Latest finance news – Page 164
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NewsBooker chief executive Charles Wilson to step down early next year
Booker chief executive Charles Wilson will stand down after 15 years with the wholesaler in February, Tesco has announced.
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NewsNew Look landlords accuse retailer of inconsistency as CVA teeters
New Look is facing an uphill battle in convincing landlords to vote in favour of its CVA, with many store owners growing increasingly disgruntled about the retailer’s perceived lack of transparency in negotiations.
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NewsMorrisons wades into pricing wars as recession begins to bite
Supermarket chain Morrisons has become the latest of the big four to invest in pricing by slashing prices on more than 400 essential products.
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NewsPrimark profits to hit top end of range after strong trading resumes
Primark owner Associated British Foods (ABF) said the retailer’s profits are expected to be at the top of its revised range after a strong resumption of trading following lockdown.
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NewsIceland founder wins discount for completing buyback early
Iceland founder Malcolm Walker has negotiated a reduction in the amount he is paying to return the grocer to full family ownership, with the former majority stakeholder agreeing a discount in exchange for early payment.
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NewsDebenhams boss: ‘We’re not on a cliff edge’
Debenhams chair Mark Gifford has said the department store group is trading better than expected, providing reassurance amid speculation about its future.
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NewsTopps Tiles names new chief financial officer
Specialist retailer Topps Tiles has appointed Stephen Hopson as its chief financial officer.
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NewsEve Sleep raises full-year expectations as lockdown spurs sales
Direct-to-consumer mattress brand Eve Sleep has raised its expectations for the full year, after successive months of growth.
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NewsLego set to open 120 new stores amid lockdown sales surge
Lego has announced plans to open 120 new stores this year, following a leap in the number of adults using the building kits during lockdown.
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NewsB&M set to enter FTSE 100 as pandemic sales climb
B&M will bump ITV out of the FTSE 100 in a quarterly reshuffle as the discount retailer’s market value rose by nearly a quarter during the year.
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NewsAsda revives ‘Asda Price’ campaign as part of £100m spending salvo
Grocer Asda has bought back its ‘Asda Price’ campaign to promote a £100m investment in reducing prices on thousands of own-brand and branded products.
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NewsForever 21 owner ABG completes £250m Brooks Brothers deal
Authentic Brands Group (ABG) and Simon Property Group have completed their $325m (£249m) acquisition of Brooks Brothers.
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NewsDebenhams deadline for rescue bids looms
Debenhams has urged prospective bidders to formalise their offers today in a bid to secure the ailing department store’s future.
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NewsM&S and Ocado joint venture goes live
The joint venture between Marks & Spencer and Ocado has gone live, with the two retailers pledging to expand capacity by 40% by the end of next year.
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NewsMoss Bros drafts in advisers as it mulls possible CVA
Struggling menswear retailer Moss Bros has drafted in KPMG as it considers closing stores and slashing jobs in a bid to ride out the pandemic.
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NewsDunelm performance ahead of expectation as post-lockdown sales soar
Homewares retailer Dunelm has said its financial performance for the year is ahead of expectation as post-lockdown sales soar.
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NewsAnn Summers ponders CVA after ‘toughest year’
Lingerie and sex toys specialist Ann Summers is poised to launch a CVA after suffering increased losses in its latest reported year.
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NewsWalmart and Microsoft join forces on TikTok bid
Walmart has joined forces with Microsoft to launch a multibillion-dollar bid for TikTok’s US business.
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NewsThe Works swings to loss amid ‘significant’ coronavirus impact
The Works has swung to a pre-tax loss following the “significant impact” of the coronavirus crisis.
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NewsThe Hut Group targets £4.5bn valuation in stock market float
The Hut Group has revealed its intention to float on the London Stock Exchange, with a target valuation of £4.5bn.