All City & finance articles – Page 304
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OpinionOpinion: Value retailers face intense battle for the pennies never mind pounds
As Kevin O’Byrne prepares to settle into the chief executive’s chair at Poundland, it’s not just personnel that are changing in the value variety store market.
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NewsBHS collapse could cost its creditors £1.3bn, CVA document warns
BHS has told its creditors they could lose up to £1.3bn if they do not agree to proposals to slash the beleaguered retailer’s rents.
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NewsBHS: The 40 stores facing closure unless landlords agree to slash rents
BHS is seeking rent reductions on half of its stores through a creditors voluntary arrangement (CVA) as it bids for a turnaround.
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NewsBeales could shutter stores as it launches CVA to slash rents
Beales is seeking rent reductions on around a third of its stores after claiming some shops have been “hampered by expensive legacy leases.”
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DataData: Retail share price index – March 4, 2016
March 4, 2016: This week’s data on the biggest risers and fallers plus a comprehensive list of share price results in the retail sector.
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NewsSir Philip Green in talks with government agency over BHS pensions deficit
Sir Philip Green is believed to have been asked to contribute to the cost of rescuing ailing BHS’s pension scheme, according to reports.
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NewsDreams’ profits and sales rocket as three-year plan takes hold
Beds specialist Dreams’ full-year profits have more than tripled after strong sales as its turnaround plan remains on track.
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DataData: The top 50 retailers by sales during the 2014/15 financial year
Retail Week’s ranking of the UK’s top 50 retailers by sales for the 2014/15 financial year sees some changes to the top 10.
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OpinionOpinion: Expect the unexpected in the ever-changing world of retail
Surprises such as Sainsbury’s interest in Argos and Morrisons’ tie-up with Amazon signal more momentous change to come
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AnalysisAnalysis: BHS’s CVA – new dawn or false dawn for famous high street name?
BHS chief executive Darren Topp speaks exclusively to Retail Week about why he believes the department store group has a future.
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NewsSainsbury's clarifies option of hostile bid for Argos owner Home Retail
Sainsbury’s has opened the door to a potential hostile bid for Argos-owner Home Retail after clarifying its position in the battle for the retailer.
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NewsAgenda: John Lewis and Morrisons full-years, and Home Retail updates
Retail Week looks ahead to next week with full-year figures from John Lewis and Morrisons and Home Retail’s fourth-quarter update on the agenda.
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NewsBHS threatens store closures as it launches CVA to cut costs
BHS is seeking rent reductions on more than half of its estate and has warned it will otherwise be unable to meet financial obligations.
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NewsWhistles boss Jane Shepherdson hires KPMG to find new investors
Whistles chief executive Jane Shepherdson is on the hunt for a new investor for the fashion retailer, according to reports.
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NewsWickes full-year sales and profits rise as it 'gains market share'
Travis Perkins’ consumer division, which largely comprises Wickes, reported rising profits and sales for the full year.
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NewsSports Direct disappears from FTSE100 as Morrisons re-enters
Sports Direct has officially dropped out of the FTSE100, while grocery giant Morrisons has re-entered the index after a short absence.
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NewsSports Direct set to drop out of FTSE100 while Morrisons could return
Sports Direct is expected to drop out of the FTSE100, while Morrisons could replace the under-fire retailer in the index.
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NewsPoundland appoints ex-B&Q head as new boss as Jim McCarthy steps down
Poundland has unveiled a change at the top with long-serving boss Jim McCarthy to be replaced by former B&Q chief Kevin O’Byrne.
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NewsMcColl's to extend Subway pilot as it bolsters food-to-go offer
McColl’s is extending its pilot with fast-food giant Subway as it presses ahead with plans to enhance its food-to-go proposition.
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NewsMySale posts first-half profit as improvements to business take hold
MySale, the fashion etailer, has posted an improved first-half performance as strategic initiatives bore fruit.