Latest finance news – Page 578
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News
Card Factory appoints KPMG to advise on sale
Greetings card retailer Card Factory has appointed KPMG to advise on a sale of the business, which could fetch up to £400m.
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NewsSnow hits Carpetright sales
Carpetright group sales grew 7% in the 13 weeks to January 30 as snow last month hit sales.
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NewsNew Look confirms IPO
New Look has confirmed that it will float on the stock exchange, poised to value the fast fashion retailer at £1.7bn.
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NewsAnger over Marc Bolland’s M&S pay deal
Investors and shareholder advisory groups have criticised the pay package awarded to incoming Marks & Spencer chief executive Marc Bolland.
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NewsBeaverbrooks cuts back on spending as profits fall
Jewellery specialist Beaverbrooks has cut back on spending after pre-tax profits fell from £4.6m to £200,000 last year.
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NewsHMV acquires Mama Group
HMV has acquired Mama Group after receiving an adequate level of acceptance from the live music group’s shareholders.
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NewsNew Look prepares for March IPO
New Look is preparing for an inital public offering in March that could value the fast fashion retailer at up to £2bn.
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NewsJohn Lovering to make bid for DFS
Veteran retailer John Lovering has teamed up with private equity firm Permira to put together a deal for furniture retailer DFS valued at more than £500m.
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NewsRetailers to pay more in business rates to fund Crossrail
Retailers will be forced to pay more in business rates in order to fund London’s Crossrail network.
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NewsNigel Northridge to succeed John Lovering as Debenhams chairman
Department store group Debenhams has named Nigel Northridge as its new chairman.
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NewsPets at Home gears up for growth after sale to KKR
Pets at Home chief executive Matt Davies is gearing up to make “a good business into a really great business” following its purchase by private equity house Kohlberg Kravis Roberts (KKR) in a £995m deal.
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NewsWHSmith festive sales slide but book market share grows
WHSmith has gained share in a dismal books market in which rival Borders collapsed and the boss of Waterstone’s stepped down following a terrible Christmas.
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NewsBeales prospects improve as it slashes losses
Department store chain Beales reported a resilient full-year performance and reduced pre-tax losses by more than a third.
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NewsJessops Plc delists as it moves to wind down
Jessops Plc officially delisted from the London Stock Exchange last week as shareholders voted to wind up the company after the core store business was sold to new company Snap Equity in September.
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NewsDFS targets £1bn sales after record full-year results
DFS has laid out plans to top £1bn in sales after reporting record full-year profits despite the challenging furniture market.
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NewsStore acquisitions send Ryman profits rising
Stationer Ryman’s turnover soared 125% in the year to March 28 as the retailer reaped the rewards from the integration of Partners and Stationery Box.
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NewsHome shopping retailer and supplier JML dodges recession
Home shopping retailer and supplier JML has said its niche products have cushioned it from the recession, with its home shopping arm driving the majority of its business.
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NewsAll Saints Christmas like-for-likes soar 32%
All Saints has reported a strong festive period, with like-for-like sales up 32% from December 1 to date.