Latest finance news – Page 222
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NewsNew Look profits spike amid third quarter sales fillip
New Look has registered an increase in sales during the crucial Christmas quarter as the business hailed “continued progress” with its turnaround plan.
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NewsLiberty owner eyes sale of department store
Liberty has reportedly been put up for sale by its major shareholder, nearly a decade after it last changed hands.
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NewsOpinion: Ashley’s Patisserie Valerie U-turn is part of an odd recipe
Sports Direct founder Mike Ashley’s acquisitive streak took a turn to the even more bizarre last week.
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NewsOffice profits slide as HoF demise hits sales
Office has recorded a steep decline in its full-year profits as sales were hampered by House of Fraser’s collapse and the wider consumer spending slowdown.
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NewsDebenhams secures £40m credit facility extension
Debenhams has extended its credit facility to buy the ailing department store chain time to finalise its financial restructuring plans.
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NewsCMA extends deadline for final Sainsbury’s-Asda findings
The competition watchdog has extended the deadline for its final report into the proposed Sainsbury’s-Asda merger.
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NewsIceland eyes moves for Sainsbury's and Asda stores
Iceland is considering swooping on stores that Sainsbury’s and Asda might be forced to sell as a result of their proposed merger.
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NewsAshley walks away from Patisserie Valerie bid
Sports Direct boss Mike Ashley has withdrawn from the bidding for Patisserie Valerie, just two days after revealing he had made an offer for the troubled café chain.
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NewsAgenda: Brexit debate, and Dunelm updates the market
Retail Week looks ahead to the next seven days, with potential Brexit amendment votes and Dunelm on the agenda.
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NewsMySale warns of first half loss as revenues slump
MySale has warned it expects to post a first-half loss amid “challenging” trading conditions.
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NewsSuperdry posts third-quarter sales fall
Fashion retailer Superdry has reported a fall in quarterly sales.
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NewsMade.com posts sales jump in ‘record’ year
Furniture etailer Made.com’s full-year UK revenue hit £100m for the first time in what boss Philippe Chainieux heralded as “a strong year”.
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NewsUnilever snaps up healthy snacking firm Graze
Unilever has acquired Graze for a reported £150m after fending off interest from FMCG giants such as Pepsi and Kellogg’s.
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NewsHMV's 27 store closures revealed
HMV administrator KPMG has named the 27 stores set to close, including the retailer’s Oxford Street flagship.
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NewsOcado boss refuses to rule out M&S deal
Ocado chief executive Tim Steiner has refused to rule out cutting short the online grocer’s current deal with Waitrose in favour of Marks & Spencer.
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NewsHMV sold to Canadian music retail tycoon
Entertainment retailer HMV has been acquired by Canadian music mogul Doug Putman.
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NewsOcado promises ‘long-term value’ as profits fall
Online grocer Ocado has recorded a fall in full-year profits but said its growth story “is only just beginning”.
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NewsCanadian buyer is front-runner for HMV
A Canadian record store retailer is the front-runner to buy HMV and could dash Mike Ashley’s hopes of acquiring yet another ailing high street name.
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NewsOddbins calls in administrators, 550 jobs at risk
Oddbins has tumbled into administration putting 550 jobs at stake.
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NewsAgenda: Ocado and Superdry update the market
Retail Week looks ahead to the next seven days with updates from Ocado and Superdry on the agenda.