Latest finance news – Page 208
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NewsCo-op revival continues as profitability ‘exceeds expectations’
The Co-op has said its profitability “exceeded expectations” in 2018, driven by its acquisition of grocery wholesaler Nisa and strong performance in food.
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NewsFormer Superdry boss Sutherland in line for £730,000 payoff
Superdry’s former chief executive Euan Sutherland is set to receive a £730,000 payoff from the fashion brand, after his resignation at the reappointment of Julian Dunkerton.
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NewsJD Sports buys Pretty Green out of administration
JD Sports has snapped up Liam Gallagher-founded fashion retailer Pretty Green days after administrators were appointed.
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NewsAO sales peak as Europe drives growth
AO.com expects revenues to rise this year thanks to a growth spurt in Europe.
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NewsMothercare sales fall as it claims 'significant progress'
Mothercare like for likes fell in its fourth quarter but the retailer hailed “significant strategic progress and full-year profit in line with market expectations”.
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NewsBoots owner suffers 'most difficult quarter'
Boots owner Walgreens Boots Alliance has slashed earnings guidance following the “most difficult quarter” since its creation in 2014.
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NewsOffice Outlet axes stores and jobs as sale hopes fade
Office Outlet is to shutter 16 stores and axe 160 jobs after administrators conceded that hopes of selling the business were fading.
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NewsDunkerton victorious in Superdry board battle
Superdry co-founder Julian Dunkerton is poised to return to the business following an EGM showdown with the board today.
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NewsPhilip Day makes £5.7m swoop on Bonmarché
Philip Day has launched a takeover bid for Bonmarché after swooping on more than half of the embattled retailer’s shares.
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NewsFindel garners Schroders support as it fights off Ashley
Online shopping retailer Findel has won the support of its second-largest shareholder, institutional investor Schroders, in a showdown with Mike Ashley.
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NewsRetailers implore MPs to tackle business rates 'madness'
Retailers have called on the government to tackle the “madness” of the business rates system to stop it from “strangling our high streets”.
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NewsAgenda: Superdry extraordinary general meeting and Topps Tiles
Retail Week looks ahead to the next seven days with Superdry’s EGM and Topps Tiles’ trading update on the agenda.
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News'I'm confident we'll win': Dunkerton secures shareholder support
Julian Dunkerton’s bid to return to Superdry has won the backing of City investors Investec and Schroders ahead of next week’s crunch EGM.
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NewsSelect on brink of collapse putting 2,000 jobs at risk
Select is on the brink of collapse after filing a notice of intention to appoint administrators, Retail Week has learned.
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NewsDebenhams to Ashley: Back us or it's an administration
If Debenhams cannot strike an agreement with top shareholder Mike Ashley, a pre-pack administration is likely.
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NewsUpdate: Ashley lashes out as Debenhams refinancing plans backed
Mike Ashley has slammed Debenhams advisers after bondholders backed the embattled retailer’s £200m refinancing plans.
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NewsConsumer confidence remains negative but stable
Consumer confidence has held steady at -13 this month, according to the GfK consumer confidence survey.
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NewsDune makes rescue bid for LK Bennett
Footwear chain Dune has launched a bid to rescue LK Bennett from administration.
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NewsWalmart's McKenna hits out at CMA over Sainsbury's-Asda probe
Walmart International boss Judith McKenna has taken a swipe at competition authorities for failing to understand the changing nature of the UK grocery market.
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NewsSports Direct considers £61.4m offer for Debenhams
Sports Direct is weighing up an offer for Debenhams that would value the department store group at £61.4m.