All City & finance articles – Page 167
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NewsTravis Perkins says demerger of Wickes to be completed by middle of next year
Wickes owner Travis Perkins has hailed the progress it has made in its bid to offload the retailer and says the demerger will be complete by the second quarter of 2020.
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NewsWatches of Switzerland profits soar on back of ‘robust’ UK and US markets
Watches of Switzerland has reported soaring profits and revenues as it praised the “robust” market for luxury watches both in the UK and the US.
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OpinionOpinion: Tesco should double down in Asia, not cash out
Incoming Tesco boss Ken Murphy must have been hoping for a relaxed Christmas this year before taking on his new role next spring.
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NewsTed Baker drafts in Deloitte to investigate £25m stock overstatement
Ted Baker has appointed Deloitte to work alongside law firm Freshfields on the investigation into the overstated the value of stock on its balance sheet.
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NewsSports Direct puts Lillywhites London lease up for sale
Sports Direct’s lease of the six-floor Lillywhites store on London’s Piccadilly has reportedly been put on the market.
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NewsTed Baker calls in advisers as it looks to revive fortunes
Ted Baker has called in consultancy firm AlixPartners to help with a root-and-branch review of operations after a difficult year that has seen it issue three profit warnings.
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OpinionOpinion: US retailers lead where FTSE 100 fails on leadership diversity
Our latest research has highlighted the ongoing failure of the UK’s biggest businesses to recognise the need for diverse talent at the top levels, with the total number of black, Asian and minority ethnic (BAME) board members virtually flatlining over the past year.
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NewsM&G suspends property fund as Brexit and retail landscape take toll
Property fund M&G has banned all withdrawals, blaming Brexit and the retail downturn for the decision.
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NewsDunelm profits to beat expectations amid margin gains
Dunelm has said it expects full-year profits to come in “higher than previous expectations” after a period of “strong sales growth”.
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NewsJoules sales climb despite ‘challenging’ September
Joules has posted an increase in sales during the first half of its financial year despite suffering what it called a “challenging” September.
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NewsClintons seals pre-pack admin deal saving 2,500 jobs
Greetings cards specialst Clintons has been bought out of administration by Esquire Retail Limited, safeguarding all 2,500 jobs.
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OpinionOpinion: Has Ocado bitten off more than it can chew with Aeon deal?
It has been another tumultuous few days on the rollercoaster ride that is the Ocado share price.
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NewsMorrisons promotes two in management reshuffle
Morrisons has reshuffled its management team with two senior appointments, leading its boss to praise the supermarket’s “strong management development plans”.
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NewsQuiz swings to loss as brand blames ‘challenging market conditions’
Quiz has swung to a loss before tax and seen its underlying EBITDA more than halve in what the fast-fashion group called a “continued challenging market”.
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OpinionLeader: Black Friday boost isn’t all it seems
It was a tale of two Novembers for retailers, the latest sales stats showed.
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NewsJohn Lewis sales spike driven by Black Friday bargains
John Lewis’ weekly sales soared in after a “record” performance for the retailer as price matching and strong demand for fashion and home technology bolstered performance.
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NewsDr Martens owner sets sights on £1bn sale
Dr Martens’ owner – private equity firm Permira – is looking to sell the shoe brand for £1bn.
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NewsHolland & Barrett owner urged to provide cash injection
The owner of health food specialist Holland & Barrett has been urged by lenders to provide additional cash as tough high street conditions bite.
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NewsTed Baker discovers £25m stock overstatement
Ted Baker has revealed that the value of stock held on its balance sheet has been overstated by between £20m and £25m.
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NewsOcado launches £500m bond issue to fund tech commitments
Ocado has unveiled a £500m convertible bond issue following a string of deals with international retailers.