Latest finance news – Page 197
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NewsBonmarché tumbles into administration placing thousands of jobs at risk
Bonmarché has tumbled into administration, with its boss blaming “a period of historic difficulty” on the high street for its demise.
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NewsAgenda: Travis Perkins, Shoe Zone and Shop Direct update the market
Retail Week looks ahead to the next seven days with updates from Travis Perkins, Shoe Zone and Shop Direct on the agenda.
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NewsFenwick swings to loss as boss Feather fashions its future
Fenwick has swung to a loss after suffering a slump in sales during a “challenging year for retail”.
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NewsWHSmith unveils $400m Marshall Retail acquisition as profits edge up
WHSmith is set to double the size of its international travel business with the acquisition of US travel chain Marshall Retail, as it unveiled full-year sales and profit growth.
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NewsHome Bargains profits climb as it plans to double store footprint
Home Bargains’ full-year sales passed the £2.5bn milestone as the business ramps up for aggressive bricks-and-mortar expansion.
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NewsJobs at risk as Jessops approaches administrators for property arm
Photographic retailer Jessops has approached administrators in a bid to salvage its struggling property arm.
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NewsRetail business rates to increase by £137m
The BRC has warned that retailers face a £137m business rates hike from next April based on the latest figures from the government’s consumer price index (CPI), which will pile more pressure on the sector.
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NewsMatalan profits dampened by ‘awful’ spring weather
Matalan has suffered a drop in second-quarter profit as political uncertainty and “awful” weather during spring dented earnings.
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NewsAgenda: Asos, WHSmith update the market
Retail Week looks ahead to the next seven days with updates from Asos and WHSmith on the agenda.
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NewsQuiz laments ‘challenging’ market as store sales slump
Quiz has suffered a fall in sales during its first half as “very challenging” conditions on the high street impacted its top line.
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NewsAnalysis: Notonthehighstreet profits climb despite flat sales
Notonthehighstreet.com has recorded a jump in full-year operating EBITDA spurred by cost efficiencies as the business gears up for growth.
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NewsDunelm sales rise after ‘particularly strong’ first quarter
Dunelm saw both like-for-like and total sales increase in what it described as a “particularly strong” first quarter of trading.
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NewsN Brown back in the black as online powers growth
N Brown reported a return to profit in its interim results, citing its focus on ecommerce as one of the key reasons for its turnaround.
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NewsMade.com losses widen despite ‘record’ sales
Made.com’s losses widened despite posting record full-year sales bolstered by international expansion and redevelopment of its flagship London showroom.
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NewsDebenhams wins £50m backing to fund peak trading
Department store group Debenhams has secured an additional £50m of funding that will enable it to trade at full-tilt over the vital Christmas period, Retail Week can reveal.
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NewsLinks of London tumbles into administration
Jewellery chain Links of London has tumbled into administration, putting up to 350 jobs at risk in what is another blow to the ailing UK high street.
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NewsKingfisher appoints new finance chief
DIY giant Kingfisher has named Bernard Bot as its new chief financial officer.
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NewsTapi losses widen as store rollout grinds to a halt
Tapi has reported widening full-year losses, as its accelerated store rollout programme begins to slow down.
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NewsAngling Direct posts first-half profits rise
Angling Direct has reported a rise in interim sales and profits and said it will meet full-year expectations.
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NewsHarrods boss warns on dangers of Corbyn government as profits slip
Harrods managing director Michael Ward has voiced fears that a Corbyn administration would impose money exchange controls to stop cash flowing overseas and that wealthy customers would take fright.