Latest finance news – Page 334
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NewsBHS to sell Oxford Street lease to Abu Dhabi landlord
BHS is to sell its Oxford Street flagship lease to the landlord, Abu Dhabi’s ruling family, as part of its plans to restructure.
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NewsNotonthehighstreet in talks to raise £25m in new shares
Notonthehighstreet.com is raising capital to accelerate its growth and take it closer to the prized $1bn (£700m) price mark milestone.
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NewsFindel hails ‘improvement in sales performance’ months after profit warning
Findel has hailed “an improvement” in sales performance, just two months after it warned on profits following a tough third quarter.
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NewsNext profits rise but boss Lord Wolfson warns of 'toughest' year since 2008
Next has posted a 5% uplift in full-year profits but boss Lord Wolfson warned that this year could be the retailer’s “toughest” since 2008.
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NewsGame boss Gibbs expects 'pain' of console upgrade to subside within a year
Game boss Martyn Gibbs has insisted the “pain” of customers crossing over to newer consoles will subside within the coming year.
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NewsKingfisher profits fall as Screwfix sales jump: what the analysts say
Kingfisher full-year profits fell 20.5% but like-for-like sales rose for B&Q and Screwfix. Here’s a look at what the analysts said.
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NewsBHS survives as 95% of creditors vote in favour of pivotal CVA
BHS has been given the green light to proceed with a CVA after 95% of creditors voted in favour of the proposals at the first of two crucial meetings.
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NewsJD Sports inks €26.5m deal for Dutch chains Perry Sport and Aktiesport
JD Sports has struck a €26.5m (£20.9m) deal to acquire beleaguered Dutch chains Perry Sport and Aktiesport from Unlimited Sports Group.
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NewsLaura Ashley full-year profits drop 9.6% despite strong like-for-likes
Laura Ashley has reported a 9.6% fall in full-year profits owing to a “challenging” international market, offset by strong like-for-likes.
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NewsSports Direct admits full-year profits will be near bottom of target range
Sports Direct has clarified its full-year profits are expected to be at the bottom of its target range, after comments by boss Mike Ashley.
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NewsGame half-year profits tumble 32% as UK market remains "challenging"
Game has posted a 32.2% drop in half-year pre-tax profits and fall in sales as it continues to be hit by a “challenging” UK market.
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NewsKingfisher full-year profits slide but B&Q and Screwfix sales up
Kingfisher has reported a 20.5% fall in full-year pre-tax profits but boss Véronique Laury said its turnaround has made “solid progress”.
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NewsBHS to learn its fate today as landlords and creditors vote on CVA
BHS will today find out if its proposed CVA application to reduce rents on more than half of its stores has been approved by landlords.
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NewsBreakfast briefing: Retail news on UK inflation and Moody’s warning
Retail news round-up on March 23, 2016: February inflation rate remains flat and Moody’s warn that Brexit would burden retailers and food suppliers with extra costs.
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NewsSports Direct's share price tumbles as MPs launch fresh attack on Ashley
Sports Direct’s share price has nosedived today after founder Mike Ashley admitted the embattled retailer is “in trouble”.
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NewsDarty boss Schultz welcomes interest from Fnac and Steinhoff's Conforama
Darty boss Regis Schultz has welcomed takeover interest in the retailer and insisted the French electricals market needs to be consolidated.
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NewsMajestic Wine-owned Naked Wines toasts its first £100m sales year
Majestic Wine-owned etailer Naked Wines has smashed through the £100m annual sales barrier for the first time in its history.
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NewsDixons Carphone to acquire telecoms price comparison site Simplifydigital
Dixons Carphone is to acquire TV and telecoms switching platform Simplifydigital as it aims to build a “significant services business”.
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NewsSainsbury's Coupe: Argos acquisition could spark more grocery 'alliances'
Sainsbury’s boss Mike Coupe believes the potential acquisition of Argos could drive more grocers to seek “alliances” with fellow retailers.
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NewsSainsbury's closes in on Argos with £1.4bn bid for owner Home Retail
Sainsbury’s has tabled a cash-plus-shares bid of £1.4bn for Argos owner Home Retail Group, just an hour after Steinhoff pulled out of the running.