Pandemic

Tesco profits soar despite coronavirus hit

Tesco has welcomed a surge in profits, with pre-tax profit soaring by 28.7% to £551m in the first-half of its…

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Ann Summers moves towards CVA

Ann Summers has suggested that it is likely to launch a CVA after the lingerie retailer failed to negotiate rental…

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Watches of Switzerland raises guidance as sales surge

Watches of Switzerland has announced that revenue for the first 10 weeks of Q2 has been “stronger than expected” at…

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High Streets Task Force appoints 150 experts

The High Streets Task Force has appointed 150 professionals to work with local authorities in England over the next four…

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Waitrose eats into Ocado’s market share despite M&S deal

Waitrose has reportedly stolen some online market share from its former partner Ocado in the first few weeks of Ocado’s…

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Mulberry swings to full-year loss

Mulberry has announced that group revenue fell by 10% to £149.3m in the full-year ended 28 March 2020, in light…

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Asda sold at £6.8bn to billionaire Issa brothers

Walmart has confirmed the Issa brothers and TDR Capital have taken equal shareholdings in an acquisition of Asda which values…

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Nearly half of UK firms report Q3 sales decrease

Business conditions remain weak in the third quarter of 2020, despite “much of the economy” reopening, according to the latest…

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H&M to close stores as online sales rise

H&M has announced that it is planning to close around 250 stores next year, as more of its customers shift…

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Boohoo raises forecast as profits soar

Boohoo has reported that pre-tax profit soared by 51% to £68.1m in its latest half-year results.  In addition, revenue soared…

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