Latest finance news – Page 193
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NewsTopps Tiles sales floored by election uncertainty
Topps Tiles has suffered a dip in full-year profits and warned that sales have slumped since Prime Minister Boris Johnson called a general election last month.
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NewsPets at Home profits spike in ‘strong’ first half
Pets at Home has said it expects to deliver a full-year profit at the top end of market consensus following a “strong” first half.
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NewsSports Direct to rebrand as Frasers Group
Sports Direct International has unveiled plans to rebrand as the Frasers Group next month to reflect its ‘elevation’ strategy.
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NewsLouis Vuitton owner completes deal for jeweller Tiffany & Co
The world’s biggest luxury goods company LVMH is set to buy US-based jeweller Tiffany & Co in a deal worth in excess of $16bn (£12.5bn).
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NewsIntu sells retail park as disposal programme continues
Institutional landlord Intu has completed the sale of an out-of-town retail park in Northern Ireland to NewRiver, as its chief executive continues his focus on fixing the business’ balance sheet through disposals.
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NewsClarks drafts in consultants amid store closure concerns
Clarks has drafted in management consultants to conduct a review of the ailing high street business amid fear of store closures and possible job losses.
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NewsThe Hut Group secures loan to invest in digital strategy
The Hut Group has secured millions of pounds worth of credit to invest in its online platform and build out its position as a digital leader in the beauty and wellness sector.
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NewsAlibaba kicks off £10bn share sale with Hong Kong listing
Alibaba has kick-started the sale of 500 million shares as part of the Chinese retail group’s plan to raise HK$100bn (£10bn) through a Hong Kong listing.
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NewsB&Q sales decline in ‘disappointing’ third quarter
B&Q parent company Kingfisher has registered falling sales as new boss Thierry Garnier says the group’s performance has been hampered by “organisational complexity”.
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NewsMajority of shoppers say election won’t impact Christmas spend
Over half of shoppers say political uncertainty will have no bearing on their spending this festive season, with the majority planning to spend the same or more this year as they did in 2018.
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NewsHammerson sells retail park as disposals programme continues
Institutional landlord Hammerson has sold a Gloucester retail park for £54m to the local authority, as it continues its asset disposal programme in order to balance its books.
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NewsAO closes Netherlands business as it focuses on sustainable growth
Electricals retailer AO World is shutting its business in the Netherlands as it focuses on building its UK and German operations.
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NewsElection: Business rates top agenda as party leaders address CBI
Boris Johnson and Jo Swinson unveiled plans to change business rates, while Jeremy Corbyn pledged to create 320,000 new apprenticeships in a year with changes to the current levy.
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NewsShopping in-store more sustainable than online, claims Primark owner
The owner of Primark has defended its fast-fashion offering and said shopping in-store is more environmentally friendly and sustainable than online delivery.
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NewsConservatives to unveil plans to cut business rates
Boris Johnson is set to unveil planned tax cuts that he will say are designed to help businesses “make the most of Brexit”.
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NewsSteinhoff sells Bensons for Beds and Harveys
Bensons for Beds and Harveys Furniture are to be sold by owner Steinhoff to specialist investor Alteri.
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NewsCarpetright accepts Meditor takeover offer
Carpetright has accepted a takeover offer from its financier Meditor and called on investors to back the bid as it seeks cash to repay debt and provide working capital.
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NewsAlibaba set for biggest equity capital raising of year in Hong Kong listing
Alibaba is set to kick off what would be the world’s biggest equity capital raising of the year so far, as it prepares for its second listing on the Hong Kong stock exchange.
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NewsBRC criticises Conservatives’ business rates proposals
The British Retail Consortium has said Conservative Party proposals on business rates must go further, after the Tories promised to extend the retail discount on business rates.
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NewsThe Body Shop profits and sales rise bolstered by strong UK performance
The Body Shop has recorded an uplift in its third-quarter sales as parent company Natura&Co’s acquisition of Avon won shareholder approval.