Latest finance news – Page 422
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NewsAsos pre-tax profits fall 22% as it invests for long-term growth
Asos first-half pre-tax profits fell 22% as it ploughed money into the business to reach its growth ambitions of generating sales of £2.5bn.
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NewsRetailers face 2% business rates increase from today
Retailers face a 2% business rates rise from today as the Government implements its £1bn support package to help revive the high street.
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NewsVictoria Plumb secures 'significant' investment from TPG
UPDATED: Bathroom etailer Victoria Plumb has confirmed it has secured “significant” investment from private equity firm TPG.
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NewsFindel sales up as it expects 'substantial' pre-tax profit growth
Express Gifts owner Findel revealed sales jumped 5% in its full year as it expects profits to be “substantially” ahead year on year.
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NewsBreakfast briefing: Retail news on Bhs, Elverys, Findel and more
Retail news round-up on April 1, 2014: Sir Philip Green targets 50 Bhs food stores by September, Sports Direct loses bid for Elverys, Express Gifts owner Findel full-year sales up 5% and Card Factory to float on the stock market
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NewsHouse of Fraser in acquisition talks with Chinese conglomerate Sanpower
House of Fraser is in talks with Chinese conglomerate Sanpower Group, which is eyeing buying the department store group for more than £450m.
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NewsBreakfast briefing: Retail news on Boohoo.com, Pets at Home, House of Fraser and more
Retail news round-up on March 31, 2014: Boohoo.com full year EBITDA soars, Pets at Home launches dog friendly store, House of Fraser in sales talks with Chinese conglomerate and more.
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NewsBoohoo.com full year EBITDA soars 200% hitting market expectations
Newly floated etailer Boohoo.com has reported that adjusted EBITDA soared over 200% in its year to February 28 in line with market forecasts.
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NewsPets at Home founder reveals his children created brand
Pets at Home founder Anthony Preston (centre) celebrated at the London Stock Exchange as the company he created 23 years ago successfully floated.
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NewsB&M Bargains acquires German discount chain in first move outside UK
B&M Bargains is to acquire a majority stake in German discount retailer JA Woll Handels in its first move outside of the UK.
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NewsConsumer confidence hits highest level since the recession
The GfK consumer confidence index in March grew to its highest level since August 2007, the start of the economic downturn.
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NewsBreakfast briefing: Retail news on Forever 21, Ikea, Walmart and inflation
Retail news round-up on March 28, 2014: Forever 21’s Irish store makes loss, Ikea Ireland posts record profits, Walmart sues Visa and shoppers expectations on inflation falls to four-year low
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NewsRetail sales rebound in February with volumes up 3.7%
Retail sales in February have excelled forecasts with a 3.7% increase in volumes on the same period last year and a 1.7% rise since January.
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NewsSignet UK profits rise 6% after stellar fourth quarter
H Samuel owner jewellery group Signet posted a 6% jump in full-year operating profit to $42.4m (£25.5m) in the UK after a strong fourth quarter.
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NewsLaura Ashley full year profits rise 2% as sales recover in second half
Laura Ashley full year profits edged up 2% to £20.5m as its like-for-like sales recovered after a “challenging” first half.
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NewsAlliance Boots and Walgreens first half 'synergies' exceed expectations
Alliance Boots’ tie-up with Walgreens created savings above expectations of $236m (£143m) in the six months to February 28, 2014.
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NewsCarpetright warns on profits as it hires former Dreams boss
Carpetright issued a profits warning as the housing market pick-up failed to boost sales as it hires former Dreams boss Nick Worthington.
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NewsPets at Home appoints former Britvic boss as a non-executive director
Pet specialist retailer Pets at Home has appointed former Britvic chief executive Paul Moody to the board as a non-executive director.
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NewsMoss Bros reports an increase in full-year sales and profits
Men’s formalwear specialist Moss Bros has reported a rise in full-year profits and sales and a strong start to the new financial year.
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NewsPotential partners already lining up for B&Q China, says Cheshire
Kingfisher boss Sir Ian Cheshire has said firms have already expressed interest in partnering with the group’s B&Q China business.