All City & finance articles – Page 120
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NewsCoronavirus: Intu to slash service charges for retail occupants
Institutional landlord Intu is set to slash service charges in its shopping centres to help offset costs as a growing number of struggling retailers refuse to pay first quarter rents.
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OpinionOpinion: Putting people before profit will count long after coronavirus crisis
So here we are. Lockdown. It was a move we all anticipated, but Boris Johnson’s words on Monday night still hit home harder than a Tyson Fury uppercut.
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NewsEve Sleep narrows losses but cautions on coronavirus impact
Eve Sleep has narrowed its full-year losses, but warned that it expects “subdued demand” to persist during the coronavirus outbreak.
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NewsTed Baker sells London HQ, warns of coronavirus sales slump
Ted Baker has sold its London headquarters in a £79m deal and increased its loan facility after warning that coronavirus-related store closures have shuttered the majority of its global store estate.
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NewsCard Factory, Moss Bros and N Brown warn of coronavirus impact
A clutch of retailers including Card Factory, Moss Bros, Watches of Switzerland and N Brown has warned of the impact of coronavirus on sales and profits.
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NewsCoronavirus: Kingfisher UK sales inch up as store closures across Europe bite
Kingfisher sales in the UK inched up last year driven by the strong performance of its Screwfix brand, as the retailer suffered from enforced store closures in France and Spain.
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NewsCoronavirus: Travis Perkins pauses Wickes demerger due to ‘extreme volatility’
Travis Perkins has put its planned demerger of home and DIY business Wickes on hold in light of “extreme stock market volatility”.
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NewsHotel Chocolat raises £22m to fuel online and international growth
Hotel Chocolat has raised £22m through a share placing to help fuel its online and international growth once the coronavirus pandemic has dissipated.
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AnalysisAnalysis: Next and ‘business as usual’ in the time of the coronavirus
Coronavirus is dominating headlines, from TV bulletins to the front pages of every newspaper section.
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NewsScS profits and sales up despite low consumer confidence
ScS has reported increases in both gross sales and profit in its half-year results, despite low customer confidence and the developing coronavirus situation.
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NewsCoronavirus: M&S expects profits at lower end of target range
Marks & Spencer has said profits for the end of the 2019/20 financial year could be at or even below the bottom end of expectations as a result of the ongoing coronavirus epidemic.
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NewsCoronavirus: Frasers Group issues profit warning after footfall and sales slump
Frasers Group has said the ongoing coronavirus epidemic will cause “significant disruption” to its business and that it would not achieve its previous profit guidance as a result.
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NewsJoules scales back investment as coronavirus plays havoc with guidance
Joules has not given investors any financial guidance for the year ahead due to the “ongoing uncertainty” over coronavirus, which has hit footfall and sales over the last few weeks.
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NewsBurberry store sales decimated by coronavirus
Burberry has suffered an eye-watering slump in sales after admitting the negative impact on demand sparked by coronavirus has “intensified” over the past month.
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NewsOcado posts sales rise but warns of coronavirus ‘disruptions’
Ocado Retail has posted a rise in sales during its first quarter but warned that the coronavirus pandemic could cause “further disruptions” to the business.
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NewsNext profits rise as it braces for £1bn coronavirus hit
Next has posted an increase in full-year profits but warned that the coronavirus pandemic will spark a “significant downturn in sales”.
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OpinionCoronavirus: Cash, agility and customer focus will mark retail’s winners
The likely collapse into administration of Laura Ashley is not solely the result of coronavirus. The pandemic was sadly the last nail in the coffin of a retailer that has struggled to appeal to shoppers for some time.
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NewsCoronavirus: Superdry to miss targets after sales hit
Superdry will miss its financial guidance after the coronavirus outbreak hit sales overseas and in the UK.
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NewsMorrisons posts profit rise but coronavirus brings ‘unprecedented challenges’
Grocer Morrisons has reported a rise in full-year profits but cautioned that the coronavirus pandemic brings “unprecedented challenges”.
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OpinionThe Secret Retailer: Boris, we face fight for survival without your help
In the first of our columns from a ‘secret retailer’, one chief executive with stores nationwide calls on the government to up its game on coronavirus – and warns businesses will go bust if it doesn’t.