Latest finance news – Page 210
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NewsPension watchdog demands £50m more from Arcadia
The pension watchdog is calling for an extra £50m injection from Arcadia into its retirement scheme in exchange for votes to prevent the failure of its financial restructuring proposal.
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NewsAgenda: AO.com, Card Factory and Joules update the market
Retail Week looks ahead to the next seven days with updates from AO.com and Card Factory and the result of the Arcadia CVA vote on the agenda.
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NewsConsumer confidence negative but rising in May
Consumer confidence remained negative in May, but did increase across four measures, according to the GfK Consumer Confidence Index.
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NewsMountain Warehouse eyes store expansion as profits grow
Mountain Warehouse has posted its 22nd year of consecutive sales growth and committed to investing in its bricks-and-mortar presence, both in the UK and internationally.
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NewsMonsoon landlords call for equity stake ahead of CVA
A number of landlords have written to Monsoon demanding an equity stake in the business, in return for supporting any company voluntary arrangement.
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NewsBig four shopping centre landlords face 'long-term risk' from CVAs
One fifth of shopping centre floorspace being let by the four biggest real estate investment trusts is to retailers in administration or with shrinking sales, according to new analysis by UBS.
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NewsWatches of Switzerland boss targets US expansion after IPO
The boss of Watches of Switzerland has said the US offers “more potential” for growth, following the business’ float on the London Stock Exchange this morning.
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NewsWatches of Switzerland floats with £647m valuation
Specialist retailer Watches of Switzerland has floated on the London Stock Exchange at 270p per share, giving the retailer a market capitalisation of £647m.
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NewsArcadia refuses to pay more into pensions as CVA hangs in balance
Arcadia is refusing to pump more cash into its pension deficit as part of its CVA proposal, despite increasing fears pension regulators could vote against the group’s restructuring plan.
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NewsReiss denies majority stakeholder looking to sell
Reiss has categorically denied recent media speculation that private equity firm and majority stakeholder Warburg Pincus is looking to sell the retailer.
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NewsShop price inflation rate second highest in six years
Shop prices increased during May at the second highest rate in the past six years, driven by non-food inflation and “spiralling” business property tax.
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NewsPoundland owner posts sales rise as value chain ‘outperforms’
Pepkor Europe, owner of businesses including Poundland in the UK, has reported a rise in quarterly and half-year sales.
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NewsSelect administrators launch CVA
Select has filed proposals for a CVA in order to slash rents, after it fell into administration earlier this month.
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NewsMonsoon founder pledges £34m to secure CVA
Monsoon founder Peter Simon has offered £34m worth of rescue funds in a bid to win approval for rent reductions from landlords as part of a CVA.
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NewsGreen offers £185m in assets for Arcadia pension black hole
Sir Philip Green has offered £185m in additional funds primarily made up of property assets to reduce Arcadia’s pension deficit in a bid to win approval for its CVA.
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NewsDebenhams to close only Australian store next year
Debenhams is set to close its one department store in Australia by the beginning of next year.
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NewsAgenda: Pepkor Europe and GFK consumer confidence
Retail Week looks ahead to the next seven days with an update from Pepkor Europe and GFK’s latest consumer confidence survey on the agenda.
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NewsMothercare heralds ‘sounder footing' despite swelling losses
Mothercare has insisted that it is on firmer financial footing despite increased losses.
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NewsShares in Ocado partner Casino suspended as debt mounts
Shares in Casino – the French grocery giant that has partnered with Ocado – and its parent company Rallye have been suspended as concerns mount over their debt piles.
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NewsB&M profits rise driven by rapid store expansion
B&M has posted a jump in full-year profits despite ongoing struggles in the German market, driven by its rapid store expansion programme.