All City & finance articles – Page 94
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NewsMoss Bros launches CVA as coronavirus hammers sales
Menswear retailer Moss Bros has announced a CVA to mitigate the impacts of the pandemic and help secure a future for the business.
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NewsArcadia teeters on brink of collapse, 13,000 jobs at risk
Sir Philip Green’s Arcadia empire could collapse into administration as soon as next week.
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AnalysisAnalysis: Why would JD Sports want to buy Debenhams?
JD Sports has emerged as the frontrunner to acquire Debenhams and exclusive talks to buy the struggling department store business are underway.
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NewsChancellor unveils new £4bn ‘levelling-up fund’ as part of spending review
The chancellor of the exchequer has unveiled plans for a £4bn “levelling-up fund” as part of his spending review today.
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NewsKingfisher buys home improvement services marketplace NeedHelp
Kingfisher has acquired home improvement services marketplace NeedHelp as the group ramps up plans to become “more digital and service orientated”.
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NewsPets at Home boss eyes future growth from ‘boom’ in pet ownership
Pets at Home boss Peter Pritchard insists the business can capitalise on a “baby boom” of pet owners amid the coronavirus pandemic.
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NewsAO.com back in the black as sales soar
Pureplay electricals specialist AO.com has reported a profit in the first half of the financial year off the back of “strong” revenue growth and greater customer demand.
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NewsPets at Home sales grow as Covid costs drag down profits
Pets at Home reported growth in like-for-like sales in the first half of the financial year, although underlying profits were hit by costs associated with the ongoing coronavirus pandemic.
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AnalysisReality stars and social media – how In The Style reached a £100m valuation
Online fashion retailer In The Style is understood to be considering a stock market flotation valuing it at £100m just six years after founder Adam Frisby launched it from his Manchester bedroom.
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NewsFashion etailer In The Style ponders £100m IPO
Online fashion specialist In The Style is mulling a flotation that could value it at approximately £100m.
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NewsClarks creditors approve CVA opening door to new investment
Clarks’ creditors have approved the company voluntary arrangement proposal it launched earlier this month, allowing it to move the majority of its stores to turnover-based rents and opening the door for external investment.
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AnalysisThe Big Question: Should retailers be paying big dividends during the pandemic?
Big-name retailers, most recently Sainsbury’s, have become embroiled in controversy for paying dividends while benefiting from pandemic assistance measures such as business rates relief. We ask industry experts whether retailers should be giving out dividends during the crisis
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NewsConsumer confidence slips to six-month low as coronavirus restrictions tighten
UK consumer confidence fell to its lowest ebb since the spring as coronavirus restrictions tightened, leaving one in three hospitality businesses wondering whether they will survive.
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NewsEdinburgh Woollen Mill brands Jaeger and Peacocks appoint administrators
Edinburgh Woollen Mill Group has appointed administrators for Jaeger and Peacocks.
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NewsKingfisher sales surge as online demand drives growth
Kingfisher has posted a spike in sales during its third quarter as surging ecommerce demand drove its top-line growth.
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NewsHMV eyes recovery under Putman’s ownership
HMV has announced marginal losses amid the coronaviurs pandemic and owner Doug Putman says he is “positive about the months and years to come”.
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NewsBritish Land reports plunge in value of retail estate
Property group British Land has reported a steep fall in the value of its retail portfolio as CVAs and the Covid outbreak took a toll.
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NewsHalfords profits soar in ‘very strong’ first half
Cycling and motor accessories specialist Halfords has posted a surge in interim profits, helped by demand for bikes during the pandemic.
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OpinionSuzy Ross: ‘Why the market is more forgiving of Farfetch’s losses than those of M&S’
Just a few months before Marks & Spencer reported its first loss as a public company, Farfetch disclosed a quarterly loss of a much greater magnitude than M&S’ £88m.
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NewsAsda sales rise as Christmas spending is brought forward
Asda has posted an increase in sales during its third quarter as demand for “key Christmas products” was brought forward.