Latest finance news – Page 169
-
NewsTed Baker encouraged by recent trading and online growth
Ted Baker has reported “resilient trading” despite the impact of the coronavirus pandemic and is encouraged by progress on its transformation plan.
-
NewsAsda sale talks back on, Walmart reveals
Walmart has recommenced discussions with potential buyers of a stake in Asda, the US giant said.
-
NewsIceland blames widening losses on tough trading conditions and Brexit
Iceland has blamed widening losses in its last financial year on tough trading conditions and ongoing uncertainty around Brexit and the December general election.
-
NewsBoohoo shares bounce back after co-founders plough £15m into brand
The co-founders of fast-fashion giant Boohoo have bought another £15m worth of shares in a bid to stop the share price from falling any further.
-
NewsBensons bolsters tops team as it prepares to streamline store estate
Bensons for Beds has appointed a new chairman and strengthened its executive team in a bid to drive the business’ profitable growth.
-
NewsIntu slashes head office roles as future of centres hangs in the balance
Embattled landlord Intu has slashed jobs at both its London head office and one of its subsidiary property companies after collapsing into administration earlier this month.
-
NewsNext fends off M&S to close in on Victoria’s Secret deal
Fashion giant Next has agreed an outline deal to snap up the Victoria’s Secret business in the UK.
-
NewsRivals lambast CMA’s provisional findings on Deliveroo–Amazon tie-up
A number of food retailers and other rivals have criticised the Competition and Markets Authority’s provisional clearance of Amazon’s proposed investment in Deliveroo.
-
NewsBurberry to cut hundreds of jobs due to pandemic’s ‘severe impact’ on sales
Luxury goods retailer Burberry has announced plans to cut hundreds of jobs as it attempts to recover from the effects of the coronavirus on its sales.
-
NewsDunelm sales slide despite ‘significant’ online growth
Dunelm has posted a sharp drop in sales during its fourth quarter despite hailing “significant” growth in its online business.
-
NewsAsos sales surge during lockdown as international markets drive growth
Asos has posted a jump in sales during the coronavirus lockdown and said it expects to deliver “strong profit growth” across its financial year.
-
NewsDixons Carphone profits tumble as coronavirus closures hit bottom line
Dixons Carphone has suffered a slump in full-year profits as sluggish performance in its mobile phone business and store closures sparked by coronavirus impacted its bottom line.
-
NewsAO.com boss eyes new markets as electricals sector sees online shift
AO.com chief executive John Roberts has expressed interest in bringing the business to new European markets after its German venture was brought to profitability this year.
-
NewsDFS swings to full-year loss but registers strong reopening demand
DFS has slumped to a full-year loss exacerbated by declining sales following the coronavirus lockdown, but has said that customer demand since reopening has been high.
-
NewsAO.com full-year profits up by half as sales climb
AO.com recorded a strong increase in its full-year profits and sales, but chief executive John Roberts says the retailer “must cement that change” driven by online shopping habits amid the coronavirus pandemic.
-
NewsOcado investments hit half-year profits as sales jump
Ocado’s half-year profits have declined, as chief executive Tim Steiner plans to invest more in innovation “taking advantage of a scale of opportunity that we have never seen before” in online grocery.
-
NewsClarks moves step closer to minority stake sale with investors
Struggling family-run shoe chain Clarks has seen interest from multiple parties to help inject cash into the business.
-
NewsQuiz ‘extremely concerned’ by fresh Leicester sweatshop allegations
Embattled fashion brand Quiz has said it is “extremely concerned” by reporting over the weekend that alleged workers at a factory making its products in Leicester were not paid the National Living Wage.
-
NewsNational Crime Agency scrutinises Leicester slavery allegations as Boohoo investor bails
The National Crime Agency (NCA) is looking into reports of modern slavery in the Leicester textile industry, following newspaper allegations involving etailer Boohoo.
-
NewsGymshark circled by private equity as it eyes £1bn valuation
A flurry of investment firms is vying to snap up a minority stake in workout clothing brand Gymshark.