Latest finance news – Page 408
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NewsSainsbury’s AGM welcomes rival Philip Clarke in name only
At Justin King’s final AGM last week a questions came from one of the grocer’s shareholders, who shared his name with Tesco boss Philip Clarke.
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NewsSports Direct's Mike Ashley withdraws from new bonus scheme
Sports Direct owner Mike Ashley has withdrawn from the Bonus Share Scheme this month, following pressure from the City.
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NewsInflation records sharp increase to 1.9% in June
Inflation has jumped sharply to 1.9% in the year to June from 1.5% in May, driven by clothing price rises.
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NewsBreakfast briefing: Retail news on June retail sales figures and Iceland Foods
Retail news round-up on July 15, 2014: UK retail spending up 0.6% in June and Iceland Foods completes £950m debt refinancing deal.
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NewsKiddicare acquired by investment firm Endless for £2m
Investment firm Endless has acquired online maternity specialist Kiddicare from Morrisons for £2m, Retail Week can reveal.
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NewsConviviality posts surging full-year profits as it eyes 'strong' future growth
Bargain Booze owner Conviviality Retail has posted surging full-year profits despite a fall in sales due to store closures.
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NewsHalfords unfazed by Froome and Cavendish exiting Tour de France
Halfords boss Matt Davies does not believe Chris Froome and Mark Cavendish crashing out of the Tour de France will damage sales.
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NewsMarks & Spencer chief finance officer Alan Stewart to join Tesco
Marks & Spencer chief finance officer Alan Stewart is stepping down from the retailer to join Tesco.
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NewsBurberry warns foreign exchange rates could hit profits
Luxury brand Burberry has warned that volatile exchange rates could hit full year profits as it revealed a quarterly sales rise.
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NewsHalfords sales up 7.9% as Tour de France gives cycling a boost
Halfords revealed group revenue increased 7.9% in its first quarter as cycling sales were boosted by interest in the Tour de France.
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NewsPrimark sales rise 22% in third quarter as new stores boost growth
Primark posted a 22% sales surge in its third quarter to June 21, driven by new stores and like-for-like growth.
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NewsSuperGroup records 'solid' full-year performance as it eyes European expansion
SuperGroup delivered a “solid” full-year performance and plans to drive further growth through European expansion.
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NewsMothercare appoints Mark Newton-Jones as permanent chief executive
Mothercare has appointed interim boss Mark Newton-Jones as its permanent chief executive.
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NewsHMV reveals UK sales of £470m in first year out of administration
HMV has reported UK sales of $804m (£470m) in its first full year since being bought out of administration.
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NewsBreakfast briefing: Retail news on Kiddicare, Sunday trading and Mothercare
Retail news round-up on July 10, 2014: Sainsbury’s unsupportive of relaxing Sunday trading rules, Endless close to buying Kiddicare
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NewsFat Face broadens range with gymwear and underwear
Fashion retailer Fat Face is extending its product range with gymwear and underwear as it vies to grow its store estate.
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NewsTed Baker appoints finance director Lindsay Page as chief operating officer
Ted Baker has appointed long-serving group finance director Lindsay Page as its chief operating officer.
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NewsThorntons full year retail like-for-likes rise 1.1%
Chocolatier Thorntons retail like-for-likes increased 1.1% in its full year but fell 3.9% in its fourth quarter.
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NewsFat Face EBITDA up as it insists it's 'business as usual' after abandoned IPO
Fat Face EBITDA surged 26% to £39.3m in its full year to May 31 as it said it was “business as usual” following its abandoned IPO.
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NewsShop prices lowest on record due to supermarket price war
Shop prices deflated to their lowest rate on record in June, falling 1.8% in the month, due in part to fierce competition among grocers.