Latest finance news – Page 437
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NewsPressure mounts on Chancellor George Osborne to tackle business rates
Chancellor George Osborne faces pressure to tackle business rates in his Autumn Statement next month, as Labour plans to freeze business rates for small retailers if it comes into power.
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NewsBreakfast briefing: Retail news on Marks & Spencer, business rates and supermarkets
Retail news round-up November 18, 2013: M&S unveils its Christmas food ad, Chancellor George Osborne under pressure to tackle business rates and Which? finds supermarkets have been misleading shoppers with promotions.
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NewsBond Street retailers to save £66m in business rates
Luxury retailers on London’s Bond Street will save a total of £66m on their business rates bills as a result of the Government’s decision to postpone the revaluation for two years to 2017, it has emerged.
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NewsJessops to make profit in first year under new owner Peter Jones
Jessops owner Peter Jones has revealed the camera retailer will generate sales of more than £70m and will make a profit in the first year under his ownership.
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NewsBathroom etailer Victoria Plumb eyes £150m sale
Online bathroom retailer Victoria Plumb has appointed KPMG to line up a sale, according to reports.
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NewsMajestic Wine first half profits sparkle
Majestic Wine pre-tax profit rose 4.2% to £9.5m in its half to September 30.
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NewsJD snaps up etailer ActivInstinct as it expands outdoor division
JD Sports Fashion has taken a majority stake in outdoor and technical sporting clothing etailer ActivInstinct.
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NewsBonmarché to list on AIM stock exchange on Wednesday
Bonmarché is set to list on the AIM stock market on Wednesday, as it revealed its IPO plans have been successful.
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NewsBurberry unveils record first-half sales of £1bn
Burberry’s first-half sales have broken the £1bn mark for the first time despite the brand reporting flat profits.
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NewsTed Baker sales rise as autumn range proves a hit
Ted Baker has revealed a 24% increase in group sales to £77.1m in the 13 weeks to November 9 after an “encouraging” reception to its autumn/winter range.
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NewsCarphone Warehouse reveals first-half sales and profits rise
Carphone Warehouse has posted a rise in sales and profits as the mobile phone specialist increased its market share.
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NewsWHSmith likes-for-likes fall across high street and travel stores
WHSmith has reported a fall in first-quarter like-for-like sales across its high street and travel divisions.
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NewsBreakfast briefing: Retail news on Asda, Ikea and Bonmarché
Retail news round-up November 14, 2013: Asda signs distribution deal; Bonmarché to float next week and Ikea installs rapid electric vehicle chargers.
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NewsBonmarché to float next week as retail IPOs gather pace
Bonmarché is poised to list on the AIM stock exchange next week as a flurry of retailers seek to take advantage of the City’s growing appetite for offerings from the sector.
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NewsJD Sports Fashion takes controlling stake in outdoor retailer Tiso
JD Sports Fashion has bolstered its outdoor division by taking a controlling stake in Tiso Group, which has 10 stores in Scotland.
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NewsSainsbury's half-year profits up 7% with own brand driving growth
Sainsbury’s has reported underlying pre-tax profit up 7% to £400m for the 28 weeks to September 28, and total sales up 4.4% to £13.9bn.
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NewsHigh streets minister urges local authorities to improve commercial focus
High streets minister Brandon Lewis has called for local authorities to think more commercially and invest in their town centres.
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NewsPets at Home hires investment bankers as it plots float
Pets at Home is the latest retailer gearing up to float on the stock market after it hired investment banks to lead a £1.5bn listing.
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NewsDirect Wines sells etail business Virgin Wines
Virgin Wines, the online wine retailer, has been bought out by its management team in a £14m deal backed by Mobeus Equity Partners and Connection Capital.
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NewsInflation eases to lowest rate in more than a year
Inflation eased to 2.2% in October, falling from 2.7% in September as prices eased across fuel and education fees.