Latest finance news – Page 403
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NewsMy-Wardrobe reviews options as it cancels spring 15 orders
Fashion etailer My-Wardrobe has hit troubled waters again as it reviews its strategic options after cancelling all of its spring 15 orders.
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NewsHouse of Fraser's new owners outline global ambitions as £480m deal goes through
House of Fraser’s new owners have outlined ambitions to build the business internationally as its sale to Chinese firm Nanjing Cenbest formally went through.
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NewsCo-operative Group sells Sunwin business for up to £41.5m
The Co-operative Group is to sell its Sunwin Services business to Cardtronics for up to £41.5m in the latest phase of its restructuring.
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NewsVodafone hangs up on Phones 4u and ups distribution with Dixons Carphone
Vodafone has decided to withdraw its products from Phones 4u leaving the retailer with only EE as a full mobile operator partner.
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NewsFurther Tesco shareholders rush to dump shares in struggling grocer
A raft of major banks and fund managers have joined Harris Associates in dumping Tesco shares following its profit warning on Friday.
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NewsBreakfast briefing: Retail news on Phones 4u, Co-op Food, Terry Duddy and Made.com
Retail news round-up on September 2, 2014: Vodafone ends Phones 4u network agreement, Co-op Food unveils more price cuts, Made.com develops mobile app and ex Home Retail boss Terry Duddy to chair Retail Trust.
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NewsTesco investor slashes stake as Dave Lewis takes over as CEO
Tesco’s major shareholder Harris Associates has sold two thirds of its stake in the business and blasted the supermarket for having no clear strategy.
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NewsHome Retail Group shareholder vetoes Homebase sell-off
Home Retail Group’s shareholder Taube Hodson Stonex Partners has vetoed a sell-off of the Homebase business.
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NewsCo-op members overwhelmingly approve governance reform proposals
The Co-op’s members have overwhelmingly backed governance reform proposals aimed at modernising and professionalising the business.
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NewsBreakfast briefing: Retail news on Iceland, Aldi, and Tesco
Retail news round-up on September 1, 2014: Iceland completes £950m refinancing, Aldi to create 700 deputy store manager positions and major Tesco investor reduces stake in business.
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NewsConsumer confidence up three points in August as sentiment stabilises
Consumer confidence increased three points to 1 in August, confirming that sentiment has stabilised in the last few months.
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NewsTesco issues profit warning as new boss Dave Lewis parachuted in month early
Tesco has issued a profit warning today, as it parachutes in new chief executive Dave Lewis on Monday, a month earlier than originally planned.
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NewsBreakfast briefing: Retail news on Tesco, consumer confidence and John Lewis
Retail news round-up on August 29, 2014: Tesco issues profit warning, consumer confidence jumps in August and John Lewis and Waitrose weekly sales boosted by bank holiday
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NewsH Samuel owner Signet posts sales surge in second quarter
Signet’s UK division, which comprises H Samuel and Ernest Jones, posted total sales up 17% to $162.9m (£98.3m) in its second quarter.
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NewsAlibaba profits triple to £1.2bn as it prepares to float in the US
Chinese ecommerce giant Alibaba has almost tripled its profits as it prepares for a float on the US stock exchange that could value it at $200bn.
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NewsBreakfast briefing: Retail news on Asos, Zara and Matalan
Retail news round-up on August 28, 2014: Shares in Asos surge on bid rumours; Zara withdraws holocaust-like pyjamas and Matalan criticised for size of donation to Rana Plaza compensation fund.
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NewsTK Maxx owner to open raft of new stores as sales increase 6%
TJX Europe, the parent company of TK Maxx and HomeSense, recorded a jump in like-for-likes as it prepares to roll out new stores.
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NewsMcColl's makes 'good progress' as sales jump in third quarter
McColl’s said it made “good progress” in its third quarter to May 26 as total sales jumped 4.3%.
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NewsFurniture Village plots expansion after securing £6m investment
Furniture Village has secured a £6m investment from the Business Growth Fund (BGF), which will help it accelerate store expansion.
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NewsAmazon buys video-game live-streaming site Twitch for £585m
Amazon has moved further into gaming by snapping up live-streaming gaming network Twitch for $970m (£585m), beating Google to the acquisition.