Latest finance news – Page 201
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NewsAmazon pays £220m in UK taxes despite £11bn sales
Amazon paid just £220m in taxes in the UK last year, despite raking in £10.9bn from its sprawling British business.
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NewsQuiz expects return to profit despite tough summer trading
Fashion retailer Quiz has said it expects to return to profitable growth in the medium term, despite reporting tough trading over the summer months.
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NewsHalfords trims profit forecast amid summer sales slowdown
Halfords has trimmed its profit guidance for the second time this year after blaming poor weather and weak consumer confidence for a slump in sales.
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NewsDunelm profits jump as it celebrates 40th year of trading
Dunelm has delivered “a strong performance” as sales and profits rise during its 40th year of trading.
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NewsCourt hears Ashley wants to ‘eliminate’ Debenhams as rival
Sports Direct boss Mike Ashley wants to “eliminate a competitor” by backing a legal challenge to Debenhams’ CVA, the High Court heard.
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NewsGreen prepares to split up Arcadia fashion empire
Sir Philip Green is plotting to separate retailers within the Arcadia group in a bid to offload different brands.
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NewsAgenda: Dunelm, Halfords and Dixons Carphone update the market
Retail Week looks ahead to the next six days with updates from Dixons Carphone and Halfords on the agenda.
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NewsSports Direct boss Mike Ashley faces growing shareholder revolt
A third proxy advisor has called for shareholders to vote against Mike Ashley’s re-appointment as chief executive of Sports Direct at its upcoming annual general meeting (AGM).
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NewsShoe Zone issues profit warning as chief executive exits
Shoe Zone chief executive Nick Davis has resigned from his role as the retailer warns that full-year profits will be below expectations due to “tough high street trading”.
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NewsCustomer confidence slides amid political upheaval
Customer confidence declined across all measures in August as shoppers’ outlook on their personal finances and the economy faltered.
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NewsMcColl’s sales slip in ‘highly unseasonable summer’
McColl’s has suffered a fall in third-quarter sales, which it blamed on a “highly unseasonable summer” and “ongoing macroeconomic uncertainty”.
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NewsHammerson launches Leeds City Quarters concept
Hammerson has unveiled plans for its latest City Quarters concept in Leeds, which will sit adjacent to its Victoria Gate shopping centre in the city.
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NewsTed Baker strikes Japanese licensing deal to drive growth
Ted Baker is to license its Japanese business, which at present is directly operated, to local partner Sojitz Infinity.
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NewsWHSmith posts strong full-year travel performance
WHSmith has reported strong trading at its travel division and performance in line with expectations at its high street arm.
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NewsFarfetch denies Barneys acquisition speculation
Online fashion specialist Farfetch has dismissed a report that it was considering acquiring bankrupt US department store business Barneys.
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NewsAgenda: WHSmith and McColl’s update the market
Retail Week looks ahead to the next six days with updates from Morrisons and Superdry on the agenda.
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NewsReiss sales soar as investment pays off
Fashion retailer Reiss has reported a surge in first-half sales.
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NewsMulberry poaches longstanding Ted Baker finance director
Mulberry has appointed longstanding Ted Baker director as its new group finance director.
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NewsLaura Ashley slips into the red after homeware arm underperforms
Laura Ashley has reported a full-year pre-tax loss and seen like-for-like and total sales fall, which the retailer’s chair put down to the underperformance of its homeware arm.
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News‘For sale’ sign raised over toy retailer Hawkin’s Bazaar
Toys and gadgets specialist Hawkin’s Bazaar has been put up for sale and offers are being sought for all or parts of the retailer.