Latest finance news – Page 231
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NewsSports Direct acquires House of Fraser for £90m
Sports Direct has bought House of Fraser out of administration for £90m following a battle to control the beleaguered department store chain.
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NewsHouse of Fraser calls in administrators as rescue talks fail
House of Fraser has tumbled into administration after last ditch talks to save the business collapsed.
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NewsCard Factory trims profit guidance despite sales rise
Card Factory has downgraded its full-year profit expectations despite registering a boost in interim sales.
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NewsHoF creditors to pick a rescue bid as early as today
House of Fraser’s lenders could reportedly decide on bids from at least three white knights today, including Mike Ashley, Philip Day and Alteri Investors.
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NewsOver 1,000 Homebase jobs at risk
Homebase will reportedly close a quarter of its stores in a company voluntary agreement that could lead to more than 1,000 job cuts.
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NewsWhite Stuff profits halve as 'test and learn' misfires
White Stuff has recorded a slump in sales and profits after a ‘test and learn’ product strategy misfired and heavily constrained trading in the first half.
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NewsScS like-for-likes nudge up as soft trading hits
ScS’ like-for-likes inched up over the year with softer trading and extreme weather hitting its second half.
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NewsZalando expects profits at lower end of target range
Zalando is forecasting its profits will be at the lower half of its target range despite order and customer numbers spiking in the second quarter.
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NewsNew Look profits up despite falling sales
New Look has reported rising profits despite a dip in sales in its first quarter.
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NewsAgenda: Card Factory, SCS and BRC KPMG
Retail Week looks ahead to the next seven days, with updates from Card Factory and SCS, plus the BRC KPMG retail sales figures.
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NewsAmazon tax bill drops despite spike in profits
Amazon has declared its lowest UK tax bill for five years, despite almost doubling its profits.
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NewsUpdated: HoF in rescue talks with Alteri, Philip Day
House of Fraser has held talks with rescue fund Alteri in its search for a new owner.
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NewsHouse of Fraser on the brink as rescue deal collapses
House of Fraser’s future has been plunged into doubt after potential new owner C.Banner pulled out of a takeover deal.
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NewsDebenhams credit rating downgraded by Moody’s
Debenhams has had its credit rating downgraded by Moody’s in the latest blow to the beleaguered department store chain.
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NewsApple closes in on $1trn valuation as profits surge
Apple has registered a spike in third-quarter sales and profits, pushing its valuation closer to the symbolic $1trn mark.
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NewsHouse of Fraser in ‘default’ on loans, Moody’s says
House of Fraser has been judged to be in technical default on its loans as the embattled business fights to stave off financial ruin.
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NewsNext sales boosted by ‘exceptionally warm weather’
Next has posted an increase in second-quarter sales, buoyed by a “prolonged period of exceptionally warm weather” throughout June and July.
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NewsConsumer confidence dips despite warm weather
Consumer confidence dropped one point in July as shoppers’ concerns about their personal finances overshadowed the heatwave and World Cup.
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NewsWickes profits decline in 'challenging' first half
Wickes’ parent company Travis Perkins is launching a “significant cost reduction programme” at the DIY retailer after recording a slump in interim profits.
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NewsMike Ashley in discussions for £50m HoF rescue bid
Sports Direct founder Mike Ashley is reportedly in talks with House of Fraser’s advisers to offer a £50m lifeline to the struggling department store chain.