Latest finance news – Page 83
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NewsWHSmith improves profit expectations as momentum continues across travel
WHSmith has further improved its expectations for the full financial year as travel continues to perform well ahead of peak trading season.
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NewsB&M delivers mixed results as profits decline and revenues rise
B&M has reported a dip in profit as well as growth in revenue and its chief executive says it has battled with “major economic headwinds” and “material cost pressures”.
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NewsWarm bank holiday weather boosts sales at Homebase
Homebase says warm weather over the bank holiday weekend has resulted in its biggest sales week since Easter last year.
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NewsGovernment price cap plans ‘will not make a jot of difference’, BRC warns
The British Retail Consortium (BRC) has warned that the latest government plans to introduce price caps on basic food items in a bid to tackle the cost-of-living crisis will “not make a jot of difference to prices”.
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NewsFood inflation eases but prices still lingering at near record highs
Food inflation in the UK slowed from April’s record-breaking rise – but was still up by more than 15% year on year in May.
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NewsAsda says £2bn EG Group acquisition will create ‘new value-led consumer champion’
Asda has confirmed the acquisition of EG Group’s UK and Ireland operations for £2.27bn and said the move will create a “new value-led consumer champion”.
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NewsAsda to finalise £10bn merger with petrol stations group EG
The owners of Asda and petrol stations giant EG Group are set to finalise a £10bn merger of their operations, according to reports.
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NewsAsos refinances and seeks £75m from investors
Asos is looking to raise £75m in cash from shareholders and it has refinanced in an attempt to strengthen its balance sheet.
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NewsRevolution Beauty investigation reveals ‘unacceptable’ business practices
Revolution Beauty’s audit has revealed several “unacceptable” business practices that it has vowed to never repeat.
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NewsPets at Home unveils ‘world’s best pet care platform’ strategy after strong results
Following a strong set of full-year results, Pets at Home has unveiled its medium-term vision to become a “unified pet care platform”.
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NewsAbercrombie & Fitch raises profit guidance as it delivers strong sales
Abercrombie & Fitch has increased its profit guidance after achieving ‘decade-high’ first-quarter sales.
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NewsKingfisher sales dampened by wet weather
Kingfisher has reported flat sales as wet weather dampened demand for seasonal products like barbecues and garden furniture.
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NewsM&S sales increase as growth strategy progresses
Marks & Spencer has recorded an increase in sales, which the group said was driven by its “strategy to reshape M&S for growth”.
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NewsLidl eyes share of Tesco Clubcard profits after winning trademark battle
Lidl may seek a share of profits made by Tesco from its Clubcard scheme after the discounter won a trademark battle over the use of a circular yellow logo on a blue background.
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NewsTopps Tiles delivers record sales driven by omnichannel model
Topps Tiles has delivered record results as average sales per store increased by 30% compared with 2019, driven by “nationwide store coverage, world-class customer service and strong omnichannel capability”.
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NewsWilko considers CVA among turnaround options
Variety retailer Wilko is pondering the possibility of a CVA among a range of options as new chief executive Mark Jackson seeks to turn around the business.
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NewsHotter owner eyes sale of footwear retailer
Hotter parent company Unbound Group has launched a strategic review and drafted financial advisers as it is understood to be mulling the sale of the footwear retailer.
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NewsFarfetch boss ‘extremely confident’ as it returns to sales growth
Luxury fashion platform Farfetch has attributed an increase in revenue in its first quarter to the continued success of its digital platform and the “strength and resilience” of its core business.
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NewsThe Works sales increase despite ‘challenging backdrop’
The Works has reported a lift in annual sales despite trading against “a challenging backdrop”.
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NewsBurberry delivers ‘strong financial performance’ as revenue and sales rise
Luxury fashion brand Burberry has reported a “strong financial performance” that saw a rise in full-year revenue and sales.