Latest finance news – Page 33
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NewsLidl celebrates its ‘most successful Christmas yet’
Discount supermarket Lidl has recorded its “most successful Christmas yet” as year-on-year sales and turnover increased.
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NewsNearly 170,000 UK retail workers lost their jobs in 2024
Almost 170,000 UK retail workers lost their jobs in 2024, according to data from the Centre for Retail Research.
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NewsIssa brothers are considering a multibillion US listing for their forecourt empire
The Issa brothers are looking at a potential £13bn US listing for their petrol station empire, EG Group, despite the business originating in the UK.
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NewsFootfall on peak shopping day rises as shoppers enjoy ‘last splurge’ ahead of Christmas
The peak shopping day before Christmas, December 23, has proved a hit for retailers
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NewsQuiz is quitting the stock exchange to cut costs
Fashion retailer Quiz intends to cancel its listing on the AIM stock market and operate as a private company instead.
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NewsBoohoo has strengthened its balance sheet with office sale
Fashion retailer Boohoo has sold its office in London, helping the retailer to bolster its balance sheet.
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NewsBRC has warned of a ‘challenging year’ to come for retailers
Trade body the BRC has cautioned that a difficult 2025 lies ahead as jittery consumer confidence and rising costs pile pressure on retailers.
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NewsFootfall has peaked at just the right time for retailers in the run-up to Christmas
Christmas might not have come early for retail but it is at least coming, with footfall predicted to soar over the last weekend before the big day.
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NewsBoohoo shareholders have given a slap in the face to Frasers Group
Attempts by Frasers Group to install founder Mike Ahsley on the board of online fashion specialist Boohoo have been rebuffed.
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NewsN Brown has received the green light to be taken private
Fashion retailer N Brown has received approval today for the business to be acquired and taken private by one of its non-executive directors and shareholders.
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NewsNetwork Rail retail sales have jumped ahead of Christmas rush
Network Rail Property saw a double-digit uplift in retail sales across its 19 managed stations over the summer ahead of the Christmas peak.
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NewsNike is vowing to ‘return sport to the centre of everything we do’ as sales fall
Nike’s new boss has pledged to act fast to restore the trainer brand and retail giant’s fortunes as he reported a quarterly sales fall.
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NewsBestway turns to CVA for some stores as it reaches impasse with landlords
Bestway Group has reportedly turned to a company voluntary arrangement (CVA) for some of its off-licences, after reaching an impasse with landlords over leases.
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NewsThe Body Shop is ‘back in profit baby!’ new boss reveals
Ethical cosmetics specialist The Body Shop is back in the black – albeit over a short period.
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NewsKingfisher has sold its Brico Dépôt Romania business
Kingfisher has agreed to sell its Brico Dépôt Romania business, after what it described as a “competitive process” to find a bidder.
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NewsShoe Zone will close stores and slash jobs after profit warning
Struggling footwear retailer Shoe Zone has issued a profit warning and said it plans to close “a number of stores” due to increased costs related to the Budget.
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NewsLandsec snaps up majority stake in shopping centre for £490m
Landsec has snapped up a majority stake in shopping centre Liverpool One in a deal worth £490m.
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NewsShein is eyeing ‘exemption’ from listing rules ahead of anticipated London IPO
Fast-fashion giant Shein is reportedly seeking an “exemption” from UK regulators in regard to overlooking listing rules that require at least 10% of its shares to be sold to the public ahead of its highly-anticipated London float.
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NewsUK businesses slashing staff at fastest rate in years after Budget
UK businesses are slashing staff numbers at the fastest rate since the global financial crisis, according to a new survey which blames the government’s October Budget.
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NewsBoohoo’s London office buyer has walked away from the £60m sale
Boohoo’s financial recovery efforts are under pressure after a potential property investor abandoned negotiations to purchase its London office.