Latest finance news – Page 12
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NewsFrasers Group takes stake in UK leisure firm
Frasers Group, which owns Sports Direct, House of Fraser and Flannels, has taken a minority stake in a UK leisure firm.
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NewsDebenhams Group eyes PrettyLittleThing sale to balance its books
Debenhams, formerly the Boohoo Group, has announced that it is exploring the possibility of offloading struggling brand PrettyLittleThing to balance its books.
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NewsPoundland wins go-ahead for restructuring plan from High Court
Value retailer Poundland has been given a green light to restructure, providing a lifeline as it launches a revival strategy.
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NewsNew Look owner taps up Rothschild as it mulls potential sale
The owners of fashion chain New Look have appointed Rothschild to conduct a review of the business, as it mulls a potential sale.
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NewsRevolution Beauty co-founders return after struggle to find new buyer
Revolution Beauty will see the return of its co-founders to “reset” the business after it couldn’t find a buyer during a formal sales process.
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NewsRetailers warn chancellor that prices will rise if more tax is imposed in autumn Budget
Over 60 of the UK’s largest retailers have written a letter to chancellor Rachel Reeves warning her that prices will rise if additional tax hikes are introduced in the upcoming autumn Budget.
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NewsConsumer confidence increases but rising inflation looms
Consumer confidence has risen slightly in August, but this may not last long as there are “clouds on the horizon in the form of inflation”.
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NewsDebenhams completes £175m refinancing deal
The company announced that a new three-year credit facility would be led by investment firm TPG Angelo Gordon, a subsidiary of TPG which had helped take the Debenhams department store chain private in 2003.
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NewsWHSmith issues shock profit warning
WHSmith, which sold off its UK high street arm earlier this year to focus on its travel operations, has revealed a financial review found an overstatement of £30m in headline profit in its North American division.
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NewsFrasers Group mulls bid for Manchester Arndale centre
Frasers Group is weighing up a bid to take a 50% stake in Manchester’s iconic Arndale centre shopping centre, Retail Week understands.
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NewsConsumer confidence ‘in the doldrums’
Consumer expectations are showing signs of stagnation, according to the British Retail Consortium.
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NewsCourt to have final say on Poundland restructuring after creditor pushback
Creditors have failed to fully back value retailer Poundland’s restructuring plan, meaning a final decision will be made at a court hearing next week, Retail Week understands.
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NewsSeasalt hails strong year of growth despite external challenges
Cornish clothing brand Seasalt has recorded another strong trading year with significant progress in international growth and UK bricks-and-mortar store sales.
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NewsONS retail sales data delayed for ‘quality assurance’
The data was due to be published on Friday, but will now be published a fortnight later, according to the UK statistics body
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NewsSavills reports significant retail investment uptick in London
The latest retail leasing research in central London reveals a significant increase in investment in the first half of 2025, amounting to £1.6bn.
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NewsMountain Warehouse records highest revenue in its history
Outdoor clothing company Mountain Warehouse has seen a record revenue with sales at its highest in the retailer’s 28-year history.
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NewsShein posts record UK annual sales and profits
Online fashion giant Shein, which is pondering a London listing, has reported record turnover and earnings at its UK arm.
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NewsCard Factory completes swoop for Funky Pigeon from WHSmith
Card Factory has today announced it has completed its £24m acquisition of online personalised card retailer Funky Pigeon from WHSmith.
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NewsRough Trade sees sales and footfall uplift thanks to Oasis and ‘music tourism’
Record shop Rough Trade has seen a rise in sales and footfall as the business has been benefitting from music tourism and the Oasis tour, Retail Week can reveal.
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NewsDobbies optimistic on turnaround prospects as restructuring costs hit earnings
Garden centre group Dobbies has posted steeper storical losses but bosses are pleased by the early results of a revival plan.