Latest finance news – Page 218
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NewsSuperdry: ‘Back me to save Christmas’, Dunkerton urges
Superdry founder Julian Dunkerton has called on investors to back his reappointment to the board to ensure the strongest possible trading over the key Christmas period.
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NewsUpdate: Battle for Debenhams heats up
Debenhams has secured a £200m funding injection as the business battles to secure its future amid the overtures of Sports Direct.
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NewsMike Ashley rules out buying Arcadia ‘even for £1’
Sports Direct owner Mike Ashely has launched an attack on Sir Philip Green, insisting he wouldn’t buy his Arcadia retail empire even “for a pound”.
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NewsGame profits increase driven by cost-cutting programme
Game has posted an increase in profits at the half-year mark despite falling sales, in what boss Martyn Gibbs described as “a challenging retail environment”.
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NewsTed Baker full-year profits slide as sales rise
Ted Baker has posted a steep decline in its full-year profits despite increased sales, which acting boss Lindsey Page attributed to “difficult trading conditions.”
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NewsNext full-year profits edge down as store sales decline
Next has recorded a dip in pre-tax profits in its full-year results as falling sales in its stores were offset by rises across its online and brand sales.
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NewsRetail crime costs up to £1.9bn in 2018
The latest BRC Retail Crime Survey shows that spending on prevention and losses from crime cost the retail sector £1.9bn in 2018.
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NewsThe Entertainer sales and profits climb
The Entertainer recorded a rise in profits bolstered by strong like for likes, which founder Gary Grant credited to its ”enthusiastic, loyal staff”.
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NewsKingfisher plans for Laury's exit as profits crash
Kingfisher has begun to lay the plans for its next chief executive appointment against a backdrop of falling profits.
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NewsOffice Outlet collapse puts 1,200 jobs at risk
Office Outlet, the stationery chain formerly known as Staples, has tumbled into administration just two years after its rebrand.
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NewsOcado to rebuild Andover warehouse following fire
Ocado has committed to rebuilding its Andover warehouse that was gutted by a fire, despite admitting the site is “ruined”.
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NewsSainsbury's-Asda vow to invest £1bn in price to woo CMA
Sainsbury’s and Asda have pledged to plough £1bn into price and establish a profit cap on fuel if their landmark £13bn merger is given the green light.
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NewsScS profits increase in challenging market conditions
ScS, the upholstered furniture specialist, has reported an increase in half-year profits but said trading conditions remain uncertain.
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NewsBonmarché issues fresh profit warning after March setback
Bonmarché has warned that it will make a worse than expected loss this year after tough trading in March.
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NewsOcado sales advance despite warehouse fire
Ocado has posted an increase in sales in its first quarter, when a fire hit its Andover warehouse.
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NewsAsos posts sales rise as UK outperforms and US lags
Asos has recorded a rise in quarterly sales after a strong showing in the UK, but high demand in the US caused dispatch problems there.
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NewsNew Look to shut all stores in Poland
New Look will shut its Polish operations as part of its management team’s bid to turn the business around.
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NewsJD Sports to buy Footasylum in £90m deal
JD Sports has made a recommended cash offer for embattled counterpart Footasylum.
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NewsProperty giants refuse to work on Arcadia CVA
Leading retail property agencies CBRE and JLL have made clear they will not assist Arcadia tycoon Sir Philip Green with a CVA of the fashion group.
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NewsDebenhams considering pre-pack option
Debenhams is considering a pre-pack administration in a bid to prevent the struggling department store group from falling into Mike Ashley and Sports Direct’s grasp.