Latest finance news – Page 448
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NewsOcado slips into the red in the first half as it posts £3.8m loss
Online grocer Ocado made a pre-tax loss of £3.8m in its first half, compared with a £200,000 profit in the same period last year.
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NewsFormer Tesco boss Lord MacLaurin 'saddened' by Leahy's Tesco legacy
Former Tesco chairman and chief executive Lord MacLaurin has urged Tesco’s board to back chief executive Philip Clarke after saying he was “saddened” by Sir Terry Leahy’s legacy.
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NewsMajor retailers line up to give evidence to the retail inquiry
Alliance Boots, Tesco and Marks & Spencer are among a wave of big name retailers set to criticise the business rates system when they give evidence to the retail inquiry next week.
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NewsModelZone collapses into administration as it appoints Deloitte
ModelZone has fallen into administration, officially appointing Deloitte and putting 47 stores and 400 jobs at risk.
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NewsSports Direct rescues camping brand Gelert from administration
Sportswear giant Sports Direct, founded by Mike Ashley, has bought outdoor brand Gelert out of administration, saving 100 jobs.
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NewsCarphone Warehouse profits rise as like-for-likes jump 4.6%
Carphone Warehouse recorded a 4.6% rise in group like-for-like sales for the year to March 31 as EBIT edged up £2m to £137m.
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NewsAdministration looms for Internaçionale and ModelZone
Fashion retailer Internaçionale has filed an intention to appoint an administrator. Specialist retailer ModelZone is also poised to do the same as rent day hits under-pressure retailers.
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NewsDwell hits the buffers as Duff & Phelps appointed
Struggling furniture retailer Dwell has appointed Duff & Phelps after collapsing into administration just days after closing its 23 stores.
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NewsSainsbury’s boss expects consumers to force change in tax system
Sainsbury’s chief executive Justin King has said that consumers will bring about change in the corporation tax system quicker than governments.
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NewsCarpetright's full-year pre-tax profit jumps as UK like-for-likes improve
Increased like-for-like sales across Carpetright’s UK business drove a jump in pre-tax profit from £4m to £9.7m in its full year.
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NewsPotential sale could value TM Lewin at £100m
Shirt specialist TM Lewin could be put up for sale with a price-tag of as much as £100m.
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NewsTesco faces remuneration row over excessive payoffs at its AGM
Tesco shareholders have been urged to reject the grocer’s remuneration report at Friday’s AGM because of concern about excessive payoffs.
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NewsFormer Comet owner could profit from retailer's tax losses
Hailey Acquisitions, the former owner of electricals group Comet, hopes to buy back the bust retailer’s tax losses, it has emerged.
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NewsPret a Manger owner eyes Hotel Chocolat stake
Bridgepoint Development Capital, the private equity owner of café chain Pret a Manger, is eyeing an investment in chocolatier Hotel Chocolat.
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NewsAnalysis: Shop Direct – from mail-order shopping to online retail
Shop Direct has travelled a bumpy road to become a significant ecommerce business
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NewsDixons reveals it is a 'winner' in its full-year results
Dixons chief executive Sebastian James says the brand is becoming “a winner” after returning to growth in its full-year figures.
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NewsMary Portas demands a meeting with Cameron over ‘tepid’ high street response
Retail expert Mary Portas has demanded a meeting with Prime Minister David Cameron to challenge him on his commitment to saving the UK’s high streets.
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NewsDFS profit up 8.5% to £48.3m in first nine months of year
Furniture retailer DFS has reported EBITDA growth of 8.5% to £48.3m in the nine months to April 27, after opening eight stores this year.
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NewsThe Hut acquires the brand of premium fashion indie Coggles
Online retailer The Hut Group has acquired the online assets of premium fashion independent Coggles, which collapsed into administration in May, for an undisclosed sum.
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NewsHouse of Fraser like-for-likes up 4.8% driven by online sales surge
House of Fraser’s surging online sales drove a like-for-like increase across the business of 4.8% in the first quarter, according to figures leaked to Retail Week.