Latest finance news – Page 92
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NewsTesco chair says food firms driving up prices unnecessarily
Some food firms may be driving up prices further than necessary by using inflation as an excuse, Tesco’s chair has told the BBC.
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NewsAsda owners weigh up £12bn merger with EG Group petrol stations
Billionaire brothers Mohsin and Zuber Issa are exploring a merger of Asda and their petrol forecourt empire.
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NewsDecember retail sales rise but volumes fall as cost of living hits consumers
Retail sales rose by value in December 2022 but volume was down, official data has shown.
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NewsConsumer confidence shows no improvement as it drops to near-historic lows
UK consumer confidence dropped again in January and showed little signs of improvement as it reached near-historic lows.
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NewsSuperdrug reports strong Christmas sales as customers return to high streets
Superdrug has posted strong Christmas sales driven by customers returning to bricks-and-mortar stores, strong demand for fragrance and cosmetics products, and the launch of a new marketplace.
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NewsDr Martens warns on profits after ‘challenging conditions’ in US
Dr Martens has blamed operational issues at its US distribution centre and “unseasonably warm weather” for its latest profit warning as direct-to-consumer growth slowed.
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NewsHotel Chocolat enjoys festive high street boost as it eyes fresh UK expansion
Hotel Chocolat hailed the bounce back of the high street over the Christmas period and unveiled plans to ramp up store expansion over the next three years.
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NewsDunelm upgrades profit outlook as sales skyrocket
Dunelm has upgraded its profit forecast after a strong performance over Christmas saw sales skyrocket.
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NewsBoohoo blames strong comparatives and long lead times for sales slump
Pureplay fashion giant Boohoo has blamed strong year-on-year comparatives and extended international delivery times for a slump in sales.
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NewsInflation dips in December but UK households still feel squeeze
UK inflation dipped in December but remains at one of the highest levels since records began as the cost-of-living crisis continues.
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NewsBurberry pins sales slowdown on Covid disruption in China
Burberry has reported a slow growth in sales over Christmas as a result of Covid-related disruption in China.
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NewsCMA launches inquiry into £600m Asda forecourt c-stores deal
The Competition and Markets Authority (CMA) has launched an inquiry into Asda’s proposed £600m acquisition of 129 Co-op forecourt convenience stores.
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NewsCurrys confident UK performance will offset decline in international arm
Currys’ revenues fell over the festive period, although the retailer’s UK and Ireland business delivered better-than-forecast results to offset issues internationally.
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NewsJollyes delivers 'all-time high' Christmas as shoppers pamper pets
Pets retailer Jollyes posted record Christmas sales across stores and online as a result of increased demand from shoppers pampering their animals despite financial pressures.
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NewsNaked Wines increases profit guidance following ‘solid festive trading’
Naked Wines has increased its full-year adjusted EBIT after a solid trading period in the quarter ending December 26.
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NewsThe Edit LDN secures multimillion-dollar funding for international launch
Global trainer marketplace The Edit LDN has secured a $4.8m (£3.9m) seed round led by Regah Ventures as it accelerates growth in the US and MENA.
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NewsQuiz sales rise as shoppers snap up occasionwear
Fashion retailer Quiz has reported a strong sales increase over Christmas when consumers bought party gear as they celebrated a festive period free of pandemic restrictions.
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NewsTHG reports record sales and acts to improve profitability
THG, the online group that owns a raft of health and beauty brands, has posted record annual sales of £2.25bn but warned on earnings.
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NewsExclusive: Air fryer prices rocket by up to 90% in the past year
Air fryers have soared in price over the past year as demand for low-energy home appliances grows during the cost-of-living crisis.
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NewsFortnum & Mason toasts ‘successful’ Christmas after returning to profit
Fortnum & Mason has capped a year where it returned to profitability with strong sales performance over Christmas.