Latest finance news – Page 229
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NewsDebenhams drafts in KPMG to advise on options
Debenhams has called in KPMG to advise on options as it battles to turn around its fortunes.
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NewsAgenda: JLP, Morrisons, Primark, JD Sports and Dunelm
Retail Week looks ahead to the next seven days, with updates from Primark, John Lewis, Morrisons, JD Sports and Dunelm in the diary.
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NewsWaterstones buys Foyles in fightback against Amazon
Waterstones has acquired Foyles bookshops from the founding family for an undisclosed sum.
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NewsOffice Outlet CVA approved by creditors
Office Outlet will shutter four of its stores, with the loss of almost 50 jobs, after creditors unanimously approved its CVA.
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NewsDixons Carphone posts flat like-for-like sales
Electricals and mobile phones group Dixons Carphone has reported flat group like-for-likes in its most recent quarter.
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NewsAmazon surpasses $1trn market valuation milestone
Amazon’s shares briefly edged passed the $1trn market value mark yesterday, making it only the second publicly listed US firm to do so.
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NewsFenwick profits slump as it axes 400 roles
Fenwick has suffered plummeting full-year profits and axed more than 400 roles as it moves to “embrace change” gripping the retail sector.
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NewsHalfords sales rise buoyed by new ranges
Halfords has hailed a “solid” start to its financial year as sales increased despite the “challenging retail environment”.
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NewsThe Hut snaps up beauty specialist Acheson & Acheson
The Hut Group has bolstered its core beauty business with the acquisition of Acheson & Acheson, a contract manufacturer and product developer.
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NewsMike Ashley accuses HoF bosses of misleading suppliers
Sports Direct chief Mike Ashley has accused House of Fraser’s former bosses of “totally” misleading suppliers and the retailer’s warehouse operator.
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NewsFootasylum issues second profit warning despite sales rise
Footasylum has issued another profit warning despite sales rising, following a shock profit warning at its maiden results.
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NewsM&Co sales rise but profits remain flat
Value fashion retailer M&Co’s sales rose last year but profits remained stubbornly flat against a “challenging” backdrop.
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NewsBoden profits and sales rise driven by international
Boden has posted an increase in full-year profits and sales bolstered by a growing overseas customer base and strong womenswear performance.
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NewsPoundland puts Elvis on the checkout to drive sales
Poundland, which posted a dip in overall sales despite like-for-like momentum, has drafted in an Elvis Presley voiceover on its self-checkout machines to drives sales.
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NewsHomebase to axe 42 stores as creditors approve CVA
Homebase has been given the green light to shut 42 of its stores after its CVA plan was approved by creditors.
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NewsAgenda: Halfords, McColl’s and Dixons Carphone
Retail Week looks ahead to the next seven days, with updates from Dixons Carphone, Halfords and McColl’s.
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NewsConsumer confidence rises despite 'Brexit babble'
Consumer confidence rose in August as consumers remained calm despite frenzied speculation about the likelihood of a hard Brexit.
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NewsHouse of Fraser warehouses close again amid XPO row
House of Fraser’s distribution centres have closed for a second time amid the ongoing row between new owner Mike Ashley and XPO Logistics.
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NewsHouse of Fraser property plan details emerge
House of Fraser landlords are being offered a variety of options on stores under new owner Sports Direct.