Latest finance news – Page 11
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NewsShein accused of reducing UK tax by moving income to Singapore
Fast fashion giant Shein has been accused of transferring the “vast bulk of income” to its parent Singaporean company in order to reduce its tax bill in the UK.
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NewsHMV owner and WHSmith buyer eye up Claire’s deal
The buyer of WHSmith’s high street arm, Modella Capital, and HMV tycoon Doug Putman are potential buyers of bust retailer Claire’s Accessories.
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News‘Level playing field’ business rates plan risks backfiring
Big retailers face paying far more in business rates than their pureplay counterparts as measures designed to ensure the latter shoulder more of the burden look likely to flop.
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NewsBodycare to close raft of stores after appointing administrators
Beauty chain Bodycare is closing several UK stores and has appointed administrators as it battles with a “significant funding gap and increasing creditor pressure”.
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NewsBravissimo sales surge following reopening of online orders after warehouse fire
Lingerie and swimwear retailer Bravissimo has reopened its UK online orders after a two-month halt following a warehouse fire.
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NewsAmazon pays £1bn in UK tax
Amazon has revealed it paid £1bn in direct taxes to the UK in 2024, as revenues continued to rise.
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NewsHolland & Barrett unveils transformation of beauty category
Holland & Barrett has upgraded its beauty category with a major transformation as part of its broader strategy to provide an elevated customer experience backed by science.
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NewsCurrys announces £50m share buyback as B2B, gaming and AI drive growth
The electronics retailer posted a 3% like-for-like revenue increase in the 17 weeks to August 30, 2025, in its UK and Ireland business versus the same period in 2024.
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NewsOnline Home Shop sales soar as shoppers hunt for bargain homewares
Online Home Shop, a family-owned ecommerce homeware retailer, has seen sales soar during the first half of its financial year as shoppers sought out cheaper ways to improve their homes, Retail Week can reveal.
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NewsWatches of Switzerland defies Trump tariffs with strong US trading
Watches of Switzerland has reported strong trading in the United States, despite the Trump administration’s levelling of increased tariffs on Swiss imports.
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NewsCo-op names new growth director in senior leadership shake-up
The Co-op has named a new growth director and promoted its food chief executive to a new position, as part of a major leadership team shake-up announced this morning.
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NewsSweaty Betty axes jobs as it makes return to profit
Fashion and athleisure brand Sweaty Betty has cut its workforce as it makes its first return to profit since 2021.
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NewsWhittard celebrates fourth consecutive year of financial growth
Whittard of Chelsea, the renowned British tea, coffee and hot chocolate company, released their 2024 financial results, showing robust growth both domestically and internationally.
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NewsRecord-breaking UK summer heat drives garden sales
It may now be the rain getting your garden wet, but the hot summer in the UK helped drive bumper sales in the garden category. That includes a 140% year-over-year spike in sprinkler sales
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NewsFrasers Group names former audit watchdog head as new chair
The former head of the Financial Reporting Council has been appointed by Frasers Group as its new chair.
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NewsBoots ‘well positioned for future’ following Sycamore deal
Health and beauty giant Boots is “well positioned for the future”, its bosses maintained as a new ownership structure takes effect.
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NewsAsda enjoys best like-for-like quarter in over a year
Asda has reported a drop in total and like-for-like sales, but enjoyed its best like-for-like quarter in over a year. While now over, its IT upgrade also continues to affect product availability and will impact sales in the current quarter.
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NewsCastore agrees deal for luxury menswear retailer Belstaff
Sportswear giant Castore has acquired premium British menswear brand Belstaff from Jim Ratcliffe-owned parent company Ineos in a cash-free, debt-free deal, Retail Week can reveal.
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NewsLego posts record top line and double digit bottom line growth
Lego has posted record sales growth and double digit bottom line growth, according to its latest half-year results.
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NewsJD Sports underlying sales slip as it maintains cautious outlook due to tariffs
JD Sports has said it “remains cautious” on its outlook as indirect impacts of tariffs, tough trading conditions and strains on consumer finances persist.