Latest finance news – Page 17
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NewsProCook ‘significantly outperforms market’ as revenue and profits climb
ProCook has said it has “significantly outperformed” the UK kitchenware market as both sales and profits increase.
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NewsRiver Island names locations of upcoming store closures
High street fashion retailer River Island has revealed the locations of the stores it plans to close as part of its restructuring process.
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NewsHomebase to launch its website in Ireland
Home and garden retailer Homebase is set to launch its website in Ireland, allowing Irish customers to shop and browse products online.
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NewsNeptune returns to growth following recovery plan
Neptune has made a return to profitable growth and promises a “step change” in its financial performance and brand development over the next year.
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NewsHundreds of jobs at risk as River Island mulls store closures
Hundreds of jobs at fashion retailer River Island could be set to go, as the struggling brand looks to push through store closures and rent cuts as part of its restructuring plans.
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NewsBarratts Shoes makes online comeback over a decade after disappearing from high street
UK footwear retailer Barratts is today making a return to retail, over a decade after collapsing into administration.
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NewsSlight boost in consumer confidence due to brighter outlook on economy
Consumer confidence in the UK has edged up in June as sentiment on the economic outlook has improved.
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NewsRefy sales rocket following scaling of operations and market expansion
UK-founded beauty brand Refy has seen its sales and profit increase after a year of “phenomenal growth” in scaling operations and expanding to new markets.
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NewsMorrisons profits and revenues up as grocer ‘bounced back strongly’ from cyber attack
Morrisons has reported increases in profits and revenues for the second quarter, as it “bounced back strongly” from the cyber attack which threatened its Christmas trading.
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NewsCo-op secures new £350m lending agreement
The Co-op has today announced a new £350m lending agreement with six major banks, which it says reflects “strong market confidence” in the retailer.
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NewsFrasers pulls out of deal for Revolution Beauty
Frasers has pulled out of the deal for struggling cosmetics brand Revolution Beauty.
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NewsMinimum wage rises and improving Gen Z outlook drive strengthening consumer sentiment
A rise in minimum wages has buoyed consumer sentiment, with the financial outlook for Gen Z customers in particular improving.
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NewsMatalan improves profitability as turnaround gets underway
Matalan has improved underlying profitability but its executive chair has said there’s “more work to do” as it accelerates its transformation.
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NewsMarks & Spencer locks down school uniform prices
Marks & Spencer has kept the lid on school uniform prices for the fifth year in a row.
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NewsAO profits surge as membership scheme boosts performance
Online electricals specialist AO.com has reported increased annual sales and profits, helped by a raft of initiatives.
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NewsPoundland outlines restructuring plan to kick-start turnaround
Value specialist Poundland intends to make sweeping changes to its business as it seeks to recover following poor trading.
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NewsAsos promotes from within as it names new chief financial officer
The ecommerce retailer announced that Aaron Izzard would take the role at the beginning of July.
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NewsPoundland to 'halt rent payments' at hundreds of stores
Poundland is set to stop paying rent at 250 of its shops if a mooted restructuring plan gets the nod from creditors, according to reports.
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NewsBiggest retailers face £600m tax rise as rates reform hits
Britain’s largest supermarkets and West End shops face being hit hardest by a £600m surge in property taxes next year, according to new analysis.
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NewsInvestment firm acquires stake in WHSmith following high street sale
An activist investment firm has started to build a stake in WHSmith after it sold off its high street arm to Modella Capital.