Latest finance news – Page 498
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NewsDeadline for Peacocks bids looms as other retailers target the stores
Private equity firms including Permira and Cinven are understood to have ruled out buying Peacocks, while other investment firms and retailers eye its stores.
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NewsWHSmith top line expected to rise over the next five years
WHSmith is expected return to revenue growth over the next five years as it benefits from improved margin mix and overseas expansion.
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NewsHawkins Bazaar back in the game
The owner of Hawkins Bazaar, Primary Capital – which bought back the business out of administration last week – plans to revive the toy retailer by focusing on concessions and online as it appoints a new chief executive.
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NewsPrimark optimistic for 2012 after strong sales
The squeeze on consumers will lessen in 2012, directors of Primark’s parent company believe.
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NewsWHSmith posts 5% like-for-like fall
WHSmith said it delivered a “resilient” performance despite a 5% drop in like-for-likes over the 21 weeks to January 21.
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NewsFlying Brands sales fall
Flying Brands suffered a fall in sales over Christmas from £4.47m to £3.29m.
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NewsManagement shake up as Irisa and Jacques Vert businesses merge
Private equity owner Sun European Partners has merged its two womenswear businesses Jacques Vert and Irisa, formerly Alexon, and has appointed Jacques Vert chief executive Paul Allen to head up the newly formed business.
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NewsMatalan asks banks to loosen covenants
Matalan has asked its banks to loosen its covenants on debt incurred in 2010.
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NewsCredit insurer will not extend cover for UK retail sector
Europe’s biggest trade credit insurance company Euler Hermes has said it will not extend levels of cover to the UK retail sector.
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NewsPoundland posts positive Christmas
Poundland enjoyed a “very encouraging” Christmas with like-for-like sales up 5.9%.
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NewsHMV granted breathing space by banks
UPDATED: Struggling entertainment retailer HMV has revealed its banks have relaxed its terms and given it more headroom in a move that will have a “materially positive impact on the Group’s profitability and cash flow”.
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NewsRetailers enjoy December sales rise
Retailers enjoyed a strong Christmas as sales rose 6.2% by value in December, according to figures from the Office for National Statistics.
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NewsBlacks set to be back in the black within a year
JD Sports Fashion chairman Peter Cowgill aims to turn a profit at Blacks in the next financial year.
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NewsBoots primes its multichannel offer
Boots is ramping up its multichannel offer this year after delivering a strong Christmas performance.
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NewsPeacocks crisis could reshape value sector
Debt and market conditions have been blamed for bringing value fashion group Peacocks to the point of collapse yesterday (Wednesday).
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NewsBuffett ups stake in Tesco
Billionaire investor Warren Buffett has increased its shareholding in Tesco.
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NewsAsos sales and margin up in third quarter
Fashion etailer Asos UK sales were up 10% to £62m in its third quarter.
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NewsPeacocks collapses into administration, 10,000 jobs at risk
Debt-laden value clothing retailer Peacocks has hit the buffers after a last ditch attempt by chief executive Richard Kirk to save the business failed.
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NewsComet schedules meeting with trade credit insurers
Comet is set to meet with trade credit insurers next week as the electricals retailer tries to determine whether they will carry on offering cover to its suppliers once the business is sold to OpCapita next month.
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NewsPast Times collapses into administration
Past Times has collapsed into administration after appointing KPMG this afternoon.