Latest finance news – Page 155
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NewsAldi becomes latest grocer to commit to repaying business rates relief
Discount grocery chain Aldi has said this morning it will pay back over £100m in business rates relief, becoming the fourth grocer to do so in 24 hours.
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NewsGreen family set to pay £50m into Arcadia pension pot within next 10 days
Sir Philip Green’s family is set to pay £50m into his crumbling fashion group’s pension pot in the next 10 days, as the business secretary called on the watchdog to investigate.
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NewsSainsbury’s and Morrisons to repay £714m business rates relief
Grocery chains Sainsbury’s and Morrisons have both followed Tesco’s lead by committing to repay a combined £714m of business rates relief.
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NewsBonmarché collapses into administration in grim week for retail
Fashion retailer Bonmarché has plunged into administration, adding to a grim toll of retail collapses this week.
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NewsCosmetics etailer Beauty Bay mulls stock market listing
Manchester-based online retailer Beauty Bay is considering following in the footsteps of The Hut Group with a stock market float.
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NewsTesco to repay £585m business rates relief in full
Tesco will repay the business rates relief it received at the beginning of the coronavirus pandemic, which boss Ken Murphy has said is “absolutely the right thing to do”.
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NewsDebenhams to go into liquidation with 12,000 jobs at risk
Debenhams is set to go into liquidation putting 12,000 roles at risk after JD Sports confirmed it had withdrawn interest in buying the ailing department store chain.
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NewsIssa brothers’ EG Group fails in Caffè Nero bid
EG Group, the petrol forecourts empire of Asda’s new owners the Issa brothers, has failed in a bid to buy Caffè Nero.
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NewsSosandar narrows losses as sales rise during pandemic
Sosandar has narrowed its half-year losses as it benefited from a spike in online sales during the coronavirus pandemic.
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NewsArcadia collapses into administration putting 13,000 jobs at risk
Sir Philip Green’s Arcadia group has tumbled into administration leaving the future of its 13,000 employees hanging in the balance.
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NewsPets at Home acquires telehealth service to boost digital capabilities
Pets at Home has purchased veterinary telehealth provider The Vet Connection in a bid to broaden its online services.
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NewsAshley offers Arcadia a lifeline as Cowgill backs away from Debenhams deal
The imminent collapse of Sir Philip Green’s Arcadia empire has prompted a domino effect in the high street, with JD Sports’ rescue bid for Debenhams now in jeopardy.
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NewsMoss Bros launches CVA as coronavirus hammers sales
Menswear retailer Moss Bros has announced a CVA to mitigate the impacts of the pandemic and help secure a future for the business.
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NewsArcadia teeters on brink of collapse, 13,000 jobs at risk
Sir Philip Green’s Arcadia empire could collapse into administration as soon as next week.
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NewsDeliveroo appoints Claudia Arney as chair ahead of London float
Deliveroo has named Claudia Arney as its first independent chair in preparation for its 2021 stock market flotation.
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NewsChancellor unveils new £4bn ‘levelling-up fund’ as part of spending review
The chancellor of the exchequer has unveiled plans for a £4bn “levelling-up fund” as part of his spending review today.
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NewsKingfisher buys home improvement services marketplace NeedHelp
Kingfisher has acquired home improvement services marketplace NeedHelp as the group ramps up plans to become “more digital and service orientated”.
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NewsPets at Home boss eyes future growth from ‘boom’ in pet ownership
Pets at Home boss Peter Pritchard insists the business can capitalise on a “baby boom” of pet owners amid the coronavirus pandemic.
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NewsAO.com back in the black as sales soar
Pureplay electricals specialist AO.com has reported a profit in the first half of the financial year off the back of “strong” revenue growth and greater customer demand.
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NewsPets at Home sales grow as Covid costs drag down profits
Pets at Home reported growth in like-for-like sales in the first half of the financial year, although underlying profits were hit by costs associated with the ongoing coronavirus pandemic.