Latest finance news – Page 255
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NewsMaplin in talks with EWM as it races to secure sale
Maplin is understood to be in crunch talks with potential new suitors, including Edinburgh Woollen Mill, as the struggling electricals firm urgently seeks a “solvent sale”.
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NewsMcColl's profits rise as acquisition plan bears fruit
McColl’s has posted a rise in full-year profits and broken through the £1bn sales barrier.
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NewsN Brown names Tesco boss Matt Davies as chairman
N Brown has drafted in Tesco UK chief executive Matt Davies as chairman, succeeding Andy Higginson.
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NewsNew Look circled by ‘vulture fund’ investor
New Look has caught the eye of distressed investment specialist Alchemy Partners.
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NewsToys R Us UK on brink due to £15m tax bill
Toys R Us UK is reportedly searching for a rescue deal to prevent it from falling into administration at the end of the month.
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NewsAgenda: McColl's, Asda, Dunelm, Bunnings and Hotel Chocolat
Retail Week looks ahead to the next seven days, with updates from McColl’s, Asda, Dunelm, Bunnings and Hotel Chocolat on the agenda.
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NewsTesco-Booker: Shareholders advised to vote against deal
Tesco’s acquisition of wholesaler Booker faces a potential setback as the move has been deemed “less than compelling” for Booker shareholders.
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NewsNorman warned Bunnings owner against Homebase deal
M&S chairman Archie Norman reportedly advised Wesfarmers against buying Homebase on the grounds that it would be difficult to integrate with Bunnings’ model.
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NewsAldi Nord and Aldi Süd step up cooperation
The two operating divisions of European discount giant Aldi are to tighten co-operation across their regions.
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NewsJanuary's inflation close to six-year high
Inflation was at its highest in nearly six years last month, upping the chance of another interest rate rise in the coming months.
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NewsClintons parent company owner sells majority stake
The owner of Clintons parent company American Greetings has sold a majorty stake in the business to a US investment firm.
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NewsEdinburgh Woollen Mill buys supplier Berwin & Berwin
Edinburgh Woollen Mill Group has bought menswear supplier Berwin & Berwin out of administration.
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NewsH&M abandons shareholder reinvestment plan
H&M has called time on a proposal to encourage shareholders to reinvest their dividends in new stock.
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NewsHouse of Fraser drafts in Rothschild to refinance debt
House of Fraser has drafted in Rothschild to assess refinancing a chunk of its debt pile, days after its credit insurance was cut.
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NewsToys R Us seeks £120m as payment deadline looms
Toys R Us is urgently pursuing £120m in funding to pay off loans and overhaul its store estate as the retailer fights for survival.
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NewsAgenda: H&M, ONS, Valentine's Day and Chinese New Year
Retail Week looks ahead to the next seven days, with H&M’s capital markets day, ONS retail sales data, Valentine’s Day and Chinese New Year on the agenda.
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NewsHMV saviour Hilco eyes Toys R Us acquisition
Retail restructuring and turnaround specialist Hilco is among the potential buyers of the troubled British arm of Toys R Us.
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NewsBooker stakeholder attacks Tesco offer as too cheap
A stakeholder in wholesale and retail giant Booker has labelled Tesco’s £3.7bn offer as “insufficient”.
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NewsToys R Us urgently seeking offers for UK business
Toys R Us is looking to offload its UK and European division, with buyers told to submit their bid interest by the end of this week.
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NewsDFS lifts sales amid 'challenging' market conditions
DFS has posted an increase in sales during its first half and forecast “modest” full-year growth despite “challenging” market conditions.