All City & finance articles – Page 53
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NewsAsos in 'final stages' of agreeing new financial covenants to avert cash-flow crisis
Pureplay fashion retailer Asos is in the “final stages” of agreeing new financial covenants in its revolving credit facility, following media speculation that one of its major insurers had cut cover.
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NewsEve Sleep abandons sale process and appoints administrators
Mattress-in-a-box brand Eve Sleep has drafted in administrators after abandoning its bid to find a buyer to turn around its fortunes.
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Opinion‘Marks & Spencer boss Machin counts down the days to greater growth’
Marks & Spencer is building on the foundations left by Steve Rowe and taking important steps for serving customers better and securing growth, writes George MacDonald
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NewsMarks & Spencer speeds up store churn programme
Marks & Spencer is to accelerate its churn of space, including store closures, as part of a ‘reshape for growth’ strategy.
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NewsJD Sports chief financial officer to step down
JD Sports chief financial officer Neil Greenhalgh is to leave the retailer next year.
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NewsDiscounter Pepco targets new store openings as customers fly to value
Poundland owner Pepco has said it will accelerate its new store opening programme as demand for its offering increases amid global economic uncertainty.
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NewsFrasers Group snaps up stake in N Brown
Sports Direct owner Frasers Group has snapped up a stake in N Brown, the pureplay retailer behind brands such as Jacamo and JD Williams.
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NewsScS profits soar ‘ahead of expectations’ as sales reach record highs
ScS has reported record sales figures in the first full year of its new strategy.
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NewsQuiz Clothing sales jump as customers seek 'glamorous looks at value prices'
Quiz Clothing has recorded an uplift in sales over the last six months as its occasionwear and dresses resonate with consumers.
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Opinion‘Act against consensus and find managers who think like owners’
At a time of massive economic upheaval, history brings a sense of perspective, believes True founder and executive chair Matt Truman
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News'Sustainability is the key to return to profit,' says Superdry boss
Superdry’s sustainability push has driven its stellar results, according to chief executive Julian Dunkerton.
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NewsSuperdry returns to profit on back of strategic progress
Fashion retailer Superdry is back in the black, helped by the lifting of pandemic restrictions and progress on its turnaround strategy.
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NewsN Brown profits tumble as cost-of-living crisis shrinks online market
N Brown has reported falling profits and sales as the ongoing inflationary environment and cost-of-living crisis shrinks the online market.
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NewsTopps Tiles posts record sales as online business grows
Topps Tiles has achieved record annual revenues for a second consecutive year and expects profits to be towards the upper end of market expectations.
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NewsHalfords boosts garages arm with swoop on Lodge Tyre
Automotive specialist Halfords is acquiring Lodge Tyre, which will make it the UK’s largest business-to-businesscommercial tyre provider by revenue.
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NewsTesco locks down prices and raises staff pay as profits slip
Top grocer Tesco has unveiled “a vast new price-lock commitment” and increased hourly-pay pay for the second time this year as the cost of living crunch hits consumers and colleagues alike.
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NewsMade.com prospective buyers given mid-October deadline
Made.com has begun discussions with a number of interested parties as part of its formal sale process.
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NewsGreggs sales on a roll as store numbers grow
Greggs has opened 90 new stores so far this year, with 60 more to come.
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NewsMorrisons faces down £100m borrowing costs hit
Supermarket giant Morrisons is facing a £100m bulge in its borrowing costs as market volatility takes further toll on the debt-laden business.
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NewsFrasers urges MySale shareholders to accept offer as it threatens to delist business
Frasers has urged MySale shareholders to accept its 2p per share offer, and warned if it failed to garner full support it could delist the business from the stock exchange.