Latest finance news – Page 190
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NewsFashion retailer Joy on brink of collapse for third time
Joy, the fashion and accessories specialist, looks likely to plunge into administration and become the first retail collapse after Christmas.
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NewsRetail job losses reach highest level in more than two decades
Almost 150,000 retail jobs were lost in 2019 as the industry battled high costs and changing shopping habits.
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NewsAmazon-Deliveroo deal to face in-depth competition investigation
Amazon’s investment in online food delivery specialist Deliveroo will be subject to an in-depth investigation over competition concerns.
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NewsHedge funds gamble against retail big names
Hedge funds are betting that big-name retailers’ share prices will fall as the industry faces continued tough conditions.
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NewsJD Sports insists Footasylum deal ‘will benefit consumers’
JD Sports has insisted its £90m takeover of rival Footasylum “will benefit consumers” as it wrestles to convince competition watchdogs of the merits of the deal.
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NewsMoonpig hits landmark sales figure
Online greetings card specialist Moonpig has reported sales of £100m bolstered by an increase in demand for personalised cards.
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NewsConsumer confidence buoyed by post-election bounce
Consumer confidence rallied in December as the Conservative Party’s election victory boosted shopper sentiment about the UK’s economic future.
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NewsThe White Company profits rise in ‘turbulent’ year
The White Company has posted an uplift in full-year profits as investments in IT and its infrastructure helped it navigate the “turbulent retail environment”.
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NewsQueen’s speech brings business rates disappointment for big retailers
Plans revealed in today’s Queen’s speech to reform business rates have prompted disappointment because of their limited nature.
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NewsWHSmith shareholders back $400m US deal
WHSmith investors have formally backed the retailer’s $400m takeover of US giant Marshall Retail Group (MRG).
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NewsCarpetright investors vote through sale to Meditor
Carpetright investors yesterday voted through a takeover by backer Meditor.
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NewsOcado set to become UK’s largest listed tech company
Ocado will become the “Microsoft of retail” following a decision by the Competition and Markets Authority (CMA) to de-designate the grocers as a retailer.
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NewsThe Book People falls into administration a week before Christmas
The Book People has called in administrators for the second time in a bid to secure its future.
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NewsH&M sales rise as it eyes return to profit growth
H&M has posted an uptick in fourth-quarter sales as the group remained on track to deliver an increase in full-year profits for the first time in four years.
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NewsThe Hut Group secures €1bn in fresh fundraising round
The Hut Group has won €1bn in new financing that will transform its balance sheet and super-charge its growth aspirations.
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NewsStudio profits hit by surge in PPI claims
Studio, the online retailer previously known as Findel, has posted a slump in profits following a surge in PPI claims.
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NewsArcadia seals £310m loan on Topshop flagship store
Sir Philip Green’s Arcadia has refinanced the £310m loan on its flagship Topshop store on London’s Oxford Street.
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NewsSainsbury’s considers offers for £1.9bn mortgage book
Sainsbury’s considering a number of offers for its £1.9bn mortgage book as it looks to quit the home loans market.
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NewsNew Look reshuffles top brass as Oddy named chief executive
New Look has reconfigured the makeup of its senior leadership team, appointing Nigel Oddy as its new chief executive as well as naming a new non-executive chair.
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NewsZara owner Inditex reports 'strong' profits and sales growth
Inditex reported an increase in profits and sales, as the fashion giant hailed the continued rollout of its “global, fully integrated store and online platform”.