Latest finance news – Page 15
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NewsConsumers to spend big during women’s Euro quarterfinals
Brits are expected to splurge in retail stores as football fever takes over and England’s women gear up to play Sweden in the Euro 2025 quarterfinals.
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NewsFrasers CFO: Business rates hike could scupper future store opening plans
Frasers are still “working hard to mitigate the £50m-plus” of extra costs from last year’s Budget, but its CFO is expecting more pain to come in the autumn.
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NewsMango sales surge despite ‘uncertain macroeconomic and geopolitical environment’
Mango has reported surging sales in the first half of the financial year, despite what boss Toni Ruiz described as the continuingly “uncertain sectorial, macroeconomic and geopolitical environment”.
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NewsMorrisons shaves down debt through further refinancing
Morrisons has today announced it has completed its recent refinancing exercise, paying down or agreeing additional loan terms on over £2bn of debt.
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NewsDFS to beat guidance following ‘strong trading’
Sofas specialist DFS expects annual profits to come in “slightly above the top end of guidance” on the back of trading momentum and cost control.
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NewsDunelm strikes bullish tone as sales rise
Homewares specialist Dunelm has generated a rise in fourth-quarter and full-year sales and said it will “not stand still” in a tough trading environment.
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NewsOcado reports earnings growth as it prioritises ‘turning cashflow-positive’
Technology and online grocery group Ocado has posted a surge in first-half earnings and is focused on becoming cashflow-positive next year.
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NewsFrasers Group profits rise but Budget costs pose challenge
Frasers Group has reported an increase in annual profits but earnings in the new financial year may be slightly different as the retailer confronts extra costs.
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NewsUK inflation climbs unexpectedly as pressure mounts on chancellor
UK inflation unexpectedly rose in June, according to the latest figures, mounting further pressure on chancellor Rachel Reeves.
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NewsSosandar: M&S cyber-attack blackout cost us £800,000 in lost sales
The cyber-attack on Marks & Spencer and subsequent ecommerce website blackout cost fashion partner Sosandar £800,000 in revenue.
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NewsSosandar moderates growth expectations due to M&S cyber incident
The fashion retailer says that lower revenue through M&S and a decision to halt new store openings means they are taking a “prudent view” and cutting sales expectations for this year by £2.6m.
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NewsRetail sales heat up as temperatures soar
The BRC-KPMG Sales Monitor, produced by the British Retail Consortium and KPMG, indicates that total retail sales in the UK have increased by 3.1% year on year in June, measured against a decline of 0.2% last year.
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NewsChancellor could raise business rates for department stores and supermarkets
Chancellor Rachel Reeves is reportedly planning to increase business rates for department stores and supermarkets in this year’s autumn Budget.
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NewsSpace NK close to being acquired by US beauty chain
UK high street retailer Space NK is close to being sold to a US-listed beauty chain, more than a year after bankers were first hired to auction the chain.
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NewsDr Martens holds firm on guidance despite ‘challenging’ UK market
Ahead of its annual general meeting, footwear retailer Dr Martens said it is trading “in line with expectations” so far during this financial year and confirmed that all guidance for the 2026 financial year remains unchanged.
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NewsThe Body Shop boss steps down after one year as successor is appointed
The Body Shop chief executive has stepped down following one year at the helm, with a new boss already lined up.
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NewsThe Cotswold Company sales rocket in ‘milestone year’
The Cotswold Company has posted record sales growth and has more than doubled profits in what it described as a “milestone year” for the business.
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NewsSecret Sales acquires new brands to accelerate European growth
Off-price fashion and beauty marketplace Secret Sales has acquired two Dutch brands as it aims to expand its presence across Europe, Retail Week can reveal.
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NewsShein puts pressure on UK as it files for IPO in Hong Kong
Shein has reportedly filed for an initial public offering (IPO) in Hong Kong as it puts pressure on UK regulators to approve its London listing.
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NewsMaternitywear brand Seraphine enters administration
Maternitywear retailer Seraphine has entered administration, with the majority of its 95 staff being made redundant.