Latest finance news – Page 198
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NewsDeliveroo sales double but losses balloon
Deliveroo has reported deepening pre-tax losses, despite more than doubling its sales over the last year, as it splashed out on “major investments”.
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NewsAgenda: Dunelm, N Brown and Quiz update the market
Retail Week looks ahead to the next seven days with updates from N Brown, Dunelm and Quiz all on the agenda.
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NewsH&M quarterly profits rise for first time in two years
H&M has posted its first rise in quarterly profits for more than two years as digital investments and strong demand for its summer collections bore fruit.
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NewsTopps Tiles full-year sales rise in ‘tough market’
The flooring specialist has said it expects its full-year like-for-like sales to be up year on year, with profits in line with current market expectations.
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NewsTesco boss Dave Lewis to step down as interim profits rise
Tesco chief executive Dave Lewis is set to step down from the grocer next year as the business delivers half-year profit growth and flat sales.
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NewsCMA escalates investigation into JD Sports’ Footasylum acquisition
The Competition and Markets Authority has today escalated its probe into JD Sports’ £90m swoop for Footasylum, after the footwear retailer decided there wasn’t any “appropriate remedies” to avoid the phase 2 probe.
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NewsScS profits up as boss hails year of ‘good progress’
ScS has said its financial health “has never been as strong”, following a year which saw both its profits and sales rise.
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NewsGreggs sales soar after trade continues ‘very strongly’
Greggs has hailed another quarter of strong sales growth, saying it “continued to trade very strongly” on the high street.
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NewsIdeal Shopping Direct back in the black after changes at the top
Ideal Shopping Direct has swung from heavy losses to an expected profit in less than a year, spearheaded by a number of new senior appointments.
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NewsMiss Selfridge losses balloon as sales slump
Miss Selfridge suffered ballooning losses last year after a slump in sales and a writedown in the value of its property.
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NewsForever 21 to axe 350 stores amid Chapter 11 bankruptcy
Forever 21 has filed for Chapter 11 bankruptcy protection in the US amid plans to close up to 350 stores across the globe.
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NewsBooths sales on the rise but profits remain out of reach
Booths saw sales inch up over the course of the financial year, but profitability remained out of reach for the upmarket grocer.
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NewsAgenda: ScS, Greggs and Tesco update the market
Retail Week looks ahead to the next seven days with updates from Tesco, Ted Baker and Topps Tiles all on the agenda.
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NewsPoundland parent rebrands as it gears up for European expansion
Pepkor, the owner of discount variety chain Poundland, has rebranded as Pepco Group as it seeks to align itself with its largest Central European brand.
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NewsM&S chair Norman snaps up more shares
Marks & Spencer chair Archie Norman has bulked up his shareholding in the retailer.
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NewsSuning.com completes Carrefour China acquisition
Suning.com has completed its acquisition of Carrefour’s Chinese business, as the retailer looks to accelerate the expansion of its bricks-and-mortar portfolio.
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NewsLandlord drops Monsoon Accessorize CVA challenge
British Land has dropped a legal challenge to fashion retailer Monsoon Accessorize’s CVA.
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NewsConsumer confidence inches up despite looming Brexit deadline
Consumer confidence increased marginally across all measures in September as shoppers delivered mixed results ahead of the October 31 Brexit deadline.
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NewsDFS profits rise despite tough trading conditions
DFS has reported a healthy increase in its underlying profit before tax and hailed the progress made following the launch of its new strategy, despite the headwinds facing the sector.
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NewsOasis and Warehouse profits rise despite ‘challenging retail environment’
Oasis and Warehouse group posted “strong growth” in sales and profits during its full-year results, the first since new chief executive Hash Ladha was appointed last October.