All City & finance articles – Page 214
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NewsHouse of Fraser insists CVA plan ‘on track’
House of Fraser has insisted it is “on track” with plans to launch a CVA and secure new investment despite an alleged battle with its lenders.
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NewsAgenda: WH Smith, Quiz, Joules and AO update the market
Retail Week looks ahead to the next seven days, with updates from WH Smith, Quiz and Joules on the agenda, plus the latest BRC retail sales figures, all on the agenda.
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NewsMothercare CVA given green light by creditors
Mothercare’s creditors have approved the troubled retailer’s plans to shutter 50 stores and slash rents through a company voluntary arrangement (CVA).
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NewsHoF lenders seek cash injection as CVA approaches
House of Fraser’s key lenders are demanding proof that its Chinese shareholders will provide the £70m capital pledged last month.
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NewsHut Group acquisitions boost profits and sales
The Hut Group’s profits and sales have rocketed following its acquisitions of new brands over the year.
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NewsAsda full-year like-for-likes inch up as profits fall
Asda’s pre-tax profit shrank 10% last year despite an increase in like-for-likes.
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OpinionWas Baldock's attack on Dixons Carphone warranted?
The new boss of Dixons Carphone, Alex Baldock, pulled no punches this week when he slammed his predecessor and issued a profit warning.
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NewsM&S swerves FTSE 100 relegation as Ocado rises up
M&S has narrowly avoided being relegated from the FTSE 100 despite its share price tumbling after it unveiled a 66% profit drop and 100 store closures.
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OpinionOpinion: Tesco should reverse its decision to quit BRC
As the retail industry is convulsed by radical change, it’s vital that it makes its voice heard in the corridors of power while it readjusts.
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NewsLandlords prepare to take tougher stance on retail CVAs
Property owners are poised to take a more hard-nosed approach to retail CVAs.
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NewsDixons Carphone warns on profits in tough market conditions
Dixons Carphone has warned that profits in its new financial year are expected to fall and detailed plans to shutter more than 90 stores.
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NewsDunelm warns on profits as like-for-likes slide
Dunelm has issued a profit warning after experiencing “trading conditions materially more challenging than expected”.
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NewsAgenda: B&M, Card Factory and consumer confidence data
Retail Week looks ahead to the next seven days, with updates from B&M and Card Factory, plus the latest consumer confidence figures, all on the agenda.
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NewsMountain Warehouse eyes New Look stores as profits soar
Mountain Warehouse has posted its 21st consecutive year of sales growth boosted by overseas expansion as boss Mark Neale plots a Neon Sheep bricks-and-mortar roll-out.
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InterviewInterview: Why the king of the mall is betting on Westfield
Westfield’s shareholders voted in favour of Unibail-Rodamco’s acquisition of the shopping centre owner this morning. The latter’s boss Christophe Cuvillier reveals why he is making an £18.4bn bet on physical retail.
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NewsShop Direct falls into the red as cost of PPI bites
Very and Littlewoods owner Shop Direct swung to a loss in its third-quarter after it booked £100m to pay PPI claims.
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NewsTopshop swings to full-year loss as sales suffer
Arcadia-owned Topshop has swung to a full-year loss following a sharp drop in sales and impairment charges on its property.
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OpinionOpinion: Could M&S be on Amazon's wish list?
Amazon has been linked with a raft of UK grocers since its acquisition of Whole Foods last year – talk that has increased in fervency following the shock Sainsbury’s-Asda merger.
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NewsM&S profits plunge as store closures hit bottom line
Marks & Spencer has recorded a slump in its full-year profits despite sales edging up due to costs associated with its store closure programme.
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NewsTopps Tiles profits crash as inflation hits
Topps Tiles’ profits have dropped dramatically due to inflationary pressures despite sales rising over the period.