Latest finance news – Page 202
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NewsTK Maxx owner quarterly sales and profits climb
TK Maxx’s parent company TJX has posted an uplift in second-quarter sales and income despite a decline in profit margin.
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NewsOverseas investors eye Morrisons and others due to weak pound
Stable retail businesses such as Morrisons are being eyed by overseas investors due to a drop in the price of sterling driven by ongoing uncertainty around Brexit, according to analysts.
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NewsGlobal Fashion Group sales rise and losses narrow
Global Fashion Group posted rising sales during its first half following the recent IPO.
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NewsHammerson appoints new chief financial officer
Hammerson has appointed a new chief financial officer who will also be made executive director on joining the company in September.
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NewsPoundland owner prepares for sale or float
Poundland owner Pepkor Europe is understood to be mulling a €4bn (£3.6bn) sale or flotation next month.
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NewsAsda second-quarter sales boosted by later Easter
Asda has posted an uptick in second-quarter sales, boosted by the later timing of Easter.
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NewsChinese etailer JD.com returns to profit as sales climb
Chinese ecommerce titan JD.com beat analyst expectations with its second-quarter results, bolstered by sales from its annual 6.18 shopping festival.
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NewsSports Direct in crunch talks with government as auditor quits
Sports Direct is in a race against the clock to appoint an auditor ahead of its annual general meeting in September when current auditor Grant Thornton will step down.
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NewsSteinhoff to sell off assets following accountancy scandal
South African retail giant Steinhoff is set to cut its debt and trim down its assets to focus on retail investments after a previous $7bn (£5.8bn) accountancy scandal.
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NewsChancellor Sajid Javid shrugs off plea for business rates reform
Chancellor Sajid Javid has shrugged off pleas by the retail industry for reform of the “broken” business rates system.
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NewsWatches of Switzerland hails ‘strong’ first quarter since IPO
Watches of Switzerland group posted an increase in sales and like for likes during its first quarter since becoming a listed business.
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NewsNext boss Wolfson: No-deal Brexit will only bring ‘mild disruption’
Next chief executive Lord Wolfson believes that chaos can be avoided in the event of a no-deal Brexit, which would only bring “mild disruption”.
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NewsCard Factory posts sales rise despite tough trading conditions
Greetings card specialist Card Factory has reported a rise in first-half sales and expects to meet full-year profit forecasts.
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NewsTop retailers call on chancellor to fix broken business rates system
More than 50 retailers have written to new chancellor Sajid Javid demanding action to lighten the burden of business rates.
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NewsTesco bosses build support for online sales tax
Tesco is quietly building support from rival retailers for the introduction of an online sales tax.
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NewsEve Sleep and Simba in early stage merger talks
Mattress in a box specialists Eve Sleep and Simba are in early-stage merger talks as the loss-making businesses seek to guard against a challenging landscape.
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NewsAgenda: Walmart and ONS retail sales figures
Retail Week looks ahead to the next seven days with updates from Walmart and the latest ONS retail sales figures on the agenda.
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NewsBarneys secures fresh capital in bid to avoid collapse
Barneys New York has received a fresh cash injection as it seeks to fend off the threat of collapse.
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NewsSports Direct exec Murray: We’re not in crisis
Sports Direct executive Michael Murray has insisted the group is “definitely not a business in crisis” despite increasing doubts over its strategy.
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NewsBoohoo swoops on Karen Millen and Coast but jobs axed
Online fashion giant Boohoo has bought the Karen Millen and Coast brands for £18.2m.