Latest finance news – Page 205
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NewsIntu warns CVA glut will hit rental income
Intu has warned its rental income will fall below expectations this year following a “higher than expected level of CVAs”.
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NewsSports Direct probed by financial regulators
Regulators are probing Sports Direct over its latest financial accounts and compliance with rules on inside information.
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NewsLandlords demand bigger Arcadia stake in exchange for CVA vote
A host of Britain’s biggest property owners have joined forces to demand a larger equity stake in Arcadia, should the fashion group push forward with a CVA.
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NewsOcado investors hit out at executive pay
A quarter of Ocado’s shareholders rebelled against the etailer’s renumeration plan for its directors at its annual general meeting.
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NewsWatches of Switzerland considers IPO as sales rise
Watches of Switzerland will consider a float after posting an increase in sales for its fourth quarter.
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NewsZalando sales and profits rise in 'strong' first quarter
Zalando has posted an increase in sales and profits and gained more customers during its first quarter.
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NewsN Brown profits edge up despite sales decline
N Brown has posted an uptick in full-year profits despite a decline in sales as boss Steve Johnson said a refocus of the group’s strategy is “now required”.
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NewsSainsbury's Coupe vows to stay despite failed Asda deal
Sainsbury’s boss Mike Coupe has vowed to fight on despite the collapse of the grocer’s proposed merger with Asda.
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NewsNext overperforms after online drives sales
Next has reported rising sales despite falling store figures thanks to its online business.
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NewsSainsbury’s profit nosedives as Asda deal costs mount
Sainsbury’s pre-tax profits have plummeted with like-for-likes dipping in its full-year results.
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NewsArcadia board to hold crunch restructuring meeting today
Arcadia’s board is set to meet today to discuss the future of Sir Philip Green’s embattled fashion chain, as it eyes a possible company voluntary arrangement.
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NewsConsumer confidence still negative in April
Consumer confidence remained negative but stable during April, according to the GfK Consumer Confidence Index.
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NewsKurt Geiger owner weighs up sale to US fashion powerhouse
The owner of upscale shoe specialist Kurt Geiger is mulling a £450m sale of the retailer to a US fashion group.
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NewsArcadia bank to act as guarantor to suppliers
A banker to Sir Philip Green’s troubled Arcadia fashion empire has agreed to act as a guarantor to suppliers.
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NewsAgenda: Sainsbury's, Next and N Brown update the market
Retail Week looks ahead to the next six days with updates on the agenda from Sainsbury’s, Next and N Brown.
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NewsDebenhams launches CVA as torrid trading continues
Debenhams has launched its CVA proposal and revealed trading has continued to suffer, with like for likes spiralling in the six months to March.
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NewsCotswold Outdoor owner launches CVA in bid to slash rents
Cotswold Outdoor’s parent company Outdoor & Cycle Concepts has launched a CVA proposal in a bid to stem falling profits, Retail Week has learned.
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NewsAmazon posts record profits as first-quarter income doubles
Amazon has posted its fourth successive quarter of record profits as its first-quarter income more than doubled.
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NewsCarpetright 'will be profitable next year'
Carpertright is on track to be profitable next year after reporting a “significant improvement” in like for likes during its fourth quarter.
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News75,000 retail jobs lost in first three months of 2019
75,000 retail jobs were lost in the first quarter of the year, as bricks-and-mortar retailers continue to be affected by increasing online sales.