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Hospitality group Whitbread has seen a 7% rise in sales, as its Costa coffee chain and Premier Inn hotel brand continued to flourish.Underlying profit before tax rose 18.5% to £256 million, with a 20.5% rise in profits at Costa and a 15% rise at its hotel and restaurant business. Andy...
Online fashion giant ASOS has seen a fall in its annual pre-tax profits, following a challenging year for the firm. Profit before tax came in at £46.9 million compared to £54.7 million the previous year. The company has issued three profit warnings in the past year and has pledged to...
Luxury shoe retailer Jimmy Choo has seen its shares rise, despite beginning trading at the lower end of its price range.The company sold off almost 26% of its shares in order to raise funds for its expansion into Asia.Chief executive Pierre Denis commented: “Today's announcement marks an important milestone for...
Building supplies company Wolseley is reportedly considering a £100 million bid for online and high street retailer Better Bathrooms.The firm is thought to have attracted the interest of several rival firms, including private equity companies, attracted by its rising sales, which have increased from £1 million in 2007 to £31.1...
Department store chain Fenwick has boosted its retail knowledge base by appointing retail veterans Alastair Kerr and Christine Cross to its board.Ms Cross was at Tesco between 1989 and 2003, where she held a number of non-food retail roles. She was also a non-executive director of Next and currently acts...
Brewery and pub group Greene King has raised its takeover offer for Spirit Pub Company to 109.5 pence per share, up from the original offer of 100 pence per share which Spirit’s board rejected last month.Following the news, the board of Spirit said that it would recommend the deal to...
Argos has teamed up with Bose to enable it to sell Bose speakers and headphones in its stores and online.Customers will be able to purchase Bose headphones, Bluetooth speakers, docking stations and the newly updated SoundTouch range.The ‘GET SET GO ARGOS’ campaign highlights the wide range of brands shoppers might...
Waitrose is calling on staff and customers for their Christmas TV advert this year in a new initiative called 'Donate Your Voice', which launches this week.The supermarket is urging members of the public to form a virtual choir and sing the soundtrack for its Christmas advert, which this year will...
John Lewis saw its sales increase by 12.9% last week as the cooler weather has begun to have a positive impact on trade.The retailer said the start of the week was particularly strong, with sales softening slightly as the weekend approached.Tim Harrison, John Lewis director of store development, said: “The...
Stationery group WH Smith has said that a “strong performance” for the year meant that the chain reported a rise in pre-tax profits of 8%.In the year ended August 31st, the group’s travel division experienced a “record year”, seeing profits rise 11%.Stephen Clarke group chief executive said that the group...
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