All City & finance articles – Page 146
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NewsArcadia CVA decision postponed after stalemate
Arcadia has delayed the result of its crunch CVA vote for a week in a last-ditch bid to convince more creditors to back the deal.
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NewsSports Direct tables £52m bid for Game Digital
Sports Direct has tabled a £51.9m offer for Game Digital – and pledged to launch an immediate review of its operations should the deal go through.
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NewsCard Factory sales up as it hails 'encouraging start' to the year
Card Factory saw total and like-for-like sales inch up in its first quarter, which it said represented an “encouraging start to the year”.
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NewsFindel profits soar as business proposes name change
Findel has posted “strong results” for the financial year including increases in profits and sales, as the board proposes changing its name at the next AGM.
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AnalysisHow Global Fashion Group is targeting developing markets
As Global Fashion Group plots its IPO, Retail Week takes a closer look at the ecommerce platform aiming to dominate emerging markets across the globe.
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NewsAO narrows losses amid 'renewed' strategic mindset
AO.com has narrowed its full-year losses off the back of strong sales growth across its UK and European markets.
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OpinionLeader: Backing Arcadia's CVA is best bet for creditors
As the fate of Arcadia hangs in the balance, there is a danger that this week’s CVA vote will turn into a popularity poll on owner Sir Philip Green.
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NewsMatalan profits rise despite 'tough climate'
Matalan has posted an uptick in full-year profit before tax and total sales that boss Jason Hargreaves attributed to “sales, margin, and cost management performance”.
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NewsGlobal Fashion Group prepares for float
Global Fashion Group has announced its intention to conduct an initial public offering ahead of listing its shares on the Frankfurt Stock Exchange.
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NewsKaren Millen owner puts chain up for sale
Karen Millen’s Icelandic owner is mulling a sale of the high street fashion chain, after receiving multiple offers for it.
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NewsGreen allegations cast fresh shadow over Arcadia CVA plans
Arcadia owner Sir Philip Green has been charged with four counts of misdemeanour assault in the US over the weekend, which has thrown his group’s restructuring plans into fresh doubt.
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NewsPension watchdog demands £50m more from Arcadia
The pension watchdog is calling for an extra £50m injection from Arcadia into its retirement scheme in exchange for votes to prevent the failure of its financial restructuring proposal.
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NewsAgenda: AO.com, Card Factory and Joules update the market
Retail Week looks ahead to the next seven days with updates from AO.com and Card Factory and the result of the Arcadia CVA vote on the agenda.
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NewsMountain Warehouse eyes store expansion as profits grow
Mountain Warehouse has posted its 22nd year of consecutive sales growth and committed to investing in its bricks-and-mortar presence, both in the UK and internationally.
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NewsMonsoon landlords call for equity stake ahead of CVA
A number of landlords have written to Monsoon demanding an equity stake in the business, in return for supporting any company voluntary arrangement.
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NewsWatches of Switzerland floats with £647m valuation
Specialist retailer Watches of Switzerland has floated on the London Stock Exchange at 270p per share, giving the retailer a market capitalisation of £647m.
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NewsArcadia refuses to pay more into pensions as CVA hangs in balance
Arcadia is refusing to pump more cash into its pension deficit as part of its CVA proposal, despite increasing fears pension regulators could vote against the group’s restructuring plan.
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NewsReiss denies majority stakeholder looking to sell
Reiss has categorically denied recent media speculation that private equity firm and majority stakeholder Warburg Pincus is looking to sell the retailer.
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NewsShop price inflation rate second highest in six years
Shop prices increased during May at the second highest rate in the past six years, driven by non-food inflation and “spiralling” business property tax.
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NewsPoundland owner posts sales rise as value chain ‘outperforms’
Pepkor Europe, owner of businesses including Poundland in the UK, has reported a rise in quarterly and half-year sales.