All City & finance articles – Page 167
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NewsSports Direct auditor to quit over €674m tax bill bombshell
Sports Direct’s auditor Grant Thornton told regulators that it intended to quit due to concerns regarding the disclosure of the retailer’s 11th hour Belgian tax bill.
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NewsHammerson hit by retail CVAs and administrations
Rental income at retail property giant Hammerson’s top destinations has slid as retailers’ woes undermined performance.
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Retail VoiceHow retailers can make data work for them
Business intelligence helps retailers make smart decisions and supports sustainable growth. Here are five ways data can be applied to add value.
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NewsHouse of Fraser closures loom as Ashley’s Sports Direct takes hit
Sports Direct has laid bare the scale of problems at House of Fraser, the department store business it bought out of administration last year, as it posted a fall in full-year earnings.
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NewsAgenda: Next, Pets at Home and Travis Perkins update
Retail Week looks ahead to the next seven days with updates from Next, Pets at Home, Travis Perkins, Hammerson and Intu all on the agenda.
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NewsMothercare warns on profits as it seeks to offload UK arm
Mothercare has warned that its full-year losses are likely to be in line with its previous financial year’s as it kicks off talks to sell struggling UK stores.
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NewsAmazon misses profit forecasts while Prime costs bite
Amazon has reported lower-than-forecast second-quarter profits as it ploughed investment into its one-day delivery services.
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VideoWatch: Is Boris Johnson as PM good or bad for retail?
Following Boris Johnson entering Downing Street and promising to deliver Brexit by October 31 “do or die”, the team debate what impact the new prime minister will have on retailers.
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NewsFindel makes ‘solid start to the year’ ahead of AGM
Findel has said it has made a “solid start to the year” and its full-year financial guidance remains unchanged, ahead of its AGM this afternoon.
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AnalysisIs Boots boss Seb James right to be worried about a recession?
Boots boss Seb James has predicted a recession is on its way, but are his fears of an economic downturn well grounded?
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NewsB&M posts ‘record-breaking’ sales
B&M has posted increased sales during its first quarter which boss Simon Arora hailed as its “third consecutive record Easter trading period”.
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AnalysisAnalysis: How ‘total retail’ has spurred Joules’ success
After posting an impressive set of full-year results, departing Joules boss Colin Porter pointed to the success of the fashion brand’s ‘total retail’ model. What is that and what can others learn from it?
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NewsJoules profits and sales climb in ‘strong’ year
Joules has reported soaring full-year profits and sales in what boss Colin Porter says was driven by “growth across channels and product categories, both in the UK and internationally”.
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NewsMcColl’s seeks ‘stability’ as profits nosedive
McColl’s has posted a decline in profits at the interim mark despite an uplift in sales as boss Jonathan Miller says the group plans to “refocus on retail execution”.
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AnalysisHow has Liberty written a department store success story?
Liberty has had its controlling stake owned by BlueGem sold for £300m – a significant mark up from its £32m acquisition of the business in 2010. Retail Week looks at what has made the luxury department store a success story and how it continues to brace itself against the backdrop of retail uncertainty.
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NewsSports Direct drops Debenhams CVA challenge
Sports Direct has withdrawn its legal challenge to Debenhams’ CVA – but will continue to fund the objection lodged by one of the department store chain’s landlords.
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NewsCBI: New PM must bring in annual business rates reviews
The Confederation of British Industry has called on the next prime minister to deliver annual business rates revaluations, as part of a sweeping manifesto to “get the UK economy back on track”.
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NewsHomebase rescues Bathstore from administration
Homebase has rescued Bathstore from administration, taking on more than 40 of its stores and saving 154 jobs.
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NewsBen Sherman owner eyes Jack Wills acquisition
The owner of fashion label Ben Sherman, Marquee Brands, is among those eyeing a potential acquisition of troubled Jack Wills.
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NewsTed Baker founder Ray Kelvin considers backing buyout
Ted Baker founder and former chief executive Ray Kelvin is mulling support for a private equity buyout of the company, just four months after leaving following allegations of sexual harassment.