All City & finance articles – Page 169
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NewsSainsbury’s-Asda merger blocked for 10 years
The competition watchdog has blocked Sainsbury’s and Asda from joining forces for 10 years, rubbing salt into the wounds of their failed merger bid.
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NewsOcado profits hit by Andover fire as sales climb
Ocado posted a fall in half-year profits due to costs associated with the fire at its Andover warehouse, but sales rose as boss Tim Steiner hailed “innovation” at the grocer.
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NewsJack Wills owner canvasses buyer interest
Fashion retailer Jack Wills’ private equity owner BlueGem is soliciting interest in the business from potential buyers.
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NewsDebenhams’ CVA opponent drops legal challenge
Property investment firm M&G Real Estate has withdrawn its court action against Debenhams’ CVA.
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NewsMatalan warns on margins as discounting rises
Matalan has reported a rise in first-quarter sales and earnings but cautioned that price-cutting is taking a toll on margins.
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NewsAgenda: Ocado, Superdry and Dunelm update the market
Retail Week looks ahead to the next seven days with updates from Ocado, Superdry and Dunelm on the agenda.
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AnalysisAnalysis: How The Hut Group is supercharging its growth
The Hut Group has recorded another year of swelling sales and profits – Retail Week speaks to boss Matthew Moulding about how it has done it.
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NewsMonsoon Accessorize CVA passed by creditors
Monsoon Accessorize’s CVA has been passed by its creditors, paving the way for hefty rent reductions at around half of its stores.
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NewsThe Hut Group sales and profits soar in ‘landmark year’
The Hut Group has posted an uplift in full-year sales and profits bolstered by international growth as the retailer scaled up investments across its brands and technology.
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NewsThe Works profits dip as like-for-like sales rise
The Works reported a decline in its profit before tax, despite an increase in its like-for-like sales.
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NewsTopps Tiles like for likes increase in third quarter
Topps Tiles has reported a rise in like-for-like sales in its third quarter and improved trading from the levels reported in the first half of the year.
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NewsSainsbury’s sales fall in ‘tough’ first quarter
Sainsbury’s like-for-like sales fell by 1.6% in the first quarter, as the grocer struggled in what it described as a “tough market”.
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NewsConsumers given ‘welcome break’ as shop prices fall
Shop prices fell last month for the first time since October last year in a sign of “fierce competition between retailers”, according to the BRC-Nielsen Shop Price Index.
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NewsFortress closes in on £100m Majestic Wine deal
US private equity firm Fortress is closing in on a £100m deal to buy Majestic Wine – and has sounded out industry veteran Dan Jago to run the business.
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NewsJack Wills set for cash crunch after poor trading
Struggling fashion retailer Jack Wills is heading towards a cash crunch after burning through cash injections from its private equity owner BlueGem.
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NewsAgenda: Sainsbury’s and The Hut Group update the market
Retail Week looks ahead to the next seven days with updates from Sainsbury’s, The Hut Group and The Works on the agenda.
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NewsConsumers braced for ‘turbulence’ as confidence slides
Consumer confidence registered declines across all measures this month as shoppers’ concerns regarding their personal finances increased.
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NewsSuperdry postpones results after boardroom exodus
Superdry has announced it will delay posting its full-year results following “recent management transition”.
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NewsDay turns screw on Bonmarché by imposing offer deadline
Philip Day, owner of the Edinburgh Woollen Mill Group, has put a deadline on his his offer to buy Bonmarché over concerns about its ability to operate as a going concern.
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NewsKaren Millen owner to kick off takeover talks with bidders
Karen Millen’s parent company Kaupthing has launched an auction for the fashion chain, with formal talks with bidders to kick off in the coming days.