All City & finance articles – Page 179
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NewsAsda sales rise for fourth consecutive quarter
Asda has registered its fourth consecutive quarter of sales growth as the earlier fall of Easter boosted its performance.
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NewsShop Direct leaves City £55m out of pocket
Investors in Shop Direct have taken a hit after fears of a consumer credit crackdown triggered a sell-off in the company’s debt.
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DataData: Quarter of consumers shop at Sainsbury's and Asda
Around 25% of consumers shop at both Sainsbury’s and Asda where the two supermarkets are in close proximity, research has revealed.
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NewsBurberry profits rise in 'year of transition'
Burberry has posted an increase in full-year profitability as boss Marco Gobbetti hailed “promising early signs” in its transformation plan.
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NewsPoundworld founder Chris Edwards eyes rescue bid
Poundworld’s founder and former boss Chris Edwards is mulling a move to rescue the embattled business.
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OpinionOpinion: When it comes to retail, size isn't everything
Is big still beautiful? Many appear to think so. The financial community are obvious fans.
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AnalysisAnalysis: How Co-op and Nisa are gearing up for growth
Amid the noise generated by Tesco’s takeover of Booker, Morrisons’ splurge of supply deals and the proposed Sainsbury’s-Asda merger, the Co-op’s swoop for Nisa has been comparatively drowned out.
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NewsMothercare to seek fresh investment for rescue plan
Mothercare is set to tap up investors to bolster its restructuring plan with the launch of equity share placing alongside its full-year results this week.
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NewsPoundworld parent TPG parks CVA plan in favour of sale
Poundworld’s owner has halted plans for a possible Company Voluntary Arrangement (CVA) after receiving expression of interest from prospective buyers.
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AnalysisAnalysis: Does the CVA need a restructure of its own?
It was an unprecedented step – and one that consequently sent tremors pulsing through the retail and property industries.
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NewsAgenda: Asda, Mothercare and Burberry update the market
Retail Week looks ahead to the next seven days, with updates from Mothercare, Gear4Music and Asda on the agenda.
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NewsThe Hut Group obtains £600m loan to drive acquisitions
The Hut Group has secured a £600m revolving credit facility to supercharge its acquisition warpath and bolster its tech capabilities.
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CartoonBlower’s retail cartoon: House of Fraser’s CVA plan
Retail Week cartoonist Patrick Blower’s take on House of Fraser’s CVA plan
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NewsHouse of Fraser Group racks up £44m loss
House of Fraser Group swung to a £43.9m pre-tax loss last year as the Brexit vote, terrorist attacks and online competition weighed on the embattled department store business.
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NewsMorrisons boss Potts shrugs off Sainsbury’s-Asda deal
Morrisons boss David Potts has insisted the grocer is “well placed” to drive further growth, even if the proposed mega-merger between Sainsbury’s and Asda goes ahead.
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NewsEmbattled tycoon Wiese steps down from New Look board
Christo Wiese has relinquished his role on the board of fashion retailer New Look.
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NewsCo-op completes £137.5m swoop for c-store rival Nisa
The Co-op has formally completed its £137.5m acquisition of symbol group Nisa.
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NewsAgenda: Morrisons, Next and Superdry update the market
Retail Week looks ahead to the next seven days, with updates from Morrisons, Next and Superdry on the agenda.
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AnalysisAnalysis: Sainsbury’s-Asda merger’s property problem
Sainsbury’s proposed merger with Asda is almost certain to come under scrutiny from the competition watchdog amid concerns over how it could restrict consumer choice.
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NewsHouse of Fraser launches CVA to secure fresh investment
House of Fraser is the latest retailer to launch a CVA as it bids to strip costs out of the business and secure a new shareholder.