All City & finance articles – Page 186
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NewsIntu to look to residential and hotels to drive footfall
Intu’s chief financial officer Matthew Roberts has said the property giant will be looking to intensifying its residential and hotel offerings to offset declining retail footfall.
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AnalysisAnalysis: Is a Sainsbury's-Asda deal dead in the water?
What a difference a year makes. In April 2018, Sainsbury’s chief executive Mike Coupe, Asda boss Roger Burnley and Walmart’s international supremo Judith McKenna were all smiles as they lifted the lid on plans for a £13bn mega-merger.
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NewsIntu suffers drop in footfall but rental income rises
Intu suffered a drop in footfall to its shopping centres last year but hailed “robust” growth in rental income.
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NewsLaura Ashley warns on profits amid ‘market turbulence’
Laura Ashley has warned full-year profits will “fall short of market expectations” following “difficult” trading conditions in the first half of its financial year.
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NewsSainsbury's-Asda merger on knife edge after CMA findings
Sainsbury’s £13bn merger with rival Asda could be blocked by the competition watchdog after it found “extensive competition concerns” surrounding the deal.
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OpinionOpinion: JD ditches attack for defence with Footasylum stake
JD Sports’ aggressive acquisition spree shows no signs of slowing down – but its latest purchase smacks of a much more defensive move.
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NewsBRC calls for pause on minimum wage enforcement
The British Retail Consortium has called on HMRC to put a halt to its National Minimum Wage enforcement until a government consultation has been concluded.
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NewsJD Sports snaps up stake in rival Footasylum
JD Sports has snapped up a near-10% stake in athleisure rival Footasylum but insisted it does not intend to make a takeover bid for the business.
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NewsMcColl's profits hit by Palmer & Harvey collapse
Convenience retailer McColl’s has reported a fall in profits after a “challenging” year.
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NewsJanuary discounts drive up retail sales figures
Total retail sales increased in both value and volume in January making it the highest year-on-year growth since December 2016.
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NewsAgenda: Sainsbury's-Asda, McColl's and Environmental Audit Committee
Retail Week looks ahead to the next seven days, with McColl’s, the Sainsbury’s-Asda CMA verdict and the Environmental Audit Committee report on the agenda.
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NewsBRC: No-deal Brexit ‘sub-optimal’ after government defeat
The British Retail Consortium has reiterated that a no-deal Brexit would be catastrophic for retailers, after the government suffered another defeat in the House of Commons overnight.
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NewsMike Ashley holding company's profits crash
Profits have plummeted at retail tycoon Mike Ashley’s investment vehicle Mash Holdings, more than halving in the year to April 2017.
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NewsWest End retailers braced for April business rates hike
John Lewis, Primark, Debenhams and Selfridges will suffer some of the sharpest increases in business rates on their flagship West End stores, new research has found.
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NewsDunelm profits rise as it ramps up focus on core business
Dunelm has posted an increase in first-half profits as the drive to simplify its business model bore fruit.
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NewsLiberty owner eyes sale of department store
Liberty has reportedly been put up for sale by its major shareholder, nearly a decade after it last changed hands.
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OpinionHigh street woes shouldn't obscure global opportunities
A retailer that many may never have heard of is understood to be planning a float that would value it at more than $1bn.
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NewsOffice profits slide as HoF demise hits sales
Office has recorded a steep decline in its full-year profits as sales were hampered by House of Fraser’s collapse and the wider consumer spending slowdown.
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NewsDebenhams secures £40m credit facility extension
Debenhams has extended its credit facility to buy the ailing department store chain time to finalise its financial restructuring plans.
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NewsIceland eyes moves for Sainsbury's and Asda stores
Iceland is considering swooping on stores that Sainsbury’s and Asda might be forced to sell as a result of their proposed merger.