Latest finance news – Page 113
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NewsWHSmith hails ‘strong’ trading as travel retail rebounds
WHSmith has posted a surge in sales as the performance of its travel division outstripped pre-Covid levels.
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NewsHalfords sales rise driven by uptick in motoring and services
Halfords registered an uptick in sales as it drops prices on essentials to help the cost of living crisis.
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NewsBoots launches ‘Everyday’ value range to combat cost-of-living concerns
Boots has launched a new value range to help consumers tackle the rising cost of living.
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NewsMatalan hunts for buyer as Joules credit insurer pulls cover
Matalan has hoisted the ‘for sale’ sign as the value fashion firm grapples with inflationary pressures.
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NewsDiscount grocery start-up Motatos raises £33m for UK expansion
Sweden-based discount ecommerce grocer Motatos has raised £33m in its latest round of seed funding with plans to expand its operations in the UK and Germany.
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NewsEG Group profits slump as cost of living and inflation take their toll
EG Group profits for the second quarter slumped, despite surging sales, as the cost-of-living crisis and inflationary environment took their toll.
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NewsTruss plans to cut business rates in face of energy crisis
Conservative leadership candidate Liz Truss has been in talks with industry lobbyists over plans to slash business rates
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NewsAsda seals £438m deal for Co-op’s petrol forecourt business
Asda has confirmed plans to buy the Co-op’s portfolio of 132 petrol station forecourts in a £438m deal.
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NewsShop prices hit record high as retail urges new prime minister to ease cost burden
Shop prices have hit a new record high as retailers struggle to shoulder the burden of mounting cost pressures.
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NewsRevolution Beauty share trading suspended as results delayed
Trading in shares of AIM-listed Revolution Beauty is to be suspended this week
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NewsNext investment in Joules in doubt following profit warning
A potential investment by Next in embattled fashion retailer Joules may not go ahead in the wake of the latter’s most recent profit warning
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NewsUpdated: Asda frontrunner to buy Co-op forecourts business
The Co-op is in talks to offload its forecourts business for about £450m to cut debt and improve its balance sheet.
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NewsPaperchase eyed up by retail entrepreneur Steve Curtis
Retail entrepreneur Steve Curtis is leading a consortium to purchase stationery chain Paperchase.
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NewsIceland expects profit hit as higher energy costs bite
Iceland anticipates a hit to earnings this financial year as the soaring cost of energy takes a toll but said it is well positioned to weather tough trading conditions
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NewsAsda hails impact of price investments despite slide in sales
Asda has suffered a slide in sales during its second quarter but insisted its investments in price are driving positive momentum heading towards the crucial festive period
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NewsFarfetch to buy stake in Yoox-Net-a-Porter from Richemont
Farfetch has snapped up a large stake in Yoox Net-a-Porter as owner Richemont right-sizes its assets
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NewsSenior director exits embattled Made.com as it considers capital raise
The senior independent director at troubled Made.com has left the retailer just one day after it said it may need to raise new financing.
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NewsRevolution Beauty warns of stock trading suspension amid audit turmoil
Revolution Beauty has warned that its shares could be suspended from the start of next month due to delays in the audit of its full-year financial results.
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NewsJoules issues profit warning as hot weather scorches sales
Joules has issued a profit warning for its full year after unseasonably hot weather hit full-price sales.
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NewsSelfridges’ new owners unveil omnichannel ambitions as £4bn deal completes
The new owners of Selfridges intend to create “the world’s leading luxury omnichannel platform” following the completion of the takeover, understood to be valued at £4bn.