All City & finance articles – Page 144
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NewsThe Hut Group makes first foray into bricks and mortar in Manchester
The Hut Group has completed the purchase of a building that formerly housed a Jamie’s Italian restaurant in Manchester, marking its first move into bricks-and-mortar retail.
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NewsBonmarché shareholder ‘disgusted’ by Day bid U-turn
One of Bonmarché’s largest shareholders has lashed out over the fashion retailer’s U-turn on a £5.7m takeover bid by billionaire Philip Day.
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NewsBonmarché in Day offer U-turn as ‘poor’ trading continues
Bonmarché’s board has said that poor trading during the first quarter means the offer made by Philip Day looks “more attractive”, despite not having been improved.
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NewsNew Look celebrates return to ‘underlying profitability’
New Look is back in the black on an underlying basis after its turnaround programme bore fruit.
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NewsCarpetright reports ‘year of two halves’ as turnaround continues
Carpetright has posted reduced annual losses and said there has been strong like-for-like growth in the new financial year.
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NewsEdinburgh Woollen Mill suffers profit fall
Edinburgh Woollen Mill Group has posted a decline in full-year profits as it confronted challenging trading conditions.
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NewsCarrefour sells China business to Suning.com
Carrefour has become the latest big Western retailer to beat the retreat in China after agreeing to sell its business there.
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NewsGame advises investors to accept Sports Direct offer
Directors of computer entertainment retailer Game have advised shareholders to accept a takeover offer from Mike Ashley’s Sports Direct that values the business at £51.9m.
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NewsAgenda: Carpetright and Gear4Music update the market
Retail Week looks ahead to the next seven days with updates from Carpetright and Gear4Music on the agenda.
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NewsAshley calls for Goals Soccer Centres boardroom cull
Sports Direct boss Mike Ashley has called for a Goals Soccer Centres boardroom cull due to “the perceived lack of transparency” in its ongoing accounting crisis.
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AnalysisTesco: How Lewis will untap new growth opportunities
As Dave Lewis’ turnaround of Tesco nears completion, he is turning attention to new growth opportunities. Retail Week looks at where he is focusing his energy.
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AnalysisAnalysis: How Dixons Carphone plans to regain signal
As Dixons Carphone unveils a sharp decline in preliminary profits, chief executive Alex Baldock explains his plans to “stop the bleeding” and transform the struggling business
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NewsJD.com hits record $29.2bn sales in 6.18 shopping festival
Chinese ecommerce titan JD.com made a record-breaking $29.2bn (£23.2bn) in sales during its annual 6.18 shopping festival, bolstered by orders from smaller cities.
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NewsMulberry in the red as tough UK trading and investments take toll
Mulberry’s total revenues and pre-tax profits both fell last year, despite healthy growth in its international sales.
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NewsMonsoon offers landlords share of profits ahead of CVA
Monsoon Accessorize has rejected landlords’ demands for an equity stake in favour of a share of future profits, ahead of its mooted CVA proposal.
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AnalysisExclusive: Profits climb at Dreams for fifth year
As Dreams posts sales and profit growth for the fifth year in a row, Retail Week talks exclusively to boss Mike Logue about how the beds specialist continues to avoid the nightmare that so many other retailers are facing.
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NewsMonsoon CVA under pressure as landlords cast doubts
Monsoon’s proposed company voluntary arrangement is already facing opposition from large landlords ahead of its reported launch tomorrow, Retail Week understands.
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NewsSainsbury’s cuts prices on more than 1,000 own-brand products
Sainsbury’s has said that since February it has reduced prices on more than 1,000 of its own-brand products as it continues to invest “to offer the customers the best choice”.
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NewsGlobal Fashion Group sets IPO price range
Online fashion retailer Global Fashion Group, which operates in 17 countries, has set an IPO price range of between €6 and €8 per share.
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NewsArcadia faces US legal action over Topshop closures
A group of US property owners have launched legal action against Sir Philip Green’s Topshop business after its bankruptcy there.