Latest finance news – Page 518
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NewsMorrisons saves up promotions for shoppers’ payday blowout
Morrisons has shaken up its promotional activity to tie in with the new shopper habits emerging in the tough economic climate.
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NewsHobbyCraft ups sales with sharper pricing
HobbyCraft’s new chief executive Catriona Marshall has turned around a sales decline at the arts and crafts retailer by realigning its pricing stance.
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NewsMy-Wardrobe recruits tech boss as sales soar
Premium fashion site My-Wardrobe has appointed Romain Eude to the newly created role of chief technology officer as it looks to grow overseas sales.
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NewsLosses widen at Kookaï as sales plummet
Fashion chain Kookaï has reported pre-tax losses edged up and sales fell 30% in the year to August 28.
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NewsAurum gears up to select preferred bidder in its £200m sale process
Jewellery group Aurum, which owns chains including Goldsmiths and Mappin & Webb, is expected to pick a preferred bidder for its 165-store business by mid-summer.
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NewsElectricals market hit by World Cup comps
A year ago electricals retailers and department stores were riding the crest of the World Cup wave but now store groups that benefited then are coming up against tough comparatives.
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NewsCarpetright UK MD stands down amid board reshuffle
Floorings giant Carpetright has restructured its board, appointing Andrew Corden to the board as operations director for Europe as Christian Sollesse, managing director of UK & Ireland, steps down.
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NewsHome Retail chief executive Duddy's bonus halved
Terry Duddy, chief executive of Home Retail, Argos’s parent company, had his bonus slashed last year.
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NewsWeather helps Kingfisher to strong first quarter
DIY giant Kingfisher has recorded a strong first quarter, helped by good weather, the late Easter and the run of Bank Holidays in the UK.
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NewsSignet insists it will keep investing in UK
Signet chief executive Mike Barnes insists the jewellery giant will continue to invest in the UK, despite reports it is mulling a sale of the UK business, which includes H Samuel and Ernest Jones.
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NewsThe Hut acquires Myprotein.com for £58m ahead of likely IPO
Online retailer The Hut, which is considering an IPO later this year, has acquired sports nutrition etailer Myprotein.com in a deal understood to be worth about £58m.
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NewsHouse of Fraser closes £250m bond issue
Department store group house of Fraser closed a £250m bond issue yesterday.
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NewsTopps Tiles profits and sales flat
Topps Tiles has reported adjusted pre-tax profit edged down from £7.8m to £7.2m in its interim report for the 26 weeks to April 2.
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NewsDixons agrees £59m sale and leaseback deal
Electricals group Dixons, owner of chains including Currys and PC World, has agreed a £59m sale and leaseback of its Nordic distribution centre.
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NewsDebenhams shares jump on talk of bid from Poon
Shares in Debenhams rose on speculation of a bid from Hong Kong-based Dickson Poon, the owner of Harvey Nichols.
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NewsNew Holland & Barrett store highlights beauty
Holland & Barrett has opened its first dedicated natural beauty floor to attract younger customers.
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NewsFlat market masks big risers and fallers
Retailers generally, like the market, were flat over the week, but that masked some big share price advances and falls.
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NewsHalfords Autocentres potential impresses
Halfords’ Autocentres business is expected to offer “attractive medium-term earnings benefit” to the car parts and bikes retailer, said analysts that attended an investor trip last week.
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NewsRetail valuations stay solid as confidence rises
Retail valuations remain attractive after consumer confidence showed another improvement in April despite the tough climate, broker Espirito Santo maintained.
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NewsMoss Bros on the rise as it simplifies
Menswear specialist Moss Bros posted a surge in total sales from continuing operations of 12.9% in the 15 weeks to May 14.