Latest finance news – Page 211
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NewsArcadia CVA plan slammed by Pensions Regulator
Arcadia’s plans to shutter stores, slash rents and axe hundreds of jobs have come under fire just hours after they were unveiled.
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NewsM&S full-year profits fall as sales decline
Marks & Spencer has recorded a fall in its preliminary pre-tax profits, but boss Steve Rowe heralded “green shoots” in the department store’s ongoing transformation plan.
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NewsPets At Home full-year profits rise 'faster than anticipated'
Pets At Home has posted an increase in sales and profits in its preliminary results as boss Peter Pritchard described the business as “trading strongly and taking share across the pet market”.
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NewsSuperdry poaches Wiggle chief financial officer
Fashion retailer Superdry has appointed a new interim chief financial officer as the business begins to rebuild its board.
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NewsSports Direct tycoon Ashley bails out of MySale
Sports Direct tycoon Mike Ashley has sold his stake in etailer MySale.
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NewsShoe Zone posts flat sales and profits in first half
Shoe Zone has reported a “positive” first-half performance, when it held sales and profits firm, as it benefited from falling rents on store lease renewals.
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NewsHalfords suffers fall in full-year profits
Halfords has reported a decline in full-year profits as challenging trading conditions and the weather took a toll.
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NewsWHSmith chief executive Clarke to step down
WHSmith group chief executive Stephen Clarke is to step down in October, when he will hand over the reins to Carl Cowling.
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NewsTopps Tiles reports ‘robust’ first-half in tough climate
Topps Tiles has reported a fall in interim profits but said it has gained market share and has made an “encouraging start” to the second half of its financial year.
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NewsAshley considers legal challenge over Debenhams rescue plan
Sports Direct owner Mike Ashley is examining the possibility of launching legal action against Debenhams, after its controversial company voluntary arrangement was approved earlier this month.
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NewsCo-op signs Superdrug deal to supply own-brand food
The Co-op has struck a deal with Superdrug to supply own-brand food-to-go products as part of the health and beauty chain’s meal deals.
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NewsArcadia sales slump as Green mulls closing international arm
The poor financial state of Sir Philip Green’s Arcadia Group has been laid bare in documents sent to landlords ahead of an imminent company voluntary arrangement.
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NewsJD Sports faces CMA probe over Footasylum acquisition
The Competitions and Markets Authority (CMA) has launched an investigation into JD Sports over its £90m acquisition of Footasylum.
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NewsAgenda: M&S, Halfords and Mothercare update the market
Retail Week looks ahead to the next seven days with updates from Marks & Spencer, Halfords and Mothercare on the agenda
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NewsAsda posts first-quarter sales decline
Asda has reported a fall in like for likes as a later Easter this year contributed to a drop in comparative sales in its first quarter.
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NewsMorrisons bosses give up £1m in bonus payments
Morrisons chief executive David Potts and finance boss Trevor Strain have handed back more than £1m in bonus payments linked to personal performance targets.
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NewsBurberry profits rise as transformation plan bears fruit
Burberry has posted an increase in full-year profits and hailed “strong progress” with its transformation plan.
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NewsJohn Lewis axes defined benefit pension scheme
The John Lewis Partnership is scrapping its defined benefit pension scheme as the group battles to cut costs.
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NewsBoxpark boss Wade: Retail 'on the edge of a precipice'
Boxpark boss Roger Wade has warned retail is “on the edge of a precipice” and urged the government to intervene to save Britain’s high streets.
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NewsAnalysis: Is there appetite for an Asda IPO?
Walmart International boss Judith McKenna told Asda staff at the grocer’s Leeds HQ that the business was “seriously considering” an IPO – but would the market bite?