Latest finance news – Page 145
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NewsHomebase strikes Next shop-in-shop deal as buyers circle
Homebase will open garden centres inside six Next stores from today to coincide with retail’s reopening.
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NewsUniqlo owner Fast Retailing posts surge in profits amid China recovery
The owner of fashion giant Uniqlo has posted a spike in profitability as the retail recovery in China boosted its bottom line.
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NewsAsos to raise £500m to bolster expansion war chest
Asos has launched a bid to raise £500m to spearhead its global expansion drive.
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NewsDunelm profits to beat forecasts despite store closures hit
Homewares specialist Dunelm reported that it underperformed the market in its third quarter as stores were shut during lockdown, but it still expects full-year results to beat expectations.
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NewsAsos lifts earnings forecast after stellar first half
Fashion etailer Asos has upped profit expectations after a strong first half powered by “exceptional execution” as the pandemic continued.
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NewsFrasers Group calls for inquiry into Peacocks deal
The Mike Ashley-led Frasers Group has called on MPs to launch an inquiry into the handling of the sale of fashion chain Peacocks to a group backed by former owner Philip Day.
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NewsJoules poaches new chief financial officer from Moneysupermarket
Fashion retailer Joules has poached its new chief financial officer from price comparison business Moneysupermarket to replace outgoing CFO Marc Dench.
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NewsPaphitis warns it’s ‘goodnight Vienna for physical retail’ without rates reform
Retail tycoon Theo Paphitis has urged chancellor Rishi Sunak to reform business rates or risk the “destruction” of bricks-and-mortar retail.
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NewsBoots UK sales slide as parent Walgreens ups profit guidance
Boots has endured a slump in second-quarter sales as parent company Walgreens blamed the reintroduction of lockdown restrictions for the “set back” in its revenue recovery.
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NewsNext raises 2022 forecast despite slump in profits during pandemic
Next has raised its profit guidance for the 2021/22 financial year despite a slump in earnings during the coronavirus crisis.
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NewsWatch: H&M incentivises sustainable behaviours with green loyalty points
H&M has introduced points for loyalty club members to reward them for making more sustainable choices.
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NewsH&M seeks to ‘regain trust’ in China following Xinjiang row
Fashion giant H&M has insisted it remains committed to trading in China and hopes to defuse a row over forced labour allegations that have led to a backlash against the retailer.
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NewsDeliveroo slashes share price amid investor fears over workers’ rights
Deliveroo is set to price its imminent float at the bottom of the range due to investor concerns over the pay and working conditions of its riders.
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NewsEnd snapped up by Carlyle Group in £750m deal
Premium fashion retailer End has been snapped up by buyout giant The Carlyle Group in a deal valuing the business at more than £750m.
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NewsCarrefour to buy Brazil’s Grupo Big from Walmart for €1.1bn
Carrefour has struck a deal to buy Brazil’s third-largest food retailer Grupo Big from Walmart for €1.1bn (£950m).
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NewsRetailers divided over business rates in submissions to Treasury review
Retail respondents to the Treasury’s call for evidence on business rates reform are split over the benefits and potential risks to the high street of introducing an online sales tax.
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NewsUK plans four regional trade hubs to boost international exports
The UK government has made plans to launch four trade hubs in a bid to boost the economy post-Brexit and post-pandemic.
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NewsMcColl’s profits slide as Morrisons partnership extended
McColl’s has recorded a decline in profits as the pandemic altered its shoppers’ spending habits.
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NewsKingfisher profits and sales soar off back of strong Covid trading
Home and DIY giant Kingfisher has reported soaring profits and sales in the last year, with chief executive Thierry Garnier confident of its “continued outperformance” of the market.
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NewsChancellor to delay decision on UK online sales tax
Chancellor of the exchequer Rishi Sunak is set to delay any final decision on a UK online sales tax to the autumn and will take his lead from whether the US supports the reform.