Latest finance news – Page 238
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NewsAsda sales rise for fourth consecutive quarter
Asda has registered its fourth consecutive quarter of sales growth as the earlier fall of Easter boosted its performance.
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NewsShop Direct leaves City £55m out of pocket
Investors in Shop Direct have taken a hit after fears of a consumer credit crackdown triggered a sell-off in the company’s debt.
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NewsMoss Bros hails 'improvement' despite sales decline
Moss Bros has suffered a further sales decline, but pointed to an “improvement” in performance as it grapples to turn around its fortunes.
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NewsBurberry profits rise in 'year of transition'
Burberry has posted an increase in full-year profitability as boss Marco Gobbetti hailed “promising early signs” in its transformation plan.
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NewsPoundworld founder Chris Edwards eyes rescue bid
Poundworld’s founder and former boss Chris Edwards is mulling a move to rescue the embattled business.
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NewsMothercare to seek fresh investment for rescue plan
Mothercare is set to tap up investors to bolster its restructuring plan with the launch of equity share placing alongside its full-year results this week.
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NewsPoundworld parent TPG parks CVA plan in favour of sale
Poundworld’s owner has halted plans for a possible Company Voluntary Arrangement (CVA) after receiving expression of interest from prospective buyers.
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NewsAgenda: Asda, Mothercare and Burberry update the market
Retail Week looks ahead to the next seven days, with updates from Mothercare, Gear4Music and Asda on the agenda.
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NewsThe Hut Group obtains £600m loan to drive acquisitions
The Hut Group has secured a £600m revolving credit facility to supercharge its acquisition warpath and bolster its tech capabilities.
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NewsHouse of Fraser Group racks up £44m loss
House of Fraser Group swung to a £43.9m pre-tax loss last year as the Brexit vote, terrorist attacks and online competition weighed on the embattled department store business.
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NewsSuperdry full-year profits up but store sales stutter
Superdry’s shares took a tumble after store sales struggled in its most recent quarter.
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NewsMorrisons boss Potts shrugs off Sainsbury’s-Asda deal
Morrisons boss David Potts has insisted the grocer is “well placed” to drive further growth, even if the proposed mega-merger between Sainsbury’s and Asda goes ahead.
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NewsNext raises full-year profit guidance as sales jump
Next has upped its full-year profit forecast after online sales spiked in its first quarter.
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NewsMorrisons like-for-likes rise in 'strong' first quarter
Morrisons unveiled its 10th consecutive quarter of like-for-like growth as new ranges and store openings bore fruit.
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NewsEmbattled tycoon Wiese steps down from New Look board
Christo Wiese has relinquished his role on the board of fashion retailer New Look.
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NewsWalmart edges out Amazon with $16bn Flipkart deal
Walmart has snapped up India’s largest ecommerce retailer Flipkart for around $16bn (£11.8bn) after seeing off competition from Amazon.
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NewsCo-op completes £137.5m swoop for c-store rival Nisa
The Co-op has formally completed its £137.5m acquisition of symbol group Nisa.
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NewsJohn Lewis scotches rumours of Amazon Waitrose approach
John Lewis Partnership has poured cold water on suggestions that it received a takeover bid from online giant Amazon for its Waitrose chain last year.
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NewsAgenda: Morrisons, Next and Superdry update the market
Retail Week looks ahead to the next seven days, with updates from Morrisons, Next and Superdry on the agenda.
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NewsUpdated: Jacques Vert plunges into administration
Jacques Vert and its sister brands have entered administration for the second time in less than a year under new owner Calvetron.