All City & finance articles – Page 175
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NewsMountain Warehouse eyes store expansion as profits grow
Mountain Warehouse has posted its 22nd year of consecutive sales growth and committed to investing in its bricks-and-mortar presence, both in the UK and internationally.
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NewsMonsoon landlords call for equity stake ahead of CVA
A number of landlords have written to Monsoon demanding an equity stake in the business, in return for supporting any company voluntary arrangement.
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NewsWatches of Switzerland floats with £647m valuation
Specialist retailer Watches of Switzerland has floated on the London Stock Exchange at 270p per share, giving the retailer a market capitalisation of £647m.
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NewsArcadia refuses to pay more into pensions as CVA hangs in balance
Arcadia is refusing to pump more cash into its pension deficit as part of its CVA proposal, despite increasing fears pension regulators could vote against the group’s restructuring plan.
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NewsReiss denies majority stakeholder looking to sell
Reiss has categorically denied recent media speculation that private equity firm and majority stakeholder Warburg Pincus is looking to sell the retailer.
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NewsShop price inflation rate second highest in six years
Shop prices increased during May at the second highest rate in the past six years, driven by non-food inflation and “spiralling” business property tax.
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NewsPoundland owner posts sales rise as value chain ‘outperforms’
Pepkor Europe, owner of businesses including Poundland in the UK, has reported a rise in quarterly and half-year sales.
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NewsSelect administrators launch CVA
Select has filed proposals for a CVA in order to slash rents, after it fell into administration earlier this month.
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AnalysisWhy a safe pair of hands is the right move for WHSmith
WHSmith boss Stephen Clarke is preparing to stand down as travel sales soar, while the high street struggles. Against this backdrop, does the retailer need more than safe-pair-of-hands Carl Cowling?
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NewsMonsoon founder pledges £34m to secure CVA
Monsoon founder Peter Simon has offered £34m worth of rescue funds in a bid to win approval for rent reductions from landlords as part of a CVA.
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NewsDebenhams to close only Australian store next year
Debenhams is set to close its one department store in Australia by the beginning of next year.
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NewsAgenda: Pepkor Europe and GFK consumer confidence
Retail Week looks ahead to the next seven days with an update from Pepkor Europe and GFK’s latest consumer confidence survey on the agenda.
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NewsShares in Ocado partner Casino suspended as debt mounts
Shares in Casino – the French grocery giant that has partnered with Ocado – and its parent company Rallye have been suspended as concerns mount over their debt piles.
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OpinionOpinion: How retailers and landlords can restore faith in CVAs
With Arcadia Group becoming the latest high street retailer to pursue a CVA to close stores and slash rents, retail landlords are increasingly reaching the end of their tether. British Property Federation boss Melanie Leech outlines how the gulf between retailers and landlords can be closed
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NewsB&M profits rise driven by rapid store expansion
B&M has posted a jump in full-year profits despite ongoing struggles in the German market, driven by its rapid store expansion programme.
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NewsArcadia CVA plan slammed by Pensions Regulator
Arcadia’s plans to shutter stores, slash rents and axe hundreds of jobs have come under fire just hours after they were unveiled.
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NewsM&S full-year profits fall as sales decline
Marks & Spencer has recorded a fall in its preliminary pre-tax profits, but boss Steve Rowe heralded “green shoots” in the department store’s ongoing transformation plan.
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NewsPets At Home full-year profits rise 'faster than anticipated'
Pets At Home has posted an increase in sales and profits in its preliminary results as boss Peter Pritchard described the business as “trading strongly and taking share across the pet market”.
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NewsSuperdry poaches Wiggle chief financial officer
Fashion retailer Superdry has appointed a new interim chief financial officer as the business begins to rebuild its board.
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NewsSports Direct tycoon Ashley bails out of MySale
Sports Direct tycoon Mike Ashley has sold his stake in etailer MySale.