Latest finance news – Page 206
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NewsSainsbury's-Asda merger blocked by CMA
The CMA has blocked the proposed mega-merger between Sainsbury’s and Asda, which would have created a £10bn grocery giant.
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NewsBoohoo full-year profits surge as sales rocket
Boohoo has unveiled another stellar set of full-year results, as pre-tax profits grew 38% and sales soared.
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NewsPrimark profits jump due to higher margins and increased sales
Primark profits surged 25% during its half year, driven by higher margins and strong sales in its UK and European markets
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NewsDarren Topp returns to LK Bennett as chief executive
Former LK Bennett boss Darren Topp has been reappointed to the top job, following its acquisition by a Chinese partner.
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NewsDebenhams poised to launch CVA this week
Debenhams is poised to launch its CVA this week as it battles to secure its future, Retail Week has learned.
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NewsTopshop’s Green offers flagship as pension security
Topshop boss Sir Philip Green has proposed offering the flagship store on London’s Oxford Street as security to his Arcadia group’s pension funds as he seeks to restructure his fashion empire.
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NewsDebenhams sale process lambasted by Sports Direct’s Ashley
Sports Direct tycoon Mike Ashley has complained that the administrators of Debenhams are not conducting a “genuine” sale process.
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NewsReiss posts earnings rise as it reins in discounting
Reiss has reported an uplift in full-year sales and profits after it cut discounting and invested in operational improvements.
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NewsThe Hut Group snaps up luxury haircare brand Christophe Robin
The Hut Group has bolstered its haircare offer by acquiring French luxury haircare and wellbeing brand Christophe Robin.
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NewsIndian giant Reliance Retail circles Hamleys
Indian retail titan Reliance Retail is reportedly in late-stage talks with Hamleys to acquire the toy retailer.
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NewsAgenda: Primark, Boohoo and Carpetright update the market
Retail Week looks ahead to the next six days with Primark, Boohoo and Carpetright updates on the agenda
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NewsTopps Tiles snaps up Strata commercial business
Topps Tiles has bought a controlling stake in tile supplier Strata as it grows its commercial business.
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NewsJD Sports posts record profits as sales sprint ahead
JD Sports posted a surge in full-year profit spurred by strong sales as boss Peter Cowgill says the business will “continue to exceed consumer expectations”.
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NewsCard Factory profits fall against ‘tough' consumer backdrop
Card Factory has recorded a decline in its full-year profits as sluggish customer footfall stunted the retailer’s sales growth.
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NewsMonsoon becomes latest retailer to mull potential CVA
Monsoon has said it is looking to “accelerate” the process of its store closures as it mulls a potential CVA in order to restructure its estate.
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NewsLord Rose criticises Mike Ashley for high street ‘oligopoly’ plans
Former Marks & Spencer boss Lord Stuart Rose has lambasted Mike Ashley over his plans to create a UK retail high street “oligopoly”, and said the sector is still too focused on bricks and mortar.
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NewsSuperdry founder Dunkerton wins City backer
Superdry founder Julian Dunkerton has received support from City backer Oasis Management after rejoining the business.
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NewsPhilip Green paid just 76p to buy back Leonard Green stake
Sir Philip Green paid $1, or 76p, to buy back a 25% stake in Topshop that he sold to US private equity firm Leonard Green in 2012.
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NewsAgenda: JD Sports and Card Factory update the market
Retail Week looks ahead to the next seven days with JD Sports and Card Factory updates on the agenda.
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NewsLK Bennett sold to Chinese partner
LK Bennett has been purchased by Rebecca Feng, who runs the fashion retailer’s Chinese franchise business, after going into administration in early March.