Latest finance news – Page 6
-
NewsNext upgrades profit guidance as sales soar
Next has again upgraded its full-year profit guidance, after soaring sales outstripped predictions for the third quarter.
-
NewsFenwick slashes losses as focus on sales and margin builds momentum
Department store group Fenwick has delivered a significant improvement in financial performance, Retail Week can reveal.
-
NewsRetail bodies say over 100,000 jobs at risk if chancellor hikes business rates
Over 100,000 jobs could be at risk if chancellor Rachel Reeves imposes higher business rates, the British Retail Consortium and UK Hospitality have said.
-
NewsShop price inflation falls for start of golden quarter
Shop price inflation decreased year on year in the first week of October, providing relief for retailers heading into Halloween and the rest of the golden quarter.
-
NewsOka losses narrow as premium homewares market proves ‘resilient’
Luxury homewares brand Oka has reported flat sales and narrowing losses for the year, with its chief executive highlighting the “resilience” of the premium end of the home market.
-
NewsNew Weird Fish owner plots acquisition spree
The new owner of womenswear retailer Weird Fish is plotting a spending spree as it looks to build a portfolio of leading lifestyle and fashion brands.
-
NewsGrocery giants make rates plea to chancellor in bid to tame inflation
Leading grocers have written to chancellor Rachel Reeves, setting out the case for excluding shops from the planned business rates surtax.
-
NewsWestfield acquires stake in Edinburgh shopping centre
Westfield owner Unibail-Rodamco-Westfield (URW) has acquired a 25% stake in St James Quarter in Edinburgh.
-
NewsVery Group delivers record earnings after ‘year of real progress’
The Very Group has hailed “a year of real progress” after it posted its highest EBITDA margin recorded in the online group’s 22-year history.
-
NewsAllSaints profits rocket despite sales dip
AllSaints profits surged in its most recent financial year, despite a dip in sales, as the fashion retailer benefited from margin improvement initiatives.
-
NewsNeptune hails return to 'historic levels' of EBITDA
Chief executive of premium home and furniture brand Neptune announced that momentum at the retailer had returned as it reached the end of its financial year.
-
NewsConsumer confidence improves as shoppers await Black Friday
Consumer confidence has inched up as shoppers look forward to Black Friday, according to the latest figures.
-
NewsShoe Zone sales drop as it awaits Budget before giving future outlook
Shoe Zone has seen a decline in revenue as it battles with store closures, declining consumer confidence, and effects from the last autumn Budget.
-
NewsDunelm sales increase as it invests in new app
Homewares retailer Dunelm has reported an increase in sales, driven by higher volumes sold and investment in its app.
-
NewsWickes sales grow across all aspects of its business
Wickes has reported growth across all areas of its business, led by volume sold.
-
NewsUK inflation holds for third consecutive month
Inflation in the UK remained steady at 3.8% last month despite fears of an increase, according to latest figures.
-
NewsGousto sales jump as it expands next-day delivery
Meal delivery firm Gousto says it has “decoupled from its direct competition”, after reporting 11% sales growth in the first half of the year despite a “flat lining” economy.
-
NewsM&S boss urges chancellor to back business, not burden it, in Budget
Marks & Spencer chief executive Stuart Machin has called for business rates reform and no new taxes that affect consumers in the forthcoming Budget.
-
NewsRetail sector struggles with weak consumer sentiment as profit warnings surge
Profit warnings issued by listed retailers were up double for the same period in 2024, according to new data from EY.
-
NewsB&M CFO resigns as international freight issue sees profit forecast trimmed
Value retailer B&M has announced the resignation of its chief financial officer, after an issue with international freight costs caused it to revise its profit forecast for the financial year.