All City & finance articles – Page 319
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NewsPoundland acquisition of rival 99p Stores provisionally approved by CMA
Poundland’s acquisition of rival retailer 99p Stores has been provisionally approved by the Competition and Markets Authority (CMA).
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AnalysisAhold reveals steady second-quarter growth as sales rise 3.1%
Dutch market leader Ahold has seen net sales increase 3.1% to €8.69bn (£6.34bn) at constant exchange rates in its second quarter.
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NewsTesco could delay sale of Korean business as local currency slides
Tesco could earn less than expected from the sale of its Korean business – and could delay the sell-off – after a slide in the local currency.
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NewsNew BHS owner Retail Acquisitions seeks £70m to fund turnaround
Retail Acquisitions, the new owner of BHS, aims to raise about £70m from the City to fund the retailer’s turnaround plans.
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NewsGadgets retailer Menkind plans expansion after buying competitor Red5
Gadgets and gifts specialist Menkind has bought counterpart Red5 and plans expansion in the UK and overseas.
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NewsBreakfast briefing: Retail news on Tesco's Homeplus, BHS and Phones 4U
Retail news round-up on August 24, 2015: Private equity firms team up to bid for Tesco’s Homeplus and BHS seeks £70m for revival.
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VideoThe Retail Week: Asda's Q2 'nadir', Morrisons M Local and Amazon workplace
Catch up on the week’s top stories with reporter Luke Tugby and director of retail insights at Kantar Retail Bryan Roberts.
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NewsFat Face boss on how board reshuffle paved way for online and US growth
Fat Face boss Anthony Thompson has revealed how a board restructure has set the business up for US expansion and online growth.
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NewsFat Face EBITDA falls as retailer plots expansion into the US
Fat Face said its full-year EBITDA dropped 7.1% to £36.5m because of increased investment and “unseasonably warm weather” in its second quarter.
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NewsThe Fragrance Shop records profits and sales jump as expansion continues
The Fragrance Shop has recorded a surge in sales and profits during the year as it continues its aggressive expansion plans.
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NewsWHSmith reveals travel business is booming as passenger numbers increase
WHSmith has revealed its travel business has delivered a strong performance in its second half after a growth in passenger numbers.
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NewsSpanish department store El Corte Inglés faces internal revolt over sale
A disgruntled shareholder of El Corte Inglés has slammed the group’s plans to sell a stake in the business to a Qatari investor.
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NewsConvenience veteran behind bid for Morrisons' M Local c-stores
Convenience retail veteran Mike Greene is spearheading the proposed acquisition of Morrisons’ M Local stores, Retail Week understands.
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NewsAndy Clarke: Asda on an "upward curve" after worst sales slump in 50 years
Asda boss Andy Clarke admits the grocer has reached its lowest ebb after reporting the worst quarterly sales slump in its 50-year history.
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NewsAsda Q2 like-for-likes fall 4.7% but boss Andy Clarke vows to stay put
Asda has reported a 4.7% fall in like-for-like sales in its second quarter but boss Andy Clarke has dismissed speculation over his future.
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NewsMcColl's amends £85m revolving credit facility to support growth
McColl’s has signed an amended £85m revolving credit facility for two years as the convenience group continues to eye new stores.
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NewsThe convenience market may be growing but Morrisons is right to sell stores
Morrisons’ likely disposal of its M Local convenience chain looks odd at face value but makes sense in the context of the grocer’s wider business.
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NewsH&M reports tenth consecutive month of double-digit sales growth
H&M has posted its tenth consecutive month of double-digit growth, driven by website improvements and broadened ranges.
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NewsFerrero completes £112m acquisition of chocolatier Thorntons
Italian confectioner Ferrero has completed its £112m takeover of Thorntons – and pledged to maintain the chocolatier’s name.
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VideoWatch: Morrisons’ M Local convenience misadventure in 60 seconds
Morrisons is seeking a buyer for its M Local convenience stores less than three years after the format’s launch. What went wrong?