All City & finance articles – Page 74
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NewsAO warns supply chain ‘disruption’ will trigger profit decline
AO.com has said that “challenging market dynamics” across the UK and Germany have constrained its sales growth, and that it anticipates a decline in full-year profits as a result.
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NewsMorrisons bidders to battle for the retailer in auction this Saturday
The ownership of Morrisons will be decided this Saturday when an auction between rival bidders will be held.
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NewsQuiz losses deepen as sales plummet due to pandemic store closures
Fashion retailer Quiz has reported deepening losses as rolling store closures due to pandemic restrictions hammered its revenues.
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NewsNext upgrades outlook as profits and sales soar beyond pre-pandemic levels
Next has reported significant increases in both full-price sales and profit before tax compared with 2019 levels and has upgraded its full-year profit guidance.
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NewsCard Factory cuts losses as it targets omnichannel growth
Card Factory has reported a reduced first-half loss and said a transformation to an omnichannel model is under way.
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Opinion‘Regulation of online giants is one of the most important policy challenges of our time’
Regulation is not about constraining tech innovation, but sharing it more widely and increasing competition, says Michael Jary, senior adviser at OC&C Strategy Consultants.
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NewsNike warns of price rises amid supply chain chaos
Nike has warned that prices are likely to rise in the second half of its financial year as the brand bids to offset increasing costs in its supply chain.
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NewsDFS profits surge as consumers spend on their homes
Furniture specialist DFS has posted an increase in full-year sales and profits as consumers spent on their homes during the Covid-19 pandemic.
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NewsFenwick losses widen amid ‘most difficult trading conditions in living memory’
Fenwick has suffered widening full-year losses after enforced store closures drove a slump in sales during the coronavirus pandemic.
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NewsKingfisher boss eyes expansion as post-Covid trends create growth opportunities
Kingfisher chief executive Thierry Garnier said he was positive the DIY giant would thrive despite posting a dip in like-for-like sales.
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NewsKingfisher raises outlook as profits soar across Europe
DIY giant Kingfisher has recorded rising profits as its ‘Powered by Kingfisher’ strategy drives business changes.
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NewsWickes reveals strong profit rise in first results since demerger
Wickes has registered stellar profits and sales in the first report since it demerged from Travis Perkins.
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NewsJohn Lewis losses narrow as sales jump and cost-saving measures take effect
John Lewis has reported a significant narrowing in losses after tax in the first half of the year, with revenues jumping and cost savings from its extensive restructuring beginning to take effect.
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NewsSuperdry losses narrow as it makes sustainability gains
Superdry recorded a smaller dip in profits as its sustainability plans begin to bear fruit.
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NewsThe Hut Group profits soar one year after London listing
The Hut Group (THG) has reported growth across all areas of the business following its 2020 IPO.
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NewsThe Co-op profits fall as it announces partnership with Amazon
The Co-op has registered a dip in profits as it “invests in its business and colleagues” including a new partnership with Amazon on grocery delivery.
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AnalysisIn the founder's footsteps: setting the direction when the trailblazer steps aside
Many retail businesses are intrinsically linked to and even defined by their founders, but what happens when it comes time for that person to stand aside? Retail Week looks at past successes and failures and what needs to be put in place to ensure the process goes smoothly.
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NewsMade.com to launch homewares marketplace as it eyes expansion
Made.com has begun beta testing a marketplace model to bring artisan brands on board.
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NewsCD&R wins backing of Morrisons pension trustees
Clayton, Dubilier & Rice have taken another step towards winning the race for Morrisons by agreeing a “comprehensive package” with the grocer’s pension trustees.
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NewsMade.com losses narrow as sales jump despite global freight issues
Made.com reported narrowing losses before tax for the first half, with gross sales and adjusted profits for the period offsetting global freight issues.