Latest finance news – Page 220
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NewsDebenhams warns on profits as funding discussions continue
Debenhams has warned that profits are likely to come in behind expectations as it discusses funding options to restructure its balance sheet.
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NewsRetail sales hit by uncertainty around Brexit
Retail sales slipped in February as lingering Brexit uncertainty dented consumer spending.
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NewsFindel rejects Sports Direct takeover bid
Findel has rejected the £139m takeover bid that Sports Direct lodged earlier today.
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NewsSports Direct lodges £139m bid for Findel
Sports Direct has made a takeover bid for online retailer Findel, valuing the business at just under £140m.
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NewsSuperdry: Dunkerton’s return would lead to resignations
Superdry’s management has hit out at founder Julian Dunkerton’s move to call an emergency general meeting, designed to appoint him as a company director.
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NewsBetter Bathrooms tumbles into administration
Better Bathrooms has slumped into administration after suffering “severe cashflow difficulties”, sparking the loss of more than 320 jobs.
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NewsAgenda: John Lewis, Kantar Nielsen and BRC-KPMG
Retail Week looks ahead to the next seven days, with John Lewis Partnership, BRC-KPMG retail sales and the Kantar Nielsen grocery share data all on the agenda.
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NewsJulian Dunkerton musters support for Superdry coup
Superdry co-founder Julian Dunkerton has called on Superdry to hold a general meeting in a bid to convince shareholders to appoint him and Boohoo chair Peter Williams to the board.
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NewsLK Bennett to appoint administrators with 500 jobs at risk
LK Bennett has filed notice to appoint administrators, putting 500 jobs at the premium fashion retailer at risk.
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NewsPepkor Europe’s revenues soar in first quarter
Pepkor Europe’s sales rose over the last quarter, with growth driven by Pepco and Poundland sales broadly flat.
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NewsFarfetch sales rocket in ‘blockbuster' year
Farfetch has reported soaring sales in what founder, chief executive and co-chair José Neves described as a “blockbuster” year.
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NewsConsumers ‘stoic' as exit from the EU nears
Consumers are taking a stoic approach to the uncertainty surrounding Brexit, with consumer confidence rising in February.
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NewsRowe: Ocado deal 'boldest moment' of M&S transformation
Marks & Spencer boss Steve Rowe has hailed the retailer’s online grocery venture with Ocado as the “biggest and boldest moment” in its digital transformation plan.
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NewsTed Baker cautions on profits amid currency movements
Ted Baker has cautioned full-year profits will come in below expectations after being “adversely affected” by non-cash factors.
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NewsShop price inflation rates highest in six years
The rate of shop price inflation hit a six-year high in February due to economic uncertainty and ongoing supply chain issues.
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NewsHotel Chocolat posts rise in first-half profits
Hotel Chocolat has reported an increase in interim earnings after delivering a strong Christmas.
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NewsWickes takes profit hit in ‘extremely challenging’ year
Profits at Travis Perkins’ retail division – DIY giant Wickes and specialist retailer Tile Giant – fell last year in “extremely challenging” market conditions.
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NewsHammerson to splash cash on events to drive footfall
Shopping centre landlord Hammerson will ramp up investment in events and hotels as it bids to tackle ailing footfall and sales.
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NewsHammerson ramps up sell-off ambitions as profits fall
Hammerson has posted a decline in its full-year property values in what boss David Atkins described as “a tough year, particularly for the UK”.
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NewsPrimark interim sales rise bolstered by UK
Primark has reported an uplift in sales at the half-year mark but like-for-likes slipped due to a slowdown in Europe.