Latest finance news – Page 4
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NewsConsumer confidence tumbles amid Budget fears
Consumer confidence took a tumble this month amid growing speculation about possible tax rises in the upcoming Budget, the British Retail Consortium reported.
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NewsModella sets out plans to make TGJones ‘hub of the high street’
TGJones and owner Modella Capital have set out their plans to expand the retailer to over 500-stores across the country in a call with landlords today [November 19], Retail Week can reveal.
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NewsMulberry cuts losses as turnaround strategy beds in
Mulberry’s half-year report showed the retailer had slashed its losses despite a dip in revenue as it continues its turnaround plan: “Back to The Mulberry Spirit”
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NewsWHSmith boss resigns following accounting investigation
WHSmith group chief executive Carl Cowling has stepped down from his role after an accounting investigation.
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NewsOcado shares tumble following Kroger fulfilment centre closures
Ocado shares dropped around 16% on Tuesday after US partner Kroger announced the closure of three warehouses.
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NewsVagabond Wines launches direct-to-consumer online platform
Vagabond Wines has launched a new direct-to-consumer platform, offering nationwide, next-day delivery for customers.
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NewsBuy It Direct CEO hits out at CMA approach to investigation
Nick Glynne, chief executive of Appliances Direct owner Buy It Direct, has said the Competition and Markets Authority “is wrong to name our business without giving us sufficient time to respond” to its latest investigation.
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NewsSuperdry appoints new CFO
Superdry has appointed Nic Shaw as its new chief financial officer, strengthening its leadership team as it enters the next phase of its turnaround strategy.
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NewsBoots completes acquisition of diagnostics firm to expand private testing
Boots has completed the acquisition of an at-home healthcare and wellness test company as it looks to expand its private testing and diagnostics offer.
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NewsDFS sees order uplift in upbeat start to new financial year
DFS has recorded a “positive start” and a boost to orders across the beginning of its new financial year.
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NewsKim Kardashian eyes stores as Skims reaches £2.93bn valuation
The brand founded by reality star Kim Kardashian has reached a $5bn valuation.
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NewsAsos cuts interest rates in new refinancing deal
Asos has secured new refinancing worth nearly £238m in a deal that will slash its interest rates by £5m each year.
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NewsThe Works ‘pleased with progress’ despite broadly flat sales
The Works said it was “pleased with the progress” of its new strategy, despite reporting broadly flat sales growth in the first half.
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NewsMarks Electrical CEO sees green shoots despite falling profits and revenues
Marks Electrical profits and revenues have fallen after the retailer focused on “repositioning its inventory” in the first half, but its chief executive sees signs of recovery after returning to profitability in October.
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NewsB&M profits slump as CEO shuffles leadership team
B&M profits plunged in the first half of the financial year, as the retailer’s new chief executive made sweeping changes to his leadership team.
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NewsMonsoon Accessorize appoints chief digital officer
Fashion retailer Monsoon Accessorize has recruited a new chief digital officer.
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NewsKenji secures new funding as it eyes international and store expansion plans
Retailer Kenji has struck a new funding deal with HSBC to support its acquisition of a new warehouse and to push forward with plans to open multiple new high street stores.
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NewsMarks & Spencer appoints BA boss to board
The chief executive of British Airways has been named a non-executive director of Marks & Spencer.
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NewsSuperdry enters ‘new chapter’ with brand refresh
Superdry has marked the start of a “bold new chapter” as it unveils a new brand identity following its return to profitability earlier this year.
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NewsMountain Warehouse founder takes back control
Mountain Warehouse founder and chief executive Mark Neale has taken back control of the outdoor clothing and equipment specialist.