Latest finance news – Page 407
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NewsBreakfast briefing: Retail news on Amazon and Comet
Retail news round-up on July 25, 2014: Amazon quarterly loss widened to £74m in its second quarter and Vince Cable to reveal Comet’s administrators face a probe by the accounting watchdog.
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NewsKingfisher sales dip in second quarter after slowdown in France and Poland
DIY giant Kingfisher has reported a 1.8% drop in like-for-like sales in its second quarter after a slowdown in trading in France and Poland.
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NewsApple's iPad stutters as iPhone sales surge
Apple’s tablet sales were down 9.9% year on year for the quarter ending June 28 as its sales of iPhones remained strong to help it to a record quarter.
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NewsBreakfast briefing: Retail news on Lidl, Made.com, Tesco and more
Retail news round-up on July 23, 2014: Lidl paid ‘over £25m’ in tax, Made.com launches social network platform, Shareholders question Philip Clarke’s pay-off, and more.
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NewsBeales accused of 'setting record for foolishness' by shareholder Panther
Department store Beales has angered its largest shareholder Panther Securities by removing the property firm’s representative from its board.
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NewsCath Kidston gets investment from Baring Asia as it eyes Chinese expansion
Cath Kidston has sold a stake in the business to private equity firm Baring Asia as it plans over 100 stores in China within three years.
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NewsMcColl's posts operating profit up 14.6% as it appoints new chairman
McColl’s posted operating profit up 14.6% in its half year, as the convenience retailer promoted deputy chair John Coleman to chairman.
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NewsBreakfast briefing: Retail news on White Stuff, McColl's, New Look and Matalan
Retail news round-up on July 22, 2014: White stuff posts ‘strong’ full-year peformance, McColl’s posts half-year profits dip, Two New Look directors depart, Matalan to open its first ever Oxford Street store.
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NewsCo-op's former chief executive Euan Sutherland receives £1m payoff
The former Co-operative boss Euan Sutherland is to receive a £1m payoff after quitting as chief executive after only 10 months.
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NewsTesco boss Philip Clarke steps down as grocer warns on profits
Tesco chief executive Philip Clarke is stepping down after a profit warning and will be replaced by Unilever personal care president Dave Lewis.
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NewsBreakfast briefing: Retail news on Mothercare, Tesco, Argos and more
Retail news round-up on July 21, 2014: Mothercare finance chief poised to join Debenhams, Tesco to build 4,000 UK homes, Argos to trial same day delivery and more
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NewsDixons Carphone merger wins approval from shareholders
Carphone Warehouse and Dixons’ shareholders approved the merger of the two companies at separate general meetings held by both retailers yesterday.
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NewsExpress Gifts owner Findel reports sales decline of 2.2%
Findel’s sales decreased 2.2% for the 15-week period to March 31 despite Express Gifts increasing its sales for the period by 6.2%.
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NewsThe Co-operative Group sells pharmacies to Bestway for £620m
The Co-operative Group has agreed to sell its pharmacies to Sir Anwar Pervez’s Bestway in a deal valuing the health specialist at £620m.
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NewsMothercare’s first-quarter results: What the analysts say
Find out what the analysts make of Mothercare revealing a 0.9% rise in UK like-for-likes for the 15 weeks to July 12 as it welcomes new boss Mark Newton-Jones.
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NewsNick Bubb’s verdict: Sports Direct - challenging targets?
Mike Ashley is keen to encourage Sports Direct staff to work even harder to hit the company’s EBITDA target, but is this year’s target that challenging?
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NewsMothercare to take online sales hit as it shifts to full-price focus
Mothercare expects to take an online sales hit in the short term as new boss Mark Newton-Jones puts full-price sales at the heart of strategy.
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NewsAo.com quarterly like-for-likes jump 30% as it prepares for German launch
Electricals etailer Ao.com like-for-likes jumped 30% in the three months to June 30 as it prepares to launch Ao.de site in Germany.
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NewsSports Direct reports surging sales and profits in full year
Mike Ashley’s Sports Direct has reported retail like-for-like sales increased 10.5% and profits soared by 19.8% for its full year.
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NewsMothercare boss Newton-Jones unveils 'modernising' turnaround plan
Mothercare’s new chief executive Mark Newton-Jones has unveiled a turnaround plan to “fix the basics” at the maternity specialist.