Latest finance news – Page 13
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NewsSupermarkets at risk of closing as a result of business rates rise
More than 100 supermarkets run by big grocers could shut because of government plans to increase business rates, piling futher costs on the industry.
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NewsFrasers call for suspension of Boohoo founder and investigation into loan claims
Tycoon Mike Ashley’s Frasers Group has demanded the suspension of Boohoo founder and executive vice-chair Mahmud Kamani and a probe into allegations about loans to suppliers.
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NewsFrasers Group acquires technology retailer Ebuyer out of administration
Frasers Group, whose business include Game, Sports Direct and Studio Retail, has acquired technology retailer Ebuyer out of administration.
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NewsShoe Zone blames Budget as it halves profit guidance
High street retailer Shoe Zone has halved its profit guidance as it has been experiencing tough trading since the Budget.
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NewsHobbycraft announces it will shut more stores
Hobbycraft has announced that it will be closing more stores this month and in September.
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NewsPoundland confirms number of store closures exceeds 50
Poundland has confirmed the location of a further 12 stores set to close in the coming weeks, bringing the total of guaranteed store closures to 52.
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NewsWaterstones secures £125m in new funding to support growth plans
Waterstones has secured £125m in new funding facilities, which it said is designed to support the company’s ongoing financing needs and future growth.
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NewsClaire’s warns store managers to expect bailiffs as US bankruptcy impacts UK trading
Embattled retailer Claire’s has warned managers of its UK stores to expect bailiffs turning up to recover unpaid debts, Retail Week understands.
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NewsRiver Island secures lifeline after High Court approves restructuring plan
River Island has successfully secured High Court approval for its restructuring plan, providing a crucial lifeline for the embattled chain as it works to transform its business model.
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NewsBarclay family expected to lose ownership of Very Group
The Barclay family, which currently own The Very Group, is expected to lose ownership as US private equity firm steps in.
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NewsRevolution Beauty rejects bid from private equity firm
Revolution Beauty has reportedly rejected a takeover offer from a specialist private equity firm following the retailer’s launch of a formal sales process in May.
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NewsGrocery takes a bigger share of Deliveroo transactions
The on-demand delivery app said grocery represented 18%, or £682m, of group gross transaction value (GTV) in the first half of 2025, up from 15% during the same period in 2024.
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NewsClaire’s files for bankruptcy for the second time
The fashion accessories chain, based in the US, has struggled to find a buyer for its 280 UK stores according to reports.
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NewsZalando raises guidance following About You acquisition
German ecommerce fashion retailer Zalando has raised its full-year profit guidance after a strong second quarter that included the completion of its acquisition of About You.
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NewsAdanola sells minority stake to American-based private equity firm
Adanola has sold a minority stake to a Los Angeles-based private equity firm which focuses on “growth and long-term value creation”.
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NewsTHG issues profit warning as it sells nutrition product supplier
THG has warned on profits for the first half of the year, at the same time as announcing it has divested one of its nutrition suppliers after receiving a “highly competitive offer”.
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NewsMorrisons credits focus on availability and value for profits surge
Morrisons has credited its return to profits due to its “significant focus” on improved availability and value.
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NewsNaked Wines returns to cash generation despite revenue decline
Naked Wines has reported a return to positive cash flow despite revenues falling 14%.
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NewsOutlet Shopping at The O2 sees double-digit sales growth backed by increased footfall
Outlet Shopping at The O2 has recorded a strong sales performance with double-digit growth as the entire scheme saw more visits, Retail Week can reveal.
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NewsNext buys maternity brand Seraphine and benefits from “trading disruption” at M&S
Next has aquired the maternity brand Seraphine and its IP from its administration as it posts strong second quarter sales growth.