Latest finance news – Page 336
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NewsBreakfast briefing: Retail news on BHS and Dick Smith
Retail news round-up on March 15, 2016: Hermes investment firm against BHS' rent cut demands and Collapsed Australian retailer Dick Smith to return as an online-only store.
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NewsSir Philip Green could be asked to pay £280m over BHS pension deficit
Sir Philip Green could be asked to pay £280m into BHS’s pension pot to stop the department store chain’s staff having their pensions cut.
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NewsSainsbury's considers £1.5bn bid for Home Retail as deadline nears
Sainsbury’s is considering upping its offer for Home Retail from £1.3bn to £1.5bn in an effort to outmanoeuvre bid rival Steinhoff.
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NewsChancellor urged to scrap link between business rates and RPI
Businesses are urging the Chancellor to reform business rates and stop basing the tax on the Retail Prices Index measure of inflation.
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NewsSports Direct tycoon Ashley ‘disgusted’ by ‘deliberately antagonistic’ MPs
Sports Direct tycoon Mike Ashley has reacted angrily to MPs who threatened him with being in contempt of Parliament.
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NewsAgenda: Sainsbury's, Ocado, Ted Baker results and Argos deadlines
Retail Week looks ahead to next week with full-year figures from French Connection, Ted Baker and bid deadlines for Argos on the agenda.
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NewsBreakfast briefing: Retail news on Harrods, Ikea and Argos
Retail news round-up on March 11, 2016: Harrods managing director to depart this summer and Ikea doubles its annual profit in Ireland.
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NewsMorrisons boss Potts insists there are 'no concerns' over Amazon tie-up
Morrisons boss David Potts insists he has “no concerns” over the nature of the grocer’s relationship with online giant Amazon.
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NewsHome Retail boss Walden: Argos has delivered 'clear value' for bidders
Home Retail boss John Walden said Argos demonstrated “clear value” for bidders Sainsbury’s and Steinhoff following its full-year results.
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NewsJohn Lewis Partnership reports fall in full-year profits
John Lewis Partnership has reported a 10.9% decline in full-year pre-tax profits to £305.5m, in line with expectations.
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NewsArgos like-for-likes fall but retailer reports improving trend over the year
Argos like-for-likes fell 1.1% in the eight weeks to February 27, hampered by declining sales of electricals.
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NewsMorrisons full-year profits fall but trading improves in fourth quarter
Morrisons full-year profits and sales have declined but the grocer has delivered an improving performance and will continue to invest in its turnaround.
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NewsBreakfast briefing: Retail news on BHS, Burberry, Reiss and more
Retail news round-up on March 10, 2016: BHS staff face immediate pension cut; multiple investors built stake in Burberry; and Reiss close to selling substantial stake to Warburg Pincus.
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NewsYoox Net-a-Porter unveils stellar results as EBITDA and revenues rocket
Fashion etailer Yoox Net-a-Porter has increased profits and revenues 31%, following the merger between the two luxury ecommerce rivals.
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NewsHotel Chocolat float marks retailer's 'coming of age', says boss Thirlwell
Hotel Chocolat co-founder and boss Angus Thirlwell has hailed the retailer’s intention to float as “a coming of age” for the business.
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NewsZara owner Inditex’s profits jump as like-for-likes up 8.5%
Zara owner Inditex has posted a sharp rise in full-year profits and sales as it continued its global store expansion plans.
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NewsTesco eyes mobile expansion with bid to buy O2 out of JV
Tesco is looking to make a further push into the UK mobile market by buying the stake of Tesco Mobile it does not already own, according to reports.
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NewsHotel Chocolat to float on AIM to 'accelerate' growth plans
Hotel Chocolat intends to float on the London Stock Exchange market for smaller firms, AIM, as it plots more store openings.
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NewsBHS collapse could cost its creditors £1.3bn, CVA document warns
BHS has told its creditors they could lose up to £1.3bn if they do not agree to proposals to slash the beleaguered retailer’s rents.
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NewsBreakfast briefing: Retail news on BHS, Mulberry, Burberry and retail sales
Retail news round-up on March 8, 2016: BHS's pension gap bigger than thought, Mulberry names new financial director and Burberry in search of mystery stakebuilder.