Latest finance news – Page 203
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NewsBoohoo to snap up Karen Millen and Coast in pre-pack
Online fast fashion retailer Boohoo is reportedly on the verge of buying high street fashion brands Karen Millen and Coast out of administration.
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NewsRetail sales return to growth, but consumer spending languishes
Retail sales returned to growth in July but BRC boss Helen Dickinson warned that consumer spending is continuing to languish after a “punishing few months” for the sector.
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NewsSports Direct buys Jack Wills out of administration
Struggling fashion retailer Jack Wills has been bought out of administration by Sports Direct, following a tussle between Mike Ashley and fellow retail tycoon Philip Day’s Edinburgh Woollen Mill Group.
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NewsDay in late bid to avoid Jack Wills administration
Edinburgh Woollen Mill owner Philip Day is reportedly trying to keep Jack Wills out of administration as he seeks to pip Mike Ashley to a deal for the struggling retailer.
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NewsFlying Tiger calls time on store openings after profits hit
Flying Tiger Copenhagen has halted UK store openings after a plunge in profits.
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NewsNaked Wines aims for Nasdaq stock exchange listing
Naked Wines is understood to be considering a listing on New York’s Nasdaq stock exchange following last week’s sale of its Majestic Wine business.
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NewsJack Wills sale nears as Ashley and Day circle
Jack Wills is on the verge of being snapped up by either Mike Ashley or Philip Day, as the two tycoons do battle for the beleaguered business.
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NewsAgenda: Farfetch and BRC-KPMG retail sales figures
Retail Week looks ahead to the next seven days with updates from Farfetch and the latest BRC retail sales figures on the agenda.
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NewsMajestic boss: Fortress ‘our preferred bidder from the beginning’
The managing director of Majestic Wine has said that the business’ new buyers were his preferred bidder and were the most engaged with the brand and its plans for growth.
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NewsWhite Stuff profits dented by digital spend and discounting
White Stuff has suffered a fall in full-year profits after ramping up investment in digital marketing and “higher than planned” levels of discounting.
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NewsGoals Soccer Centres uncovers ‘improper behaviour’
Following an ongoing investigation into the historic accounting practices of Goals Soccer Centres, the company’s full-year 2018 audit has been suspended.
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NewsWish.com valued at $11bn in new fundraising
Mobile shopping specialist Wish has completed a new round of fundraising valuing it at $11.2bn.
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NewsIntu boss promises to stand firm on Primark rent reductions
The chief executive of Intu has said that the landlord will stand firm should Primark or any other retailer request rent reductions on schemes in line with those who have recently undergone CVAs.
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NewsScS ‘continues to outperform’ in tough climate
ScS expects its full-year results to be in line with expectations as like-for-like order intake growth has increased consecutively for two years.
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NewsWestfield’s UK income hit by retail CVAs and leasing delays
Westfield’s UK rental income over the first half of the year fell amid an increase in vacancies due to the rash of retail CVAs and administrations and delays with leasing due to Brexit.
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NewsApple profits drop amid slump in iPhone sales
Apple has suffered a drop in quarterly profits sparked by a further decline in sales of iPhones.
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NewsTravis Perkins firms up plans to offload Wickes
Travis Perkins has firmed up plans to offload DIY chain Wickes – and hopes to complete the demerger within the next year.
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NewsIntu launches ‘transformational’ strategy as rental income slumps
Shopping centre owner Intu has launched what it has dubbed a “transformational” five-year strategy as it bids to arrest tumbling rental income and asset values.
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NewsNext ups profit guidance as second-quarter sales rise
Next has increased its full-year profit guidance after reporting a rise in sales during its second quarter.
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NewsConsumer confidence rallies as shoppers show ‘resilience’
Consumer confidence edged up in July, with increases recorded across all but one measure.