Latest finance news – Page 104
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NewsTop credit insurer trims cover for THG suppliers
THG has become one of the latest retailers to reportedly see a reduction in the level of cover provided to its suppliers by one of the UK’s largest credit insurers.
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NewsUK retailers braced for subdued run-up to Christmas as footfall drops
UK retailers are braced for a subdued run-up to Christmas as the combined cold weather and rail strikes saw footfall to retail destinations drop last week.
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NewsOne third of UK consumers to cancel holidays next year as they brace for recession
A third of UK consumers are set to cancel holidays and home improvement projects in 2023, as discretionary income continues to erode and the country faces the prospect of a long recession.
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NewsMatalan founder Hargreaves tables last-ditch bid to retain control
Matalan founder John Hargreaves has lodged a final offer for the clothing chain in a last-ditch bid to retain control of the business.
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NewsIkea UK sales jump as post-pandemic customers invest more in their homes
Ikea’s UK sales jumped 13% as customers looked to invest more in their homes, both in store and online, post-pandemic.
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NewsFrasers Group snaps up 15 fashion brands from rival JD Sports
Frasers Group has struck a £47.5m deal to acquire a string of fashion brands from its sportswear rival JD Sports.
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NewsUK consumer confidence inches up despite warning of ‘tough road ahead’
UK consumer confidence inched up two points in December but remains at record low levels as retailers warned of a tough road ahead.
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NewsH&M share price slumps despite sales jump
H&M’s share price has taken a hit despite sales jumping 10% and coming in slightly ahead of predictions.
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NewsAsos appoints new non-executive director in board reshuffle
Embattled pureplay fashion retailer Asos has appointed a former Amazon executive to its board as it looks to push ahead with its recently unveiled 12-month turnaround plan.
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NewsCurrys issues profit warning as international business nosedives
Electricals giant Currys has issued a profit warning after margins were squeezed by discounting rivals, leaving its international business floundered.
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NewsRail strikes decimate high street recovery as footfall plummets
The second day of rail strikes this week, with the prospect of further action to come in the run-up to Christmas, has set back the recovery of stores and sent high street footfall plummeting.
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NewsMountain Warehouse targets openings for new store format
Outdoor clothing specialist Mountain Warehouse plans to open more big stores and expects to be back in the black this financial year.
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NewsInditex sales and profits jump in face of rising international costs
Spanish fashion giant Inditex posted an 11% jump in sales, but a more modest profit increase as inflation pushed up the cost of goods.
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NewsWatches of Switzerland clocks up rise in profits as store expansion drives sales
Watches of Switzerland has registered a spike in profits as its investments in new showrooms and store refurbishments bore fruit.
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NewsProCook swings to loss despite ‘good strategic progress’
ProCook has swung to a half-year loss after suffering a slide in sales against tough comparatives.
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NewsSupermarket shoplifiting soars amid cost-of-living crisis
Shoplifting from supermarkets has surged 16% in the run-up to Christmas as the ongoing cost-of-living crisis piles pressure on consumers.
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NewsSosandar swings to profit and hails ‘record’ Black Friday sales
Sosandar has swung to a half-year profit and delivered a bullish update on current trading as it targets sales momentum.
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NewsPoundland owner Pepco ramps up investment in stores as profits rise
Poundland owner Pepco Group plans to accelerate its store expansion plan after posting an increase in profits.
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NewsMonsoon eyes new store openings as profitability recovers
Womenswear retailer Monsoon is bucking the gloom hanging over retail with plans to open new stores in 2023 after returning to profitability this year.
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NewsTesco begins hunt for new chair as John Allan prepares to stand down
Supermarket chain Tesco is drawing up succession plans for long-serving chair John Allan as he prepares to step down from his role in 2024.