Latest finance news – Page 333
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NewsFashion retailer Joules to float on AIM at 160p per share
Fashion retailer Joules is set to float on London’s Aim market this week with each share priced at 160p, which values the firm at £140m.
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NewsBHS edges closer to a sale as inquiry resumes in Parliament
Administrators plan to reveal BHS’s new owner this week while preparing a High Court complaint against its former owner Dominic Chappell.
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NewsBreakfast briefing: Retail news on BHS, Austin Reed, Co-op and more
Retail round-up on May 23, 2016: Co-op launches branding overhaul, MPs to scrutinise Sir Philip Green's Goldman ties and Austin Reed's suitors.
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NewsConviviality edges up profit expectations after ‘transformational’ year
Bargain Booze owner Conviviality has edged up its profit forecast after hailing the impact of a “transformational” year for the group.
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NewsMatalan tycoon leads race for BHS but liquidators could be called in
Matalan founder John Hargreaves’ consortium has moved to the front of the queue to rescue BHS, but liquidators could still be called in.
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NewsMoss Bros hails sales growth as online and in-store improvements bear fruit
Moss Bros has hailed “further improvement” in trading performance as retail sales jumped ahead of its annual general meeting today.
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NewsBreakfast briefing: Retail news on BHS and Gap
Retail round-up on May 20, 2016: Matalan founder believed to be ahead in the race to buy BHS and Gap set to close its Old Navy stores in Japan.
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NewsAsda posts 5.7% slump in first quarter sales amid 'fierce competition'
Asda has posted a 5.7% slump in first quarter like-for-like sales as the grocer continued to struggle amid “fierce competition”.
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NewsHMV owner Hilco and Poundstretcher join battle to save BHS
HMV owner Hilco Capital and Poundstretcher have joined the race to rescue beleaguered department store chain BHS after lodging firm bids.
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NewsMothercare full-year profits up 51% as UK turnaround continues
Mothercare has unveiled a 51% surge in underlying group pre-tax profits to £19.6m but said the international business “remains challenging”.
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NewsBudgens and Londis parent Booker unveils full-year profit lift
Food wholesaler and retailer Booker has reported an 11% rise in full-year profits but warns of “increasing price competition” in the UK.
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NewsBreakfast briefing: Retail news on BHS, Sports Direct and M&S
Retail round-up on May 19, 2016: Poundstretcher owner becomes latest to eye collapsed BHS and Rangers to sever retail ties with Sports Direct.
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NewsAt a glance: Moonpig owner PhotoBox, the photo specialist in focus
As eBay’s Jody Ford joins Photobox as group chief executive, we take a closer look at the photo and gifts etailer with global ambition.
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NewsBurberry plans £100m cost savings as full-year profits and sales fall
Burberry has outlined plans to make “at least” £100m of cost savings over the next three years as it reported a slip in full-year profits and sales.
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NewsThorntons to shutter Oxford Street store with further closures 'likely'
Thorntons is poised to close its store on Oxford Street as new owner Ferrero continues a review of the business, Retail Week has learned.
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NewsTK Maxx parent TJX unveils sales increase over first quarter
TK Maxx and HomeSense owner TJX has posted rising sales across its first quarter as the US-based retailer continues to gain market share.
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NewsInflation falls to 0.3% in April as fashion retailers slash prices
The UK’s inflation rate fell for the first time since September as retailers cut prices to revive sales hit by last month’s cold weather.
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NewsBreakfast briefing: Retail news on BHS, Sports Direct and Dreams
Retail round-up on May 17, 2016: Property tycoon and BHS suitor Yousuf Bhailok withdraws from the race and Mike Ashley agrees to appear before MPs.
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NewsSWOT analysis: As Mountain Warehouse eyes a float, what does the future hold?
Outdoor and leisure retailer Mountain Warehouse has boosted plans for a £200m flotation this year with soaring full-year profits and sales.
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NewsPensions Regulator said to have blocked Green's plans for BHS restructure
The Pensions Regulator is understood to have blocked plans two years ago by Sir Philip Green to restructure BHS and inject funds into the pension scheme.