Latest finance news – Page 523
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NewsBest Buy Europe to sell off Belgian Phone House
Best Buy Europe, the joint venture between Carphone Warehouse and US electricals group Best Buy, is to sell its Belgian retail business.
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NewsDunelm’s growth prospects impress
Value homewares group Dunelm posted a better than expected third quarter, when sales rose 9.4% to £139m.
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NewsTesco stays on target but UK disappoints
Tesco’s first set of prelims under new boss Phil Clarke came in much as expected, although there were some City worries at the UK performance and scale of US losses.
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NewsIdeal Shopping to be sold in £78m deal
Home shopping group Ideal Shopping Direct is set to be sold to private equity firm Inflexion and its management in a £78.3m deal.
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NewsBurberry expects profits at top end of expectations after strong Q4
Burberry expects its adjusted pre-tax profit to be at the top end of market expectations as the retailer reported a 33% surge in sales for the fourth quarter to March 31.
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NewsTesco reports £3.7bn profits, but UK can "do better"
Tesco has reported trading profit up 7.8% to £3.7bn with strong growth in Asia, but the grocer said it needs to “do better” in the UK.
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NewsPressure to sell Waterstone's mounts as HMV's value plummets
Pressure is mounting for HMV to hasten the sale of Waterstone’s as the value of the entire group fell below its asking price for the book chain.
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NewsFeelunique.com sales and profits rise
Online beauty retailer Feelunique.com has reported a rise in sales and profits for the year to the end of March 2011.
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NewsBest Buy Europe sells Belgian business
Best Buy Europe, the joint venture between Carphone Warehouse and US electrical group Best Buy, is to sell its Belgian retail business.
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NewsRetail stocks robust after bleak BRC news
The worst monthly retail sales drop in 16 years was the industry’s big talking point but store stocks were up in the week concluded by the dire BRC trading data.
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NewsSignet shares up after strong results
Investec has increased its target share price for jeweller Signet after it delivered preliminary results at the upper end of expectations.
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NewsCarpetright forced to issue a second profit warning
Floor coverings giant Carpetright issued another profit warning last week as tough trading conditions continued.
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NewsHalfords blames weather for weak sales
Motor parts and bikes retailer Halfords remains optimistic about the outlook for the year despite a slump in car-related sales.
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NewsAsos eyes new markets as international sales beat UK
Asos’s overseas sales overtook UK revenues for the first time in the fourth quarter and the online fashion giant is now considering where else to launch country-specific sites.
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NewsScS defies big-ticket gloom with return to profit after sales climb
Sofas retailer ScS has bounced back into the black after focusing on widening its appeal, improving customer service and tight control of costs.
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News
LoveHoney.com acquires BeCheeky.com
Sex toy and lingerie etailer LoveHoney.com is gunning for a more mainstream audience after acquiring liquidated underwear etailer BeCheeky.com.
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NewsMatalan details refinancing and hires new boss
Value chain Matalan has told bondholders that it would refinance the business, at a meeting where it also signalled its intent to appoint former Asda executive Darren Blackhurst as chief executive.
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NewsAnalyst warns HMV faces profit wipeout
Embattled entertainment retailer HMV may not make a profit in its next financial year, according to Arden Partners analyst Nick Bubb.
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NewsNext boss Wolfson takes home £1m bonus
Next boss Lord Wolfson has received a £1m bonus for last year’s performance.
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NewsDixons to close PC City business in Spain
Electricals giant Dixons is to shut its Spanish business.