Latest finance news – Page 5
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NewsThe Very Group confirms takeover by investment firm
The US private equity giant Carlyle is buying The Very Group, once known as Shop Direct, from previous owners the Barclay family
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NewsFood prices set to remain elevated despite likely inflation easing – BoE
The British central bank said that CPI inflation “is judged to have peaked” as it narrowly voted to keep interest rates at 4%.
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NewsFootfall falls for the sixth consecutive month as consumer confidence 'remains weak'
Retail footfall has fallen for its sixth month in a row, as consumer confidence “remains low” ahead of a Budget which could see tax rises, according to the British Retail Consortium (BRC).
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NewsWatches of Switzerland hails ‘standout’ US performance
Watches of Switzerland has posted a strong first half driven by a “standout” performance in the United States and said demand for luxury watches continued to exceed supply.
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NewsSainsbury’s ups profit guidance to over £1bn
Sainsbury’s expects its underlying operating profit for the year will be more than £1bn, following strong summer sales and cost savings.
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NewsBRC says government goals are ‘at odds’ with Keep Britain Working review
British Retail Consortium chief executive Helen Dickinson has said retail is built on “flexible, local jobs” and the government’s goals and policies are “at odds with one another”, in response to the publication of the Keep Britain Working review.
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NewsNo more M&S clothing-only boutiques likely following pilot
Marks & Spencer does not expect to open any more clothing-only branches following a trial branch, Retail Week can reveal.
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NewsMarks & Spencer ‘regaining momentum’ after cyber attack hits profit
Marks & Spencer is “getting back on track” after a devastating cyber attack sent first-half profits down, but its clothing division is recovering more slowly than its food business.
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NewsThe Perfume Shop enjoys strong sales from new boutique concept
The Perfume Shop said its new Boutique concept stores have “exceeded expectations” following strong sales of niche scents.
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NewsABF considers spinning off Primark from wider business
Food and retail giant Associated British Foods has today announced it is undertaking a review of its group structure with an eye to possibly splitting up its Primark and food businesses.
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NewsSpecsavers reports record turnover as it looks to global expansion
Specsavers has reported record turnover and growing profits as it focuses on reinvesting in its store estate and expanding internationally, Retail Week can reveal.
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NewsAsda confirms sale of Leon to founder
Supermarket giant Asda has today (October 31) confirmed the sale of Leon Restaurants to former co-founder John Vincent.
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NewsMe+Em ramps up expansion plans as US sales rocket
Me+Em has appointed a new chief commercial officer to spearhead the next phase of its expansion after enjoying strong sales and profit growth.
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NewsAmazon earnings beat estimates thanks to cloud services
The tech firm’s share price jumped after publishing its results for the quarter ending September 30, 2025
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NewsWest End fears weakest Christmas sales growth since pandemic
London’s West End is on track to record its lowest festive season sales growth since the pandemic, as nervous shoppers rein in spending ahead of a late November Budget.
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NewsDune founder: ‘The UK is not an exciting place to do business’
Dune founder Daniel Rubin has criticised the government for failing to keep its promise to boost growth, stating: “The UK is just not an exciting place to do business.”
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NewsAdidas upgrades forecast despite weaker North American sales
Adidas has upgraded its profit forecast for the financial year despite reporting softer sales in its North American division.
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NewsSuperdry back in the black despite ‘softer top-line sales’
Superdry has swung back to a profit for the financial year, as cost savings and reductions offset the drag of softer topline sales on revenues.
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NewsWHSmith delays results as accounting investigation continues
Travel retail specialist WHSmith has moved its full-year results back as accountants review a profits overstatement at its flagship North American business.
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NewsBodycare snapped up by former Body Shop CEO
An investment group fronted by former Molton Brown and The Body Shop chief executive Charles Denton has acquired embattled beauty retailer Bodycare out of administration.