Latest finance news – Page 210
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NewsOffice Outlet collapse puts 1,200 jobs at risk
Office Outlet, the stationery chain formerly known as Staples, has tumbled into administration just two years after its rebrand.
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NewsOcado to rebuild Andover warehouse following fire
Ocado has committed to rebuilding its Andover warehouse that was gutted by a fire, despite admitting the site is “ruined”.
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NewsSainsbury's-Asda vow to invest £1bn in price to woo CMA
Sainsbury’s and Asda have pledged to plough £1bn into price and establish a profit cap on fuel if their landmark £13bn merger is given the green light.
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NewsScS profits increase in challenging market conditions
ScS, the upholstered furniture specialist, has reported an increase in half-year profits but said trading conditions remain uncertain.
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NewsBonmarché issues fresh profit warning after March setback
Bonmarché has warned that it will make a worse than expected loss this year after tough trading in March.
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NewsOcado sales advance despite warehouse fire
Ocado has posted an increase in sales in its first quarter, when a fire hit its Andover warehouse.
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NewsAsos posts sales rise as UK outperforms and US lags
Asos has recorded a rise in quarterly sales after a strong showing in the UK, but high demand in the US caused dispatch problems there.
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NewsNew Look to shut all stores in Poland
New Look will shut its Polish operations as part of its management team’s bid to turn the business around.
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NewsJD Sports to buy Footasylum in £90m deal
JD Sports has made a recommended cash offer for embattled counterpart Footasylum.
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NewsProperty giants refuse to work on Arcadia CVA
Leading retail property agencies CBRE and JLL have made clear they will not assist Arcadia tycoon Sir Philip Green with a CVA of the fashion group.
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NewsDebenhams considering pre-pack option
Debenhams is considering a pre-pack administration in a bid to prevent the struggling department store group from falling into Mike Ashley and Sports Direct’s grasp.
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NewsAgenda: Asos, Next, Kingfisher and Ocado update the market
Retail Week looks ahead to the next seven days with results from Next and Asos, plus the latest Brexit vote, all on the agenda.
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NewsArcadia poised to launch CVA within weeks
Arcadia is set to launch a far-reaching CVA as soon as next month, with a substantial number of store closures and job losses expected.
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NewsTrouva partners with real estate firm to tackle business rates
Trouva has today unveiled a strategic partnership with real estate advisers Harper Dennis Hobbs to “tackle unfair business rates” for independent retailers.
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NewsSuperdry founder Dunkerton sets out case for comeback
Superdry founder Julian Dunkerton has written to shareholders making the case for his return to the board and his ambitions to put the business back on track.
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NewsDFS profits spike amid ‘solid’ sales performance
DFS has posted a surge in profits and sales as its acquisition of Sofology swelled its half-year figures.
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NewsSports Direct offers Debenhams £150m loan lifeline
Sports Direct has offered to bail out Debenhams with a £150m loan in exchange for additional equity in the business.
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NewsSports Direct reports 'misleading' Debenhams to FCA
Sports Direct has reported Debenhams to the FCA for the way in which it has communicated the health of its finances to the market.
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NewsInditex like for likes spike across all regions
Inditex’s like-for-like sales rose in every region and across all brands last year with profits also increasing.
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NewsMorrisons posts strong full-year sales and profit growth
Morrisons has recorded an uplift in its preliminary sales and profits.