All City & finance articles – Page 193
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NewsSports Direct increases credit facility to £907m
Sports Direct has increased its credit facility to more than £900m to help fund founder Mike Ashley’s vision to become ‘the Selfridges of sport’.
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NewsAO.com losses widen as investment hits bottom line
AO.com has posted widening losses at the interim mark despite healthy sales rises across the UK and Europe.
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NewsCrew Clothing on cusp of sale to Exquisite Apparel
Crew Clothing is on the cusp of being sold to US-based clothing manufacturer Exquisite Apparel, Retail Week has learned.
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NewsDFS’ Sofology acquisition given green light by CMA
DFS has been given the go-ahead by the competition watchdog to complete its £25m acquisition of rival retailer Sofology.
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NewsBonmarché profits jump as turnaround bid builds momentum
Bonmarché has posted a spike in half-year profits and sales as boss Helen Connolly’s turnaround efforts began to bear fruit.
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NewsBrightHouse bondholders on cusp of restructuring deal
BrightHouse owner Vision Capital could be left with just a 3% stake in the retailer as part of a £220m restructuring of the embattled business.
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NewsAgenda: Bonmarché, AO, Kingfisher, Quiz, Mothercare, Majestic
Retail Week looks ahead to the next seven days, with updates from Bonmarché, AO, Kingfisher, Quiz, Mothercare and Majestic on the agenda.
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NewsFarfetch losses widen despite soaring sales
Farfetch’s losses have increased in its last financial year amid the business gearing up to prepare for a float.
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NewsTed Baker beats tough conditions with sales rise
Ted Baker has posted a third-quarter sales rise, despite tough trading conditions in some of its markets.
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NewsTesco-Booker merger plan blasted by leading shareholder
Tesco’s planned merger with wholesaler Booker has been attacked by one of the grocer’s top shareholders.
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NewsCard Factory sales rise but 'external' pressures bite
Card Factory said sales grew 6.7% in the nine months to October 31, but warned that it still faces pressure from slumped Sterling and rising wages.
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NewsGame full-year profits slide amid 'volatile' markets
Game has racked up full-year losses as the retailer battled with a ‘volatile’ UK gaming market and invested in its fledgling events and esports business.
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InterviewRetail Week Live: John Rogers on how to beat Amazon
Sainsbury’s pulled off the biggest retail acquisition of the year in 2016 when it snapped up Argos owner Home Retail Group in a £1.4bn deal.
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NewsB&M profits soar as it ploughs on with store expansion
B&M has recorded a spike in interim sales and profits as boss Simon Arora said the retailer continued to “prosper in a challenging retail environment”.
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OpinionOpinion: As M&A activity slows, don’t forget the float
Despite the rush for retail consolidation sparked by Tesco’s move for wholesale titan Booker, 2017 has been a relatively slow year for mergers and acquisitions.
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NewsIkea sales grow as it hits 30-year UK anniversary
Ikea’s UK sales rose as the Swedish furniture and homewares retailer marked 30 years in Britain.
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NewsAgenda: Asda updates and ONS retail sales data
Retail Week looks ahead to the next seven days, with an update from Asda and inflation and retail sales data from the ONS on the agenda.
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NewsSuperdry sales up but soaring wholesale hits margins
Superdry’s sales shot up in its half year, boosted by a stellar performance in its wholesale division.
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NewsHalfords profits down despite strong retail performance
Halfords profits dipped at the half-year mark despite a strong performance in its retail services division.
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NewsSainsbury's profits drop as investment hits bottom line
Sainsbury’s has suffered a slump in half-year profitability as investments in price, increasing labour costs and Argos losses hit its bottom line.