All City & finance articles – Page 85
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NewsAsda owners to sell 27 forecourts to smooth competition concerns
Asda’s new owners the Issa brothers have agreed to offload a tranche of EG Group’s petrol forecourts, paving the way for them to formally complete their £6.8bn takeover of the supermarket chain.
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NewsBoohoo profits surge as sales rocket across globe
Boohoo has posted a spike in sales and profits as coronavirus lockdowns across the globe spurred growth in all of its international markets.
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NewsFrasers Group probed by EU tax authorities over VAT bills
Frasers Group is in talks with EU tax authorities over a controversial VAT arrangement that has seen the retailer pay tax on overseas sales in the UK.
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NewsAmazon profits soar as online demand booms
Online giant Amazon has reported skyrocketing sales and earnings as the pandemic-stoked shift to online continued.
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NewsApple’s profits double as Chinese sales soar
Apple has recorded soaring sales since the beginning of the pandemic, with particular momentum seen in China.
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NewsIn The Style hails strong momentum after successful IPO
After completing a successful float on AIM, In The Style has recorded strong sales throughout the past year.
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NewsWHSmith launches £325m fundraise to open 100 new travel stores
WHSmith has unveiled plans to launch a £325m fundraise as the retailer doubles down on the expansion of its challenged travel division.
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NewsThe White Company profits grow as demand for home and gifting rises
The White Company reported rising profits despite the closure of its bricks-and-mortar stores during lockdown last year.
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NewsDixons Carphone closes travel arm despite strong group trading
Dixons Carphone plans to close its Dixons Travel business after predicting an insufficient recovery in passenger numbers.
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NewsSainsbury’s profits slide as strong sales fail to offset Covid costs
Sainsbury’s has recorded a sharp drop in profits over the past year with its results ”heavily influenced by the pandemic”.
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NewsWaitrose to create 400 new jobs as it extends Deliveroo partnership
Waitrose is set to create 400 new jobs as it extends its home delivery partnership with Deliveroo to 110 new stores.
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NewsPoundland owner Pepco to launch IPO in Poland
Poundland owner Pepco is set to list in Poland following months of speculation.
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NewsGousto swings into black as boss says grocery delivery is here to stay
Gousto has delivered its first ever full-year profit as its chief executive backs the grocery home-delivery revolution to outlast the pandemic.
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NewsThe Hut gobbles up snacks specialist in £43m deal
Online giant The Hut Group (THG) is to acquire healthy snack bar business Brighter Foods, strengthening its presence in a high-growth category.
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NewsMars food chief joins Marks & Spencer board
Marks & Spencer has appointed Mars Food global president Fiona Dawson to its board, bringing “cutting-edge” consumer and brand experience.
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NewsBloom & Wild buys Dutch rival Bloomon in European expansion push
Online florist Bloom & Wild has acquired Dutch rival Bloomon for an undisclosed sum as it ramps up plans to grow into Europe.
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NewsFeelunique swings into profit off the back of strong sales
Pureplay beauty brand Feelunique has posted its first annual profit off the back of strong sales and customer growth.
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NewsPrimark boss insists ‘fashion is back’ as lockdown easing takes effect
Shoppers filled their baskets with the latest styles as well as staples at Primark when the retailer reopened, signalling hopes of a return to more normal life post-pandemic.
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NewsPrimark owner to repay furlough cash as reopened stores deliver record sales
Primark’s parent company Associated British Foods has said it plans to repay money claimed on the government job retention scheme as its reopened stores rebounded last week.
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NewsOcado invests in autonomous vehicle software company
Commencing a multi-year partnership, which will see the two companies work together to create a new vehicle fleet, Ocado has invested in autonomous vehicle company Oxbotica.