All City & finance articles – Page 173
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NewsThe Hut Group secures $1bn banking facility
The Hut Group’s banking facility has surpassed the $1bn mark for the first time, with additional funds earmarked for US and European expansion.
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NewsWyevale sells eight stores to Blue Diamond
Wyevale Garden Centres has sold eight branches to peer Blue Diamond.
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NewsHoF £70m cash injection delayed by legal action
House of Fraser’s slated £70m investment from C.banner has been delayed due to the legal challenge brought against the retailer by landlords following its CVA.
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NewsAmazon posts record profit growth as sales soar
Amazon has reported a 12-fold increase in its second-quarter profits driven by demand for Amazon Web Services and increased online sales.
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NewsIntu hit by falling retail property values
Shopping centre group Intu reported that weak sentiment towards the retail property market has led to a decline in value of its properties of £650.4m – a 6% fall.
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NewsJoules profits spike spurred by international sales
Joules has continued to defy the fashion doldrums with another set of full-year results that boast strong profit and sales growth.
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NewsEvans Cycles narrows losses as sales edge up
Evans Cycles has reported reduced losses at the full-year mark as the retailer pumped up sales through rising demand for e-bikes.
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NewsHouse of Fraser landlords launch legal challenge to CVA
Landlords have lodged a legal challenge in a bid to overturn House of Fraser’s company voluntary arrangement (CVA).
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NewsAgenda: Joules, McColl's, Hammerson, grocery data
Retail Week looks ahead to the next seven days, with updates from Joules, McColl’s, property giant Hammerson and Kantar-Nielsen all coming up.
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AnalysisCan Sports Direct’s new stores elevate profits?
Sports Direct posted a healthy rise in underlying earnings in its preliminary results, which the retailer largely attributed to its next-generation store portfolio.
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NewsAo.com sales up but weaker demand hits June performance
Electricals retailer Ao.com’s UK sales jumped 8% in its first quarter but sales in June slowed due to weaker consumer demand.
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NewsSports Direct takes £85m hit on Debenhams stake
Sports Direct full-year profits plunged as it took a £85.4m hit on its near-30% Debenhams stake over the year.
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NewsHotel Chocolat tastes sales success in ‘strong’ year
Hotel Chocolat has posted an increase in full-year sales, boosted by the opening of 15 new stores and its growing online customer base.
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NewsPoundworld closes further 40 stores
Poundworld has unveiled its third round of store closures in a week as the beleaguered value retailer continues to seek a buyer.
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NewsJohn Lewis sales slump due to hot weather and World Cup
John Lewis recorded a drop in its weekly sales as strong sales of summer products failed to offset declines in its home division.
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NewsTesco’s Carrefour tie-up set for French watchdog probe
The proposed tie-up between Tesco and Carrefour and its impact on their respective consumers and suppliers will be scrutinised by the French anti-trust authority.
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NewsMarks & Spencer to axe 350 store management roles
Marks & Spencer is planning a fresh wave of more than 350 job cuts in a drive to simplify its store management teams.
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NewsDebenhams denies cash crisis after credit insurance cut
Debenhams has insisted it is in a “healthy” financial position despite suffering a cut to its credit insurance.
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NewsAgenda: Mothercare, Hotel Chocolat, Sports Direct, AO
Retail Week looks ahead to the next seven days, with updates from Sports Direct, Hotel Chocolat and AO.com all on the agenda.
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NewsHalfords poaches Waitrose finance boss as CFO
Halfords has hired Waitrose finance director Loraine Woodhouse as its new CFO.