Latest finance news – Page 453
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NewsWHSmith full-year profits "in line with expectations" as travel fascias thrive
WHSmith’s full-year profits will be in line with market expectations as its travel business continues to thrive.
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NewsHMV creditors including pension fund to lose £250m
HMV’s pension fund is among a number of creditors poised to lose more than £250m, according to an update on the administration from Deloitte.
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NewsGo Outdoors back in the black as sales soar 19%
Go Outdoors returned to profit in its last financial year as sales at the outdoor retailer jumped 19% to £171m.
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NewsH&M profits up as it plans further store openings
Swedish fashion giant H&M has reported a rise in full year pre-tax profit for its UK arm after opening further stores across all of its fascias.
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NewsHouse of Fraser eyes return to the stock market
House of Fraser is mulling a return to the stock market after almost seven years of private ownership.
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NewsRetailers could face a £300m business rates hike next year
Retailers could be hit with almost £300m in extra business rates next year, according to estimations from the British Retail Consortium (BRC).
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NewsComet's former owner OpCapita recoups £54m from collapse
Comet’s former owner OpCapita has recouped at least £54m from the retailer, despite suppliers and the taxman facing millions of pounds of losses.
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NewsBRC abandons call to freeze business rates
The British Retail Consortium (BRC) has abandoned its call to the Government to freeze business rates.
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NewsNew Look first-quarter profits surge as like-for-likes edge up
Fashion retailer New Look has reported a rocket in its first-quarter profits as group like-for-likes edged up.
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NewsAdministrator reports Nicole Farhi’s debts were almost £20m at collapse
Premium fashion brand Nicole Farhi collapsed last month with debts of almost £20m, according to the administrator’s report.
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NewsPawnbroker H&T poised to shut Gold Bar fascia as profits fall
Pawnbroker H&T is poised to close its Gold Bar fascia after the price of gold fell while competition heated up.
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NewsBreakfast briefing: Retail news on Nicole Farhi and eBay
Retail news round-up August 13, 2013: Nicole Farhi’s debts were £20m at collapse according to administrator’s report and eBay UK teams up with Dressipi.
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NewsTesco in talks over deal to merge Chinese business
Tesco and China Resources Enterprises (CRE), owner of the Vanguard chain, are in talks to combine their Chinese retail operations to create a £10bn business.
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NewsBlue Inc snaps up Republic stores for womenswear push
Blue Inc has bought five former Republic stores in which it plans to push its womenswear offer and has unveiled a jump in full-year profits.
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NewsBargain Booze owner hires former Musgrave finance director
Bargain Booze owner Conviviality Retail has appointed former Musgrave Retail Partners finance director Julie Wirth as its chief finance officer.
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NewsPets at Home profits surge after a focus on customers and services
Pets at Home has broken the £100m EBITDA barrier for the first time after focusing on service and its customer offer.
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NewsTheo Fennell attracts £2.9m bid from Jon Moulton-backed investment group
Jewellery retailer Theo Fennell has received a recommended cash offer to acquire the brand from Mirfield 1964, an investment vehicle which plans to replace acting chief Theo Fennell with former Goldsmiths chairman and chief executive Jurek Piasecki.
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NewsCostcutter secures £35m refinancing to support growth
Symbol group Costcutter Supermarkets Group has today signed a £35m refinancing deal with Barclays.
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NewsConviviality Retail shares rocket on public debut
Bargain Booze owner Conviviality Retail enjoyed a strong debut on the AIM stock exchange yesterday as shares surged on its first day of trading.
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NewsBusiness rates experts slam Government delay of revaluation
Business rates experts have criticised the Government for delaying the rates revaluation, in a meeting organised as part of the Grimsey Review into the high street.