Latest finance news – Page 230
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NewsHomebase landlords ponder legal action over CVA
A group of landlords is weighing up legal action over DIY retailer Homebase’s CVA plans, which will be voted on by creditors this Friday.
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NewsAgenda: WHSmith updates the market
Retail Week looks ahead to the next seven days, with a pre-close update from WHSmith.
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NewsBrexit: Warnings over higher card costs and more red tape
The Government has published the first technical notices for businesses on what will happen if no deal can be struck on Brexit with the EU.
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NewsSainsbury's-Asda: CMA kicks off investigation
The Competition and Markets Authority (CMA) has begun its investigation into the mega-merger between Sainsbury’s and Asda.
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NewsLaura Ashley profits dwindle despite fashion sales rise
Laura Ashley chairman Khoo Kay Peng was “disappointed” as rising fashion and online sales failed to offset a slump in the retailer’s preliminary profits.
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NewsGame sales flat as it expands arenas with Ashley
Game’s sales were flat last year but the business reported positive progress on its gaming arenas, on which it has partnered with Mike Ashley.
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NewsOffice Outlet launches CVA proposal
Office Outlet aims to shut four of its 95 stores in response to tough trading conditions.
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NewsCrew Clothing profits rocket as sales inch up
Crew Clothing performed well last year despite the current retail climate, with profits and sales both rising.
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NewsFarfetch unveils plans for IPO in New York
Farfetch, the luxury fashion specialist, is to float on the New York Stock Exchange.
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NewsHarrods’ Ward backs Ashley’s HoF turnaround ambition
Harrods managing director Michael Ward has spoken out in support of Sports Direct tycoon Mike Ashley’s ambitions to restore House of Fraser’s fortunes.
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NewsSports Direct deal was HoF’s only option, says EY
Sports Direct’s bid for House of Fraser was “the best and only offer capable of being completed”, according to administrator EY.
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NewsAsda posts fifth quarter of growth in a row
Asda has posted its fifth consecutive quarter of increased like-for-likes sales, with online sales growth spurred by its general merchandise arm.
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NewsB&Q sales rise as warm weather boosts performance
Kingfisher-owned DIY specialist B&Q notched up like-for-like growth of 3.6% in its second quarter, helped by good weather.
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NewsNotonthehighstreet swings to profit despite sales fall
Notonthehighstreet.com reported a swing into the black in its latest full-year results, spurred by a shift in marketing strategy to focus on more profitable customers.
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NewsFat Face profits and sales rise as it chases US market
Fat Face has reported an increase in full-year profits and sales, with its burgeoning US business driving growth.
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NewsAshley vows to keep 80% of HoF stores open
New House of Fraser owner Mike Ashley has pledged to keep 80% of the department store chain’s shops open.
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NewsUpdated: Homebase names 42 stores for closure
Homebase intends to shut 42 stores, putting 1,500 jobs at risk, as part of its turnaround push.
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NewsBHS auditor PwC slammed in damning watchdog report
Financial accounts of failed department store chain BHS contained “incomplete, inaccurate and misleading” statements following failings by auditor PwC, a new report has ruled.
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NewsAgenda: Asda and Kingfisher update the market
Retail Week looks ahead to the next seven days, with updates from Asda and Kingfisher.
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NewsPoundworld brand could be resurrected by rescue bid
The Poundworld brand and a handful of its shops could be saved following an eleventh hour rescue bid by Irish retail family the Hendersons.