Latest finance news – Page 496
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NewsAurum to revamp ‘jewel in crown’ as suitors circle
Plans drawn up for ‘fresh and dynamic’ Mappin & Webb following strong year.
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NewsIdeal Shopping snaps up etailer CreateToday
Ideal Shopping Direct has snapped up crafting etailer CreateToday.
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NewsA-Wear bought out of receivership
Irish fashion retailer A-Wear has been bought by investment group Jesta after it was placed into receivership by Hilco.
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NewsTesco reveals details of fresh food focus
Tesco has told investors it is to put an emphasis on fresh food and cut back on aggressive space expansion.
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NewsKingfisher management reshuffle as B&Q like-for-likes dip
Kingfisher has reshuffled its management team as B&Q like-for-likes dipped 2.5% in its fourth quarter.
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NewsWalker poised to secure control of Iceland
Iceland boss Malcolm Walker looks certain to retain control of the frozen food chain he founded after striking an agreement late last night with Icelandic stakeholders to enter exclusive deal negotiations.
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NewsThorntons to revamp stores after poor trading hits its performance
Thorntons is to spend up to £6m into refitting 75 stores over the next three years to improve performance after profits plummeted.
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NewsAsda records strong Christmas performance
Asda has recorded a surge in market share and value growth over Christmas, according to figures released by Nielsen.
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NewsAurora to sell stake in premium Bastyan brand
Fashion group Aurora is to sell its stake in Bastyan as the womenswear label looks to wholesale for growth.
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NewsThorntons to close more stores after profits hit
Thorntons pre-tax profits plummeted as poor trading and strong competition hit performance.
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NewsSports Direct strong Q3 ahead of expectations
Sports Direct retail sales grew 10.2% to £408.6m in the 13 weeks to January 22 as the retailer outperformed management expectations.
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NewsThe Body Shop records 'solid' growth
The Body Shop enjoyed a 4.2% increase in like-for-like sales growth in 2011 following a “militant” approach to innovation.
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NewsConcern for Peacocks grows as one bidder remains
Concern is growing for up to 9,000 Peacocks jobs as only one bidder remains in the race to buy the collapsed value retailer.
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NewsCarpetright shares rise on privatisation speculation
Carpetright shares have shot up following reports that founder Lord Harris is planning to take the retailer private.
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NewsStore stocks rise as retailers refocus
Store stocks were on the up over the week as food and general merchandisers rose with the market, although the former still lagged the All Share index while the latter outperformed.
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NewsEvans Cycles invests as pre-tax profits slip
Evans Cycles’ full-year revenue rose but its pre-tax profits took a hit as the bikes specialist continued to invest in its website and stores.
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NewsShoon plunges into administration
Family owned footwear retailer Shoon has collapsed into administration after the company was unable to sell loss making shops.
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NewsPoundstretcher pounces to snap up 18 Ugo stores
UPDATED: Value retailer Poundstretcher has confirmed it has bought fledgling discount grocer Ugo, as revealed by Retail-Week.com this morning
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NewsSuperGroup blames slow January on discounting
Retailer dismisses price-cutting and considers China for long-term growth
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NewsDunelm reports strong H1 as it appoints Matt Davies to the board
Value homewares Dunelm has notched up a strong half year performance as it appoints outgoing Pets at Home boss Matt Davies as a non exec director.