Latest finance news – Page 450
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NewsFindel pre-tax profit surges 45% as it drives through its turnaround strategy
Pre-tax profit at Findel jumped 44.9% to £15.5m as the home shopping group’s turnaround progresses.
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NewsTesco UK like-for-likes fall as general merchandise hinders performance
Tesco UK like-for-likes excluding VAT and petrol fell 1% in its first quarter as its general merchandise arm pulled down performance.
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NewsHome Retail boss Terry Duddy's reward package rises
Home Retail Group, owner of Argos and Homebase, has disclosed a 40% increase in chief executive Terry Duddy’s rewards package last year.
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NewsCard Factory plots 1,200 stores as it eyes float, sale or refinancing
Card Factory is aiming to nearly double its stores count as its owner eyes a potential float, sale or refinancing of the budget greetings card retailer.
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NewsAnalysis: How Alistair McGeorge revived New Look's fortunes
Just over two years ago Alistair McGeorge took charge of a battered and bruised New Look.
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NewsBusiness rates review urged following Hackett's controversial bill
Experts have urged Government to review the business rates system after accusing the system of favouring prestigious London stores including Hackett and shunning declining high streets.
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NewsFurniture etailer WorldStores raises £10m to fund growth
Online furniture specialist WorldStores has raised £10m to support the rapid growth of the business from private equity firms.
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NewsCard Factory considers IPO as owner hires Goldman Sachs
Budget greetings cards retailer Card Factory is planning a £700m stock market flotation.
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NewsSun European pays £23m to creditors after Dreams collapse
Beds retailer Dreams’ new private equity owner Sun European Partners has paid suppliers and trade creditors £23m to clear some of the debt owed when it collapsed into administration.
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NewsBusiness rates drive tax burden increase for retailers
Retailers are struggling under the weight of a tax bill that has rocketed by 65% since 2005 amid rising business rates, corporation tax and property taxes.
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NewsGoldsmiths-owner Aurum full year profits jump 7% to £12.9m
Jewellery group Aurum, owner of Goldsmiths, Mappin & Webb and Watches of Switzerland, full year pre-tax profits jumped 7% to £12.9m.
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NewsJD Sports to step up overseas expansion with Dutch debut
JD Sports is to step up its international expansion with the opening of 10 stores in the Netherlands over the next five months.
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NewsKingfisher boss Cheshire insists Brits' love affair with DIY not over
Kingfisher chief executive Ian Cheshire has insisted Brits have not fallen out of love with DIY after reporting a first quarter 4.2% like-for-like decline across the group.
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NewsKingfisher posts first-quarter profit fall as poor weather hits footfall
B&Q owner Kingfisher has recorded a 4.2% slump in first-quarter group like-for-likes and a decline in profits as poor weather hit footfall.
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NewsGovernment shuns £10m computer which could transform business rates revaluations
A £10m computer which could prevent retailers from paying unfairly high business rates bills is sitting idle due to Government budget cuts.
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NewsSports Direct acquires stakes in Austrian and Baltic sports retailers
Sports Direct has acquired majority stakes in two European sporting goods retailers based in Austria and the Baltics.
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NewsTopps Tiles cautious on outlook as profits tumble 16%
Topps Tiles’ adjusted pre-tax profit tumbled 16% to £4.7m in the 26 weeks to March 31 and the retailer remains cautious on the outlook.
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NewsHotel Chocolat in talks with private equity firms to sell minority stake
Hotel Chocolat is in talks with private equity groups about a possible stake sale that values the confectioner at more than £100m.
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NewsAnalysis: Home shopping group N Brown gears up for change
Departing chief executive Alan White will hand over a transformed business to his successor.
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NewsBrandAlley eyes overseas launch as it edges closer to profit
BrandAlley, which runs limited period Sales for brands, will begin shipping overseas when it moves to a new web platform in August.