Latest finance news – Page 577
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NewsNo new developments in pipeline for British Land
The UK’s second-biggest landlord British Land said it has no imminent plans to begin any new property developments as it revealed strong figures for its third quarter.
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NewsHalfords considers HobbyCraft bid
Halfords is mulling a bid for the arts and crafts retailer HobbyCraft, according to reports.
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NewsSales growth slows to 15-year low in January as snow hits trade
Bad weather brought sales growth on the high street to a 15-year low in January down 0.7% on a like-for-like basis.
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NewsEthel Austin in administration
UPDATED: Ethel Austin, which was bought out of administration in 2008 by former MK One boss Elaine McPherson, hit the buffers today after being unable to gain banking facilities, with a poor January’s trading sealing its fate.
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NewsOcado appoints advisers ahead of float
Online food retailer Ocado has appointed advisors for ahead of a float which could come as early as May, according to reports.
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NewsThe Book People agrees £15m asset-backed loan deal
Direct bookseller The Book People has secured a £15m asset-based loan facility from specialist lender Burdale to support current and future working capital requirements.
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NewsBlacks Leisure to raise £20.3m for recovery drive
Outdoors specialist Blacks Leisure has unveiled proposals to raise £20.3m through a share placing and open offer.
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NewsDebenhams’ Rob Templeman linked to bid for DFS
Debenhams chief executive Rob Templeman is said to be considering a tie-up with private equity firm Cinven to mount a £500m bid for furniture group DFS.
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NewsGunnar Sigurdsson defends Baugur
Former Baugur chief executive Gunnar Sigurdsson has defended the Icelandic investor’s strategy one year on from the group’s spectacular collapse.
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NewsBurst of retail activity sends shares soaring
Retail sector excitement including boardroom musical chairs and details of the first IPO in years added some excitement to stores’ share prices, which outperformed the market.
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NewsCity backs ‘inspired’ choice for Morrisons chief exec role
The City has welcomed the appointment of Dalton Philips as chief executive of Morrisons, and many analysts expect the grocer to adopt a more aggressive growth plan.
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NewsSnow dampens Carpetright’s third quarter
Carpetright’s group sales rose 7% in the 13 weeks to January 30, but the UK performance was weaker than expected because of the snow.
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NewsCity still cautious about ‘badly bruised’ JJB Sports
JJB Sports’ latest trading update did little to cheer the City despite some signs of improvement.
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Findel debt reduction plan on track
Home shopping group Findel said its debt reduction plan is on track and pledged to restore sales growth to key operations as it updated on the 39 weeks to January 1.
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NewsCity backs Mothercare’s Boots tie-up
Mothercare and Boots have forged a strategic tie-up to create a clothing and accessories range.
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NewsPoor January sales drag down retailers
General retailers were hit in the wake of poor January sales data from the British Retail Consortium and wider market turbulence at the end of last week.
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NewsNew Look reveals global ambitions as it lines up float
Fashion giant sets sights on expanding international presence as it aims to raise £650m through IPO
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NewsNew Look management in line for bumper pay day
New Look’s management team is set to make millions of pounds from the retailer’s payment in kind (PIK) notes.
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NewsAdili suspends shares as future hangs in the balance
The future of ethical etailer Adili is unclear as it announced that its shares have been suspended after failing to secure finance for the company’s future.
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NewsEsprit like-for-like sales fall in the UK
Young fashion chain Esprit saw UK like-for-like sales across its retail and wholesale divisions fall during the six months to December 31.