Latest finance news – Page 497
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NewsTextiles tycoon in surprise Peacocks bid
Textiles tycoon Alshair Fiyaz has teamed up with Danish investment fund Solstra Capita to bid for collapsed retailer Peacocks.
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NewsOpCapita completes acquisition of Comet
Private equity firm OpCapita has completed its acquisition of Comet from electricals group Kesa.
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NewsGame granted breathing space by banks
Game has been granted breathing space by its banks after they agreed to revise the terms of the game specialist’s banking facilities.
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NewsGeneral retail flat as food groups suffer
General retailers trod water over the week in a flat market, but food groups underperformed as investors continued to fret about supermarket prospects and Kantar data showed the grocery market growing below the rate of food price inflation.
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NewsHamleys makes child’s play of trading as it posts record sales
Toy retailer Hamleys is set to post record annual sales after it notched up strong Christmas trading.
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NewsCarpetright Ireland business in recovery despite group profit warning
Carpetright issued a profit warning on Tuesday despite an improving sales trend that included a double digit like-for-like increase in the tough Irish market.
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NewsAmazon widens its sporting range in time for Olympics
Amazon has thrown down the gauntlet to sports specialists as it expands its range in the category in expectation of a spending surge during the Olympics.
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NewsGame confirms review of overseas business
Game has said it has put its overseas operations under review, confirming Retail-Week.com’s story yesterday.
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NewsDiscount grocer Ugo sold a year after launch
Discount grocery retailer Ugo has been acquired by an unnamed retailer.
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NewsGame to offload overseas operations
Entertainment group Game aims to offload overseas businesses as it seeks to stem widening losses in the face of a punishing games market.
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NewsTesco moves UK operations head Robbins
Tesco chief operating officer Bob Robbins will move roles within the business just three weeks after it was revealed he sold stock ahead of a profit warning.
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NewsMorrisons acquires meat processing facility
Morrisons has acquired a meat processing facility in Winsford, Cheshire from Vion UK.The 105,000 sq ft site is a centralised fresh pork and lamb packing plant which has the capacity to expand into beef products and increase its overall production.The acquisition will give Morrisons greater capacity as it continues to ...
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NewsAmazon full year profits plummet as it continues to invest
Online retail giant Amazon revealed a sharp drop in full year profits despite soaring sales.
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NewsCarpetright issues profit warning
Floorings retailer Carpetright has issued a profit warning despite an improving trend in sales.
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NewsOcado pre-tax losses narrow
Ocado’s full-year pre-tax losses have slimmed to £2.4m from £12.1m in 2010 while sales grew.
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NewsGarden Centre Group in exclusivity talks with Terra Firma
Garden Centre Group is to enter exclusivity talks with private equity firm Terra Firma, it is understood.
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NewsDolcis bought out of administration
The Jacobson Group has bought footwear retailer Dolcis out of administration.
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NewsWaitrose and Boots pare back product partnership
Upmarket grocer to phase out health giant’s products and replace with own-brand.
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NewsChristmas updates boost store stocks
As the Christmas trading season drew to an end, retailers of all sorts were in fashion.
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NewsFurniture Village sales rise but profit takes a hit
Furniture Village has defied the gloom in the big-ticket sector by posting rising sales in its full-year figures, but the retailer remains cautious on prospects.