Latest finance news – Page 168
-
NewsNext quarterly sales drop ‘better than expected’
Next has suffered a drop in full-price sales during its second quarter, as the business struggles to tempt shoppers back to stores.
-
NewsMajestic toasts surge in sales and eyes new store openings
Majestic Wine has toasted a surge in sales during lockdown and lifted the lid on its growth plans, including new store openings.
-
NewsCard Factory sales exceed expectations after store reopenings
Card Factory has suffered a fall in sales but said revenues raked in from its stores since reopening after lockdown have exceeded its expectations.
-
NewsGreggs swings to loss but ‘encouraged’ by sales since reopening
Greggs has tumbled into the red after store closures sparked by the coronavirus pandemic hammered its top and bottom lines.
-
NewsGousto to create 1,000 new jobs as sales surge in lockdown
Gousto will create 1,000 new jobs as part of ambitious plans to ramp up its expansion following a surge in sales.
-
NewsGreen seeks to restructure Arcadia after Covid hit
Fashion tycoon Sir Philip Green is to overhaul his Arcadia fashion empire for the second time in little more than a year because of the impact of the coronavirus pandemic.
-
NewsDebenhams raises ‘For sale’ sign to secure future
Debenhams is preparing to seek new owners among a range of options being considered to put it on a firm footing after its collapse earlier this year.
-
NewsFrench Connection turns to Hilco to boost liquidity
Fashion group French Connection has secured funding from investment and turnaround specialist Hilco, which will help it through the disruption caused by the coronavirus pandemic.
-
NewsHotel Chocolat to meet profit expectations as sales rise
Hotel Chocolat expects to hit full-year profit guidance as full-year sales rose despite a decline in revenues during lockdown.
-
NewsConsumer confidence holds steady despite mounting job losses
Consumer confidence held its position in July as shoppers’ trepidation about the economy was offset by increased optimism in their personal finances.
-
NewsGovernment issues new guidance on face coverings in England
The government has issued its full guidance on mandatory face covering in shops in England, less than 12 hours before the rules are due to come into force.
-
NewsUnilever beats sales forecasts despite coronavirus crisis
Unilever surpassed its sales expectations despite turnover weakening in emerging markets due to the ongoing coronavirus pandemic.
-
NewsFrasers Group hits out at business rates revaluation delay
Mike Ashley’s Frasers Group has hit out at the government, saying it looks on with “anguish and bewilderment” at its decision to delay the next business rates revaluation until 2023.
-
NewsEve Sleep narrows losses despite sales slide
Eve Sleep has narrowed its half-year losses despite suffering a fall in sales during the first six months of its financial year.
-
NewsKingfisher revenues rise as online sales treble in lockdown
Kingfisher has posted a spike in second-quarter sales following “strong demand” across its European markets and online.
-
NewsEbay sells Gumtree to Norwegian rival Adevinta in $9bn deal
Ebay has sold its online classifieds business, which includes its Gumtree platform in the UK, in a $9bn (£7.1bn) deal as it ramps up focus on its core marketplace proposition.
-
NewsGovernment opens call for evidence on business rates reform
The government has launched a call for evidence on possible future reform of the existing business rates system.
-
NewsSuperdry stake snapped up by activist investor
Hedge fund Gatemore Capital has acquired a stake in Superdry and cited confidence in chief executive Julian Dunkerton’s vision for the future of the business.
-
NewsMatalan crashes to first-quarter loss as lockdown hits bottom line
Matalan has tumbled into the red on its first-quarter result as boss Jason Hargreaves described coronavirus as “the biggest challenge ever faced by the sector”.
-
NewsAO.com to reward all staff through ambitious incentive plan
All of electricals etailer AO.com’s 3,000 staff are to share in value created in the company through a reward plan that will recognise “truly exceptional performance”.