Latest finance news – Page 114
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NewsFrasers Group makes cash offer for MySale as it eyes international expansion
Frasers Group has made an offer for Australian flash Sales website MySale as the retail group seeks to further bolster its roster of recent acquisitions.
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NewsAO swings into the red as sales fall and it braces for further ‘volatility’
AO has reported a full-year loss in its delayed results as boss John Roberts says the etailer fights “through one of the most challenging operating environments we’ve weathered as a company”.
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NewsBoohoo makes major investment in Revolution Beauty
Boohoo has made a “strategic investment” in Revolution Beauty as part of a beauty push.
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NewsWatches of Switzerland sales surge as luxury demand ‘remains robust’
Watches of Switzerland has posted a spike in sales and unveiled plans for a new London flagship as demand for its luxury products “remains robust”.
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NewsTed Baker accepts fresh £211m takeover bid from Authentic Brands
Ted Baker has accepted a £211m takeover bid from Reebok owner Authentic Brands, ending months of speculation about its future.
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NewsMarks Electrical bucks ‘challenging market’ trend to grow revenues
Pureplay retailer Marks Electrical has reported “strong trading” in the first four months of the year, bucking the weakening trend in the electricals market.
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NewsRetailers call for ‘urgent action’ on business rates from Sunak and Truss
The Retail Jobs Alliance, which includes many big retailers, has urged Conservative and prime ministerial contenders Rishi Sunak and Liz Truss to address the “unsustainable burden” of business rates
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NewsNext in talks to take £15m minority stake in Joules
Joules has confirmed that it is in discussions with Next over a potential equity investment.
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NewsPets at Home sales rise driven by loyalty scheme and subscriptions
Pets at Home has posted an uplift in sales as it continues to attract new customers to its loyalty and subscription propositions.
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NewsBank of England warns UK will fall into recession this year as interest rates soar
The Bank of England (BoE) has said the UK economy will crash into a recession by the end of the year as it raised interest rates to their highest point in 27 years.
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NewsNext upgrades profit forecast as pandemic shopping behaviours unwind
Next has again upgraded its full-year profit forecast after reporting a reversal of customer trends in the first half of the year.
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NewsScS bumps up profit expectations as like-for-like orders grow
Furniture giant ScS has announced that full-year profits will be ahead of expectation as like-for-like orders grew during the period.
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NewsRetail calls on Truss and Sunak to address business rates failings
The British Retail Consortium has written to both Conservative leadership contenders to outline the sector’s concerns ahead of the ballot result on September 5.
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NewsJust Eat narrows losses but order numbers fall as lockdown boom unwinds
Online food delivery marketplace Just Eat has narrowed losses despite a sharp drop in order numbers as the world exited the pandemic.
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NewsBeaverbrooks profits and sales surge despite Covid closures
Beaverbrooks has posted surging profits and sales despite the impact of store closures during the coronavirus crisis.
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NewsGreggs names ex-Tesco UK boss Davies chair as profits inch up
Greggs has appointed former Tesco UK boss Matt Davies as its new chair, as it recorded an uptick in profit and sales.
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NewsSunak pledges to ‘save the high street’ with revitalisation plan
Prime ministerial contender Rishi Sunak has unveiled a plan to “save the high street”, as he battles for the Conservative leadership.
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NewsJD Sports sells Footasylum to investment group
JD Sports has offloaded its Footasylum business to German investment group Aurelius.
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NewsShop vacancies fall for third quarter in a row
The national store vacancy rate has improved for the third quarter in a row but is still above the pre-pandemic level.
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NewsAmazon posts loss as ecommerce comes under pressure
Amazon has reported a second consecutive quarterly loss, but sales beat expectations despite its online retail business declining.