All City & finance articles – Page 178
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NewsSports Direct lawyers clash with Debenhams administrators
Lawyers for tycoon Mike Ashley’s Sports Direct have written to the administrators of Debenhams alleging a conflict of interest.
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AnalysisAnalysis: Where are Tesco's 'untapped opportunities'?
Tesco answered many of its critics today when it beat analysts’ expectations by posting a spike in full-year earnings.
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NewsAsda contract changes could leave 3,000 staff worse off
Asda is in consultation with staff and unions over proposals to “streamline” the contracts of hourly paid staff, which could leave around 6,000 workers worse off.
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NewsLeonard Green ditches Topshop stake
US investment firm Leonard Green has sold its 25% stake in Topshop and Topman for an undisclosed sum to the brands’ parent company Arcadia.
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NewsLewis: Tesco will 'finish' turnaround this year
Tesco boss Dave Lewis has revealed the grocer is eyeing new avenues for growth and value creation following another “strong” year on its road to recovery.
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NewsDunelm delivers ‘strong' third-quarter sales growth
Dunelm has recorded a rise in its third-quarter sales as the retailer was spurred by an uplift in sales across its stores and online.
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NewsTesco full-year profits climb as turnaround bears fruit
Tesco’s profit and sales rose as boss Dave Lewis says the grocer has “met or are about to meet the vast majority of our turnaround goals”.
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NewsAsos profits plunge as international costs bite
Asos has reported a nosedive in interim profits, which boss Nick Beighton attributed to “major capex” costs that “inevitably involved significant disruption and transition costs”.
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OpinionOpinion: JD Sports has plenty of track left to run
JD Sports holds the unique position of being both Sports Direct’s biggest rival and, in many ways, its polar opposite.
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AnalysisAnalysis: What next for Debenhams?
Debenhams’ lenders took control of the department store business today through a pre-pack administration, and a sale is now likely to be pursued.
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NewsChinese firm closes in on LK Bennett acquisition
A Chinese firm which supplies LK Bennett is closing in on a deal to buy the beleaguered fashion retailer from administrators.
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OpinionDebenhams needs renewed purpose post-administration
The redundancy of Debenhams’ once-vaunted claim to be ‘Britain’s favourite department store’ was sadly laid bare as it fell into a pre-pack administration today.
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CartoonRetail cartoon: Debenhams faces Mike's lie detector
Patrick Blower’s take on Mike Ashley demanding members of Debenhams’ board take a lie detector test, as he tries to take control of the department store group.
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NewsDebenhams' lenders poised to take control as Sports Direct spurned
Debenhams’ lenders are expected to take control of the department store group after conditions for further funding were not met and no deal was struck with potential buyer Sports Direct.
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NewsPre-pack looms as Debenhams shuns Ashley
Debenhams has rejected Sports Direct’s offer to underwrite a £150m equity issue, bringing the department store business one step to closer to pre-pack administration.
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NewsAshley offers to underwrite Debenhams equity issue
Sports Direct boss Mike Ashley proposed to underwrite a £150m equity raise for existing Debenhams shareholders but has also called for members of the department store group’s board to take a lie detector test.
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NewsAgenda: Tesco, Asos and WHSmith update the market
Retail Week looks ahead to the next seven days with Tesco, Asos, WHSmith and Dunelm update on the agenda
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NewsPrivate equity 'has no place in retail', argues Knight Frank
A new report has lambasted the “traditional private equity” model, saying it has no place in the retail sector.
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NewsNew Look operations boss Monaghan exits
New Look managing director of group operations Dan Monaghan will depart the business in a senior management team restructure, Retail Week can reveal.
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NewsCo-op revival continues as profitability ‘exceeds expectations’
The Co-op has said its profitability “exceeded expectations” in 2018, driven by its acquisition of grocery wholesaler Nisa and strong performance in food.