Latest finance news – Page 245
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NewsYoox Net-a-Porter full-year profits and sales rise
Yoox Net-a-Porter has posted a boost in its full-year profits and sales bolstered by increased customer numbers and strong demand across all product lines.
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NewsNew Look primed for CVA after crunch bondholder talks
New Look is poised to launch a company voluntary arrangement (CVA) within days following the result of a crunch bondholder consultation, Retail Week has learned.
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NewsTesco and Morrisons top buoyant grocery market
Tesco and Morrisons outpaced the other big four rivals in February, when overall grocery sales grew by more than 3% for the 12th consecutive month.
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NewsHouse of Fraser’s owner to sell off stake
House of Fraser’s owner is planning to dispose of its majority stake in the troubled chain, selling it to a Chinese tourism development company.
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NewsSales inch up in February amid retail's ‘perfect storm’
Retail sales edged up in February despite the ‘perfect storm’ of softening consumer demand, rising costs and structural changes within the industry.
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NewsTesco officially completes £3.7bn capture of Booker
Tesco has sealed its £3.7bn takeover of retailer and wholesaler Booker this morning, just over a year after it was first revealed.
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NewsEx-Tesco execs face retrial over accounting scandal
Three former Tesco executives are facing a retrial in relation to the grocer’s £250m accounting scandal.
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NewsMothercare seeks covenant waivers and finance
Mothercare is seeking waivers of some of its financial covenants and looking at ways of raising further cash as it attempts a turnaround.
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NewsSports Direct increases stake in Debenhams
Sports Direct has increased its stake in Debenhams to just below the threshold that would trigger a formal takeover bid.
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NewsToys R Us launches closing down Sale following collapse
Toys R Us has launched a nationwide closing down Sale following its collapse into administration on Wednesday.
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NewsMaplin administrators draft in GCW to aid sale efforts
Maplin’s administrators have drafted in commercial property experts GCW to advise on the collapsed retailer’s portfolio as they ramp up efforts to secure a sale.
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NewsAgenda: John Lewis, Kantar, BRC KPMG, Retail Week Live
Retail Week looks ahead to the next seven days, with an update from John Lewis and Retail Week Live on the agenda.
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NewsNew Look plans 60% rent reductions under potential CVA
New Look is planning to slash rents by up to 60% under the terms of a potential company voluntary arrangement (CVA) being discussed with landlords.
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NewsSteinhoff first-quarter sales slump as scandal deepens
Steinhoff has posted a fall in its UK and overall first-quarter sales as chairwoman Heather Sonn warned that its accounting scandal could stretch beyond the €6bn already flagged.
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NewsCarpetright issues third profit warning in three months
Carpetright has warned on profits for the third time in as many months as it kicks off talks with lenders to ensure compliance with its existing loans.
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NewsB&Q parent Kingfisher reveals gender pay gap
Kingfisher has published its gender pay gap across its UK fascias, revealing the lowest disparity of any major retailer to date across all measures.
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NewsNew Look consults bondholders to pave way for CVA
New Look has kick-started a consultation with its bondholders in the clearest indication yet that it will launch a company voluntary arrangement (CVA).
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NewsAmazon snaps up smart doorbell firm Ring in $1bn deal
Amazon has purchased smart doorbell company Ring for more than $1bn (£720m), in one of the etailer’s largest acquisitions to date.
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NewsTesco-Booker deal given green light by shareholders
Tesco’s £3.7bn takeover of wholesale titan Booker is all but complete after shareholders in both businesses voted in favour of the deal.
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NewsMaplin enters administration after rescue talks collapse
Maplin has plunged into administration just hours after last-ditch talks with potential buyer Edinburgh Woollen Mill failed.