Financial Results

Co-op reports strong H1 sales growth thanks to Nisa acquisition

Sales for supermarket group Co-op increased by 10% to £5bn for its half-year financial results, driven by a strong food…

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Debenhams releases statement amid closure rumours to calm investors

Debenhams has released an official statement in response to rumours it was preparing to shutter stores and enter a CVA…

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Debenhams denies cash problems as insurers withdraw cover

Debenhams has disputed claims that it is facing a cash problem amid reports that its credit insurers have reduced cover…

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Ocado reports £9m half-year loss amid heavy investment

British online supermarket, Ocado, has reported a £9m loss in its half-year financial results amid a period of heavy investment.…

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Homebase to axe 303 head office jobs

Embattled DIY retailer Homebase will restructure operations at its store support centre in Milton Keynes, resulting in the loss of…

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New Look reports operating loss of £74.3m

New Look has reported an underlying operating loss of £74.3m in its latest financial results for the year to 24…

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Homebase sold for £1 putting 11,000 jobs at risk

Australian retail group Wesfarmers has sold Homebase to HMV owner Hilco Capital for a token £1. Hilco specialises in restructuring…

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Shoe Zone’s profit more than triples in latest results

Shoe Zone has announced that its profits have more than tripled in its financial results for six months to 31…

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Arcadia’s profits plummet by 42%

Arcadia Group’s parent company Taveta Investments has reported a 42% drop in the company’s profit for the year to 26…

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House of Fraser £43.9m loss revealed in new document

A document released by House of Fraser’s new owner C.Banner has revealed that the department store suffered a £43.9m loss…

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