Latest finance news – Page 243
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NewsRetailers face ‘£8bn bill’ in event of hard Brexit
Retailers could be hit with a “debilitating” £8bn spike in the cost of consumer goods if the UK fails to strike a deal with the EU.
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NewsJD Sports to snap up US chain Finish Line in £396m deal
JD Sports has struck a deal to buy US clothing, footwear and accessories business The Finish Line as it ramps up its international expansion.
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NewsHouse of Fraser in talks over £40m emergency funding
House of Fraser has held talks with specialist lenders in a bid to secure emergency funding as it faces into difficult trading conditions.
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NewsNext profits fall after ‘most challenging’ year
Next has reported a slide in annual earnings after what chief executive Lord Wolfson described as the “most challenging year” in more than two decades.
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NewsMaplin fails to secure buyer, axes head office roles
Maplin has made a further 66 redundancies at its head office as administrators confirmed that a buyer for the business has not been found.
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NewsTed Baker profits ascend despite 'challenging' market
Ted Baker has reported healthy rises in its full-year profits and sales in what boss Ray Kelvin labelled a “good performance”.
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NewsConviviality warns on profits as it seeks £125m funding
Bargain Booze owner Conviviality has kicked off a £125m fundraising round to “recapitalise” the business and warned that without additional investment it could collapse.
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NewsAgenda: Game, Conviviality, Moss Bros and DFS
Retail Week looks ahead to the next seven days, with updates from Game, Conviviality, Moss Bros and DFS on the agenda.
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NewsNew Look CVA approved, 60 stores to close
New Look’s landlords have approved its Company Voluntary Arrangement, paving the way for the retailer to shutter 60 stores.
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NewsScS profits rise but Beast from the East hits orders
ScS’ half-year earnings have risen, although the value furniture retailer’s recent sales were hit by adverse weather conditions, when orders were affected by the snow.
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NewsKingfisher profits decline as B&Q sales drop
Kingfisher’s full-year profits have declined, dragged down by business disruption and a “softening market” in which B&Q sales fell.
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NewsMoss Bros issues full-year profit warning
Moss Bros has issued a profit warning, blaming a reduction in footfall and a consolidation of its supplier base following the weakness in sterling.
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NewsMothercare lenders defer covenant testing
Mothercare’s lenders have agreed to defer covenant testing as it scrambles to secure additional sources of financing.
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NewsCarpetright secures emergency capital as it mulls CVA
Carpetright has secured emergency capital to tide it over as it sets about restructuring the struggling business.
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NewsMothercare drafts in KPMG to advise on refinancing
Mothercare has appointed KPMG to advise on its refinancing as it seeks waivers of some of its financial covenants and attempts to raise more cash.
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NewsHouse of Fraser suitor issues profit warning
A Chinese investor behind a bid for House of Fraser has issued a profit warning, just weeks before a deal is expected to be finalised.
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NewsDreams' full-year profits jump amid tough market
Dreams has increased profits and sales for the fourth consecutive year, bucking the trend in a “challenging” big-ticket market, Retail Week can reveal.
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NewsMade.com secures £40m investment as sales spike
Made.com has secured £40m of fresh investment to accelerate its European expansion after registering a climb in full-year sales.
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NewsHammerson rejects £5bn takeover approach from Klépierre
Shopping centre landlord Hammerson has rejected a £5bn approach from one of Europe’s largest mall owners, Klépierre.
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NewsPoundstretcher credit insurers reduce cover
Poundstretcher owner Crown Crest Group has had its credit cover cut as insurers continue to tighten terms for high street operators.