Latest finance news – Page 536
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NewsMarks & Spencer posts 2.8% Christmas like-for-like sales rise
Retail bellwether Marks & Spencer generated UK like-for-like growth of 2.8% and market share gains over the Christmas period, despite arctic weather conditions.
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NewsKingfisher launches tender offer for £100m of notes
International DIY group Kingfisher is to cut debt and improve its return on cash by purchasing up to £100m of loan notes from holders.
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NewsHouse of Fraser enjoys record Christmas
House of Fraser has posted a record Christmas with like-for-like sales increasing 8.5% in the five weeks to January 8, despite last month’s snow.
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NewsDebenhams like-for-likes slow, market share up
Debenhams has revealed that like-for-like sales at the department store chain were impacted by the snow in December but added that it had notched up market share gains across the board.
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NewsShop Direct Christmas sales up 5%
Online giant Shop Direct notched up a 5% increase in total sales, excluding VAT, for the six weeks to December 31.
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NewsPawnbroker H&T lifts profit guidance
Pawnbroker H&T expects to beat City profit forecasts for the year just ended as a result of the rising price of gold and record lending to customers.
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NewsJD Sports' profits to beat expectations after strong Christmas
Fashion group JD Sports will make higher full-year profits than expected after Christmas trading beat expectations.
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NewsStore chiefs warn interest rate hike would rock retail
Keeping interest rates low is vital for the retail industry this year, says Next boss
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NewsA tough start to the year for retail shares
General retail stocks began the year in deep freeze as the reporting season got under way.
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NewsWeather forces Alexon profit warning
Womenswear group Alexon issued a profit warning before Christmas after its three peak weeks were wiped out by icy weather.
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NewsTesco acquires 128 Czech Republic stores for £35m
Tesco has strengthened its central European operations with the acquisition of 128 convenience stores in the Czech Republic for CZK1.02bn koruna (£35.1m).
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NewsBlacks sale decision likely after strong Christmas
A decision on the potential sale of Blacks Leisure is likely to be made within weeks after the outdoor specialist beat the big freeze to post a strong seasonal performance.
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NewsBrokers tip share price stars as 2011 set to be a tough one
Kingfisher, Marks & Spencer, Dixons Retail and Dunelm are among brokers’ retail stock picks for 2011.
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NewsLosses fall at Jysk as turnover soars 20%
Danish furniture retailer Jysk has increased sales in a difficult market while shaving a third off its losses.
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NewsFurniture Sales benefit from VAT rise
Furniture retailers have experienced a good start to their Boxing Day Sales despite the snow putting off customers initially.
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NewsRyman sales and profits rise despite ‘tough year’
Stationery specialist Ryman generated sales and profits growth last year but cautioned 2011 will be challenging.
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NewsTheo Fennell issues profit warning
Jeweller Theo Fennell has become the latest retailer to issue a profits warning as snow hit its Christmas sales.
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NewsGap like-for-likes dip over Christmas
Gap international like-for-likes, which includes the UK, were down 4% in the key Christmas trading period in the five weeks to January 1.
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NewsBestseller increases its stake in Asos
Danish fashion group and investor Bestseller has increased its stake in fashion etailer Asos.
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NewsSnow hits Next's Christmas sales but profits will meet expectations
Fashion retailer Next revealed it lost £22m in full-price sales because of snow in the run-up to Christmas but it remains on track to increase profits by between 7% and 10% this year.