Latest finance news – Page 213
-
NewsBonmarché board unanimously rejects Philip Day offer
Bonmarché has unanimously rejected the offer made by prospective buyer Philip Day, and said the cost-reduction plans of its board will succeed “in the medium term”.
-
NewsWickes hails 'encouraging' first quarter sales
Wickes has posted an increase in sales during its first quarter, driven by a “strong turnaround” in its kitchen and bathroom categories.
-
NewsLeaders call for review of ‘unsustainable’ business rates
The president of the Confederation of British Industry (CBI) is calling for an independent review of the “uneconomical, unsustainable and unintelligible” business rates system.
-
NewsCredit insurer Atradius slashes retail sector outlook
Credit insurance firm Atradius has downgraded the retail sector’s performance outlook for the year ahead from ‘fair’ to ‘poor’.
-
NewsCo-op appoints former Lloyds of London executive as finance boss
The Co-op has appointed Shirine Khoury-Haq as its new chief financial officer, replacing Ian Ellis who announced his retirement last year.
-
NewsWalmart mulls Asda sale after failed Sainsbury’s mega-merger
Walmart is exploring the possibility of exiting from Asda after the CMA blocked its merger with fellow big four grocer Sainsbury’s.
-
NewsNew Look completes debt restructure
New Look has completed its restructuring, slashing its debt to enable it to invest in its turnaround strategy.
-
NewsAgenda: Morrisons and Superdry update the market
Retail Week looks ahead to the next six days with updates from Morrisons and Superdry on the agenda
-
News
Wayfair's losses widen despite soaring sales
Wayfair’s losses widened despite posting a surge in sales and a record-breaking promotional day in its first quarter.
-
NewsIntu warns CVA glut will hit rental income
Intu has warned its rental income will fall below expectations this year following a “higher than expected level of CVAs”.
-
NewsSports Direct probed by financial regulators
Regulators are probing Sports Direct over its latest financial accounts and compliance with rules on inside information.
-
NewsLandlords demand bigger Arcadia stake in exchange for CVA vote
A host of Britain’s biggest property owners have joined forces to demand a larger equity stake in Arcadia, should the fashion group push forward with a CVA.
-
NewsOcado investors hit out at executive pay
A quarter of Ocado’s shareholders rebelled against the etailer’s renumeration plan for its directors at its annual general meeting.
-
NewsWatches of Switzerland considers IPO as sales rise
Watches of Switzerland will consider a float after posting an increase in sales for its fourth quarter.
-
NewsZalando sales and profits rise in 'strong' first quarter
Zalando has posted an increase in sales and profits and gained more customers during its first quarter.
-
NewsN Brown profits edge up despite sales decline
N Brown has posted an uptick in full-year profits despite a decline in sales as boss Steve Johnson said a refocus of the group’s strategy is “now required”.
-
NewsSainsbury's Coupe vows to stay despite failed Asda deal
Sainsbury’s boss Mike Coupe has vowed to fight on despite the collapse of the grocer’s proposed merger with Asda.
-
NewsNext overperforms after online drives sales
Next has reported rising sales despite falling store figures thanks to its online business.
-
NewsSainsbury’s profit nosedives as Asda deal costs mount
Sainsbury’s pre-tax profits have plummeted with like-for-likes dipping in its full-year results.
-
NewsArcadia board to hold crunch restructuring meeting today
Arcadia’s board is set to meet today to discuss the future of Sir Philip Green’s embattled fashion chain, as it eyes a possible company voluntary arrangement.