Latest finance news – Page 554
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NewsRohan revamps format as it eyes store growth
Outdoor clothing retailer Rohan is ramping up its growth plans and launching a revamped format as it aims to expand its customer base.
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NewsTough times ahead for Ocado, warns broker
It was kerching! for Ocado’s founders as the etailer pulled off its IPO in the face of widespread City scepticism, although the flotation price did not meet original ambitions.
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NewsSports Direct makes strides despite England’s early World Cup exit
Sports Direct lost out on sales and potential profits after being left with excess stock following England’s early exit from the World Cup.
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NewsKingfisher focus on profits over sales welcomed
Kingfisher’s focus on profits over sales growth has been welcomed by analysts following a sales dip.
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NewsTesco ‘set to outperform’ as short-term concerns fade
Tesco shares are poised to outperform over the next year despite underperformance in the year to date, according to broker Bernstein.
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NewsAcquisition helps Halfords tick over
Motor accessories and cycles group Halfords posted a 9.6% group sales rise in its first quarter, reflecting its acquisition of Nationwide Autocentres.
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NewsAurora on song in first year since restructure
Aurora Fashions, the group that operates womenswear chains Oasis, Coast, Karen Millen and Warehouse, has said it has achieved strong single-digit like-for-like growth in the first half of its current financial year across all four brands.
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NewsAmazon bets on Christmas winners
Amazon is betting on games hardware Microsoft Kinect and Sony Move to be its biggest sellers this Christmas as the etail giant revealed global sales rose 41% in its second quarter to $6.57bn (£4.34bn).
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NewsOcado arranges meeting for unconnected analysts
Ocado is to host a meeting for leading unconnected analysts next week, after facing a barrage of criticism in the run up to its float.
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NewsTough start to the year for Wickes
Builders merchant Travis Perkins’ has reported a tough start to the year at its retail division, including DIY chain Wickes, but the business has gained market share.
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News‘Excellent’ start for Best Buy’s UK big boxes, Carphone Warehouse reports
Best Buy’s first UK big-box stores have had an “excellent” response from shoppers, joint-venture partner Carphone Warehouse reported.
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NewsHalfords revenues up in first quarter but like-for-like sales fall
Car and cycle accessories retailer Halfords has reported that first quarter group sales grew 9.6% in the 13 weeks to July 2.
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NewsAurora posts first operating profit of £23m
Aurora, the fashion group that owns chain including Oasis, Coast and Karen Millen, has posted operating profit of £22.6m in the 11 months since it was launched from the wreckage of the Icelandic financial meltdown.
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NewsGrowth slows but BrightHouse still going strong
BrightHouse has had another strong year of growth as the retailer benefits from low income families seeking alternative credit lines.
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NewsCity forces Ocado to slash IPO share price
The City kept up pressure on Ocado as it prepared for Wednesday’s float and, at the last moment, forced the online grocer to slash its asking price.
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NewsDebenhams refinances £650m of debt early
Debenhams has completed a £650m refinancing ahead of schedule.
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NewsRefreshed Robert Dyas surges back into black
Broadened appeal, focus on own-brand and tighter cost control lifts hardware retailer
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NewsOcado vows to engage with City after criticism over float
Disappointing start to life as a public company for online grocer as shares fall on day of float
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NewsJoules eyes major city centres as profits soar
Lifestyle retailer Joules is targeting major city centre locations for store openings for the first time, after reporting net profit soared 200% to £3.6m in the year to May 1.
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NewsFindel instigates review after losses reach £76.1m
Findel has instigated a full review of its business after losses widened for the group in what it described as a “challenging year”.