Latest finance news – Page 337
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NewsBHS: The 40 stores facing closure unless landlords agree to slash rents
BHS is seeking rent reductions on half of its stores through a creditors voluntary arrangement (CVA) as it bids for a turnaround.
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NewsBeales could shutter stores as it launches CVA to slash rents
Beales is seeking rent reductions on around a third of its stores after claiming some shops have been “hampered by expensive legacy leases.”
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NewsSir Philip Green in talks with government agency over BHS pensions deficit
Sir Philip Green is believed to have been asked to contribute to the cost of rescuing ailing BHS’s pension scheme, according to reports.
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NewsDreams’ profits and sales rocket as three-year plan takes hold
Beds specialist Dreams’ full-year profits have more than tripled after strong sales as its turnaround plan remains on track.
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NewsIkea's UK profits nearly triple after healthy rise in sales
Swedish home furnishings specialist Ikea’s UK profits nearly tripled last year after several years of earnings volatility.
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NewsSainsbury's clarifies option of hostile bid for Argos owner Home Retail
Sainsbury’s has opened the door to a potential hostile bid for Argos-owner Home Retail after clarifying its position in the battle for the retailer.
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NewsBreakfast briefing: Retail news on Sainsbury's and Walgreens Boots Alliance
Retail news round-up on March 4, 2016: Sainsbury's clarifies pre-conditions for Home Retail bid could be waived and Walgreens Boots Alliance eyes Australia.
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NewsAgenda: John Lewis and Morrisons full-years, and Home Retail updates
Retail Week looks ahead to next week with full-year figures from John Lewis and Morrisons and Home Retail’s fourth-quarter update on the agenda.
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NewsBHS threatens store closures as it launches CVA to cut costs
BHS is seeking rent reductions on more than half of its estate and has warned it will otherwise be unable to meet financial obligations.
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NewsWhistles boss Jane Shepherdson hires KPMG to find new investors
Whistles chief executive Jane Shepherdson is on the hunt for a new investor for the fashion retailer, according to reports.
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NewsWickes full-year sales and profits rise as it 'gains market share'
Travis Perkins’ consumer division, which largely comprises Wickes, reported rising profits and sales for the full year.
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NewsBreakfast briefing: Retail news on Sports Direct, Whistles and Sports Authority
Retail news round-up on March 3, 2016: Keith Hellawell to stay as Sports Direct's chairman, Whistles seeks new ownership and Sports Authority goes bankrupt.
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NewsSports Direct disappears from FTSE100 as Morrisons re-enters
Sports Direct has officially dropped out of the FTSE100, while grocery giant Morrisons has re-entered the index after a short absence.
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NewsSports Direct set to drop out of FTSE100 while Morrisons could return
Sports Direct is expected to drop out of the FTSE100, while Morrisons could replace the under-fire retailer in the index.
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NewsSteinhoff's Conforama tables rival bid for electricals retailer Darty
Steinhoff has crashed the party on another deal by lining up a rival bid by Conforama for UK-listed electricals retailer Darty.
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NewsPoundland appoints ex-B&Q head as new boss as Jim McCarthy steps down
Poundland has unveiled a change at the top with long-serving boss Jim McCarthy to be replaced by former B&Q chief Kevin O’Byrne.
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NewsRetail prices fall for 34th consecutive month as food deflation returns
Retail prices in February fell for the 34th consecutive month, dropping 2% compared to the same time last year.
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NewsBreakfast briefing: Retail news on BRC retail sales, Darty and more
Retail news round-up on March 2, 2016: February shop prices see sharp decline and Steinhoff’s unit Conforama eyes cash offer for Darty.
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NewsMcColl's to extend Subway pilot as it bolsters food-to-go offer
McColl’s is extending its pilot with fast-food giant Subway as it presses ahead with plans to enhance its food-to-go proposition.
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NewsZalando’s profits and revenue rocket as customer base grows
German etailer Zalando has posted surging sales and profits during 2015 as it attracted a growing number of customers to its website.