Latest finance news – Page 93
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NewsMatalan lenders pledge £100m of new investment after seizing control
Matalan’s lenders have taken over the ownership of Matalan after a prolonged corporate battle with former chair and co-founder John Hargreaves.
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NewsReiss expects record profit after strong Christmas
Fashion retailer Reiss has reported strong Christmas trading as sales surged in stores and online.
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NewsMade.com to enter voluntary liquidation process
Made.com will be placed into members’ voluntary liquidation to formally wind up the company, a shareholder vote on the future of the company has concluded.
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NewsFat Face delivers bumper Christmas as profits climb
Fat Face reported soaring sales in the run-up to Christmas after posting an increase in profits for the first half.
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NewsLush hails return to high street and posts record Christmas sales
Lush reported its highest-ever trading month in December, exceeding its forecasts and beating pre-pandemic sales.
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NewsDFS reiterates profit guidance after strong start to the year
Furniture specialist DFS has reiterated its full-year profit guidance and hailed a strong start to winter trading, having spent much of last financial year struggling with low customer demand.
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NewsPepco sales soar off the back of ‘very successful Christmas’
Poundland parent company Pepco has reported a boost in sales in the lead-up to Christmas and said it expects “another year of consistent performance” in 2023.
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NewsVirgin Wines issues profit warning following ‘difficult trading period’
Virgin Wines has issued a warning on full-year profits after a harsh half-year trading period hampered by strikes and operational problems.
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NewsProCook confident of recovery despite challenging Christmas period
ProCook has said it is confident its performance will improve despite reporting falling revenues over a Christmas period hampered by challenging trading conditions.
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NewsN Brown struggles over Christmas as cost-of-living pressures hit
N Brown has posted a drop in group revenue and product sales as cost-of-living pressures impacted shopper spending.
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NewsHalfords issues profit warning as labour shortage bites
Halfords has adjusted its full-year profit outlook despite posting strong revenue growth over Christmas.
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NewsVery sales rise at Christmas as toy and beauty categories do well
Pureplay retailer The Very Group has reported a lift in sales in the run up to Christmas, with strong demand for toys and beauty products in particular.
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NewsAsos sales slip over Christmas in ‘challenging’ conditions
Online fashion giant Asos has posted a fall in sales over the festive period but said it is making progress on its turnaround.
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NewsTesco wins Christmas sales boost and holds profit outlook
Tesco has reported an uplift in sales over the Christmas period and stuck to its full-year profit guidance.
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NewsMarks & Spencer posts ‘strong Christmas growth’ as food and fashion sales climb
Marks & Spencer has reported that its food business “outperformed” over Christmas and it saw “outstanding” results in clothing and home.
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NewsTopps Tiles delivers strong Christmas performance as trade sales rise
Topps Tiles has posted robust Christmas trading results, thanks to a boost in sales from trade professionals.
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NewsSainsbury’s defies inflationary gloom to deliver ‘best possible Christmas’
Sainsbury’s has raised full-year profit expectations after reporting a jump in sales across its core grocery and Argos businesses during the festive period.
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NewsJD Sports upgrades profit expectations as Christmas sales soar
JD Sports said it expects full-year profits to come in at the very top end of expectations after its sales doubled over the Christmas period.
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NewsSosandar sales soar as every product category grows in record quarter
Sosandar has recorded a surge in sales across every product category on its website and through third-party collaborators, including John Lewis, Next and Very, in a record quarter for the company.
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NewsMajestic toasts Christmas trading after winning record market share
Majestic Wine reported strong growth in sales over the festive season and achieved its highest-ever market share, despite fierce competition from the supermarkets.