Latest finance news – Page 191
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NewsOcado sales rise as it prepares to ramp up M&S grocery offer
Ocado has recorded in its quarterly sales as the grocery etailer says it will add ‘many more lines’ to its M&S range than the 4,000 product lines currently offered via Waitrose.
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NewsSuperdry profits wiped out as sales fall in ‘year of reset’
Superdry’s recorded a nosedive in pre-tax profits at the interim mark but boss Julian Dunkerton said he was “pleased with the progress” made by the retailer.
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NewsDixons Carphone profits short-circuit as transformation costs bite
Dixons Carphone has recorded a slump in pre-tax profit exacerbated by sliding mobile sales, but boss Alex Baldock says the retailer’s transformation plan is “on track.”
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NewsAnalysis: How Watches of Switzerland is moving with the times
Following a stellar set of maiden interim results since floating in May this year, Watches of Switzerland boss tells Retail Week how the luxury brand continues to stand the test of time.
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NewsAmazon-Deliveroo: CMA set to ratchet up probe into minority stake
Amazon’s cash injection into food delivery service Deliveroo has raised the hackles of the Competition and Markets Authority (CMA), which has warned of “serious competition concerns”.
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NewsTed Baker CEO and chair quit amid fresh profit warning
Ted Baker has been plunged further into crisis after parting company with its chief executive and chair following a fresh profit warning.
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NewsMcColl’s blames profit warning on low consumer confidence
McColl’s has issued a profit warning for the year, blaming “softer market conditions” in the second half of the year on unseasonable weather and low consumer confidence.
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NewsTravis Perkins says demerger of Wickes to be completed by middle of next year
Wickes owner Travis Perkins has hailed the progress it has made in its bid to offload the retailer and says the demerger will be complete by the second quarter of 2020.
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NewsMothercare UK losses deepen during ‘extraordinarily challenging’ period
Mothercare UK has reported widening losses in the first half of the financial year, starkly highlighting the issues which led to its being placed into administration in November.
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NewsWatches of Switzerland profits soar on back of ‘robust’ UK and US markets
Watches of Switzerland has reported soaring profits and revenues as it praised the “robust” market for luxury watches both in the UK and the US.
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NewsTed Baker drafts in Deloitte to investigate £25m stock overstatement
Ted Baker has appointed Deloitte to work alongside law firm Freshfields on the investigation into the overstated the value of stock on its balance sheet.
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NewsSports Direct puts Lillywhites London lease up for sale
Sports Direct’s lease of the six-floor Lillywhites store on London’s Piccadilly has reportedly been put on the market.
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NewsJD Sports’ Footasylum acquisition put on hold by CMA
JD Sports planned £90m takeover of struggling footwear firm Footasylum has been halted by an ongoing investigation by the Competition and Markets Authority (CMA).
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NewsTed Baker calls in advisers as it looks to revive fortunes
Ted Baker has called in consultancy firm AlixPartners to help with a root-and-branch review of operations after a difficult year that has seen it issue three profit warnings.
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NewsM&G suspends property fund as Brexit and retail landscape take toll
Property fund M&G has banned all withdrawals, blaming Brexit and the retail downturn for the decision.
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NewsDunelm profits to beat expectations amid margin gains
Dunelm has said it expects full-year profits to come in “higher than previous expectations” after a period of “strong sales growth”.
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NewsJoules sales climb despite ‘challenging’ September
Joules has posted an increase in sales during the first half of its financial year despite suffering what it called a “challenging” September.
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NewsClintons seals pre-pack admin deal saving 2,500 jobs
Greetings cards specialst Clintons has been bought out of administration by Esquire Retail Limited, safeguarding all 2,500 jobs.
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NewsEdinburgh Woollen Mill’s profits rise in ‘turnaround’ period
The Edinburgh Woollen Mill group has posted an increase in profits as the fashion retailer continued to expand its luxury division.
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NewsMorrisons promotes two in management reshuffle
Morrisons has reshuffled its management team with two senior appointments, leading its boss to praise the supermarket’s “strong management development plans”.