All City & finance articles – Page 289
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NewsFat Face EBITDA falls as retailer plots expansion into the US
Fat Face said its full-year EBITDA dropped 7.1% to £36.5m because of increased investment and “unseasonably warm weather” in its second quarter.
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NewsThe Fragrance Shop records profits and sales jump as expansion continues
The Fragrance Shop has recorded a surge in sales and profits during the year as it continues its aggressive expansion plans.
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NewsWHSmith reveals travel business is booming as passenger numbers increase
WHSmith has revealed its travel business has delivered a strong performance in its second half after a growth in passenger numbers.
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NewsSpanish department store El Corte Inglés faces internal revolt over sale
A disgruntled shareholder of El Corte Inglés has slammed the group’s plans to sell a stake in the business to a Qatari investor.
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NewsConvenience veteran behind bid for Morrisons' M Local c-stores
Convenience retail veteran Mike Greene is spearheading the proposed acquisition of Morrisons’ M Local stores, Retail Week understands.
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NewsAndy Clarke: Asda on an "upward curve" after worst sales slump in 50 years
Asda boss Andy Clarke admits the grocer has reached its lowest ebb after reporting the worst quarterly sales slump in its 50-year history.
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NewsAsda Q2 like-for-likes fall 4.7% but boss Andy Clarke vows to stay put
Asda has reported a 4.7% fall in like-for-like sales in its second quarter but boss Andy Clarke has dismissed speculation over his future.
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NewsMcColl's amends £85m revolving credit facility to support growth
McColl’s has signed an amended £85m revolving credit facility for two years as the convenience group continues to eye new stores.
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NewsThe convenience market may be growing but Morrisons is right to sell stores
Morrisons’ likely disposal of its M Local convenience chain looks odd at face value but makes sense in the context of the grocer’s wider business.
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NewsH&M reports tenth consecutive month of double-digit sales growth
H&M has posted its tenth consecutive month of double-digit growth, driven by website improvements and broadened ranges.
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NewsFerrero completes £112m acquisition of chocolatier Thorntons
Italian confectioner Ferrero has completed its £112m takeover of Thorntons – and pledged to maintain the chocolatier’s name.
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VideoWatch: Morrisons’ M Local convenience misadventure in 60 seconds
Morrisons is seeking a buyer for its M Local convenience stores less than three years after the format’s launch. What went wrong?
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AnalysisAsda: Five things to look for in the grocer's second-quarter update
Asda will unveil its second-quarter results on Tuesday with boss Andy Clarke coming under increasing pressure at the supermarket giant.
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NewsMorrisons close to selling convenience business to investor Greybull
Grocer Morrisons is close to offloading its convenience stores to investment firm Greybull, as it focuses on a turnaround of its core business.
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NewsConviviality's bid to acquire drinks supplier Matthew Clark edges closer
Conviviality Retail’s acquisition of drinks wholesaler Matthew Clark has moved a step closer after beating off interest from any rival bidders.
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NewsAmerican Apparel warns investors it is running out of money
American Apparel warned its investors last night that it urgently needs to raise money or find new financing in order to keep operating.
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NewsZalando increases revenue guidance as it attracts more customers
Zalando has recorded a huge surge in revenues for the first half of the year and raised its revenue guidance for the rest of the year.
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NewsFerrero's £112m Thorntons takeover all-but complete as shareholding hits 90%
Ferrero has all-but completed its £112m takeover of chocolatier Thorntons, subject to approval from the European Commission.
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NewsScS hails "improved" fourth-quarter trading and finance boss Turnbull exits
Furniture retailer ScS has hailed “improved” trading and revealed its chief financial officer Ron Turnbull is stepping down.
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OpinionComment: Why investors have rolled out the red carpet for WHSmith
The dog days of August bring a good opportunity to ponder retail performance ahead of the peak trading period and WHSmith should do well.