Latest finance news – Page 252
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NewsCarpetright secures emergency capital as it mulls CVA
Carpetright has secured emergency capital to tide it over as it sets about restructuring the struggling business.
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NewsMothercare drafts in KPMG to advise on refinancing
Mothercare has appointed KPMG to advise on its refinancing as it seeks waivers of some of its financial covenants and attempts to raise more cash.
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NewsHouse of Fraser suitor issues profit warning
A Chinese investor behind a bid for House of Fraser has issued a profit warning, just weeks before a deal is expected to be finalised.
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NewsDreams' full-year profits jump amid tough market
Dreams has increased profits and sales for the fourth consecutive year, bucking the trend in a “challenging” big-ticket market, Retail Week can reveal.
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NewsMade.com secures £40m investment as sales spike
Made.com has secured £40m of fresh investment to accelerate its European expansion after registering a climb in full-year sales.
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NewsHammerson rejects £5bn takeover approach from Klépierre
Shopping centre landlord Hammerson has rejected a £5bn approach from one of Europe’s largest mall owners, Klépierre.
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NewsPoundstretcher credit insurers reduce cover
Poundstretcher owner Crown Crest Group has had its credit cover cut as insurers continue to tighten terms for high street operators.
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NewsSmiggle readies Oxford Street flagship as sales surge
Smiggle is preparing to open an Oxford Street flagship and has reported a surge in first-half sales outside of its homeland.
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NewsL'Oréal snaps up AR-tech beauty firm ModiFace
L’Oréal has acquired Canadian augmented reality and artificial intelligence focused beauty company ModiFace to bolster its digital capabilities.
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NewsConviviality considers equity fundraising in cash crisis
Conviviality, the embattled drinks retailer and wholesaler, has had “constructive discussions” with lenders and support from stakeholders as it addresses a funding crisis and may launch equity fundraising as it seeks to stabilise.
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NewsTesco shares climb as JP Morgan turns buyer
Tesco’s tie-up with wholesaler Booker has won over big broker JP Morgan, which has become a buyer of the grocer’s stock for the first time in five years.
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NewsClaire’s UK business safe despite US bankruptcy fears
Claire’s Accessories’ UK business does not face looming closure, despite reports that the retailer’s core US business may file for bankruptcy.
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NewsAgenda: Ocado, Kingfisher, ScS, Ted Baker and Next
Retail Week looks ahead to the next seven days, with updates from Ocado, Kingfisher, ScS, Ted Baker and Next on the agenda.
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NewsCarpetright mulls CVA as part of turnaround mission
Struggling flooring specialist Carpetright is being advised by Deloitte about possible restructuring options including a company voluntary arrangement (CVA), Retail Week understands.
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NewsH&M sales slow in first quarter despite store openings
H&M has suffered a slowdown in sales during its crucial Christmas quarter despite pressing ahead with a rapid store expansion programme.
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NewsInditex global profits up as online sales jump
Inditex’s full-year profits and sales have risen during a year in which the retail giant ploughed ahead with global expansion.
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NewsBest bet for Bunnings is to exit UK, said JP Morgan
Analysts at JP Morgan calculated that the “least bad outcome” for Bunnings-owner Wesfarmers would be to pull out of its fledgling UK operations.
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NewsToys R Us to close all stores as search for buyer fails
Administrators have failed to secure a buyer for Toys R Us and have informed staff that all of its 100 UK stores will close over the next six weeks.
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NewsBargain Booze owner Conviviality hit by cash crisis
Bargain Booze owner Conviviality is facing a cash squeeze after discovering it must pay HMRC £30m by the end of this month.
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NewsMorrisons like-for-likes up as profit climbs
Morrisons like-for-likes and profits rose over its last year, making the period its third consecutive year of growth.