Latest finance news – Page 65
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NewsMusic Magpie credits record Black Friday for boosting performance
Music Magpie said a record Black Friday period has helped “offset a softer H1” as it posted its pre-close trading update to November 30, 2023.
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NewsCurrys sales decline but profit guidance holds
Currys reported a decline in group revenue for the six months ending October 31, but made no change to profit guidance as trading remained in line with expectations.
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NewsPotential Boots and Shein IPOs show ‘there is life’ in the City
As the week saw news of both Boots and Shein exploring a public listing in London, analysts told Retail Week that there may still be “life in the old dog yet”.
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NewsLondon Designer Outlet reports record Black Friday
London Designer Outlet (LDO) at Wembley Park has recorded a record Black Friday, exceeding last year’s record sales performance by 8.6%.
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NewsProCook boss expects profit to break even as it plans return to growth
ProCook chief executive Lee Tappenden has said he is “cautiously optimistic” about Christmas trading following a strengthened Black Friday performance.
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NewsProCook shows strong golden quarter trading
ProCook losses have improved, but the retailer is still in the red despite outperforming the market over Black Friday and the early part of Christmas trading.
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NewsInditex profits and sales rocket
Spanish fashion giant Inditex has reported soaring profits and sales and hailed the response of customers to its autumn and winter collections.
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NewsRevolution Beauty reaches legal settlement with co-founder
Revolution Beauty has announced it has reached a £490,000 settlement agreement with co-founder Tom Allsworth.
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NewsPepco posts ‘disappointing profit outturn’ despite record sales
Discount retailer and Poundland parent company Pepco Group has posted a “disappointing profit outturn” after record European store openings and despite a record 17.7% growth in full-year revenue.
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NewsSosandar swings to loss despite growth in revenue
Sosandar reported a loss in the first half of the year despite a growth in revenue as it continues to move towards a multichannel model.
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NewsShein considers potential for UK IPO
Fast-fashion giant Shein is reportedly in talks with the London Stock Exchange about the possibility of a public listing in the UK.
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NewsLululemon hails strong ‘early performance’ ahead of Christmas
Sportswear retailer Lululemon has posted a “strong” third quarter and hailed its “early performance” ahead of the peak Christmas trading period as the brand continues to resonate with shoppers globally.
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NewsActivist investor Kelso urges THG to demerge business
Activist investor group Kelso Group Holdings has urged ecommerce giant THG to consider a demerger of its three business divisions “to maximise shareholder value”.
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NewsWilko and The Range to close all stores on Boxing Day
Wilko and The Range will close all of their 200-plus stores on Boxing Day to give its staff a “well-earned break” over the festive period.
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NewsWatches of Switzerland flat sales offset by ‘strong momentum in US’
Watches of Switzerland has posted flat group sales that were strengthened by its trading performance in the US.
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NewsFrasers sales and profit rise as elevation strategy pays off
Frasers has reported an increase in sales and profit across its portfolio as the group’s elevation strategy continues to “drive strong trading performance”.
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NewsMatches fires up equity raise to support turnaround
Luxury fashion retailer Matches is reportedly considering an equity raise in a bid to support its business turnaround strategy.
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NewsMoonpig profits and sales grow
Online greeting cards specialist and technology platform Moonpig reported a growth in profits and sales, despite the challenging macroeconomic environment.
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NewsTHG acquires US skincare brand for $20m
THG, which owns Lookfantastic and Cult Beauty, has acquired skincare brand Biossance from US biotechnology group Amyris Inc for $20m (£15.8m).
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NewsQuiz lowers guidance as sales dip
Quiz has announced that it expects revenue to be 6% to 8% lower than the £86.4m predicted in the year ending March 31, 2024.