Latest finance news – Page 290
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NewsToday in retail: Sir Philip Green pays up
Ex-BHS owner Sir Philip Green has settled the collapsed department store’s pension debt, agreeing to pay up to £363m.
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NewsPoundland delivers quarterly like-for-like sales rise
Value variety store business Poundland has notched up a quarterly like-for-like sales rise, owner Steinhoff reported.
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NewsJones Bootmaker put up for sale by owner
Jones Bootmaker has been put up for sale by owner Alteri, which bought the retailer two years ago.
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NewsBoohoo profits to come in at top of expectations
Fashion etailer Boohoo expects profits to be at the top of its guided range after strong trading in recent weeks.
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NewsConsumer confidence dips as ‘mounting pressures’ bite
Overall consumer confidence fell one point in February to -6 as shoppers become increasingly nervous about making big-ticket purchases.
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NewsStaples rebranded Office Outlet by HMV-owner Hilco
Staples’ 106 UK stores are being renamed Office Outlet by new-owner Hilco Capital, which snapped up the retailer last year for a nominal sum.
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NewsAshley enters the fray as Agent Provocateur sale nears
Mike Ashley’s Sports Direct has emerged as a bidder in the race for struggling upmarket lingerie chain Agent Provocateur.
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NewsBusiness rates: Labour ramps up pressure over reform
Shadow chancellor John McDonnell will host a roundtable on business rates today as Labour ramps up the pressure on the government to reform the system.
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NewsMcColl’s full-year profits slide despite rising sales
McColl’s has posted a drop in full-year profits after the acquisition of almost 300 Co-op stores weighed on its bottom line.
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NewsPrimark half-year sales spike amid ‘strong’ expansion
Primark expects to post a jump in total sales and like-for-likes in the UK during its first half following a “very strong” store opening programme.
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NewsBreakfast briefing: Tesco and the Co-op
Retail news round-up: Tesco-Booker adviser wins contracts with regulator, Co-op group commits to 100% Fairtrade cocoa in its products
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NewsThis week in retail: Primark's take on fashion market
Value fashion powerhouse Primark takes to the City catwalk this morning with a pre-close update ahead of next month’s interims.
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NewsTrade bodies lobby Government over rates reform
A group of trade bodies, including the British Retail Consortium (BRC), have written to the Government urging reform of the business rates revaluation.
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NewsToday in retail: Is it a new Day for department stores?
Edinburgh Woollen Mill Group has snapped up a former BHS site in Wales, which is set to be named after the group’s owner Philip Day.
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NewsHotel Chocolat to launch in-store 'Chocolate Lock-Ins'
Hotel Chocolat is preparing to launch ‘Chocolate Lock-Ins’ at stores across the UK as it ramps up its experiential retail credentials, Retail Week can reveal.
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NewsBHS liquidator seeks business rates refund
BHS liquidator FRP Advisory has waded into the ongoing business rates debate by seeking a refund for part of a multimillion-pound bill incurred by the collapsed department store chain.
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NewsHotel Chocolat unveils tasty profit and sales jump
Hotel Chocolat delivered a profit and sales jump in its half-year, sweetened by Christmas sales, new stores and an increase in online transactions.
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NewsToday in retail: Asda stems the tide of falling sales
Asda may have recorded its 10th consecutive quarter of declining sales today, but new boss Sean Clarke was cautiously optimistic.
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NewsAsda sales drop but rate of decline slows
Asda has suffered its tenth consecutive quarter of falling sales, but bosses hailed “early signs of improvement” as the rate of decline slowed.
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NewsHammerson to offload property in new development focus
Hammerson is ready to offload more than £400m of property assets this year as it focuses its investment on new developments.