Latest finance news – Page 357
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NewsTesco could delay sale of Korean business as local currency slides
Tesco could earn less than expected from the sale of its Korean business – and could delay the sell-off – after a slide in the local currency.
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NewsNew BHS owner Retail Acquisitions seeks £70m to fund turnaround
Retail Acquisitions, the new owner of BHS, aims to raise about £70m from the City to fund the retailer’s turnaround plans.
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NewsGadgets retailer Menkind plans expansion after buying competitor Red5
Gadgets and gifts specialist Menkind has bought counterpart Red5 and plans expansion in the UK and overseas.
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NewsJohn Lewis’ Mayfield renews call for fundamental business rates reform
Reform of business rates would help boost UK productivity, top retailers have told the Government.
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NewsBreakfast briefing: Retail news on Tesco's Homeplus, BHS and Phones 4U
Retail news round-up on August 24, 2015: Private equity firms team up to bid for Tesco’s Homeplus and BHS seeks £70m for revival.
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NewsInfographic: Waitrose receives Bake Off boost as John Lewis hit by weather
Waitrose sales were boosted by the Great British Bake Off while John Lewis recorded a sales dip during the week ending August 15.
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NewsPet Supermarket owner MedicAnimal saved from administration
Pet product etailers MedicAnimal and Pet Supermarket have been saved from administration after being bought by Forward Dimension Capital.
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NewsFat Face boss on how board reshuffle paved way for online and US growth
Fat Face boss Anthony Thompson has revealed how a board restructure has set the business up for US expansion and online growth.
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NewsFat Face EBITDA falls as retailer plots expansion into the US
Fat Face said its full-year EBITDA dropped 7.1% to £36.5m because of increased investment and “unseasonably warm weather” in its second quarter.
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NewsThe Fragrance Shop records profits and sales jump as expansion continues
The Fragrance Shop has recorded a surge in sales and profits during the year as it continues its aggressive expansion plans.
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NewsMorrisons faces multimillion pound write-down on convenience store deal
Morrisons faces a multimillion pound bill due to a write-down from the offloading of its 150 c-stores to investment firm Greybull Capital.
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NewsWHSmith reveals travel business is booming as passenger numbers increase
WHSmith has revealed its travel business has delivered a strong performance in its second half after a growth in passenger numbers.
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NewsAmerican Apparel admits edging nearer to the brink as losses spiral
Troubled retailer American Apparel has cast fresh doubts over the future of its business as it revealed net losses had widened to $19.4m (£12.4m).
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NewsSpanish department store El Corte Inglés faces internal revolt over sale
A disgruntled shareholder of El Corte Inglés has slammed the group’s plans to sell a stake in the business to a Qatari investor.
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NewsHamleys receives bid interest from Middle Eastern owner of The Toy Store
Hamleys is the subject of bid interest from Gulf Greetings, the owner of rival toy retailer The Toy Store.
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NewsConvenience veteran behind bid for Morrisons' M Local c-stores
Convenience retail veteran Mike Greene is spearheading the proposed acquisition of Morrisons’ M Local stores, Retail Week understands.
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NewsAndy Clarke: Asda on an "upward curve" after worst sales slump in 50 years
Asda boss Andy Clarke admits the grocer has reached its lowest ebb after reporting the worst quarterly sales slump in its 50-year history.
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NewsConsumer Price Index edges up 0.1% year on year, driven by clothing
The Consumer Price Index (CPI) has increased by 0.1% in the year to July 2015, thanks to a small drop in the price of clothing.
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NewsAsda Q2 like-for-likes fall 4.7% but boss Andy Clarke vows to stay put
Asda has reported a 4.7% fall in like-for-like sales in its second quarter but boss Andy Clarke has dismissed speculation over his future.
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NewsMcColl's amends £85m revolving credit facility to support growth
McColl’s has signed an amended £85m revolving credit facility for two years as the convenience group continues to eye new stores.