All City & finance articles – Page 68
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NewsSuperdry swings to profit as it hails ‘signs of recovery’
Superdry has swung to a half-year profit and hailed “clear signs of brand and financial recovery” despite suffering a fall in sales.
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NewsPrimark posts festive sales gains but lags pre-pandemic levels
Primark has registered a spike in sales during the crucial Christmas trading period but lagged behind pre-pandemic levels.
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NewsIceland freezes prices on £1 value range to ease cost-of-living crunch
Iceland has vowed to freeze the price of more than 60 of its £1 value lines to ease the cost-of-living crunch piling pressure on its customers.
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NewsHotel Chocolat nudges up profit forecast after festive sales rise
Hotel Chocolat expects full-year earnings to come in just ahead of expectations after sales rose over Christmas.
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NewsThe Hut posts record sales of more than £2bn after strong final quarter
Online retailer and tech group THG – The Hut – has reported full-year sales of more than £2bn after “significant growth” over the peak trading period.
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NewsAsda owners the Issa brothers eye up Boots
Entrepreneurs Mohsin and Zuber Issa, the owners of Asda, are considering acquiring health and beauty giant Boots which has been put up for sale by Walgreens.
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DataData: The companies investors placed their bets on in 2021
2021 marked another tumultuous year for the retail industry, but some bright sparks grew - and have been rewarded with the investment to grow further. Retail Week explores the companies that received the most investment in the UK in 2021.
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NewsQuiz grows festive sales despite slump in online demand
Quiz has posted a jump in Christmas sales as customers flocked back to its stores and concessions at the end of last year.
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NewsCurrys golden quarter sales slip in ‘softer’ electricals market
Currys has nudged down its profit guidance after suffering a decline in sales during the crucial Black Friday and Christmas trading period.
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NewsJD Sports boss Peter Cowgill nets £21m after selling half his shares
JD Sports executive chair Peter Cowgill has sold 10 million of his shares in the sporting goods retailer, over half of his shareholding.
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NewsAsos festive sales increase despite ‘challenging’ market conditions
Asos has posted an uplift in Christmas sales across the UK and US, but interim boss Mat Dunn flagged that supply chain issues drove “heightened clearance activity” over the festive period.
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NewsDunelm and DFS sales rise as consumers revamp homes for Christmas
Both Dunelm and DFS have recorded strong results in the lead-up to Christmas as the homewares boom shows no signs of slowing down.
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NewsSainsbury’s serves up bumper Christmas, making market share gains
Sainsbury’s has raised its full-year profit guidance after delivering strong Christmas results and growing its market share.
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NewsJD Sports raises profit guidance following ‘robust’ Christmas
JD Sports has upped its full-year profit guidance after a strong Christmas trading period.
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NewsPrivate equity firms Bain Capital and CVC set to team up for Boots bid
Two of the world’s largest buyout firms Bain Capital and CVC have reportedly joined forces to launch a joint takeover bid for Boots.
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NewsLidl claims to be ‘fastest-growing bricks-and-mortar retailer’ as sales rise
Value grocer Lidl has unveiled a strong Christmas sales rise and laid claim to being “the fastest-growing bricks-and-mortar retailer”.
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NewsVery Group posts strong Christmas sales and names new chair
Pureplay retailer The Very Group has reported a steep rise in Christmas sales and appointed a former Walmart director as chair.
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NewsThe Hut Group hands over City ‘conspiracy’ dossier to financial watchdog
The Hut Group has handed over a dossier of data to the City watchdog chief executive Matt Moulding hopes will prove stockbrokers colluded to drive down its share price.
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NewsAldi hails ‘best Christmas ever’ after growing sales in December
Discounter Aldi has hailed its “best Christmas ever”, luring half a million Big Four customers across and being the only supermarket to grow sales during December.
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NewsGousto wins new investment valuing it at almost $2bn
Recipe box specialist Gousto has raised $150m (£111m) to finance expansion in the developing direct-to-consumer market.