Latest finance news – Page 3
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NewsRevolution Beauty blames profit warning on previous management
Revolution Beauty has blamed its latest profit warning on previous management and said it has been “encouraged” by the progress made since its founders returned to the business.
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NewsHalfords delivers profits and sales growth as cycling business leads the way
Halfords has announced growth in both profits and sales, driven in particular by a strong performance from its cycling business.
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NewsDebenhams proposes new executive pay policy as balance sheet strengthens
Debenhams Group has proposed a new ‘Group Turnaround Scheme’ remuneration policy for senior executives, as losses at the fashion retailer improved.
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NewsGovernment confirms business rates surtax on larger commercial properties
The chancellor has confirmed the government will push ahead with introducing a surcharge on retail property rates above £500,000.
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NewsPets at Home unveils turnaround plan as retail sales continue to fall
Pets at Home boss Ian Burke has unveiled a turnaround plan for its flagging retail business that aims to cut prices and improve its product offering.
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NewsNext offloads land for £54m
Next has offloaded land that it acquired in 2021 to consolidate part of its distribution network for £54.1m.
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NewsSosandar reports return to growth despite M&S cyber disruption
Sosandar has posted a return to revenue growth despite five months of ‘no material revenue’ from M&S.
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NewsAO’s membership programme boosts sales and profits
AO has said the contiued uptake and development of its membership proposotion has driven futher growth.
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NewsTGJones owner explores potential sale of head office and distribution centre
TGJones’ owner Modella Capital is exploring the possibility of selling the freehold on its Swindon head office and distribution centre in the future, Retail Week can reveal.
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NewsMonsoon Accessorize returns to profit despite ‘tough consumer climate’
Adena Brands, parent company of Monsoon Accessorize, reported a “significant improvement” in trading and a return to profit.
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NewsChancellor delays axing of de minimis rule
Chancellor Rachel Reeves is reportedly not scrapping the de minimis rule in this week’s Budget, but plans to in 2029.
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NewsWatchdog considering investigation into WHSmith profit overstatement
The UK accounting regulator is considering whether to launch a formal investigation into PwC’s auditing of WHSmith following a £30m profit overstatement in its North American division.
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NewsAsos posts full-year earnings rise despite sales fall
Online fashion retailer Asos is “ready to reclaim our place as the most exciting destination for fashion-loving customers” after reporting an improved financial performance.
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NewsConsumer confidence falls ahead of imminent Budget
Consumer confidence has dipped as shoppers await the imminent Budget on November 26.
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NewsWalmart to move share listing to Nasdaq in reflection of importance of tech
Retail giant Walmart is to move its share listing from the New York Stock Exchange to Nasdaq.
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NewsCo-op unveils new investment commitment to create thousands of new apprenticeships
The Co-op has committed to investing £70m to creating 7,000 new apprenticeships at the retailer by 2030, which it said will open doors for “underrepresented groups”.
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NewsAsda agrees sale and leaseback arrangement for stores and depot
The grocer has today [November 20] announced it has reached a £568m sale and leaseback agreement with two separate investment firms.
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NewsDr Martens sees full-price and DTC sales improve
Dr. Martens has posted an improved sales performance in the first half as its new strategy beds in, driving more full-price and direct-to-consumer sales.
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NewsJD Sports warns unemployment and volatile sentiment could impact sales
JD has warned markets that its profits will be among the lower end of market expectations due to rising unemployment and volatile customer sentiment among its core demographic.
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NewsHobbycraft reports ‘strong trading’ after loss-making year
Specialist retailer Hobbycraft is now in a position to “prosper” after previously suffering a fall in annual earnings, Retail Week can reveal.