Latest finance news – Page 250
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NewsUpdated: Bestway buys Conviviality retail arm for £7m
Wholesaler Bestway has acquired the retail division of collapsed drinks company Conviviality in a deal worth around £7m.
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NewsFoyles flops back into the red as rates hit earnings
Family-owned books chain Foyles slipped back into the red last year as higher business rates knocked its bottom line.
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NewsCo-op back in the black as food like-for-likes rise
The Co-op returned to profit in 2017 on the back of strong food sales and the growth of its wholesale business.
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NewsAO World full-year sales spark as margins improve
AO World said sales and margins improved in its last full year, driven by strong trading at its fledgling European business and reduced advertising spend.
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NewsSainsbury’s bid speculation boosts Mothercare value
Reports that Sainsbury’s considered swooping on Mothercare has boosted the struggling babywear specialist’s share price.
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NewsAgenda: Updates from Tesco, Asos, WHSmith and more
Retail Week looks ahead to the next seven days, with updates from Tesco, Asos, WHSmith, Quiz, Dunelm and Card Factory on the agenda.
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NewsBargain Booze owner Conviviality enters administration
Conviviality has formally entered administration as the beleaguered business continues to seek buyers for its retail division.
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NewsHammerson hits pause on Intu amid Klépierre interest
Hammerson has halted its proposed £3.4bn acquisition of rival Intu amid interest from French property giant Klépierre.
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NewsUpdate: Conviviality sells wholesaler to Magners owner
Magners cider owner C&C, backed by brewing giant AB InBev, has snapped up the Matthew Clark and Bibendum distribution businesses from embattled Conviviality.
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NewsTopps Tiles sales edge ahead in ‘challenging’ market
Topps Tiles sales inched up in its first half, but the business warned it was taking a “cautious view” of the remainder of the year.
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NewsDeflation reaches deepest level since February 2017
Shop price deflation accelerated in March, reaching its deepest level in more than a year.
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NewsSpar supplier AF Blakemore to sell wholesale division
Spar’s biggest supplier AF Blakemore is selling its wholesale division following a strategic review of the business.
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NewsHouse of Fraser investor to provide £30m cash injection
House of Fraser’s Chinese investor has pledged to provide about £30m to the embattled department store group.
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NewsConviviality faces investor legal action threat
Conviviality may be sued by investors who believe they were misled about the retailer’s performance.
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NewsBunnings seeks buyers as Lazard brought on board
Bunnings owner Wesfarmers is scouting for potential buyers of its UK DIY chain and has drafted in Lazard to advise.
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NewsJigsaw deal sealed as Ross and Robinson partner up
Jigsaw has a new majority shareholder. Carphone Warehouse co-founder David Ross has teamed with founder John Robinson, to secure the retailer’s future.
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NewsAgenda: Topps Tiles and the BRC Shop Price Index
Retail Week looks ahead to the next seven days, with an update from Topps Tiles and the BRC-Nielsen Shop Price Index on the agenda.
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NewsConsumer confidence climbs amid wage and economy growth
Consumer confidence grew in March, thanks to overall economic growth and prospects of wage increases “finally” outstripping inflation.
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NewsUpdated: Conviviality to enter administration
Conviviality intends to appoint administrators within 10 business days after failing to raise the £125m it needed to secure its future.
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NewsWBA profits jump despite Boots sales drop
Walgreens Boots Alliance recorded a rise in its second-quarter profits driven by strong sales growth across its US subsidiaries.