Latest finance news – Page 505
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NewsKesa manoeuvres to keep ‘economic interest’ in Comet
Kesa could keep an economic interest in Comet, the embattled electricals chain it has put up for sale, under a proposal being discussed with private equity firm OpCapita.
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NewsSharp sets out strategy as Debenhams records 10% profit increase
New Debenhams chief executive Michael Sharp has revealed his growth strategy for the department store, as he revealed full year pre-tax profit jumped 10% to £166.1m..
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NewsSports Direct profits jump 13.3% as sales grow
Sports Direct retail gross profit advanced 13.3% to £119m as sales thrive.
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NewsArgos continues to drag down Home Retail as profits slump
Argos has continued to drag down the performance of its parent Home Retail in the first half, as group pre-tax profit slumped 70% to £28m.
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NewsInflation reaches record levels sparking fears of business rates hike
Consumer Price Index (CPI) inflation jumped to 5.2% in September from 4.5% in August, while the Retail Price Index (RPI) measure of inflation has risen to its highest level in 20 years, at 5.6%.
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NewsUK sales growth slows at Asos
Online fashion specialist Asos has posted a sharp slowdown in UK sales but overseas revenues continue to soar.
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NewsRising costs and promos take blame for dip in Clarks’ profits
Footwear retailer Clarks has blamed a poor performance in the UK for a steep fall in group profits in the first half to July 31.
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NewsMothercare suffers but retail improves
While retailers rose over the week, Mothercare’s shares went in the opposite direction as desperate trading in the UK claimed the scalp of chief executive Ben Gordon on Tuesday.
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NewsFigleaves in profit but N Brown warns confidence is waning
N Brown’s etail lingerie business Figleaves has made a half-year profit for the first time in its history, but the home shopping fashion group faces an uphill battle until the end of the year as consumer confidence deteriorates.
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NewsRecord travel performance helps WH Smith to higher profits
WH Smith’s profits rose 4% in the year to 31 August, helped by record profits from its travel division.
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NewsWickes Q3 like-for-likes down 2% as big ticket items suffer
DIY retailer Wickes like-for-likes slipped 0.5% in the 39 weeks to October 1, but worsened in the most recent 13 week period, falling 2%.
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NewsBurberry sales soar 30% in first half
Luxury fashion brand Burberry saw total revenue surge 30% to £830m in the six months to September 30.
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NewsMothercare chief executive Ben Gordon to exit
Mothercare chief executive Ben Gordon is to leave the struggling retailer by mutual consent with its board.
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NewsConsumers experiencing crisis of confidence, top retailers say
Leading retailers feel the squeeze as shoppers tighten their belts further and consumer confidence plummets, and fear no immediate improvement on the horizon.
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NewsBig grocers avoid worst of price falls
Store stocks were down across the board over the week but food and general merchandisers’ declines were limited versus the wider market, although that was ahead of a Mothercare profit warning.
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NewsOfficers Club set to help Blue Inc to sixth year of record growth
Fashion specialist Blue Inc expects a sixth year of record growth in 2011, despite punishing trading conditions.
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NewsWe’re getting back on track, insists Clarke
As Tesco reports dip in like-for-likes, ‘confident’ Sainsbury’s goes on attack.
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NewsRetail sales fall at Halfords
A second quarter like-for-like sales fall at car parts and bikes specialist Halfords’ retail division was counterbalanced by a strong showing from the Autocentres service business.
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NewsMothercare warns on profits as UK like-for-likes plummet
Maternity retailer Mothercare has issued a profits warning as consumer confidence continues to deteriorate following the riots in England.
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NewsThorntons reports first-quarter sales fall
Chocolatier Thorntons has posted a first-quarter sales fall at all its main divisions but directors are confident in a strong Christmas product line-up.