Latest finance news – Page 8
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NewsHarrods allocates £60m for abuse victims as store records loss
Harrods has allocated more than £60m in compensation via a redress scheme for the alleged victims of historical abuse.
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NewsThe Cotswold Company being prepared for sale
The Cotswold Company is being prepared for sale by its private equity owners, according to reports.
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NewsAsos launches creator-led live shopping
Asos has introduced live shopping on its mobile app, allowing customers to purchase products through live or on demand video content.
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NewsNew Deliveroo CEO named after DoorDash deal completes
The founder of Wolt, a business acquired by DoorDash in 2022, has been named as the new chief executive of Deliveroo, after its acquisition by American giant DoorDash was completed yesterday.
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NewsTesco ups profit outlook, helped by warm weather and price cuts
Britain’s biggest grocer posted a 4.3% like-for-like sales increase in the first half of its financial year, with growth across all of its markets.
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NewsCastore boss Beahon: ‘The wholesale market really likes Belstaff’
The boss of Castore plans to focus on growing Belstaff’s wholesale and ecommerce channels, as he sets out his vision for the menswear brand under his ownership.
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NewsSelfridges narrows losses despite sales dip
Selfridges has more than halved its losses, despite posting a small dip in revenues as it focused on higher margin sales.
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NewsTopps Tiles achieves ‘another year of record turnover’
Topps Tiles has seen another year of record turnover as it continues to make strategic progress to improve performance.
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NewsGreggs sees sales rise despite ‘challenging market’
Food-to-go retailer Greggs has recorded a sales uplift, in what it says is “progress in a challenging market”.
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NewsBRC warns government any further tax rises will ‘keep shop prices higher for longer’
The British Retail Consortium has warned the government against any further tax rises on UK retailers, saying doing so would only serve to keep “shop prices higher for longer”.
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NewsCard Factory looks ahead to festive season after first half profits slump
Card Factory is anticipating strong trading through the coming peak festive season, after profits slumped in the first half of its financial year.
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NewsAsos improves profits despite drop in sales
Pureplay fashion retailer Asos has said it expects profits to be at the lower end of its guided range, despite sales coming in below expectations, as it enters the “final phase of its transformation.”
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NewsSøstrene Grene posts record sales growth
Søstrene Grene posts record turnover as it continues expansion programme across the UK.
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NewsClaire’s snapped up by Modella Capital
Embattled fashion accessories retailer Claire’s has been bought out of administration by Modella Capital, which owns retailers TG Jones, Hobbycraft and the Original Factory Shop.
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NewsTapi posts sales and profits boost as Carpetright buyout settles
Tapi has posted a jump in sales and profits as its acquisition of rival retailer Carpetright settles in, Retail Week can reveal.
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NewsDFS CEO Tim Stacey: “The burden of taxation-driven inflation is high”
DFS posted a healthy 10% uplift in its customer orders against a subdued market, but chief executive Tim Stacey signalled that the macro policy environment was constraining investment and growth potential.
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NewsMarks Electrical warns on profits following weak trading
Marks Electrical has issued a profit warning after weak first-half trading and rising costs weighed on its margins.
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NewsDFS posts stronger profits than expected in “weak market”
Revenue in the year ending 29 June, 2025, was up 4.4% on the same period last year, while underlying profits before tax increased by £19.7m.
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NewsNimbler H&M sees profits rise in third quarter
Sales in local currencies increased 2% in the three months to August 31, 2025 compared to 2024, despite a store closure programme.
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NewsCo-op swings to a loss as full impact of cyber-attack revealed
C-store specialist Co-op has reported falling sales and a plunge into the red, after reporting the cyber attack impacted profitability, disrupted trading and heaped on additional costs.