Latest finance news – Page 212
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NewsBritish Land retail portfolio value takes hit
Property giant British Land has reported a rise in rental growth, but the value of its portfolio has taken a hit.
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NewsMoss Bros' sales boost driven by ecommerce
Menswear retailer Moss Bros has recorded a sales rise despite facing tough trading conditions.
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NewsB&Q owner Kingfisher posts quarterly sales rise
DIY giant Kingfisher has posted a sales advance in its first quarter, when the UK business outperformed the French division.
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NewsWalmart's Judith McKenna: We're focused on Asda's future
Walmart International boss Judith McKenna has insisted the business is committed to driving Asda’s strategic plan following the collapse of its proposed merger with Sainsbury’s.
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NewsLandsec losses widen despite sales increase
Landsec recorded widening full-year losses against a backdrop of what boss Robert Noel described as “well-publicised difficulties in the retail market”.
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NewsCotswold Outdoor owner's CVA approved
Cotswold Outdoor owner Outdoor & Cycle Concepts has won approval for its CVA by a majority of over 97% of creditors.
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NewsBoots full-year profits slide as sales dip
Boots has recorded a fall in its full-year profits as its sales and margins were eroded by stiff competition from its rivals.
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NewsSelect to launch CVA proposal this week
Select has confirmed it will launch a CVA at some point this week after falling into administration earlier this month.
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NewsTesco to cull brands as Dave Lewis repeats call for online retail tax
Tesco is preparing for another round of sweeping cuts to the number of brands it stocks on its shelves, as boss Dave Lewis reiterates calls for an online sales levy to even the playing field for bricks-and-mortar retailers.
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NewsRetailers slip down The Sunday Times Rich List
A number of retailers, including Sir Philip Green, have tumbled down this year’s The Sunday Times Rich List as turbulent conditions on the high street take a toll on personal fortunes.
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NewsAshley to invest millions in upgrading House of Fraser stores
Mike Ashley has pledged to invest hundreds of millions of pounds into House of Fraser in exchange for three-year rent holidays on the redeveloped stores.
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NewsAgenda: Asda, Kingfisher and Burberry update the market
Retail Week looks ahead to the next seven days with updates from Asda, Kingfisher and Burberry on the agenda
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NewsWilko swings to full-year profit despite sales dip
Wilko has posted a return to profit in its full-year results, driven by a cost-cutting drive.
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NewsSelect in administration after 'horrendous' Christmas
Select has collapsed into administration, leaving the future of its 169 stores and 1,800 employees hanging in the balance.
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NewsHamleys sold to Indian franchise partner
Hamleys has been snapped up by Indian titan Reliance Industries in a £70m deal.
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NewsDebenhams creditors give CVA green light
Debenhams’ creditors have approved the department store chain’s CVA, paving the way for it to close 22 stores next year.
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NewsDebenhams remains in hands of lenders after failed sale process
Debenhams’ sale process ended yesterday with no acceptable bids received as the department store’s creditors, investor consortium Celine, confirmed its commitment to the business.
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NewsMorrisons wholesale arm drives like-for-like rise in first quarter
Morrisons has unveiled positive like-for-like sales in the first quarter for the fourth consecutive year, driven by the strength of its wholesale business.
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NewsThe Works celebrates ‘successful year’ as revenues soar
The Works has cautioned full-year profits would come in at the lower end of expectations despite hailing a “successful year” of sales growth.
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NewsSuperdry issues profit warning
Superdry has issued a profit warning, after cautioning full-year profits would come in “lower than the current range of market expectations”.