Latest finance news – Page 214
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NewsConsumer confidence still negative in April
Consumer confidence remained negative but stable during April, according to the GfK Consumer Confidence Index.
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NewsKurt Geiger owner weighs up sale to US fashion powerhouse
The owner of upscale shoe specialist Kurt Geiger is mulling a £450m sale of the retailer to a US fashion group.
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NewsArcadia bank to act as guarantor to suppliers
A banker to Sir Philip Green’s troubled Arcadia fashion empire has agreed to act as a guarantor to suppliers.
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NewsAgenda: Sainsbury's, Next and N Brown update the market
Retail Week looks ahead to the next six days with updates on the agenda from Sainsbury’s, Next and N Brown.
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NewsDebenhams launches CVA as torrid trading continues
Debenhams has launched its CVA proposal and revealed trading has continued to suffer, with like for likes spiralling in the six months to March.
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NewsCotswold Outdoor owner launches CVA in bid to slash rents
Cotswold Outdoor’s parent company Outdoor & Cycle Concepts has launched a CVA proposal in a bid to stem falling profits, Retail Week has learned.
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NewsAmazon posts record profits as first-quarter income doubles
Amazon has posted its fourth successive quarter of record profits as its first-quarter income more than doubled.
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NewsCarpetright 'will be profitable next year'
Carpertright is on track to be profitable next year after reporting a “significant improvement” in like for likes during its fourth quarter.
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News75,000 retail jobs lost in first three months of 2019
75,000 retail jobs were lost in the first quarter of the year, as bricks-and-mortar retailers continue to be affected by increasing online sales.
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NewsSainsbury's-Asda merger blocked by CMA
The CMA has blocked the proposed mega-merger between Sainsbury’s and Asda, which would have created a £10bn grocery giant.
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NewsBoohoo full-year profits surge as sales rocket
Boohoo has unveiled another stellar set of full-year results, as pre-tax profits grew 38% and sales soared.
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NewsPrimark profits jump due to higher margins and increased sales
Primark profits surged 25% during its half year, driven by higher margins and strong sales in its UK and European markets
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NewsDarren Topp returns to LK Bennett as chief executive
Former LK Bennett boss Darren Topp has been reappointed to the top job, following its acquisition by a Chinese partner.
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NewsDebenhams poised to launch CVA this week
Debenhams is poised to launch its CVA this week as it battles to secure its future, Retail Week has learned.
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NewsTopshop’s Green offers flagship as pension security
Topshop boss Sir Philip Green has proposed offering the flagship store on London’s Oxford Street as security to his Arcadia group’s pension funds as he seeks to restructure his fashion empire.
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NewsDebenhams sale process lambasted by Sports Direct’s Ashley
Sports Direct tycoon Mike Ashley has complained that the administrators of Debenhams are not conducting a “genuine” sale process.
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NewsReiss posts earnings rise as it reins in discounting
Reiss has reported an uplift in full-year sales and profits after it cut discounting and invested in operational improvements.
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NewsThe Hut Group snaps up luxury haircare brand Christophe Robin
The Hut Group has bolstered its haircare offer by acquiring French luxury haircare and wellbeing brand Christophe Robin.
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NewsIndian giant Reliance Retail circles Hamleys
Indian retail titan Reliance Retail is reportedly in late-stage talks with Hamleys to acquire the toy retailer.
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NewsAgenda: Primark, Boohoo and Carpetright update the market
Retail Week looks ahead to the next six days with Primark, Boohoo and Carpetright updates on the agenda