All City & finance articles – Page 179
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NewsLord Kirkham-founded Fabb Sofas enters administration
Fabb Sofas has fallen into administration less than two years after it was founded, due to a lack of external funding.
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VideoThe Retail Week: Will a CVA save House of Fraser?
House of Fraser aims to axe more than half of its stores through a CVA. We discuss the proposals and whether they are enough to revive the department store’s fortunes.
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OpinionOpinion: Debenhams can benefit from HoF's adversity
“Every adversity, every failure, every heartache carries with it the seed of an equal or greater benefit.”
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NewsPoundworld to file intention to appoint administrators
Poundworld will file its intention to appoint administrators today after a rescue bid from Alteri collapsed, putting 5,500 jobs at risk.
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NewsHouse of Fraser plans 31 store closures as CVA unveiled
House of Fraser has proposed the closure of 31 stores through a CVA, details of which have now been revealed.
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NewsJoules profits to beat expectations after sales surge
Joules expects full-year profits to come in just ahead of City expectations after sales rose strongly last year.
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NewsCarpetright secures £60m lifeline through share issue
Carpetright has secured the £60m it needs to fund its CVA and restructuring costs via a share issue.
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NewsWHSmith travel sales rise as high street dips
WHSmith’s travel sales rose in its third quarter as it developed a new smaller format for high street stores.
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NewsAO.com full-year losses widen despite sales rise
AO.com has slipped further into the red despite increased sales as Britain’s Got Talent marketing costs and the weak pound bit into its bottom line.
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NewsQuiz profits and sales soar in 'excellent' year
Quiz has posted a leap in full-year profits and sales, bolstered by a rapidly growing customer base and its successful float.
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NewsPoundworld closing in on rescue deal with Alteri
Former Austin Reed owner Alteri Investors is closing in on a deal to rescue embattled Poundworld.
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NewsHouse of Fraser insists CVA plan ‘on track’
House of Fraser has insisted it is “on track” with plans to launch a CVA and secure new investment despite an alleged battle with its lenders.
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NewsAgenda: WH Smith, Quiz, Joules and AO update the market
Retail Week looks ahead to the next seven days, with updates from WH Smith, Quiz and Joules on the agenda, plus the latest BRC retail sales figures, all on the agenda.
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NewsMothercare CVA given green light by creditors
Mothercare’s creditors have approved the troubled retailer’s plans to shutter 50 stores and slash rents through a company voluntary arrangement (CVA).
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NewsHoF lenders seek cash injection as CVA approaches
House of Fraser’s key lenders are demanding proof that its Chinese shareholders will provide the £70m capital pledged last month.
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NewsHut Group acquisitions boost profits and sales
The Hut Group’s profits and sales have rocketed following its acquisitions of new brands over the year.
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NewsAsda full-year like-for-likes inch up as profits fall
Asda’s pre-tax profit shrank 10% last year despite an increase in like-for-likes.
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OpinionWas Baldock's attack on Dixons Carphone warranted?
The new boss of Dixons Carphone, Alex Baldock, pulled no punches this week when he slammed his predecessor and issued a profit warning.
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NewsM&S swerves FTSE 100 relegation as Ocado rises up
M&S has narrowly avoided being relegated from the FTSE 100 despite its share price tumbling after it unveiled a 66% profit drop and 100 store closures.
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OpinionOpinion: Tesco should reverse its decision to quit BRC
As the retail industry is convulsed by radical change, it’s vital that it makes its voice heard in the corridors of power while it readjusts.