All City & finance articles – Page 184
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OpinionConviviality must sober up for its walk of shame
Conviviality is suffering the hangover to end all hangovers as financial chaos threatens to undo years of progress and hopes for further expansion.
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OpinionSir Ian Cheshire: We must count the true cost of pensions
When BHS made the headlines for its pension scheme rather than its collapse, it highlighted the ticking time bomb for the whole of retail.
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NewsDreams' full-year profits jump amid tough market
Dreams has increased profits and sales for the fourth consecutive year, bucking the trend in a “challenging” big-ticket market, Retail Week can reveal.
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NewsMade.com secures £40m investment as sales spike
Made.com has secured £40m of fresh investment to accelerate its European expansion after registering a climb in full-year sales.
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NewsHammerson rejects £5bn takeover approach from Klépierre
Shopping centre landlord Hammerson has rejected a £5bn approach from one of Europe’s largest mall owners, Klépierre.
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NewsPoundstretcher credit insurers reduce cover
Poundstretcher owner Crown Crest Group has had its credit cover cut as insurers continue to tighten terms for high street operators.
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NewsSmiggle readies Oxford Street flagship as sales surge
Smiggle is preparing to open an Oxford Street flagship and has reported a surge in first-half sales outside of its homeland.
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NewsConviviality considers equity fundraising in cash crisis
Conviviality, the embattled drinks retailer and wholesaler, has had “constructive discussions” with lenders and support from stakeholders as it addresses a funding crisis and may launch equity fundraising as it seeks to stabilise.
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NewsTesco shares climb as JP Morgan turns buyer
Tesco’s tie-up with wholesaler Booker has won over big broker JP Morgan, which has become a buyer of the grocer’s stock for the first time in five years.
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NewsClaire’s UK business safe despite US bankruptcy fears
Claire’s Accessories’ UK business does not face looming closure, despite reports that the retailer’s core US business may file for bankruptcy.
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VideoThe Retail Week: Urgent questions for Conviviality
In the wake of a disastrous week for Conviviality, we discuss the key questions facing the business and analyse where it goes from here.
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NewsAgenda: Ocado, Kingfisher, ScS, Ted Baker and Next
Retail Week looks ahead to the next seven days, with updates from Ocado, Kingfisher, ScS, Ted Baker and Next on the agenda.
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NewsCarpetright mulls CVA as part of turnaround mission
Struggling flooring specialist Carpetright is being advised by Deloitte about possible restructuring options including a company voluntary arrangement (CVA), Retail Week understands.
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NewsH&M sales slow in first quarter despite store openings
H&M has suffered a slowdown in sales during its crucial Christmas quarter despite pressing ahead with a rapid store expansion programme.
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OpinionOpinion: Next’s plan, not just profits, under scrutiny
Lord Wolfson deviated from the proverbial hymn sheet he’d been singing from for the past 18 months when Next last updated the market in January.
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NewsInditex global profits up as online sales jump
Inditex’s full-year profits and sales have risen during a year in which the retail giant ploughed ahead with global expansion.
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NewsToys R Us to close all stores as search for buyer fails
Administrators have failed to secure a buyer for Toys R Us and have informed staff that all of its 100 UK stores will close over the next six weeks.
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NewsBargain Booze owner Conviviality hit by cash crisis
Bargain Booze owner Conviviality is facing a cash squeeze after discovering it must pay HMRC £30m by the end of this month.
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NewsChancellor unveils business rates changes
Chancellor Philip Hammond has confirmed in his Spring Statement that business rates will now be reviewed every three years.
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NewsMaplin sale hopes fade as retail rivals circle stores
A clutch of retailers are circling Maplin’s store estate as its hopes of securing a rescue deal rapidly evaporate.