Latest finance news – Page 159
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NewsBullring owner Hammerson raises cash after Covid hit
Retail property giant Hammerson is considering a rights issue and is in talks about an asset sale as it seeks to recover from the impact of the coronavirus pandemic.
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NewsHobbycraft full-year profits jump driven by online sales rise
Hobbycraft recorded an adjusted EBITDA of 21.9% from £12.2m to £14.8m in the full year to February 16.
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NewsPrimark commits to payment for outstanding orders
Primark has announced that it will pay its suppliers in full for any outstanding finished garments and fabric costs incurred since its stores closed in March.
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NewsTesco extends improved payment terms for small suppliers until 2021
Tesco has extended its improved payment terms for smaller suppliers until next year to help businesses through the coronavirus crisis.
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NewsPets at Home reports ‘resilient’ first quarter as sales dip
Pets at Home has posted a fall in its first-quarter sales, which covered the period of lockdown, as boss Peter Pritchard hailed the business’ “inherent resilience”.
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NewsAmazon profits double and sales surge in ‘highly unusual’ quarter
Amazon has doubled its income in its second quarter despite ploughing $4bn into Covid-19-related costs.
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NewsScS ‘encouraged’ by post-lockdown trading results
ScS has recorded a sharp uptick in its order intake since lockdown regulations began to ease, as it feels the benefits of pent-up consumer demand.
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NewsShopify sales surge to topple rival eBay for first time
Shopify has registered a surge in second-quarter sales as revenues raked in through its websites surpassed those of rival eBay for the first time.
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NewsThe Hut Group appoints seven banks to aid potential IPO
The Hut Group has named seven banks – including JP Morgan and Goldman Sachs – to oversee a potential £4.5bn flotation.
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NewsEbay UK records lockdown surge in new businesses
Ebay UK has reported a lockdown start-up boom as the number of new businesses joining the platform more than doubled in the second quarter.
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NewsNext quarterly sales drop ‘better than expected’
Next has suffered a drop in full-price sales during its second quarter, as the business struggles to tempt shoppers back to stores.
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NewsMajestic toasts surge in sales and eyes new store openings
Majestic Wine has toasted a surge in sales during lockdown and lifted the lid on its growth plans, including new store openings.
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NewsCard Factory sales exceed expectations after store reopenings
Card Factory has suffered a fall in sales but said revenues raked in from its stores since reopening after lockdown have exceeded its expectations.
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NewsGreggs swings to loss but ‘encouraged’ by sales since reopening
Greggs has tumbled into the red after store closures sparked by the coronavirus pandemic hammered its top and bottom lines.
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NewsGousto to create 1,000 new jobs as sales surge in lockdown
Gousto will create 1,000 new jobs as part of ambitious plans to ramp up its expansion following a surge in sales.
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NewsGreen seeks to restructure Arcadia after Covid hit
Fashion tycoon Sir Philip Green is to overhaul his Arcadia fashion empire for the second time in little more than a year because of the impact of the coronavirus pandemic.
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NewsDebenhams raises ‘For sale’ sign to secure future
Debenhams is preparing to seek new owners among a range of options being considered to put it on a firm footing after its collapse earlier this year.
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NewsFrench Connection turns to Hilco to boost liquidity
Fashion group French Connection has secured funding from investment and turnaround specialist Hilco, which will help it through the disruption caused by the coronavirus pandemic.
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NewsHotel Chocolat to meet profit expectations as sales rise
Hotel Chocolat expects to hit full-year profit guidance as full-year sales rose despite a decline in revenues during lockdown.
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NewsConsumer confidence holds steady despite mounting job losses
Consumer confidence held its position in July as shoppers’ trepidation about the economy was offset by increased optimism in their personal finances.