Latest finance news – Page 516
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NewsHobbs secures £46.5m funding to accelerate expansion
Womenswear retailer Hobbs has secured £46.5m funding to accelerate brand development and retail expansion.
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NewsBest Buy rumoured to be mulling Dixons bid
US electrical giant Best Buy is rumoured to be sizing up a bid for UK rival Dixons.
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NewsTesco shareholders urged to cut "excessive" pay
Tesco investors have been urged to vote against the grocer’s remuneration report by shareholder advisory group Pirc.
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NewsSuperGroup seeks to rally investor support
SuperGroup, the young fashion business, met with analysts yesterday to allay investor concerns that its Superdry brand has become overexposed.
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NewsJD Sports acquires Cecil Gee and Spanish sports retailer Sprinter
JD Sports has acquired menswear retailer Cecil Gee and a controlling stake in Spanish sports retailer Sprinter.
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NewsMoss Bros like-for-likes up 13.4% as it disposes of Cecil Gee
Menswear retailer Moss Bros like-for-likes surged 13.4% in the 20 weeks to June 18.
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NewsSuperGroup reports business 'on track' and confirms Regent Street opening
Fashion retailer SuperGroup reported that retail sales have improved in the last three weeks and are running overall at about the same level as in the fourth quarter, when they rose 39%.
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NewsCity speculates on Abercrombie bid for SuperGroup
US retailer Abercrombie & Fitch may be interested in acquiring trendy fashion retailer SuperGroup, City speculators believe.
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NewsCity takes dim view of retailers’ mixed results
General retailers and grocers alike were down as a wide range of stores reported a mixed trading picture.
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NewsMajestic maintains its fizz despite flat market
Majestic chief executive Steve Lewis said it was “very much our time” as the wine specialist reported pre-tax profits up 26.6% to £20.3m in the year to March 28.
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NewsGame shareholders revolt over pay
Shareholders in entertainment specialist Game staged a revolt against the retailer’s remuneration stance at yesterday’s AGM.
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NewsGame sales decline prompts downgrades from analysts
Game group like-for-likes dropped 11.3% in the 19 weeks to June 11 as the retailer was hit by a worse than expected decline in the games market.
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NewsSainsbury's like-for-likes up 1.9%, but warned of tough outlook
Sainsbury’s has reported like-for-like sales in its first quarter excluding petrol up 1.9% in the 12 weeks to June 11, and warned the market remains very competitive reflecting the challenging economic backdrop.
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NewsInflation remains unchanged at 4.5% in May
Inflation remained unchanged at 4.5% in May, according to the Office for National Statistics (ONS).
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NewsTed Baker sales soar ahead of expectations
Premium fashion retailer Ted Baker has beaten analysts’ expectations, posting a 15.2% rise in group revenue for the 19 weeks to June 11.
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NewsReuben brothers take £2m stake in Blue Inc
Billionaire investors the Reuben brothers have taken a holding in fashion retailer Blue Inc, it is understood.
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NewsMajestic Wines profits surge 27%
Majestic Wines group pretax profits surged 26.6% to £20.3m in the 52 weeks to March 28.
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NewsLife & Style sinks into administration
Fashion and homewares retailer Life & Style has fallen into administration, and private equity firm SKG Capital is circling it.
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NewsMatalan EBITDA dips as snow hits Q4 trading
Matalan has reported a 7.4% dip in EBITDA in its full year results, which the value retailer said reflected the impact of the snow in its fourth quarter.
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NewsMarks and Spencer reveals bumper pay-outs for Bolland and Rose
Marks and Spencer chief executive Mark Bolland could receive up to £13.8m for his past year’s performance as former boss Sir Stuart Rose was waved off with a £8.1m pay-out.