Latest finance news – Page 238
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NewsM&Co sales rise but profits remain flat
Value fashion retailer M&Co’s sales rose last year but profits remained stubbornly flat against a “challenging” backdrop.
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NewsBoden profits and sales rise driven by international
Boden has posted an increase in full-year profits and sales bolstered by a growing overseas customer base and strong womenswear performance.
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NewsPoundland puts Elvis on the checkout to drive sales
Poundland, which posted a dip in overall sales despite like-for-like momentum, has drafted in an Elvis Presley voiceover on its self-checkout machines to drives sales.
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NewsHomebase to axe 42 stores as creditors approve CVA
Homebase has been given the green light to shut 42 of its stores after its CVA plan was approved by creditors.
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NewsAgenda: Halfords, McColl’s and Dixons Carphone
Retail Week looks ahead to the next seven days, with updates from Dixons Carphone, Halfords and McColl’s.
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NewsConsumer confidence rises despite 'Brexit babble'
Consumer confidence rose in August as consumers remained calm despite frenzied speculation about the likelihood of a hard Brexit.
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NewsHouse of Fraser warehouses close again amid XPO row
House of Fraser’s distribution centres have closed for a second time amid the ongoing row between new owner Mike Ashley and XPO Logistics.
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NewsHouse of Fraser property plan details emerge
House of Fraser landlords are being offered a variety of options on stores under new owner Sports Direct.
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NewsHomebase landlords ponder legal action over CVA
A group of landlords is weighing up legal action over DIY retailer Homebase’s CVA plans, which will be voted on by creditors this Friday.
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NewsAgenda: WHSmith updates the market
Retail Week looks ahead to the next seven days, with a pre-close update from WHSmith.
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NewsBrexit: Warnings over higher card costs and more red tape
The Government has published the first technical notices for businesses on what will happen if no deal can be struck on Brexit with the EU.
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NewsSainsbury's-Asda: CMA kicks off investigation
The Competition and Markets Authority (CMA) has begun its investigation into the mega-merger between Sainsbury’s and Asda.
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NewsLaura Ashley profits dwindle despite fashion sales rise
Laura Ashley chairman Khoo Kay Peng was “disappointed” as rising fashion and online sales failed to offset a slump in the retailer’s preliminary profits.
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NewsGame sales flat as it expands arenas with Ashley
Game’s sales were flat last year but the business reported positive progress on its gaming arenas, on which it has partnered with Mike Ashley.
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NewsOffice Outlet launches CVA proposal
Office Outlet aims to shut four of its 95 stores in response to tough trading conditions.
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NewsCrew Clothing profits rocket as sales inch up
Crew Clothing performed well last year despite the current retail climate, with profits and sales both rising.
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NewsFarfetch unveils plans for IPO in New York
Farfetch, the luxury fashion specialist, is to float on the New York Stock Exchange.
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NewsHarrods’ Ward backs Ashley’s HoF turnaround ambition
Harrods managing director Michael Ward has spoken out in support of Sports Direct tycoon Mike Ashley’s ambitions to restore House of Fraser’s fortunes.
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NewsSports Direct deal was HoF’s only option, says EY
Sports Direct’s bid for House of Fraser was “the best and only offer capable of being completed”, according to administrator EY.