Latest finance news – Page 468
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News
Migros Ticaret reports sales increase
Grocer Migros Ticaret has reported sales of TRL1.83bn (£639m) for the three-month period ending September 30, a 13.1% increase on the same period last year. Gross profit rose by 15.2% to TRL468m (£163m).Sales benefited from store openings, as well as a focus on the private label category and fresh products.
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News
Spar unveils group turnover increase
Grocery retailer Spar has unveiled a 12.2% increase in group turnover to ZAR43.2bn (£3.1bn) and a 7.5% rise in trading profit to ZAR1.5bn (£107m), for its financial year ended September 30.Sales growth was helped by internal inflation of 6.1%.
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NewsArcadia pays more corporation tax under Green's ownership
Arcadia has paid £591m in corporation tax in the last 10 years, owner Sir Philip Green said as he unveiled a rise in profits.
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NewsTopshop Oxford Street sales to hit £165m this year
Sales at Topshop’s flagship Oxford Street store are expected to hit £165m this year, its 10th under the ownership of Sir Philip Green.
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News
Electricals retailer Darty reports fall in revenue
Electricals retailer Darty, formerly Kesa, reported a 2.2% fall in revenue for the six months to October 31.The drop reflected a poor performance in the retailer’s domestic market, where sales slipped 3.9%, and its developing division (Spain, Italy and Turkey), where sales fell 2.6%.Like-for-likes showed a similar pattern, falling 1.7%. ...
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News
Ahold reports sales increase
Sales at Ahold rose 10.8% to E7.6bn (£6.11bn) in the third quarter.Operating income was down 3.7% to E289m (£232.3m).The grocer’s net sales in the US rose 1.9% to $5.9bn (£3.71bn).
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NewsHalfords ramps up offer as profits fall 23.4%
Car parts and cycle specialist Halfords is ramping up its product offer and multichannel initiatives, as profits plunged 23.4% to £41.9m for the 26 weeks to September 28.
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NewsArcadia profits rise despite falling sales
Arcadia has posted a £33.8m increase in group pre-tax profits before exceptional items to £166.9m despite a 3.2% fall in UK retail like-for-like sales.
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NewsFrench Connection reports flat like-for-likes
French Connection has reported flat like-for-likes after a step up in performance in the third quarter.
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NewsJD Sports like-for-likes rise 1.5%
JD Sports has reported an increase in like-for-like sales despite a significant drop-off in trade at its fashion division.
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NewsNew Look eyes refinancing as new boss appointment looms
New Look is plotting a further refinancing and aims to appoint a new chief executive before the end of 2012.
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NewsCountrywide secures £26m of funding
Rural products retailer Countrywide has secured £26m to support organic growth, a store refit programme and potential acquisitions.
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NewsAlliance Boots to extend loan facilities
Retail and pharmaceuticals giant Alliance Boots is preparing to extend the maturity dates on existing loan facilities to facilitate its likely full merger with US drugstore powerhouse Walgreens.
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NewsFlying Brands leases its last asset
Flying Brands has agreed a lease on its Retreat Farm property in Jersey, which is its last significant asset.
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NewsOcado to raise £36m and extend debt facilities
Ocado is to raise £35.8m in a placing to fund expansion and extend its debt facilities after speculation mounted it was likely to breach its banking covenants.
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NewsMajestic profit up 3.9% in first half despite wet weather
Wine retailer Majestic delivered a 3.9% jump in pretax profit to £9.2m for the 26 weeks to October 1 despite the tough economic conditions and wet summer weather.
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NewsShop vacancy level highest for more than a year
Total retail footfall in the three months to the end of October fell 0.4% against last year as the town centre vacancy level in October hit 11.3%, the highest figure in more than a year.
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NewsMore job losses at Comet as home delivery axed
Nearly 500 jobs are set to be axed at Comet next week as administrators are poised to terminate the group’s home delivery operation.
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NewsAnalysis: Kurt Geiger focuses on international growth
Growing its international footprint is top of the retailer’s agenda under new owner Jones Group.
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NewsMinisters urged to investigate OpCapita over Comet collapse
Comet staff have urged Ministers to investigate the collapse of the electricals retailer and the role played by former owner OpCapita.