All City & finance articles – Page 69
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NewsB&M’s expected profits jump off back of ‘very strong golden quarter’
B&M has upped its adjusted EBITDA range for the full year off the back of what boss Simon Arora called “a very strong golden quarter” trading period.
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NewsGreggs increases full-year outlook as boss Whiteside confirms retirement
Greggs anticipates its full-year outcome will be ahead of expectations, following a strong fourth quarter, as chief executive Roger Whiteside’s replacement is confirmed.
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NewsTycoon Paphitis urges rates reform as strong Christmas follows annual loss
Theo Paphitis has called on the government to “grasp the business rates nettle” as he gave an update on Christmas trading and Ryman posted its first annual loss in more than two decades of his ownership.
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NewsAshley’s Frasers Group circles Footasylum
Tycoon Mike Ashley’s Frasers Group is thought to have tabled an offer for Footasylum, which JD Sports has been ordered to sell by the competition authorities.
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NewsPret a Manger city sales slump amid latest coronavirus wave
Sales at food-to-go specialist Pret a Manger have slumped as the emergence of the Omicron Covid-19 strain kept city workers at home.
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NewsSelfridges sold to Thai-Austrian joint venture in £4bn deal
Luxury department store chain Selfridges has been sold by the Canadian Weston family to a joint venture between a Thai retailer and an Austrian property company for an estimated £4bn.
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Opinion‘Five key themes will drive success in fashion and retail in 2022’
Given its exposure to the ebbs and flows of Covid-19, the fashion industry has been a useful bellwether for the wider retail landscape.
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NewsFrasers director leaves over conflict of interest concerns
One of Frasers Group’s non-executive directors is to leave after just a few months in the post.
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NewsHush profits soar as Covid lockdowns fuel online sales surge
Hush has posted a surge in profits and sales after online revenues boomed during the first year of the coronavirus crisis.
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NewsMike Ashley mulls taking Frasers Group off the stock market
Frasers chief executive Mike Ashley is reportedly preparing to take the company private following a period of strong growth for the group’s brands.
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Opinion‘As Boohoo warns on profits, the disruptors are increasingly looking like the disrupted’
While online powerhouse Boohoo’s ethical credentials have prompted fierce criticism, its operational prowess and consumer appeal have rarely been in question.
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NewsBoohoo issues profit warning due to higher return rates
Fast fashion giant Boohoo has blamed “significantly higher return rates” and continued extended delivery times as it issued an unexpected profit warning.
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NewsH&M and Inditex register soaring sales as fashion rebounds
Fashion giants H&M and Inditex have both hailed their sales recovery following lockdowns in the lead up to the festive season.
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Opinion‘The mismatch between valuations and anticipated performance has never looked so wide’
As we sit at the beginning of December, there are many conflicting industry drivers for retail, which when combined lead to significant ambiguity moving into 2022.
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NewsJoules warns on profits due to supply chain troubles and Omicron
Joules recorded soaring sales across all its channels but has warned of supply chain issues in the coming weeks and months, which threaten Christmas season success.
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NewsOcado predicts ‘best ever Christmas’ as it wins patent trial
Ocado has reported “strong momentum” in the lead-up to the festive period.
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NewsJD Sports set to concede defeat in Footasylum takeover battle
JD Sports is on the cusp of relinquishing ownership of Footasylum following a protracted battle with the Competition Markets Authority (CMA) regarding the takeover.
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NewsPrimark predicts sales gains despite supply chain and Covid disruption
Primark owner Associated British Foods expects sales at the retailer to rise in the coming months despite the reintroduction of coronavirus restrictions in Europe and supply chain challenges.
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NewsHolland & Barrett snaps up at-home beauty business Blow
Health and wellness retailer Holland & Barrett has snapped up at-home beauty services business Blow Ltd for an undisclosed sum.
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NewsDr Martens profits soar after record 6 million pairs sold
Dr Martens has reported mounting profits as it looks forward to a stellar festive season.