Latest finance news – Page 327
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NewsBHS inquiry kicks off today but regulator interest piqued a year ago
MPs are expected to hear today that the BHS pensions probe began “soon after” Sir Philip Green sold the business to Retail Acquisitions.
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NewsSports Direct makes shock bid for Austin Reed while circling BHS
Sports Direct’s founder Mike Ashley has reportedly placed a bid to buy the beleaguered Austin Reed out of administration.
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NewsBreakfast briefing: Retail news on BHS, Austin Reed and Morrisons
Retail round-up on May 9, 2016: Lord Myners asks Sir Philip Green to 'calm down' after BHS collapse and Sports Direct tables bid for Austin Reed.
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NewsBreakfast briefing: Retail news on BHS, Austin Reed and Burberry
Retail round-up on May 6, 2016: Sir Philp Green calls for Frank Field to quit BHS inquiry and Hawes & Curtis owner eyeing Austin Reed.
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NewsAlibaba profits almost triple after delivering strong fourth-quarter sales
Alibaba’s full-year profits nearly tripled as the etailer delivered a strong fourth quarter driven by rocketing mobile sales.
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NewsHotel Chocolat boss Thirlwell: 'We are worth' £167m valuation
Hotel Chocolat boss Angus Thirlwell has insisted “we are worth it” after the business unveiled its initial public offering on AIM.
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NewsGame acquires augmented reality supplier to drive customer engagement
Game has acquired augmented reality software business Ads Reality to grow the group’s digital capabilities and customer engagement.
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NewsHotel Chocolat sets share price at upper end of range as it lists on AIM
Hotel Chocolat has set its share price at the top end of the anticipated range ahead of its float, valuing the retailer at £167m.
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NewsMorrisons like-for-likes rise as its food to go offer drives sales
Morrisons has posted a rise in first-quarter like-for-likes as boss David Potts said its efforts to stabilise trading were “taking effect”.
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NewsFarfetch raises £76m in new Asian expansion financing round
Luxury fashion etailer Farfetch has raised £76m ($110m) in a new financing round, which aims to facilitate international expansion.
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NewsMothercare launches finance initiative for suppliers
Mothercare has launched a new initiative to support its suppliers’ financial health, allowing them to request early payment of invoices.
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NewsSainsbury's boss: BHS demise supports rationale for Argos buy
Sainsbury’s boss Mike Coupe says the falls of BHS and Austin Reed have reaffirmed the grocer’s rationale for acquiring Argos.
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NewsNext lowers sales guidance after first-quarter revenue fall
Next has posted a 0.2% dip in total sales across its first quarter and has warned of a possible “wider slow-down in consumer spending”.
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NewsSainsbury’s swings to full-year profit in "rapidly" changing market
Sainsbury’s has swung to a statutory full-year pre-tax profit, but like-for-like sales dipped as the grocery sector continues to change “rapidly”.
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NewsGovernment launches full inquiry into the collapse of BHS
The government has launched an inquiry into the collapse of BHS, investigating the conduct of all directors involved in the retailer’s demise.
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NewsBHS administrators hire Savills to advise on store portfolio
BHS’s administrators have appointed property agency Savills to advise on its portfolio as they step up efforts to sell the business.
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NewsCo-op offloads former Somerfield sites as it increases c-store focus
The Co-op has offloaded a host of stores it acquired in the ill-fated purchase of Somerfield as it reshapes its core convenience estate.
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NewsConforama ups stake in Darty as tussle with Fnac continues
Steinhoff-owned Conforama revealed this morning that its shareholding of London-listed Darty now stands at 20.4% and is set to increase further.
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NewsJoules and discount retailer The Range shape up to launch IPOs
Fashion firm Joules is close to launching a £140m float, while discount furniture and DIY retailer The Range is also gearing up to go public.
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NewsBargain Booze owner Conviviality bags wholesaler Bibendum in £60m deal
Bargain Booze owner Conviviality is back on the acquisition trail after striking a deal to acquire drinks wholesaler Bibendum for £60m.