All City & finance articles – Page 173
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NewsPoundland owner posts sales rise as value chain ‘outperforms’
Pepkor Europe, owner of businesses including Poundland in the UK, has reported a rise in quarterly and half-year sales.
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NewsSelect administrators launch CVA
Select has filed proposals for a CVA in order to slash rents, after it fell into administration earlier this month.
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AnalysisWhy a safe pair of hands is the right move for WHSmith
WHSmith boss Stephen Clarke is preparing to stand down as travel sales soar, while the high street struggles. Against this backdrop, does the retailer need more than safe-pair-of-hands Carl Cowling?
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NewsMonsoon founder pledges £34m to secure CVA
Monsoon founder Peter Simon has offered £34m worth of rescue funds in a bid to win approval for rent reductions from landlords as part of a CVA.
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NewsDebenhams to close only Australian store next year
Debenhams is set to close its one department store in Australia by the beginning of next year.
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NewsAgenda: Pepkor Europe and GFK consumer confidence
Retail Week looks ahead to the next seven days with an update from Pepkor Europe and GFK’s latest consumer confidence survey on the agenda.
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NewsShares in Ocado partner Casino suspended as debt mounts
Shares in Casino – the French grocery giant that has partnered with Ocado – and its parent company Rallye have been suspended as concerns mount over their debt piles.
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OpinionOpinion: How retailers and landlords can restore faith in CVAs
With Arcadia Group becoming the latest high street retailer to pursue a CVA to close stores and slash rents, retail landlords are increasingly reaching the end of their tether. British Property Federation boss Melanie Leech outlines how the gulf between retailers and landlords can be closed
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NewsB&M profits rise driven by rapid store expansion
B&M has posted a jump in full-year profits despite ongoing struggles in the German market, driven by its rapid store expansion programme.
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NewsArcadia CVA plan slammed by Pensions Regulator
Arcadia’s plans to shutter stores, slash rents and axe hundreds of jobs have come under fire just hours after they were unveiled.
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NewsM&S full-year profits fall as sales decline
Marks & Spencer has recorded a fall in its preliminary pre-tax profits, but boss Steve Rowe heralded “green shoots” in the department store’s ongoing transformation plan.
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NewsPets At Home full-year profits rise 'faster than anticipated'
Pets At Home has posted an increase in sales and profits in its preliminary results as boss Peter Pritchard described the business as “trading strongly and taking share across the pet market”.
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NewsSuperdry poaches Wiggle chief financial officer
Fashion retailer Superdry has appointed a new interim chief financial officer as the business begins to rebuild its board.
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NewsSports Direct tycoon Ashley bails out of MySale
Sports Direct tycoon Mike Ashley has sold his stake in etailer MySale.
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NewsShoe Zone posts flat sales and profits in first half
Shoe Zone has reported a “positive” first-half performance, when it held sales and profits firm, as it benefited from falling rents on store lease renewals.
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NewsHalfords suffers fall in full-year profits
Halfords has reported a decline in full-year profits as challenging trading conditions and the weather took a toll.
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NewsWHSmith chief executive Clarke to step down
WHSmith group chief executive Stephen Clarke is to step down in October, when he will hand over the reins to Carl Cowling.
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NewsTopps Tiles reports ‘robust’ first-half in tough climate
Topps Tiles has reported a fall in interim profits but said it has gained market share and has made an “encouraging start” to the second half of its financial year.
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NewsAshley considers legal challenge over Debenhams rescue plan
Sports Direct owner Mike Ashley is examining the possibility of launching legal action against Debenhams, after its controversial company voluntary arrangement was approved earlier this month.
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NewsCo-op signs Superdrug deal to supply own-brand food
The Co-op has struck a deal with Superdrug to supply own-brand food-to-go products as part of the health and beauty chain’s meal deals.