All City & finance articles – Page 210
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CartoonBlower’s retail cartoon: House of Fraser’s CVA plan
Retail Week cartoonist Patrick Blower’s take on House of Fraser’s CVA plan
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NewsHouse of Fraser Group racks up £44m loss
House of Fraser Group swung to a £43.9m pre-tax loss last year as the Brexit vote, terrorist attacks and online competition weighed on the embattled department store business.
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NewsMorrisons boss Potts shrugs off Sainsbury’s-Asda deal
Morrisons boss David Potts has insisted the grocer is “well placed” to drive further growth, even if the proposed mega-merger between Sainsbury’s and Asda goes ahead.
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NewsEmbattled tycoon Wiese steps down from New Look board
Christo Wiese has relinquished his role on the board of fashion retailer New Look.
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NewsCo-op completes £137.5m swoop for c-store rival Nisa
The Co-op has formally completed its £137.5m acquisition of symbol group Nisa.
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NewsAgenda: Morrisons, Next and Superdry update the market
Retail Week looks ahead to the next seven days, with updates from Morrisons, Next and Superdry on the agenda.
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AnalysisAnalysis: Sainsbury’s-Asda merger’s property problem
Sainsbury’s proposed merger with Asda is almost certain to come under scrutiny from the competition watchdog amid concerns over how it could restrict consumer choice.
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NewsHouse of Fraser launches CVA to secure fresh investment
House of Fraser is the latest retailer to launch a CVA as it bids to strip costs out of the business and secure a new shareholder.
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OpinionOpinion: Baldock takes bull by horns at Dixons Carphone
Dixons Carphone’s top team has transformed beyond recognition as a mass exodus has paved the way for a fresh start at the retailer.
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NewsConviviality rejected last-minute rescue offer
Conviviality, the drinks retailer that collapsed into administration last month amid management chaos, turned down a last-minute rescue proposal.
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AnalysisAnalysis: Why Sainsbury’s and Asda are joining forces
Retail’s potential new dream team made its debut in the City today, lifting the lid on the rationale behind the proposed Sainsbury’s-Asda mega merger.
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NewsSainsbury's details plans for landmark merger with Asda
Sainsbury’s has lifted the lid on the details of its proposed merger with Walmart-owned Asda – a landmark deal that will create a supermarket powerhouse with more than 2,800 stores.
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NewsYours Clothing back in the black as sales swell
Plus-size fashion firm Yours Clothing returned to profit in its last full year as its omnichannel strategy started to bear fruit.
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AnalysisSainsbury's-Asda merger: The £10bn questions
Sainsbury’s and Asda sent shockwaves through the industry today when it emerged the supermarket giants were in “advanced talks” over a £10bn mega-merger.
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NewsSainsbury’s and Asda in shock talks over £10bn merger
Sainsbury’s and Asda are in shock talks over a £10bn merger to create a grocery retail powerhouse.
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NewsConsumer confidence down as personal finance woes hit
Consumer confidence dropped once more in April, as the general public anxiety over personal finances increased.
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NewsAmazon profits double in first quarter as sales surge
Amazon’s profits and sales have surged in its first quarter, surpassing analyst expectations and causing its share price to soar.
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NewsAgenda: Sainsbury's and Next update the market
Retail Week looks ahead to the next seven days, with updates from Sainsbury’s and Next on the agenda.
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NewsCarpetright creditors vote in favour of CVA
Carpetright has overcome a major hurdle in its bid to launch a company voluntary arrangement (CVA) after its creditors voted in favour of the proposals.
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NewsPoundworld plots up to 100 store closures in CVA plan
Poundworld is preparing to launch a CVA, which could see it close up to a quarter of its store estate.