits.
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NewsBreakfast briefing: Retail news on Sainsbury's, House of Fraser, Tesco and Phones 4u
Retail news round-up on September 26, 2014: Sainsbury’s cuts prices, House of Fraser launches click-and-collect service at Caffè Nero and small investors buy Tesco shares,
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NewsTesco executives could be hauled before MPs over profit error
Tesco executives could be questioned by MPs about its overstated profit forecast, chairman of the Parliamentary Business Committee Adrian Bailey said.
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NewsTesco turmoil may hit Christmas trading, City analysts fear
Tesco’s difficulties following Monday’s revelation of a £250m profit forecast overstatement may hit Christmas trading, City analysts fear.
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NewsSports Direct takes £43m put option on Tesco as leading investor cuts stake
Billionaire retail tycoon Mike Ashley’s Sports Direct has agreed a put option covering 23 million shares in troubled grocer Tesco.
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NewsBreakfast briefing: Retail news on Tesco, Zara and Dixons Carphone
Retail news round-up on September 25, 2014: Leading Tesco investor sells shares; Zara’s UK profits fall; Dixons Carphone appoints marketing communications director
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NewsTesco warned it must address damaging company culture
Tesco must address an oppressive company culture that is damaging its business, a source closely connected to the grocer’s leadership team has told Retail Week.
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NewsDreams forecasts return to profit as it eyes brand extensions
Dreams is confident it can turn a profit this financial year after reporting a loss in its most recent trading period.
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NewsSerious Fraud Office keeps eye on Tesco as other grocers warned over accounting practices
The Serious Fraud Office is following events at Tesco closely as Sainsbury’s and Morrisons have been warned by auditors that they could be at risk of an accounting fiasco.
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NewsLakeland 'disappointed' as annual profits halve to £3m after investment
Lakeland has reported a “disappointing” set of results as its profits for the year halved after it invested heavily and cut prices.
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NewsTopps Tiles expects annual pre-tax profit to surge 30%
Topps Tiles expects pre-tax profit to have surged 30% in the current financial year owing to its “relentless” focus on growing market share.
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NewsMothercare to reveal new store designs this autumn as it bids for recovery
Mothercare will trial two new store designs this autumn as boss Mark Newton-Jones seeks to revive the retailer on the back of a £100m rights issue.
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NewsTesco chairman under pressure after board rejected warnings from auditors
Tesco chairman Sir Richard Broadbent is facing further pressure after it has emerged the grocer’s board dismissed warnings from its own auditor about how it was accounting for commercial deals with suppliers.
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NewsMothercare to raise £100m from rights issue to invest in digital transformation
Mothercare is seeking to raise about £100m by launching a rights issue as part of an ambition to make the company a “digitally led” business.
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NewsTesco persuades M&S to release CFO Alan Stewart early amid accounting crisis
Tesco’s new chief financial officer, Alan Stewart, will join the grocer today after a deal was struck with Marks & Spencer to terminate his contract early.