Latest finance news – Page 68
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NewsThe Works drops profit guidance by £4m
The Works has dropped its profit guidance by £4m as it anticipates taking a hit on prices to remain competitive in the eyes of bargain-hunting shoppers.
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NewsB&M raises profit outlook
B&M has upped its profit guidance for FY24, but said forecasting has been difficult against a volatile backdrop.
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NewsWHSmith sales and profits soar
WHSmith has reported soaring sales and profits off the back of strengthening footfall in its travel division.
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NewsOutlet Shopping at The O2 posts ‘strong’ sales month
Outlet Shopping at The O2 has recorded a “strong period of trading” in October as it remains on track for one of its “most successful years to date”.
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NewsPandora hails ‘strong growth’ and ups growth guidance
Jewellery specialist Pandora hailed “strong growth” during the third quarter as it reported a rise in revenue and upped its full-year growth guidance, despite a fall in profit.
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NewsBensons for Beds back in black
Bensons for Beds has made a return to profitability after bedding in its transformation strategy.
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NewsMarks & Spencer 'ambitious for future growth' despite cautious outlook
Marks and Spencer has reported soaring profits for the first half of the year but it expects a slower second half.
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NewsPrimark ‘doing Christmas better than ever before’, says ABF boss George Weston
Chief executive of Primark’s parent company ABF George Weston has said Christmas is going “better than ever before” as shoppers have started to spend early.
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NewsShein weighs up Topshop bid
Fast-fashion giant Shein has formally registered its interest in bidding for the Topshop brand.
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NewsWatches of Switzerland sales increase
Watches of Switzerland posted strong sales as demand for luxury watches remains robust despite a difficult consumer environment.
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NewsPrimark profits soar driven by sales increase in all markets
Value fashion retailer Primark posted a rise in profits as sales increased in all markets across the UK, Europe and the US in the full year ending September, 2023.
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NewsSigna ‘funding crisis’ raises questions for Frasers and Selfridges
Frasers Group’s acquisition of SportScheck has reportedly been “thrown into question” as the German sportswear retailer is at risk of collapsing into administration.
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NewsWhite Stuff profits and sales rise in ‘strong’ year
White Stuff has reported a rise in both profits and sales in a “strong” year of growth for the fashion retailer in the early stages of its “ongoing business transformation”.
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NewsWilko confirms opening dates and locations for first three concept stores
Wilko has revealed the opening dates and locations for its first three concept stores, due to open before Christmas.
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NewsWickes underlines profit guidance as it grows market share
Wickes has reported an increase in core market share as it remains “on track to meet full-year expectations”.
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NewsCurrys to sell Greek business for £175m
Currys has entered an agreement to sell its Greek business, Kotsovolos, to Greek electricity supplier Public Power Corporation (PPC) as it aims to strengthen its balance sheet and focus on the UK, Ireland and Nordic markets.
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NewsSainsbury’s winning back shoppers from discounters ‘for first time’
Sainsbury’s boss Simon Roberts says the supermarket is now winning back market share from the discounters “for the first time”.
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NewsHugo Boss maintains guidance after ‘robust’ third quarter
Fashion retailer Hugo Boss has maintained its full-year guidance after a “robust” third-quarter performance with top-line improvements across “both brands, all regions and all consumer touchpoints”.
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NewsZalando revises guidance as it posts revenue decline
Online fashion giant Zalando has recorded a decrease in group revenue and is reviewing its guidance as it expects “continued pressure on demand” for the remainder of the financial year.
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NewsSainsbury’s sales rise as it continues to ‘invest in customer’
Sainsbury’s has reported a rise in sales that it credits to “consistent investment in our customer proposition” and has increased its guidance for the full year.