Latest finance news – Page 132
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NewsSunak unveils £7bn reduction in business rates but refuses to scrap system
Chancellor Rishi Sunak has unveiled a raft of measures to reduce business rates but stopped short of fundamentally overhauling the system.
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NewsWickes hails ‘resilient’ performance as it swerves supply chain slowdown
Wickes has reported a slip in third-quarter sales against strong comparatives, but sales rose strongly on a two-year basis.
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NewsTHG sales leap as boss Moulding looks to rebuild investor confidence
The Hut Group (THG) has reported increasing revenues across its different categories and Ingenuity platform as boss Matt Moulding looks to win back fleeing investors.
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NewsMissguided seeks emergency funding as supply chain crisis hits finances
Missguided has drafted in restructuring experts to secure emergency funds as the supply chain crisis batters the fast fashion firm.
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NewsClarks slumps to record losses due to Covid-19 restrictions
Footwear specialist Clarks has slumped to record losses in its more recent full-year results due to coronavirus restrictions and store closures.
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NewsUnilever hikes prices as inflationary pressures bite
Unilever has hiked prices and warned of further inflationary pressure next year amid rising costs for energy and raw materials.
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NewsJD Sports snaps up Greek retailer Cosmos
JD Sports has acquired a controlling stake in Greek retailer Cosmos as it presses ahead with its international expansion drive.
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NewsPayPal bid for Pinterest could create new ecommerce powerhouse
PayPal has made a bid for social media giant Pinterest, sparking rumours of a new force in ecommerce.
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NewsHammerson to end rent support for retailers as footfall returns
Shopping centre operator Hammerson has said it will focus on collecting rent arrears from tenants now that footfall has picked up.
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NewsDeliveroo sales soar despite hospitality reopening
Deliveroo reported a surge in orders across the UK and Ireland, and a doubling of Plus members through its Amazon Prime tie-up, despite the reopening of hospitality.
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NewsMorrisons shareholders rubber-stamp £7bn CD&R takeover
Morrisons shareholders have rubber-stamped the £7bn takeover of the grocer by Clayton, Dubilier & Rice (CD&R) nearly four months after private equity interest in the retailer first emerged.
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NewsVery Group profits soar as revenues jump to record levels
The Very Group reported surging profits and a record year for sales during the pandemic as the retailer ramps up for a “particularly strong” Christmas.
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NewsMatalan sales improve despite supply chain issues
Matalan has reported improved sales despite the retailer admitting it was “feeling the impact” of the ongoing supply chain issues.
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NewsAsda’s £750m deal to sell forecourts business to EG Group terminated
The Issa brothers have pulled EG Group’s planned acquisition of Asda’s petrol forecourts business.
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NewsSelfridges’ owners in talks with Qatar about potential £4bn sale
Selfridges’ owners the Weston family are reportedly in talks with Qatar about a potential takeover of the iconic department store chain.
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NewsTHG boss Matt Moulding to ditch golden share in bid to restore City confidence
THG boss Matt Moulding will dispose of his golden share in the business he co-founded and apply to move onto the main market of the London Stock Exchange next year.
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NewsBoots' sales climb driven by post-lockdown online surge
Boots recorded an increase in sales in its fourth quarter as lockdown restrictions eased and demand for pharmacy services rose.
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NewsDunelm sales climb against strong comparison
Value homewares group Dunelm has posted a rise in first-quarter sales despite strong comparisons last year.
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NewsPoundland owner posts sales and earnings rise
Pepco, owner of the Poundland value retail chain, has reported a rise in annual sales and profits.
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NewsHalfords poaches former Tesco and Virgin Active finance boss
Halfords has recruited former Tesco and Virgin Active executive Jo Hartley as its new chief financial officer.