All City & finance articles – Page 158
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OpinionOpinion: US retailers lead where FTSE 100 fails on leadership diversity
Our latest research has highlighted the ongoing failure of the UK’s biggest businesses to recognise the need for diverse talent at the top levels, with the total number of black, Asian and minority ethnic (BAME) board members virtually flatlining over the past year.
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NewsM&G suspends property fund as Brexit and retail landscape take toll
Property fund M&G has banned all withdrawals, blaming Brexit and the retail downturn for the decision.
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NewsDunelm profits to beat expectations amid margin gains
Dunelm has said it expects full-year profits to come in “higher than previous expectations” after a period of “strong sales growth”.
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NewsJoules sales climb despite ‘challenging’ September
Joules has posted an increase in sales during the first half of its financial year despite suffering what it called a “challenging” September.
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NewsClintons seals pre-pack admin deal saving 2,500 jobs
Greetings cards specialst Clintons has been bought out of administration by Esquire Retail Limited, safeguarding all 2,500 jobs.
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OpinionOpinion: Has Ocado bitten off more than it can chew with Aeon deal?
It has been another tumultuous few days on the rollercoaster ride that is the Ocado share price.
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NewsMorrisons promotes two in management reshuffle
Morrisons has reshuffled its management team with two senior appointments, leading its boss to praise the supermarket’s “strong management development plans”.
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NewsQuiz swings to loss as brand blames ‘challenging market conditions’
Quiz has swung to a loss before tax and seen its underlying EBITDA more than halve in what the fast-fashion group called a “continued challenging market”.
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OpinionLeader: Black Friday boost isn’t all it seems
It was a tale of two Novembers for retailers, the latest sales stats showed.
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NewsJohn Lewis sales spike driven by Black Friday bargains
John Lewis’ weekly sales soared in after a “record” performance for the retailer as price matching and strong demand for fashion and home technology bolstered performance.
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NewsDr Martens owner sets sights on £1bn sale
Dr Martens’ owner – private equity firm Permira – is looking to sell the shoe brand for £1bn.
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NewsHolland & Barrett owner urged to provide cash injection
The owner of health food specialist Holland & Barrett has been urged by lenders to provide additional cash as tough high street conditions bite.
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NewsTed Baker discovers £25m stock overstatement
Ted Baker has revealed that the value of stock held on its balance sheet has been overstated by between £20m and £25m.
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NewsOcado launches £500m bond issue to fund tech commitments
Ocado has unveiled a £500m convertible bond issue following a string of deals with international retailers.
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NewsSports Direct boss Ashley settles US legal row
Sports Direct founder Mike Ashley has resolved a legal dispute in the USA a day after a court there demanded he gave evidence.
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NewsFortnum & Mason profits soar after strong multichannel performance
Fortnum & Mason has reported soaring profits and sales for the year off the back of what it described as strong multichannel performance.
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NewsTrouva secures £17m investment to fuel overseas expansion
Trouva has raised £17m in its latest funding round to expand its international store network and has launched a dedicated German website.
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OpinionTOFS CEO: A CVA isn’t a quick fix – but it was right for our business
The growth in ecommerce, the much-discussed high rents and business rates, combined with lower high street and retail park footfall and rising wage costs have created the perfect storm in our industry – one that is proving very challenging to weather.
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NewsTOFS sales fall but boss heralds CVA for improved profitability
The Original Factory Shop (TOFS) has recorded declines in full-year sales and profits but boss Emma Fox credits the retailer’s CVA for improving profitability.
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NewsIceland and New Look investor Brait eyes assets sale
Brait, a leading shareholder in retailers Iceland and New Look, aims to realise its investments within five years.