All City & finance articles – Page 37
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NewsCurrys profits fall as Nordics success ‘brought to abrupt halt’
Electricals giant Currys has posted a fall in full-year profit after its long track record of Nordics success “was brought to an abrupt halt”.
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Opinion‘As retail passes the year’s midpoint things could be better – but they could have been far worse’
Is it July already? As the summer holiday period kicks in and they sip a cool beer or glass of wine in Faros or Florida, retailers can pause for breath and reflect on a year now halfway through and prospects for the remainder
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NewsAO boss has ‘no plans’ to return to physical retail
AO founder and chief executive John Roberts has said the group has “no plans” to return to bricks-and-mortar retail after closing its shop-in-shops with Tesco last year.
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EventsThe finance forecast: embracing opportunities to unlock growth in 2024
October 3, 2023, 8.30am-10am, South Place Hotel, London
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NewsJD Sports colluded with Leicester City FC to restrict competition, CMA finds
An investigation by the Competition and Markets Authority (CMA) has provisionally found that the sportswear retailer “colluded” with Leicester City FC to restrict competition in sales of the club’s branded clothing over three seasons.
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AnalysisWhat is the endgame of Revolution Beauty and Boohoo’s war of words?
In the weeks since Boohoo publicly announced plans for a hostile takeover of Revolution Beauty, what followed has been a war of words fought on the battlefield of the London Stock Exchange, with each party accusing the other of corporate wrongdoing and “self-serving” behaviour.
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NewsTopps Tiles delivers ‘robust’ trading as quarterly sales rise
Topps Tiles has reported “strong” trading in its third quarter and expects interim profits to rise.
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NewsQuiz reports ‘strong recovery’ as profits and sales climb
Fashion retailer Quiz has posted increased earnings and revenue, helped by higher full-price sales and cost savings.
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NewsAO swings back into black as profit focus pays off
Electricals specialist AO World has returned to profit after a year of business simplification and refocus.
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NewsSainsbury’s sales increase driven by ‘return to volume growth’
Sainsbury’s has reported a rise in sales, which it says was driven by a “return to volume growth” over the multiple bank holidays in April and May.
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NewsNike hails ‘milestone year’ as revenues jump despite fall in margins
Nike has reported an increase in revenues in the fourth quarter and full year ending May 2023, driven by “investment in innovation and digital leadership” as well as the success of its “top strategic partners”.
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NewsRevolution Beauty hits back at Boohoo as battle for control rages
Revolution Beauty has launched another attack on Boohoo as a daily war of words continues over the control of the beauty specialist.
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NewsAngered Boohoo accuses Revolution Beauty of hiding free share award terms
Boohoo has accused Revolution Beauty of a “lack of transparency” for hiding the terms of its free share awards in its annual report and has set out a list of demands for the beauty brand’s management team.
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NewsMulberry sales and revenue rise as it ‘delivers strategic objectives’
Mulberry has recorded a rise in international sales and revenue as it builds on delivering “strategic objectives” despite “macroeconomic uncertainty”.
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NewsProCook revenue slips due to ‘toughest economic backdrop’
ProCook has reported a decline in revenue, in a year the chief executive described the economic backdrop as being “one of the toughest I have experienced in my career”.
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NewsRevolution Beauty reappoints board despite AGM vote
Revolution Beauty saw the reappointment of three board members at its annual general meeting on Tuesday, despite a majority vote to remove them.
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AnalysisHow did supermarket bosses fare in the glare of Westminster spotlight?
In a public forum designed to intimidate and pressurise, the traditional big four supermarkets more than held their own, but the spectre of further scrutiny looms
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NewsBoots delivers strong sales driven by success of own brands
Boots reported 13.4% year-on-year growth in retail sales in the three months to May 31, as market share grew for the ninth consecutive quarter.
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NewsHotter owner hails ‘encouraging’ trading as it ends sale process and mulls equity raise
Hotter parent company Unbound Group announced the end of its formal sale process today with ”no potential offers” and confirmed it is exploring an equity raise.
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NewsJD Sports on track to hit £1bn profit mark
Ahead of its AGM today, JD Sports reported positive trading in the first half of the financial year and said it was set to deliver profits “in line with the current average consensus expectations of £1.04 bn”.