Latest finance news – Page 406
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NewsBreakfast briefing: Retail news on consumer confidence, Matalan and Amazon
Retail news round-up on July 31, 2014: Consumer confidence slips for first time in six months, Matalan contributes to Rana Plaza victims’ trust fund, Amazon to inject $2bn in Indian operations
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NewsInfographic: Pets at Home expansion plans for 2015
Pets at Home has unveiled its expansion plans for next year after posting a like-for-like sales increase of 4.1% for its first quarter.
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News
Wickes turns to branded products as it eyes store estate expansion
DIY retailer Wickes is doubling the number of branded products it sells in response to customer demand as it eyes further store openings.
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NewsSports Direct buys stake in golf specialist Direct Golf
Sports Direct has taken an undisclosed equity stake in Direct Golf as the golf retailer aims to grow across Europe.
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NewsPets at Home like-for-likes jump 4.1% on back of growing loyalty scheme
Pets at Home like-for-likes have grown by 4.1% in its first quarter after building on momentum created by its VIP Club loyalty programme.
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NewsWickes sales and profits increase in first half
Travis Perkins’ consumer arm, largely comprising of Wickes, has posted rising sales in its first half, with “solid growth” expected for the year.
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NewsAnalysis: New Morrisons chairman Andy Higginson's 'to do' list
Incoming Morrisons chairman Andy Higginson has a big task on his hands at the grocer. Retail Week looks at what his priorities might be.
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NewsGrocery market growth falls to lowest level in 10 years as price war escalates
Grocery market growth fell to 0.9% in the 12 weeks ending July 20, the lowest level for 10 years, as the price war takes hold of the sector.
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NewsCarpetright records quarterly sales growth up 5.2%
Carpet and floor coverings specialist Carpetright has posted total sales up 5.2% in the 13 weeks to July 26.
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NewsNext raises full-year profit guidance for second time this year
Next has increased its full-year expectations for the second time this year, following a bumper first half as it hits the expansion trail for its home format.
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NewsMorrisons appoints retail heavyweight Andrew Higginson as its new chairman
Morrisons has hired retail heavyweight and former Tesco finance director Andrew Higginson as its new chairman, as he steps down from Poundland.
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NewsBreakfast briefing: Retail news on Morrisons, Next and Carpetright
Retail news round-up on July 29, 2014: Poundland appoints former Carpetright boss Darren Shapland as its chairman, Next raises full-year profit guidance for second time and Carpetright posts 5.2% sales jump
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NewsNew measures to crack down on pre-pack administration deals
Pre-pack administration, which lets bosses of struggling firms wipe debt by going into administration and still trading, may be banned.
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NewsB&M reports first-quarter like-for-like sales rise of 6%
Newly floated value retailer B&M has posted strong first-quarter sales growth and said that full-year guidance is in line with expectations.
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NewsMothercare finance boss Matt Smith to leave for Debenhams
Department group Debenhams has named Matt Smith as chief financial officer.
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NewsBreakfast briefing: Retail news on Home Retail Group, Morrisons and 'supermarket tax'
Retail news round-up on July 28, 2014: Home Retail considers Homebase disposal, retailers attack ‘supermarket tax’ proposal, Leighton and Norman in frame for Morrisons chairmanship
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NewsDestination Maternity reveals it will not bid for Mothercare
Destination Maternity has revealed it does not intend to make an offer for the UK mother and baby retailer Mothercare.
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NewsMothercare chief financial officer Matt Smith resigns
Mothercare chief financial officer Matt Smith has resigned from his role at the maternity retailer.
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NewsSainsbury’s shares jump 4% on Qatari bid speculation
Sainsbury’s shares have risen 4%, amid a resurgence of market speculation that the supermarket’s biggest investor, the Qatar Investment Authority, is considering another bid.
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NewsAmazon loses £9.4bn in value as it posts £74.2m second-quarter loss
More than $16bn (£9.4bn) was wiped off the value of Amazon last night as it posted a net loss of $126m (£74.2m) in the three months to June 30.