Latest finance news – Page 248
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NewsAgenda: Sainsbury's and Next update the market
Retail Week looks ahead to the next seven days, with updates from Sainsbury’s and Next on the agenda.
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NewsCarpetright creditors vote in favour of CVA
Carpetright has overcome a major hurdle in its bid to launch a company voluntary arrangement (CVA) after its creditors voted in favour of the proposals.
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NewsPoundworld plots up to 100 store closures in CVA plan
Poundworld is preparing to launch a CVA, which could see it close up to a quarter of its store estate.
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NewsWaterstones sold to private equity house Elliott Advisors
Waterstones has been sold for an undisclosed sum to funds managed by Elliott Advisors UK.
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NewsN Brown profits inch up in tough market
N Brown has reported a rise in profits and sales amid a “challenging” market.
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NewsBoohoo full-year profits surge as sales double
Boohoo has unveiled stellar full-year results driven by an “exceptional performance” at PrettyLittleThing.
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NewsSmyths pushes into Europe as it buys Toys R Us stores
Smyths Toys has struck a deal to buy the Toys R Us business in Germany, Austria and Switzerland.
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NewsCarpetright investor builds stake ahead of CVA vote
Carpetright’s biggest investor, hedge fund Meditor Capital Management, has upped its stake in the retailer almost to the level that would oblige it to make a formal takeover offer.
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NewsCo-op's £137.5m Nisa deal given green light by CMA
The Co-op’s £137.5m acquisition of convenience retailer and wholesaler Nisa has been given the green light by the competition watchdog.
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NewsAgenda: Boohoo, N Brown and Carpetright's CVA vote
Retail Week looks ahead to the next seven days, with updates from Booho and N Brown and Carpetright’s CVA vote on the agenda.
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News
Bonmarché sales fall as store performance slumps
Bonmarché has suffered a decline in full-year sales as online growth failed to offset “disappointing” performance across its store portfolio.
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NewsHouse of Fraser drafts in advisers as it mulls CVA
House of Fraser has drafted in advisers as the embattled department store business ramps up its turnaround plans.
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NewsMothercare chairman steps down with immediate effect
Mothercare chairman Alan Parker has left the post with immediate effect.
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NewsDebenhams speeds up revival strategy as profits plunge
Debenhams is to accelerate its turnaround programme and has reported a steep fall in first-half profits.
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NewsNew Look dealt fresh blow as credit insurance cut
New Look has had its credit insurance cut just weeks after a company voluntary arrangement (CVA) aimed at improving its fortunes was voted through.
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NewsHammerson board makes U-turn on £3.4bn Intu deal
Hammerson has made a dramatic U-turn on its proposed acquisition of Intu, claiming the deal is “no longer in the best interests of shareholders”.
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NewsPrimark like-for-likes hit but UK market holds up
Primark’s global like-for-likes were hit by both warm and cold weather during its half year but the UK market generated increased comparative sales.
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NewsJD profits and sales soar as global expansion pays off
JD Sports’ profits and sales have rocketed over its full year as international deals generated a record period.
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NewsSelect to slash rents as CVA voted through
Select’s creditors have voted through a CVA designed to cut its rental costs and save 2,000 jobs.
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NewsBurberry names former Kingfisher boss as new chairman
Burberry has named former Kingfisher chief executive Gerry Murphy as chairman designate.