Latest finance news – Page 48
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NewsAsda most expensive supermarket for fuel, says RAC
Asda is the most expensive UK supermarket for fuel, according to new research.
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NewsAuthentic snaps up iconic sportswear brand
Authentic Brands Group, which owns Reebok, Hunter and the collapsed Ted Baker, has added another iconic brand to its portfolio.
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NewsZara owner Inditex sales rise in ‘robust’ quarterly performance
Inditex, which owns the likes of Zara, Stradivarius and Bershka, has reported a rise in quarterly sales and profits as its spring/summer ranges continue to be “very well received”.
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NewsB&M boss hails ‘good year’ and raises store openings target
Value retailer B&M Bargains has hailed the success of its store opening programme and upped its long-term store target number as profits and sales for the full year soared.
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NewsWHSmith ‘well positioned’ for summer as travel business booms
WHSmith has maintained its guidance and said it is “well positioned” ahead of the peak summer trading period as it continues to take steps towards being a “one-stop shop” for travel essentials.
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NewsBath & Body Works posts ‘better than expected’ results
US-based retailer Bath & Body Works has “narrowed” its guidance for the full year as it recorded “better than expected” results.
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NewsSportswear retailer founded by ex-footballer posts ‘strong’ year of growth
A sportswear retailer founded by a retired British footballer has reported a ”strong” year of growth as it continues its expansion strategy.
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NewsFrasers drafts in former City regulator boss
Frasers Group has named the former boss of the Financial Reporting Council as its newest non-executive director.
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NewsBoots billionaire’s holding plummets by $2bn
The tycoon behind Walgreens Boots Alliance has seen more than $2bn wiped from his fortune.
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NewsShein to submit prospectus for London float
Shein has taken a step towards embarking on its much-anticipated float on the London Stock Exchange, which is expected to value the fast-fashion giant at around £50bn.
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NewsKlarna hails US expansion as revenues rise
Klarna has reported an increase in revenues and profits as its US expansion continues to supercharge growth for the payments provider.
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NewsFrasers Group tops up Hugo Boss stake
Mike Ashley’s retail empire Frasers Group has increased its stake in the luxury fashion brand Hugo Boss.
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News‘Dirty’ trainer brand plots biggest IPO of the year
An Italian luxury retailer famous for its ‘dirty’ trainers is plotting a float on the country’s stock market, which would be its biggest listing in at least a year.
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NewsJD Sports given boost by trainer sales and in-store shopping
JD Sports has maintained its profit guidance in a “volatile” market as in-store sales climb.
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NewsBoots reports surge in profits driven by beauty sales
Boots has reported a surge in profits as beauty sales and footfall across stores increased in the year ending August 31, 2023.
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NewsAbercrombie & Fitch ups guidance after ‘outstanding’ quarter
Abercrombie & Fitch has reported a surge in profits and sales during its first quarter and upped its guidance for the full year off the back of this success.
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NewsTed Baker head office jobs hang in the balance as Frasers deal looms
Head office staff at collapsed fashion retailer Ted Baker have been left in limbo as a potential takeover from retail giant Frasers Group looms.
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NewsDr Martens profits and revenues fall as it enters ‘year of transition’
Dr Martens says the upcoming financial year will be a “year of transition for the business”.
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NewsRecipe-in-a-box brand Gousto back in the black
Recipe box brand Gousto has returned to underlying profitability and even beaten previous guidance, despite the cost-of-living crisis.
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NewsMarks & Spencer names new chief financial officer
Marks & Spencer has appointed a new chief financial officer whose experience includes transformation