All City & finance articles – Page 49
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NewsHomebase reports heavy losses but on track for profitable 2024
Poor weather and consumer caution left Homebase with heavy losses last year, but the group says it is on track to deliver double-digit profits in 2024.
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NewsHammerson reports growth in footfall as rental income increases
Hammerson, which owns and operates shopping centres including Brent Cross in London, posted a rise in rental income as occupancy and footfall increased in the full year ending December 2023.
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NewsOcado loses remain despite sales rise
Pureplay grocery retailer Ocado has posted sales growth as its retail business returned to profit for the full year ending December 2023.
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AnalysisAs Halfords warns on profits, have the wheels fallen off the cycling market?
After sales at Halfords dramatically hit the skids, Retail Week looks at why the wheels have fallen off in the motoring and cycling retail category, and what brands are doing to turn things around
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NewsVery Group secures fresh funding as it records half-year loss
The Very Group has secured a £125m funding package as it swings to a half-year loss due to “higher interest costs”.
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NewsTDR snaps up Jollyes and Andy Bond comes in as chair
Private equity group TDR Capital has acquired a majority stake in specialist pet retailer Jollyes and former Asda boss Andy Bond has been appointed chair.
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NewsHalfords warns on profits after hits from weather and consumer confidence
Halfords has slashed earnings expectations after its main markets − cycling and motoring − were battered.
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NewsChancellor met Shein boss over potential London IPO
Chancellor Jeremy Hunt held talks with Shein boss Donald Tang to try to persuade the Chinese fast-fashion giant to float on the London Stock Exchange.
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NewsCurrys rejects second takeover proposal from Elliott Advisors
Currys has rejected a second takeover proposal from US investment firm Elliott Advisors because its increased offer still undervalues the company.
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Opinion‘Currys shareholders should hold out for a valuation that reflects long-term prospects’
For pretty much as long as China’s economic star has been in the ascendant, there has been speculation that one of its new generation of digital retail powerhouses might move to swoop on a venerable UK name.
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NewsGymshark announces new premium athleisurewear range
Gymshark posted a rise in sales for the full year ending July 2023, which the retailer said was “underpinned by the relevance and quality of our product” and “the resonance of our brand”.
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NewsSecret Sales hails ‘exceptional’ year
Premium non-full-price marketplace Secret Sales has posted an “exceptional” year of growth and confirmed plans to ramp up its expansion strategy in 2024.
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NewsSuperdry founder Dunkerton courts US investor to take brand private
Superdry founder Julian Dunkerton is understood to be assembling an offer for a US private investor to take the struggling brand private.
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NewsCurrys rejects ‘significantly undervalued’ takeover proposal
Currys has rejected a takeover proposal by US investment firm and owner of Waterstones Elliott Advisors as it “significantly undervalued” the company.
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NewsMytheresa ‘outperforms’ as luxury fashion sales grow
Luxury fashion retailer Mytheresa has hailed its sales growth during the second quarter, despite falling profits, as it “outperformed almost all competitors” and the demand for luxury fashion goods edged up.
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Opinion‘The Body Shop’s plunge into administration leaves a bad smell’
The early new year often brings retail administrations, and so it has sadly proved for The Body Shop’s UK business.
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NewsWhite Stuff owners consider sale following takeover approach
The owners of fashion retailer White Stuff are reportedly exploring a sale of the business after receiving surprise interest from a prospective buyer.
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NewsAsda owners borrowed millions from EG Group to pay private jet loans
Asda owners Mohsin and Zuber Issa have borrowed millions of pounds from their EG Group petrol forecourt empire to pay down debts taken on buying two private jets.
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AnalysisCan The Body Shop be salvaged after collapsing into administration?
As The Body Shop falls into administration less than three months after being bought by private equity firm Aurelius, Retail Week explores what happens next for the once-disruptive British retailer
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NewsDunelm posts rise in sales and increased market share gains across homewares and furniture
Dunelm has recorded strong sales growth and market share gains in both homewares and furniture markets.