Latest finance news – Page 401
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NewsBreakfast briefing: Retail news on Phones 4u, Asos and N Brown
Retail news round-up on September 16, 2014: Vodafone slams Phones 4u management over retailer’s collapse, Asos sales growth and margins hit by warehouse fire, N Brown sales fall as it realigns business.
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NewsMySale will become 'very dominant' in the UK, says founder
MySale said it will be “very dominant” in the UK, where it launched in July, due to its “very aggressive” pricing and the vast array of brands on its site.
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NewsPhase Eight owner hires Rothschild to handle £300m sale
Phase Eight owner TowerBrook has hired Rothschild to conduct a sale of the womenswear retailer, which is expected to fetch £300m.
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NewsMySale full-year sales grow as it buys stake in Scandinavian rival
Etailer MySale, which counts Sir Philip Green and Mike Ashley among its investors, grew its full-year profits and has snapped up 60% of Invite to Buy.
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NewsUPDATED: Phones 4u collapses into administration after EE ends contract
UPDATES: Phones 4u has plunged into administration after EE decided to pull the plug on its contract with the mobile phone retailer.
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NewsBreakfast briefing: Retail news on Phones 4u, Phase Eight and footfall
Retail news round-up on September 15, 2014: Phones 4u goes into administration, Phase Eight owner hires Rothschild for sale, UK footfall drops 2.8% in August.
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NewsBusiness rates discounts to save high street retailers and firms £272m this year
Almost 300,000 retailers, pubs and restaurants are expected to save £272m in taxes this year due to the Government’s small business rates discount, high streets minister Penny Mordaunt revealed.
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NewsBoohoo's revenues surge 31% as all regions record growth
Boohoo’s revenues have jumped 31% year on year as it recorded growth across all regions for the half year.
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NewsBreakfast briefing: Retail news on Amazon, Aldi, Scottish independence and Ocado
Retail news round-up on September 12, 2014: Amazon to open new London office, Aldi to double UK stores, Justin King warns Scottish independence will increase prices and more.
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NewsHome Retail boss John Walden: 'Homebase is not for sale'
Home Retail Group boss John Walden has quashed speculation that Homebase is up for sale and said no decision has been made to divest the retailer.
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NewsMorrisons to launch loyalty scheme by Christmas as part of fight back
Morrisons boss Dalton Philips said its long-awaited loyalty scheme will launch before Christmas and will “reinforce our value credentials”.
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NewsWill Adderley returns to chief executive role at Dunelm as profits rise
Dunelm founding family member Will Adderley has become chief executive again following the resignation of Nick Wharton.
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NewsOcado sales surge in third quarter despite 'competitive' market
Ocado delivered “steady” growth in its third quarter, with group sales up 22.5%, despite the “competitive” market.
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NewsNext profits surge after 'strongest sales growth for many years'
Next’s pre-tax profit surged 19.3% to £324.2m in its first half as it experienced its “strongest sales growth for many years”.
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NewsHome Retail warns of 'inconsistent' recovery as sales edge up
Home Retail Group has warned of an inconsistent recovery as Argos’s like-for-likes edged up and Homebase’s sales remained flat in the second quarter.
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NewsMorrisons reveals plunge in first-half profits
Morrisons’ underlying pre-tax profit has plunged by more than half in its half-year results but the grocer says it has made “good progress” in its three-year ‘self-help’ plan.
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NewsBreakfast briefing: Retail news on Sports Direct and Debenhams
Retail news round-up on September 11, 2014: Sports Direct shareholder revolt over pay and Debenhams partners with Buyapowa
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NewsThorntons reports best retail like-for-like performance in six years
Chocolatier Thorntons has reported its best like-for-like performance in its retail division for six years as its turnaround plan gains traction.
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NewsSports Direct first-quarter profits surge despite disappointing World Cup
Sports Direct sales surged 12.2% to £711.2m and gross profit jumped 11.8% to £301.2m in its first quarter, despite a disappointing World Cup.
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NewsKingfisher boss Sir Ian Cheshire to exit as Castorama's Véronique Laury steps up
Kingfisher group chief executive Sir Ian Cheshire is to stand down by the end of the financial year to be replaced internally by Véronique Laury.