All City & finance articles – Page 173
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NewsMike Ashley accuses HoF bosses of misleading suppliers
Sports Direct chief Mike Ashley has accused House of Fraser’s former bosses of “totally” misleading suppliers and the retailer’s warehouse operator.
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NewsFootasylum issues second profit warning despite sales rise
Footasylum has issued another profit warning despite sales rising, following a shock profit warning at its maiden results.
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NewsM&Co sales rise but profits remain flat
Value fashion retailer M&Co’s sales rose last year but profits remained stubbornly flat against a “challenging” backdrop.
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NewsPoundland puts Elvis on the checkout to drive sales
Poundland, which posted a dip in overall sales despite like-for-like momentum, has drafted in an Elvis Presley voiceover on its self-checkout machines to drives sales.
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NewsHomebase to axe 42 stores as creditors approve CVA
Homebase has been given the green light to shut 42 of its stores after its CVA plan was approved by creditors.
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NewsAgenda: Halfords, McColl’s and Dixons Carphone
Retail Week looks ahead to the next seven days, with updates from Dixons Carphone, Halfords and McColl’s.
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NewsHouse of Fraser warehouses close again amid XPO row
House of Fraser’s distribution centres have closed for a second time amid the ongoing row between new owner Mike Ashley and XPO Logistics.
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OpinionOpinion: Why Homebase deserves a lifeline from creditors
The fate of DIY retailer Homebase will be decided on Friday, when creditors vote on a proposed CVA.
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NewsHouse of Fraser property plan details emerge
House of Fraser landlords are being offered a variety of options on stores under new owner Sports Direct.
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NewsHomebase landlords ponder legal action over CVA
A group of landlords is weighing up legal action over DIY retailer Homebase’s CVA plans, which will be voted on by creditors this Friday.
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NewsBrexit: Warnings over higher card costs and more red tape
The Government has published the first technical notices for businesses on what will happen if no deal can be struck on Brexit with the EU.
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NewsSainsbury's-Asda: CMA kicks off investigation
The Competition and Markets Authority (CMA) has begun its investigation into the mega-merger between Sainsbury’s and Asda.
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NewsLaura Ashley profits dwindle despite fashion sales rise
Laura Ashley chairman Khoo Kay Peng was “disappointed” as rising fashion and online sales failed to offset a slump in the retailer’s preliminary profits.
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AnalysisHouse of Fraser: Who is owed what?
The administration of House of Fraser earlier this month left unsecured creditors almost £500m out of pocket. Here we look at some of the businesses to suffer and how much they were owed.
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NewsOffice Outlet launches CVA proposal
Office Outlet aims to shut four of its 95 stores in response to tough trading conditions.
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NewsHarrods’ Ward backs Ashley’s HoF turnaround ambition
Harrods managing director Michael Ward has spoken out in support of Sports Direct tycoon Mike Ashley’s ambitions to restore House of Fraser’s fortunes.
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AnalysisOpinion: Now Ashley needs to convince the City too
Mike Ashley doesn’t just need to convince suppliers that his plan for House of Fraser will work – he must get investors on side too.
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NewsSports Direct deal was HoF’s only option, says EY
Sports Direct’s bid for House of Fraser was “the best and only offer capable of being completed”, according to administrator EY.
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NewsB&Q sales rise as warm weather boosts performance
Kingfisher-owned DIY specialist B&Q notched up like-for-like growth of 3.6% in its second quarter, helped by good weather.
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NewsNotonthehighstreet swings to profit despite sales fall
Notonthehighstreet.com reported a swing into the black in its latest full-year results, spurred by a shift in marketing strategy to focus on more profitable customers.