Latest finance news – Page 261
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NewsAgenda: Next and the BRC Nielsen Shop Price Index
Retail Week looks ahead to the next seven days, with an update from Next and the BRC Nielsen Shop Price Index on the agenda.
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NewsDFS snaps up stores from collapsed rival Multiyork
DFS has swooped on a number of collapsed rival Multiyork’s stores and acquired the rights to its brand name and product designs.
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NewsToys R Us creditors throw retailer a lifeline
Toys R Us creditors have voted in favour of the toy retailer’s survival plan, averting the immediate threat of administration.
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NewsConsumer confidence dips to four-year low in December
Consumer confidence continued its downward spiral this month, hitting the lowest point this year and marking the lowest-scoring December since 2013.
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NewsRetailers bank on rush as Christmas goes to the wire
Shoppers are expected to belatedly hit the high street in force from today, and retailers are banking on the last-minute rush to bolster seasonal performance.
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NewsMissguided falls into loss despite sales spike
Missguided has dropped into the red in its full-year update as it ploughed investment into its distribution centre, although its sales skyrocketed.
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NewsTesco-Booker given go-ahead after second phase of probe
Following an “in-depth” second phase examination, the Competition and Markets Authority (CMA) has given Tesco the green light to acquire wholesaler Booker.
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NewsCreditors abandon Steinhoff as crisis deepens
Steinhoff International— the parent company of Poundland, Harvey’s and Bensons for Beds in the UK — has started to lose credit lines from lenders as it grapples with an accounting scandal.
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NewsToys R Us future in doubt as PPF blocks survival plan
The future of Toys R Us in the UK has been plunged into doubt after the Pensions Protection Fund (PPF) said it would block the retailer’s proposed restructuring plan.
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NewsSteinhoff-owned Bensons and Harvey's credit insurance cut
Bensons for Beds and Harvey’s credit cover has been cut in the wake of parent company Steinhoff’s accounting scandal, Retail Week can reveal.
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NewsFeather & Black bought out of admin by beds giant
The bulk of furniture retailer Feather & Black has been bought out of administration.
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NewsKoovs shaves off pre-tax losses despite flat sales
Koovs has posted narrowing losses and delivered flat sales at the interim mark during what chief executive Mary Turner described as a “challenging year”.
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NewsBoxing Day online sales set to surpass £1bn mark
Online sales are set to deliver healthy rises over Christmas and Boxing Day, although the latter continues to be outstripped by Black Friday.
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NewsHarvey Nichols dips into the red in 'challenging' year
Harvey Nichols has posted a pre-tax loss and flat sales as refurbishments at its Knightsbridge flagship bit into its bottom line.
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NewsIkea faces European Commission tax investigation
The European Commission has launched an “in-depth investigation” into furniture giant Ikea’s tax affairs.
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NewsPoundland seeks to reassure staff as Steinhoff reels
Poundland has sent a statement to its employees insisting that despite its credit cover being downgraded it expects “no impact on the business in terms of supply”.
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NewsUpdated: Toys R Us CVA could be blocked by pension fund
The Pension Protection Fund (PPF) is demanding a £9m payment into Toys R Us’ UK pension scheme to win its backing for its proposed restructure.
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NewsUpdated: Conviviality snaps up Palmer & Harvey c-stores
Conviviality, the drinks and convenience retail specialist, has bought 109 c-stores out of the ashes of Palmer & Harvey safeguarding 1,312 jobs.
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NewsSteinhoff chairman Wiese quits amid accounting scandal
Steinhoff chairman Christo Wiese has stepped down from the role in the wake of the group’s accounting scandal.
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NewsSteinhoff 2016 results to be restated, deemed unreliable
Steinhoff has said that its 2016 financial results need to be restated as the original release can “no longer be relied upon”.