Latest finance news – Page 194
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NewsChancellor Sajid Javid shrugs off plea for business rates reform
Chancellor Sajid Javid has shrugged off pleas by the retail industry for reform of the “broken” business rates system.
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NewsWatches of Switzerland hails ‘strong’ first quarter since IPO
Watches of Switzerland group posted an increase in sales and like for likes during its first quarter since becoming a listed business.
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NewsNext boss Wolfson: No-deal Brexit will only bring ‘mild disruption’
Next chief executive Lord Wolfson believes that chaos can be avoided in the event of a no-deal Brexit, which would only bring “mild disruption”.
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NewsCard Factory posts sales rise despite tough trading conditions
Greetings card specialist Card Factory has reported a rise in first-half sales and expects to meet full-year profit forecasts.
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NewsTop retailers call on chancellor to fix broken business rates system
More than 50 retailers have written to new chancellor Sajid Javid demanding action to lighten the burden of business rates.
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NewsTesco bosses build support for online sales tax
Tesco is quietly building support from rival retailers for the introduction of an online sales tax.
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NewsEve Sleep and Simba in early stage merger talks
Mattress in a box specialists Eve Sleep and Simba are in early-stage merger talks as the loss-making businesses seek to guard against a challenging landscape.
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NewsAgenda: Walmart and ONS retail sales figures
Retail Week looks ahead to the next seven days with updates from Walmart and the latest ONS retail sales figures on the agenda.
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NewsBarneys secures fresh capital in bid to avoid collapse
Barneys New York has received a fresh cash injection as it seeks to fend off the threat of collapse.
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NewsSports Direct exec Murray: We’re not in crisis
Sports Direct executive Michael Murray has insisted the group is “definitely not a business in crisis” despite increasing doubts over its strategy.
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NewsBoohoo swoops on Karen Millen and Coast but jobs axed
Online fashion giant Boohoo has bought the Karen Millen and Coast brands for £18.2m.
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NewsBoohoo to snap up Karen Millen and Coast in pre-pack
Online fast fashion retailer Boohoo is reportedly on the verge of buying high street fashion brands Karen Millen and Coast out of administration.
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NewsRetail sales return to growth, but consumer spending languishes
Retail sales returned to growth in July but BRC boss Helen Dickinson warned that consumer spending is continuing to languish after a “punishing few months” for the sector.
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NewsSports Direct buys Jack Wills out of administration
Struggling fashion retailer Jack Wills has been bought out of administration by Sports Direct, following a tussle between Mike Ashley and fellow retail tycoon Philip Day’s Edinburgh Woollen Mill Group.
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NewsDay in late bid to avoid Jack Wills administration
Edinburgh Woollen Mill owner Philip Day is reportedly trying to keep Jack Wills out of administration as he seeks to pip Mike Ashley to a deal for the struggling retailer.
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NewsFlying Tiger calls time on store openings after profits hit
Flying Tiger Copenhagen has halted UK store openings after a plunge in profits.
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NewsNaked Wines aims for Nasdaq stock exchange listing
Naked Wines is understood to be considering a listing on New York’s Nasdaq stock exchange following last week’s sale of its Majestic Wine business.
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NewsJack Wills sale nears as Ashley and Day circle
Jack Wills is on the verge of being snapped up by either Mike Ashley or Philip Day, as the two tycoons do battle for the beleaguered business.
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NewsAgenda: Farfetch and BRC-KPMG retail sales figures
Retail Week looks ahead to the next seven days with updates from Farfetch and the latest BRC retail sales figures on the agenda.
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NewsMajestic boss: Fortress ‘our preferred bidder from the beginning’
The managing director of Majestic Wine has said that the business’ new buyers were his preferred bidder and were the most engaged with the brand and its plans for growth.