All City & finance articles – Page 48
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NewsCath Kidston owner considering sale
Cath Kidston may be up for sale for the second time in less than a year.
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NewsBoohoo unveils new growth plan as it chases £5bn market cap
Pureplay fashion giant Boohoo has unveiled a new growth share plan in the wake of a “significantly decreased market capitalisation”.
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NewsMorrisons’ credit rating downgraded by Moody’s
Morrisons’ credit rating has been downgraded by Moody’s following poor sales and profits.
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Opinion‘Does Tile Giant administration signal the end of the DIY boom?’
After a phenomenally busy period when everybody became Handy Andy or Andrea and painted the walls rather than climbed them during the depressing days of lockdowns, things are looking trickier as the consumer mentality shifts from DIY to done-IY.
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NewsAdidas warns of ‘significant’ impact on profits as it counts cost of Yeezy fallout
Adidas has warned it could take a €1.2bn (£1.06bn) hit in revenues and swing to a loss this year if it chooses not to sell its remaining Yeezy stock.
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NewsArcadia pensions secured in £850m deal with Aviva
Members of bust fashion giant Arcadia Group pension schemes have had their benefits secured following a deal between trustees and insurance and pensions giant Aviva.
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NewsExclusive: Tycoon Paphitis reports strong Christmas in store and brands’ return to profit
Entrepreneur Theo Paphitis, owner of Ryman, Robert Dyas and Boux Avenue, revealed a Christmas sales uplift across the board and a return to the black for key brands.
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NewsGousto slashes valuation after securing millions in additional funding
Meal-kit delivery service Gousto has reportedly cut its valuation after raising tens of millions of pounds in extra funding to help it through a difficult economic period.
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AnalysisAnalysis: Where next for Amazon as profits slump and sales stall?
While revenue growth continues and expectations continue to be exceeded, seemingly all is not well at Amazon. With jobs being slashed and profits falling, where next for retail’s biggest giant?
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NewsM&Co snapped up by Yours Clothing owner AK Retail Holdings
M&Co has been bought out of administration by the Peterborough-based business AK Retail Holdings, which owns Yours Clothing, Long Tall Sally, BadRhino and maternity brand Bump It Up.
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NewsSuperdry boss Dunkerton denies plans for a buyout
Superdry boss Julian Dunkerton has dismissed rumours he is seeking deals to take the brand private.
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NewsPets at Home ups profit outlook as Christmas sales rise
Pets at Home has increased FY2023 profit guidance by £5m following strong Christmas trading and has appointed a new chief consumer officer.
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NewsPaperchase faces collapse as solvent rescue hopes fade
Paperchase is on the brink of collapse as hopes of a solvent rescue deal have faded.
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NewsAsda leverages credit to offer financial support to suppliers
Asda has launched a programme leveraging its credit to provide working capital to suppliers in the face of the cost-of-living crisis.
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NewsCostcutter owner Bestway Group takes £200m stake in Sainsbury’s
Bestway Group, which owns c-store chain Costcutter, has taken a £200m stake in Sainsbury’s.
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NewsCrew Clothing ends year of growth with ‘strong Christmas trading’
Crew Clothing has ended a year of consistent growth with a strong Christmas performance driven by customers returning to stores over the festive season.
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NewsTHG appoints new finance boss as Gallemore switches roles
Online retailer THG has named a new chief financial officer as the previous postholder John Gallemore changes responsibilities.
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NewsPrimark sales rocket over ‘very strong’ Christmas
Value fashion giant Primark traded better than expected over Christmas, including a “step up” in the UK.
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Opinion‘Don’t write off the pureplays, despite a Christmas shocker’
As store shutters slammed down during lockdowns, some wrote off the likelihood of a bricks-and-mortar recovery. Now the same gloom has descended over pureplays. It was proven wrong then and it will be proved wrong now.
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NewsDunelm upgrades profit outlook as sales skyrocket
Dunelm has upgraded its profit forecast after a strong performance over Christmas saw sales skyrocket.