Latest finance news – Page 84
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NewseBay to buy authentication company to boost pre-loved fashion business
eBay has signed an agreement to acquire an authentication and digital ID firm to help enhance the marketplace’s pre-loved fashion business.
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NewsTK Maxx owner TJX raises profit outlook after sales rise
TJX, the US-based value retailer and parent company of TK Maxx, has raised its profit outlook as it reports a lift in sales.
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NewsWatches of Switzerland hails strong performance ahead of guidance
Watches of Switzerland reported a strong year of revenue and profitability despite a challenging trading environment.
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NewsJD Sports sales soar in ‘record results’
JD Sports has reported record sales and expects profits to reach £1bn this year.
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NewsBrompton Bikes confirms £19m equity raise to fund expansion
Brompton Bikes announced the sale of a £19m stake in the company to growth fund BGF as it looks to accelerate expansion to international markets.
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NewsShoe Zone sales grow as shoppers tighten belts
Shoe Zone has posted a strong trading performance as shoppers look for value during the cost-of-living crisis.
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NewsGreggs store expansion drives sales boost
Greggs has posted solid like-for-like sales growth driven by ‘strong strategic progress’ and its store expansion programme.
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NewsBoohoo sales fall and profits halve
Boohoo has posted a drop in revenue in its year-end results, but said it was making progress on a return to growth in the second half of next year.
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NewsCurrys profits to beat expectations as UK performs strongly
Electricals giant Currys reported that earnings will come in ahead of guidance as the core UK and Ireland business traded ahead of expectations.
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NewsTHG ends takeover talks with Apollo claiming offer lacks ‘merit’
THG has terminated all discussions about a possible takeover with private equity firm Apollo Global Management, claiming there was “no longer any merit in continuing to engage”.
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NewsLondon Designer Outlet posts record sales
London Designer Outlet (LDO) has posted its best first-quarter results on record, with sales up 17% year on year.
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NewsJohn Lewis chair White wins backing for future amid investment row
John Lewis chair Dame Sharon White has won the backing of the partnership council in what was widely seen as a vote of confidence in her leadership.
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NewsWatch: John Lewis’ White clarifies investment position ahead of crunch vote
John Lewis Partnership boss Dame Sharon White has sought to quell doubts about her long-term plans for the business ahead of a crunch vote of confidence.
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NewsTesco defends chair John Allan over inappropriate behaviour allegations
Supermarket giant Tesco has defended its chair John Allan, following the emergence of allegations of inappropriate behaviour by four women.
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NewsAsos losses deepen as online retail takes a hit
Online fashion retailer Asos has reported further losses, but said it remained confident in its performance as it worked on improving profitability amid a challenging trading backdrop.
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NewsNatura profits increase but The Body Shop continues to face challenges
Natura &Co posted strong profitability in the first quarter of 2023, but said The Body Shop was “still showing top-line challenges” as revenues fell.
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NewsFarmison reopens for business as ex-Asda boss Clarke takes reins
Online butcher Farmison & Co has begun trading again following its purchase out of administration by a consortium headed by former Asda chief executive Andy Clarke.
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NewsMarks & Spencer injects fresh funding into Nobody’s Child
Marks & Spencer has provided further funding to Nobody’s Child, the “eco-conscious” brand in which it took a stake two years ago and which is a key partner in its third-party brands strategy.
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NewsJD Sports snaps up French specialist Courir in €520m deal
JD Sports intends to buy French sports footwear and apparel group Courir as it enacts the strategy set out by new chief executive Régis Schultz.
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NewsMoss Bros profits surge as shoppers ‘dress up again’
Menswear retailer Moss Bros has reported “another year of strong profit” as the demand for occasionwear booms and shoppers “dress up again”.