Latest finance news – Page 329
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NewsAustin Reed formally enters administration as potential buyers circle
Austin Reed has collapsed into administration and there are already a number of interested parties waiting in the wings, Retail Week understands.
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NewsCarpetright maintains profit expectations as like-for-likes creep up
Carpetright’s profit expectations are unchanged as the group reported a 0.7% increase in UK like-for-likes during its fourth quarter.
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NewsBoohoo profits and sales up as international business accelerates
Fashion etailer Boohoo has unveiled a healthy jump in full-year profits and sales as its international business bore fruit.
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NewsBreakfast briefing: Retail news on BHS, Tesco and Forever 21
Retail round-up on April 25, 2016: BHS's administrator reportedly receives "interest" from potential buyers and Tesco ends special Clubcard Boost scheme.
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NewsBHS pension scheme facing investigation from regulator
The Pensions Regulator has opened a probe into beleaguered department store chain BHS’s pension scheme, which is facing a deficit of £571m.
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NewsFnac lodges final bid for Darty as bidding war with Conforama hots up
Fnac has upped its stake in electricals retailer Darty to 17.7% and lodged a third and final bid in its battle to acquire the business.
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NewsBHS officially enters administration, 11,000 jobs under threat
Department store chain BHS has filed for administration after a last-ditch effort to save the ailing retailer failed.
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NewsBHS expected to file for administration today as rescue effort fails
Struggling retailer BHS is expected to file for administration this morning, putting 11,000 jobs at the department store group on the line.
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NewsHouse of Fraser’s Chinese owner may sell stake to Hamley’s owner
Chinese tycoon Yuan Yafei, who controls Sanpower conglomerate, is considering offloading House of Fraser after acquiring the UK department store chain just two years ago.
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NewsBreakfast briefing: Retail news on BHS, House of Fraser, John Lewis and more
Retail round-up on April 25, 2016: BHS on the verge of collapse as rescue talks fail, House of Fraser could change ownership again and Mark Price gets 'golden goodbye'
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NewsCo-op chairman Leighton urges members to back turnaround by voting at AGM
The Co-op’s chairman Allan Leighton has issued a rallying cry to the mutual’s members to vote at its AGM as its turnaround plan continues.
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NewsAustin Reed files notice of intention to appoint administrator
Premium fashion retailer Austin Reed has filed a notice of intention to appoint an administrator, Retail Week can reveal.
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NewsUpdate: Battle continues to put BHS back on course
BHS chief executive Darren Topp has reacted angrily to industry speculation today that the retailer faced imminent administration.
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NewsBunnings owner Wesfarmers sales up but 'difficult trading' for Target
Bunnings owner Wesfarmers has unveiled an increase in third-quarter sales as it gears up for an assault on the UK DIY market.
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NewsExecutive pay is damaging public confidence, UK bosses warn
A group of high-profile bosses that includes Sainsbury’s chairman David Tyler has claimed executive pay in the UK is “not fit for purpose”.
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NewsBreakfast briefing: Retail news on Arcadia and Amazon
Retail round-up on April 22, 2016: Arcadia's full-year losses increases at its Irish arm, and Amazon comes under criticism for not providing drone saftey guide.
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NewsConforama increases bid for Darty for a third time in frantic bidding war
Steinhoff-owned Conforama has increased its bid for Darty for a third time as it continues to wrestle with Fnac for the French retailer.
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NewsSteinhoff's Conforama outbids rival Fnac with increased offer for Darty
Steinhoff-owned Conforama has increased its bid for Darty as it wrestles with Fnac for control of the French electricals retailer.
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NewsRetail sales flat after disappointing Easter with fashion the worst hit
Fashion retail sales by value fell 6.4%, while March’s overall retail sales fell by 0.1% year on year, latest figures from the ONS show.
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NewsPracticology bolsters management by hiring former Sweaty Betty director
Retail consultancy Practicology has hired Sweaty Betty’s former digital director as it targets clients in Europe and North America.