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Coronavirus
Marks and Spencer suspends dividends, secures funding
Marks and Spencer has announced it will not pay a dividend for the 2020/21 financial year in its latest effort…
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Coronavirus
BRC issues new guidance on re-opening stores
The British Retail Consortium (BRC) has issued new guidance for shops regarding procedures to maintain when businesses re-open following the…
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Coronavirus
Government introduces new measures to protect high street
The business secretary has announced a new set of measures that will be introduced to protect high street businesses “under…
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Coronavirus
DFS raises £64m from shareholders and directors
DFS revealed it has successfully raised £64m through a share placing in a move that will “significantly increase its financial…
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Clothing & Shoes
Moss Bros buyer fights to pull £22.6m offer
The Brigadier Acquisition Company is reportedly seeking to retract its £22.6m offer to takeover Moss Bros. The Moss Bros board…
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Coronavirus
Covid-19: Primark to suffer £284m stock hit
Associated British Foods (ABF) has revealed that Primark will take a £284m hit in stock following store closures amid the…
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Coronavirus
DFS remains ‘confident’ as it plans equity raise
DFS has confirmed that it is in the advanced stages of negotiating an additional debt facility amid the ongoing coronavirus…
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Coronavirus
TM Lewin seeks interested buyers
TM Lewin is reportedly in talks with potential buyers in light of the ongoing effects of the global pandemic. According…
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Coronavirus
Retail sales decline at ‘worst rate on record’
Retail sales suffered the “worst decline recorded” in March, with a year-on-year total sales decline of 4.3%. The findings come…
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Coronavirus
Retail footfall freefalls 83% over Easter weekend
Footfall across UK retail bricks-and-mortar destinations was 83.1% lower than Easter weekend last year and 14.5% lower than over the…
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