Latest finance news – Page 207
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NewsSuperdry postpones results after boardroom exodus
Superdry has announced it will delay posting its full-year results following “recent management transition”.
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NewsDay turns screw on Bonmarché by imposing offer deadline
Philip Day, owner of the Edinburgh Woollen Mill Group, has put a deadline on his his offer to buy Bonmarché over concerns about its ability to operate as a going concern.
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NewsKaren Millen owner to kick off takeover talks with bidders
Karen Millen’s parent company Kaupthing has launched an auction for the fashion chain, with formal talks with bidders to kick off in the coming days.
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NewsBoots third-quarter sales slide as retail arm suffers
Walgreens Boots Alliance has recorded a decline its third-quarter profits as the performance of its international arm was dragged down by Boots’ falling sales.
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NewsItalian womenswear brand Stefanel in administration
Italian fashion brand Stefanel UK arm has crashed into administration and is set to close both its London stores.
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NewsThe Hut Group makes first foray into bricks and mortar in Manchester
The Hut Group has completed the purchase of a building that formerly housed a Jamie’s Italian restaurant in Manchester, marking its first move into bricks-and-mortar retail.
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NewsBonmarché shareholder ‘disgusted’ by Day bid U-turn
One of Bonmarché’s largest shareholders has lashed out over the fashion retailer’s U-turn on a £5.7m takeover bid by billionaire Philip Day.
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NewsBathstore crashes into administration
Bathstore.com has collapsed into administration following years of tough trading conditions, putting hundreds of jobs at risk.
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NewsBonmarché in Day offer U-turn as ‘poor’ trading continues
Bonmarché’s board has said that poor trading during the first quarter means the offer made by Philip Day looks “more attractive”, despite not having been improved.
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NewsNew Look celebrates return to ‘underlying profitability’
New Look is back in the black on an underlying basis after its turnaround programme bore fruit.
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NewsCarpetright reports ‘year of two halves’ as turnaround continues
Carpetright has posted reduced annual losses and said there has been strong like-for-like growth in the new financial year.
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NewsEdinburgh Woollen Mill suffers profit fall
Edinburgh Woollen Mill Group has posted a decline in full-year profits as it confronted challenging trading conditions.
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NewsCarrefour sells China business to Suning.com
Carrefour has become the latest big Western retailer to beat the retreat in China after agreeing to sell its business there.
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NewsUK consumer spending growth slowest for six years
The UK consumer spending growth rate will be at its slowest in six years during 2019, ratcheting up pressure on retailers.
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NewsGame advises investors to accept Sports Direct offer
Directors of computer entertainment retailer Game have advised shareholders to accept a takeover offer from Mike Ashley’s Sports Direct that values the business at £51.9m.
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NewsAgenda: Carpetright and Gear4Music update the market
Retail Week looks ahead to the next seven days with updates from Carpetright and Gear4Music on the agenda.
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NewsAshley calls for Goals Soccer Centres boardroom cull
Sports Direct boss Mike Ashley has called for a Goals Soccer Centres boardroom cull due to “the perceived lack of transparency” in its ongoing accounting crisis.
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NewsMonsoon Accessorize CVA proposal calls for rent cuts
Monsoon Accessorize has published its CVA proposal calling for rent reductions at 135 stores in exchange for £30m in funding and a £10m annual profit-sharing scheme.
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NewsDixons Carphone profits plummet as it warns of ‘more pain’
Dixons Carphone’s profits shrank by nearly a quarter last year and the retailer has warned of “more pain in the coming year”.
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NewsBathstore on the brink of administration
Bathstore is near to insolvency and has lined up accountants BDO to handle its administration.