Latest finance news – Page 29
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NewsFootfall has peaked at just the right time for retailers in the run-up to Christmas
Christmas might not have come early for retail but it is at least coming, with footfall predicted to soar over the last weekend before the big day.
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NewsBoohoo shareholders have given a slap in the face to Frasers Group
Attempts by Frasers Group to install founder Mike Ahsley on the board of online fashion specialist Boohoo have been rebuffed.
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NewsN Brown has received the green light to be taken private
Fashion retailer N Brown has received approval today for the business to be acquired and taken private by one of its non-executive directors and shareholders.
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NewsNetwork Rail retail sales have jumped ahead of Christmas rush
Network Rail Property saw a double-digit uplift in retail sales across its 19 managed stations over the summer ahead of the Christmas peak.
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NewsNike is vowing to ‘return sport to the centre of everything we do’ as sales fall
Nike’s new boss has pledged to act fast to restore the trainer brand and retail giant’s fortunes as he reported a quarterly sales fall.
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NewsBestway turns to CVA for some stores as it reaches impasse with landlords
Bestway Group has reportedly turned to a company voluntary arrangement (CVA) for some of its off-licences, after reaching an impasse with landlords over leases.
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NewsThe Body Shop is ‘back in profit baby!’ new boss reveals
Ethical cosmetics specialist The Body Shop is back in the black – albeit over a short period.
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NewsKingfisher has sold its Brico Dépôt Romania business
Kingfisher has agreed to sell its Brico Dépôt Romania business, after what it described as a “competitive process” to find a bidder.
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NewsShoe Zone will close stores and slash jobs after profit warning
Struggling footwear retailer Shoe Zone has issued a profit warning and said it plans to close “a number of stores” due to increased costs related to the Budget.
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NewsLandsec snaps up majority stake in shopping centre for £490m
Landsec has snapped up a majority stake in shopping centre Liverpool One in a deal worth £490m.
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NewsShein is eyeing ‘exemption’ from listing rules ahead of anticipated London IPO
Fast-fashion giant Shein is reportedly seeking an “exemption” from UK regulators in regard to overlooking listing rules that require at least 10% of its shares to be sold to the public ahead of its highly-anticipated London float.
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NewsUK businesses slashing staff at fastest rate in years after Budget
UK businesses are slashing staff numbers at the fastest rate since the global financial crisis, according to a new survey which blames the government’s October Budget.
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NewsBoohoo’s London office buyer has walked away from the £60m sale
Boohoo’s financial recovery efforts are under pressure after a potential property investor abandoned negotiations to purchase its London office.
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NewsIn The Style has slashed jobs as its losses narrow, but what about sales?
Fashion retailer In The Style has reported a number of job cuts during the full year as its losses narrowed but sales continued to tumble.
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NewsShein’s London IPO is facing further delays due to new supply chain questions
The approval of Shein’s IPO has been delayed due to unanswered questions around its supply chain and legal risks as a result of challenges by a new advocacy group for China’s Uyghur population.
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NewsCurrys sees profits rise but it warns of “inevitable price rises” due to the Budget
Currys has recorded improved sales and profits but warned of the consequences of the new government’s Budget, which it described as “unwelcome headwinds”.
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NewsShoppers’ Christmas spending set to rise according to new research
The cost of living crisis isn’t set to derail the festive cheer with consumers planning to spend 10% more on gifts and 60% more on food and drink this year.
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NewsProCook sales have jumped as Christmas trading momentum picks up
ProCook has said trading momentum has picked up and posted an increase in first-half sales during a strong golden quarter.
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NewsZalando is set to snap up online fashion rival About You
Fashion giant Zalando is set to snap up German online fashion rival About You in a €1.1bn (£906m) deal in an attempt to “better serve the needs of customers”.
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NewsBoots is potentially up for sale again as private equity firm goes after Walgreens
A private equity firm is reportedly in talks to buy Walgreens Boots Alliance (WBA), which could end up resulting in a new auction of its subsidary, Boots.