Latest finance news – Page 107
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NewsMade.com stock to be auctioned off in bid to recover cash for creditors
Made.com’s administrators have appointed auctioneers to help sell off its remaining stock.
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NewsCard Factory upgrades profit outlook as sales climb
Card Factory has raised its profit forecast for the full year following “stronger than expected” sales.
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NewsConsumer price inflation reaches new heights in October
Consumer price inflation has reached the highest level in 41 years, largely driven by fuel and food price rises.
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NewsWilko sells £48m distribution centre as it battles to shore up balance sheet
Wilko has completed the sale and leaseback of one of its distribution centres as it struggles to shore up its balance sheet after a bruising trading period.
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NewsMorrisons invests £3m in slashing prices on Christmas staples
Supermarket chain Morrisons has slashed the prices of 52 products it says “see a spike in sales” over the festive period, to help customers with the rising cost of living.
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NewsDebenhams administrators rake in more than £7m as fees spike
The administrators of collapsed department store chain Debenhams have raked in almost £2m in fees during the current financial year alone after a hike in fees.
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NewsTesco, Sainsbury's and M&S bosses call for business rates freeze
The bosses of some of the UK’s biggest retailers have urged chancellor Jeremy Hunt to freeze business rates as part of his autumn statement this week.
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NewsJoules to appoint administrators after financing talks collapse
Joules has filed a notice of intention to appoint administrators after last-ditch efforts to secure emergency funding collapsed.
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NewsAsda returns to growth as value ranges lure new shoppers
Asda has registered its best quarterly trading performance for 18 months as its value focus drove a return to sales growth.
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NewsMade.com staff take legal action after being made redundant on Zoom
Made.com employees who found out they were losing their jobs on a Zoom call are to take legal action over the way the redundancies were managed.
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NewsAmazon launches cost-cutting review of unprofitable business units
Amazon is carrying out a broad cost-cutting review that will pare back parts of the business that have not been profitable.
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NewsThe Works sales edge up despite cyber attack aftermath
Sales at The Works edged up despite an “increasingly challenging consumer environment” and the aftermath of a cybersecurity attack that forced it to close five stores earlier this year.
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NewsB&M reports 'good' golden quarter trading after profits fall
Value giant B&M has reported a “good” start to the Christmas season’s trading and a decline in first-half earnings.
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NewsWHSmith back in the black after year of 'significant recovery'
WHSmith has reported a return to profit and said its flagship travel arm is in its “strongest ever position” after it bounced back in the wake of the pandemic.
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NewsRevolution Beauty founder and CEO steps down following accounting scandal
Revolution Beauty’s founder and chief executive Adam Minto has resigned from the business as it undergoes an investigation into its accounts.
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NewsNext to buy Made.com out of administration
Next has struck a deal to rescue embattled homewares etailer Made.com from administration.
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NewsMarks & Spencer profits rise after 'standout' fashion sales
Marks & Spencer has posted a rise in profits during its first half following “robust” trading across its food and clothing and home divisions.
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NewsMarks Electrical boss: We're winning spend while John Lewis 'neglect their customers'
Marks Electrical boss Mark Smithson has insisted the retailer is winning market share from competitors such as John Lewis that “neglect their customers”.
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NewsPrimark UK sales back to pre-Covid levels as customers flock to stores
Primark has reported that its like-for-like sales in the UK have returned to pre-Covid levels.
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NewsRetail sales slow as customers delay spending ahead of Christmas
Retail sales slowed in October as the cost-of-living crisis prompted customers to delay spending ahead of Christmas.