All City & finance articles – Page 154
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NewsSainsbury’s-Asda CMA probe flawed, say economists
The competition watchdog’s investigation into the proposed merger between Sainsbury’s and Asda was flawed, according to a group of economists.
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NewsAgenda: Moss Bros, MySale, Brexit and Retail Week Live
Retail Week looks ahead to the next seven days with results from MySale and Moss Bros, plus the latest Brexit vote, on the agenda
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NewsPaperchase given the green light for a CVA
Paperchase is set to close at least five stores after winning credit approval for its proposed CVA this afternoon.
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NewsSainsbury's-Asda offer to sell 150 supermarkets
Sainsbury’s and Asda have offered to sell up to 150 supermarkets in a bid to convince competition authorities to agree to their £13bn mega-merger.
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NewsArcadia appoints GCW as it mulls CVA
Arcadia has appointed property agency GCW to oversee its proposed restructuring process, Retail Week understands.
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NewsSuperdry: ‘Back me to save Christmas’, Dunkerton urges
Superdry founder Julian Dunkerton has called on investors to back his reappointment to the board to ensure the strongest possible trading over the key Christmas period.
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NewsUpdate: Battle for Debenhams heats up
Debenhams has secured a £200m funding injection as the business battles to secure its future amid the overtures of Sports Direct.
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NewsMike Ashley rules out buying Arcadia ‘even for £1’
Sports Direct owner Mike Ashely has launched an attack on Sir Philip Green, insisting he wouldn’t buy his Arcadia retail empire even “for a pound”.
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NewsGame profits increase driven by cost-cutting programme
Game has posted an increase in profits at the half-year mark despite falling sales, in what boss Martyn Gibbs described as “a challenging retail environment”.
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NewsTed Baker full-year profits slide as sales rise
Ted Baker has posted a steep decline in its full-year profits despite increased sales, which acting boss Lindsey Page attributed to “difficult trading conditions.”
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NewsNext full-year profits edge down as store sales decline
Next has recorded a dip in pre-tax profits in its full-year results as falling sales in its stores were offset by rises across its online and brand sales.
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NewsRetail crime costs up to £1.9bn in 2018
The latest BRC Retail Crime Survey shows that spending on prevention and losses from crime cost the retail sector £1.9bn in 2018.
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NewsThe Entertainer sales and profits climb
The Entertainer recorded a rise in profits bolstered by strong like for likes, which founder Gary Grant credited to its ”enthusiastic, loyal staff”.
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AnalysisStore gallery: Lush boss smells success with new format
As Lush opens its biggest store to date in Liverpool, Retail Week speaks to boss Mark Constantine about the retailer’s full-year results and bold bricks-and-mortar ambitions.
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NewsOffice Outlet collapse puts 1,200 jobs at risk
Office Outlet, the stationery chain formerly known as Staples, has tumbled into administration just two years after its rebrand.
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NewsOcado to rebuild Andover warehouse following fire
Ocado has committed to rebuilding its Andover warehouse that was gutted by a fire, despite admitting the site is “ruined”.
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NewsScS profits increase in challenging market conditions
ScS, the upholstered furniture specialist, has reported an increase in half-year profits but said trading conditions remain uncertain.
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NewsBonmarché issues fresh profit warning after March setback
Bonmarché has warned that it will make a worse than expected loss this year after tough trading in March.
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NewsOcado sales advance despite warehouse fire
Ocado has posted an increase in sales in its first quarter, when a fire hit its Andover warehouse.
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NewsAsos posts sales rise as UK outperforms and US lags
Asos has recorded a rise in quarterly sales after a strong showing in the UK, but high demand in the US caused dispatch problems there.