Latest finance news – Page 22
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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.
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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.