Latest finance news – Page 18
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NewsJohn Lewis’ great-grandson leaves Oak Furnitureland
Patrick Lewis, great-grandson of the founder of department store chain John Lewis, has left Oak Furnitureland after one year as its finance boss.
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NewsUK retail footfall takes ‘disappointing turn’ during the start of summer
Retail footfall in the UK has taken a “disappointing turn” during the beginning of summer despite a more promising start to the year.
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NewsThousands of former Wilko staff to receive £2m payout following legal case
Almost 10,000 former Wilko workers will receive a share of £2m following a legal case.
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NewsPoundland sale confirmed with £80m financing package
Poundland has been sold by owner Pepco in a deal that will see the retailer secure an £80m cash injection to fund its turnaround.
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NewsRevolution Beauty evaluating proposals from “number of parties” in sales process
Revolution is currently evaluating offers for its sale, with proposals for the value cosmetics group coming from a “number of parties”.
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NewsReserved-owner LPP sees profits jump
Poland’s biggest fashion retailer, LPP has posted a strong uplift in profits for its first quarter.
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NewsTesco sales and market share climb in first quarter
Grocery leader Tesco has posted strong like-for-like sales growth and market share gains in its first quarter results.
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NewsPoundland owner inching closer to sale of discounter
Pepco is inching closer to agreeing a sale of discount chain Poundland, with a deal expected to be announced as soon as this week.
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NewsUK retail sales slow as consumers put the brakes on discretionary spending
UK retail spending growth slowed to a crawl in May casting doubt on the strength of consumer resilience heading into the summer.
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NewsFrasers Group offers Debenhams cash injection as Ashley demands meeting with chair
Frasers Group is reportedly looking to tighten its grip on Debenhams, formerly Boohoo Group, with an offer of a cash injection to the retailer, which is going through debt refinancing talks.
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NewsPoundland eyes rent cuts in bid to save on costs
Struggling value player Poundland is reportedly mulling plans to force through steep rent cuts on its properties in a bid to slash mounting costs.
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NewsJohn Lewis to shrink senior staff committee as part of turnaround strategy
The John Lewis Partnership is set to shrink its most senior staff committee down as it looks to press on with its ongoing turnaround efforts.
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NewsRevolution Beauty confirms takeover interest from Frasers Group
Frasers Group is among the businesses interested in taking over cosmetics firm Revolution Beauty.
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NewsRiver Island stores at risk as it draws up rescue plan
Advisers from PwC have been brought in to help devise a rescue plan for River Island, it has been reported.
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NewsFlying Tiger revenue rises in ‘another year of change and growth’
Danish variety retailer Flying Tiger has recorded a rise in revenue as it saw “another year of change and growth”.
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NewsMarks Electrical finance boss steps down
Marks Electrical’s chief financial officer is set to leave after four years with the business.
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NewsWickes secures spot on FTSE 250
Wickes’ strong first quarter has won it a spot on the FTSE 250 after its reshuffle.
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NewsHomeware specialist Dusk posts record-breaking growth
Dusk has celebrated its “strongest year yet”, with year-on-year growth soaring by more than 50%.
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NewsDr Martens pledges return to growth despite profit and sales slump
Dr Martens has upped its profit guidance for FY26 after it “brought stability back” to the business despite profits and sales continuing to fall in the full year.
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NewsConsumer confidence has not recovered since Brexit vote, says Barclays
Despite the dent in consumer confidence, Brits have continued to make room for discretionary spending priorities, with travel and beauty continuing to rise in recent years.