Latest finance news – Page 216
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NewsDunelm delivers ‘strong' third-quarter sales growth
Dunelm has recorded a rise in its third-quarter sales as the retailer was spurred by an uplift in sales across its stores and online.
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NewsAshley labels Debenhams administration ‘national scandal'
Sports Direct founder and Debenhams’ largest shareholder Mike Ashley has vowed to “save as many Debenhams stores and jobs as I can” in an explosive stock exchange announcement.
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NewsChinese firm closes in on LK Bennett acquisition
A Chinese firm which supplies LK Bennett is closing in on a deal to buy the beleaguered fashion retailer from administrators.
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NewsDebenhams' lenders poised to take control as Sports Direct spurned
Debenhams’ lenders are expected to take control of the department store group after conditions for further funding were not met and no deal was struck with potential buyer Sports Direct.
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NewsPre-pack looms as Debenhams shuns Ashley
Debenhams has rejected Sports Direct’s offer to underwrite a £150m equity issue, bringing the department store business one step to closer to pre-pack administration.
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NewsAshley offers to underwrite Debenhams equity issue
Sports Direct boss Mike Ashley proposed to underwrite a £150m equity raise for existing Debenhams shareholders but has also called for members of the department store group’s board to take a lie detector test.
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NewsAgenda: Tesco, Asos and WHSmith update the market
Retail Week looks ahead to the next seven days with Tesco, Asos, WHSmith and Dunelm update on the agenda
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NewsPrivate equity 'has no place in retail', argues Knight Frank
A new report has lambasted the “traditional private equity” model, saying it has no place in the retail sector.
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NewsNew Look operations boss Monaghan exits
New Look managing director of group operations Dan Monaghan will depart the business in a senior management team restructure, Retail Week can reveal.
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NewsCo-op revival continues as profitability ‘exceeds expectations’
The Co-op has said its profitability “exceeded expectations” in 2018, driven by its acquisition of grocery wholesaler Nisa and strong performance in food.
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NewsFormer Superdry boss Sutherland in line for £730,000 payoff
Superdry’s former chief executive Euan Sutherland is set to receive a £730,000 payoff from the fashion brand, after his resignation at the reappointment of Julian Dunkerton.
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NewsJD Sports buys Pretty Green out of administration
JD Sports has snapped up Liam Gallagher-founded fashion retailer Pretty Green days after administrators were appointed.
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NewsAO sales peak as Europe drives growth
AO.com expects revenues to rise this year thanks to a growth spurt in Europe.
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NewsMothercare sales fall as it claims 'significant progress'
Mothercare like for likes fell in its fourth quarter but the retailer hailed “significant strategic progress and full-year profit in line with market expectations”.
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NewsBoots owner suffers 'most difficult quarter'
Boots owner Walgreens Boots Alliance has slashed earnings guidance following the “most difficult quarter” since its creation in 2014.
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NewsOffice Outlet axes stores and jobs as sale hopes fade
Office Outlet is to shutter 16 stores and axe 160 jobs after administrators conceded that hopes of selling the business were fading.
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NewsDunkerton victorious in Superdry board battle
Superdry co-founder Julian Dunkerton is poised to return to the business following an EGM showdown with the board today.
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NewsPhilip Day makes £5.7m swoop on Bonmarché
Philip Day has launched a takeover bid for Bonmarché after swooping on more than half of the embattled retailer’s shares.
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NewsFindel garners Schroders support as it fights off Ashley
Online shopping retailer Findel has won the support of its second-largest shareholder, institutional investor Schroders, in a showdown with Mike Ashley.
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NewsRetailers implore MPs to tackle business rates 'madness'
Retailers have called on the government to tackle the “madness” of the business rates system to stop it from “strangling our high streets”.