All City & finance articles – Page 303
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NewsAustin Reed Group steps up turnaround bid with investment firm loan
Austin Reed Group has secured an unspecified three-year loan from investment firm Alteri as it aims to turnaround the business and boost its multichannel offer.
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AnalysisMarks & Spencer’s full year: Five things to look out for ahead of its results
Marks & Spencer will unveil its full-year results on Wednesday. Here, Retail Week highlights five key areas to look out for:
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NewsThorntons chief exec Jonathan Hart steps down after four years at the helm
Thorntons chief executive Jonathan Hart is stepping down from the embattled chocolatier after four years heading up the business.
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NewsBritain expects first deflation in more than 50 years
Britain is expected to fall into deflation for the first time in more than 50 years because of falling food and fuel prices.
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NewsNew Look boss: New owner Brait is in it for the long term
New Look’s boss has welcomed Brait and its long-term investment plan for the retailer, suggesting it is not a typical private equity firm.
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NewsNew Look sold to South African investment group Brait in £1.9bn deal
Fashion retailer New Look has been sold to South African investment group Brait in a deal valuing the retailer at £1.9bn.
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VideoThe Retail Week: The election outcome, a retail image crisis and M&S
Content editor Nicola Harrison and senior reporter Caroline Baldwin discuss the biggest retail stories from the past week.
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NewsUS private equity firm TPG buys majority stake in Poundworld in £150m deal
US private equity firm TPG has bought a controlling stake in Poundworld in a deal understood to be worth as much as £150m.
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NewsBHS bolsters pre-teen offering with Claire’s Accessories partnership
BHS has signed a deal with Claire’s Accessories to trial six concessions in stores to complement its pre-teen clothing range.
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NewsHarveys owner profits up 42% after focus on costs and promotions
Harveys and Bensons for Beds owner Steinhoff has recorded a profits surge after managing costs and taking a new approach to promotions.
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AnalysisWill the EU’s digital single market make a difference for retailers?
Europe has made its first steps towards creating a digital single market, but will it improve international trade for retailers?
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NewsEtailer Zalando 'optimistic' for year after first quarter sales surge
German fashion etailer Zalando said it is “optimistic” for the rest of the year after sales surged 28.5% during its first quarter.
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NewsRetail sales slip in April due to Easter timing but underlying trade positive
Retail sales fell in April, distorted by the timing of Easter, but the underlying trend looks positive, according to the BRC-KPMG’s Retail Sales Monitor.
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NewsConviviality Retail sales to rise despite delayed store openings and discounting
Conviviality Retail expects revenues to increase despite new stores opening later than expected and heavy discounting in the market.
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AnalysisAnalysis: Five priorities for Tesco UK's new boss Matt Davies
Halfords boss Matt Davies takes the reins of Tesco on Monday, the latest addition to Dave Lewis’ new team. Retail Week examines his top priorities.
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NewsMonsoon outlines improvement plan after annual profits slide
Fashion retailer Monsoon Accessorize has launched a wide-ranging business improvement programme after profits nosedived last year.
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NewsMorrisons sales fall in first quarter under Potts: What the analysts say
Morrisons’ like-for-likes fell 2.9% in its first quarter, its first trading update since David Potts took the reins at the grocer.
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NewsScS blames 15.9% sales drop in April on general election uncertainty
ScS has blamed plunging like-for-likes and a drop in footfall in April on general election uncertainty and warmer weather as it issues a profit warning.
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NewsMorrisons sales fall in first quarter but rate of decline reduces
Morrisons’ sales continued to fall in the first quarter but the grocer has managed to dramatically slow the rate of its sales decline.
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VideoThe decline of grocery profit margins explained in 60 seconds
In the wake of Sainsbury’s full year financials, grocery reporter Luke Tugby explains the fall in profit margins for the big four.