All City & finance articles – Page 149
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NewsSelect in administration after 'horrendous' Christmas
Select has collapsed into administration, leaving the future of its 169 stores and 1,800 employees hanging in the balance.
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NewsDebenhams creditors give CVA green light
Debenhams’ creditors have approved the department store chain’s CVA, paving the way for it to close 22 stores next year.
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NewsDebenhams remains in hands of lenders after failed sale process
Debenhams’ sale process ended yesterday with no acceptable bids received as the department store’s creditors, investor consortium Celine, confirmed its commitment to the business.
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NewsMorrisons wholesale arm drives like-for-like rise in first quarter
Morrisons has unveiled positive like-for-like sales in the first quarter for the fourth consecutive year, driven by the strength of its wholesale business.
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NewsThe Works celebrates ‘successful year’ as revenues soar
The Works has cautioned full-year profits would come in at the lower end of expectations despite hailing a “successful year” of sales growth.
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NewsSuperdry issues profit warning
Superdry has issued a profit warning, after cautioning full-year profits would come in “lower than the current range of market expectations”.
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NewsBonmarché board unanimously rejects Philip Day offer
Bonmarché has unanimously rejected the offer made by prospective buyer Philip Day, and said the cost-reduction plans of its board will succeed “in the medium term”.
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NewsWickes hails 'encouraging' first quarter sales
Wickes has posted an increase in sales during its first quarter, driven by a “strong turnaround” in its kitchen and bathroom categories.
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NewsLeaders call for review of ‘unsustainable’ business rates
The president of the Confederation of British Industry (CBI) is calling for an independent review of the “uneconomical, unsustainable and unintelligible” business rates system.
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NewsCredit insurer Atradius slashes retail sector outlook
Credit insurance firm Atradius has downgraded the retail sector’s performance outlook for the year ahead from ‘fair’ to ‘poor’.
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NewsCo-op appoints former Lloyds of London executive as finance boss
The Co-op has appointed Shirine Khoury-Haq as its new chief financial officer, replacing Ian Ellis who announced his retirement last year.
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NewsAgenda: Morrisons and Superdry update the market
Retail Week looks ahead to the next six days with updates from Morrisons and Superdry on the agenda
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Wayfair's losses widen despite soaring sales
Wayfair’s losses widened despite posting a surge in sales and a record-breaking promotional day in its first quarter.
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NewsIntu warns CVA glut will hit rental income
Intu has warned its rental income will fall below expectations this year following a “higher than expected level of CVAs”.
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NewsSports Direct probed by financial regulators
Regulators are probing Sports Direct over its latest financial accounts and compliance with rules on inside information.
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NewsLandlords demand bigger Arcadia stake in exchange for CVA vote
A host of Britain’s biggest property owners have joined forces to demand a larger equity stake in Arcadia, should the fashion group push forward with a CVA.
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NewsOcado investors hit out at executive pay
A quarter of Ocado’s shareholders rebelled against the etailer’s renumeration plan for its directors at its annual general meeting.
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NewsWatches of Switzerland considers IPO as sales rise
Watches of Switzerland will consider a float after posting an increase in sales for its fourth quarter.
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NewsZalando sales and profits rise in 'strong' first quarter
Zalando has posted an increase in sales and profits and gained more customers during its first quarter.
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NewsN Brown profits edge up despite sales decline
N Brown has posted an uptick in full-year profits despite a decline in sales as boss Steve Johnson said a refocus of the group’s strategy is “now required”.