Latest finance news – Page 14
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NewsPets at Home drops guidance as market weakens
Pets at Home has lowered its profit guidance for the full year after the pet retail market proved weaker than anticipated.
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NewsRetailers warn Reeves tax increases would raise prices
Some of Britain’s biggest retailers have warned that tax rises in the autumn Budget could trigger higher prices.
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NewsAdidas sees double-digit growth across all channels and markets
Adidas has achieved double-digit growth across all of its channels and markets in the first half of 2025.
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NewsRiver Island vote goes to the wire as retailer bets its survival on High Court judgement
Friday’s vote on River Island’s restructuring plans is likely to go to the wire with disgruntled landlords set to vote against it, although a High Court ‘cramming down’ judgement could yet save the brand
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NewsGucci sales drop as luxury retail slump continues
Gucci sales dropped by 25% year on year in the second quarter as a challenging period for the world’s high-end retailers continues.
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NewsCard Factory acquires Funky Pigeon from WHSmith
Card Factory has agreed to buy online greetings card business Funky Pigeon from WHSmith.
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NewsGreggs reports profit fall in challenging market
Food specialist Greggs has posted a fall in first-half profits as tough trading conditions and costs took a toll.
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NewsAldi becomes first UK supermarket to top staff pay at £13 an hour
Discounter Aldi is set to become the first UK supermarket to pay all of its frontline staff at least £13 an hour.
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NewsPepco Group brings in advisers to support Poundland transition to new owners
Former Poundland owner Pepco Group has drafted in an advisory firm to help with the value chain’s move to new owners.
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NewsConfidence falls as consumers sense ‘stormy conditions ahead’
The British public is cautious about what’s to come when looking at the economy and their personal finances, according to the latest GfK consumer confidence index.
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NewsRiver Island at risk of collapse “within weeks” without rescue plan - report
River Island is set to collapse “within weeks” unless a rescue plan can be agreed with creditors, according to a report in The Telegraph.
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NewsDebenhams “close” to refinancing deal with past department store funder
Debenhams Group is in advanced talks about securing a £175m refinancing package with one of the companies behind the 2003 delisting of the former department store potentially involved, according to a Sky News report.
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NewsWickes sees strong growth as shoppers seek timber and garden fixes
The DIY and home improvement business saw like-for-like retail revenue growth of 6.4% in the six months ending June 28, 2025 vs the year before
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NewsConsumer confidence falls as rising inflation dampens spirits
Consumer sentiment across the UK has fallen in July, as rising inflation puts pressure on shoppers’ finances, according to data from the BRC-Opinium.
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NewsEvri posts record results and parcel volumes following investment
Parcel delivery company Evri has posted a set of record results and parcel volumes after it invested millions to improve service, new clients and growth.
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NewsThe Works profits jump as cost saving measures kick in
The Works has reported a jump in profits, despite total sales slipping, as it managed to offset financial headwinds through cost saving and improved margins.
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NewsHilco ponders pounce on troubled Claire’s
Hilco, the investment business which recently bought Lakeland, is considering an offer for the UK arm of embattled Claire’s.
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NewsRetailers warn chancellor tax rises would push up food prices
Any tax rises on retailers in the October Budget would send food prices higher in the run-up to Christmas and threaten high streets’ health, chancellor Rachel Reeves has been warned.
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NewsRetailer profit warnings speed up in May to June
UK-listed retailers issued seven profit warnings during the second quarter of 2025, double the amount seen in the first three months of the year.
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NewsBurberry sees ‘uptick in brand desirability’ but says turnaround is still in early stages
Burberry has seen sales improve and reports more people are coveting the brand, but says it’s still in the early stages of its transformation.