Latest finance news – Page 223
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NewsScS pulls out of running to snap up Sofa.com
ScS has pulled out the race to buy fellow furniture specialist Sofa.com, seemingly paving the way for Sports Direct tycoon Mike Ashley to snap up the business.
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NewsMPs launch inquiry into impact of business rates
The Treasury Committee has launched a fresh inquiry into the much-maligned business rates amid warnings that a further 100,000 shops will close this year.
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NewsH&M profits slump in 'challenging' year
H&M has suffered a slump in full-year earnings after what its chief executive described as a “challenging year”.
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NewsConsumer confidence in UK economy slumps to seven-year low
Consumer confidence slumped in January as concerns about personal finances and the UK’s economic outlook heightened.
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NewsOddbins warns of redundancies as advisers weigh options
Off-licence business Oddbins has warned of job losses after appointing advisers to look at its options following an “extremely tough” Christmas.
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NewsMike Ashley mulling Patisserie Valerie deal
Mike Ashley is reportedly considering making a bid for Patisserie Valerie, a move which would give him even greater control of the high street.
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NewsPeacocks: Payment changes have ‘nothing to do’ with market
Peacocks has hit out at suggestions it is in poor financial health after it instituted new payment terms for suppliers.
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NewsNo-deal Brexit will leave grocery shelves empty, BRC warns
Supermarkets would be plagued by empty shelves and higher food prices in the event of a no-deal Brexit, grocery retailers have warned.
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NewsMike Ashley ‘demands rent holiday’ over possible HMV deal
Sports Direct owner Mike Ashely is reportedly seeking a “six-month rent holiday” from HMV landlords if he were to save the music retailer.
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NewsAgenda: Brexit amendment vote and ScS updates the market
Retail Week looks ahead to the next seven days with MPs voting on a revised Brexit deal and a quarterly update from SCS on the agenda.
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NewsPaperchase sale discussed at crunch meeting
Stationery and gift card retailer Paperchase was reportedly offered to potential buyers at a meeting with key creditors yesterday.
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NewsWith Paperchase in crisis, is stationery at a standstill?
As Paperchase holds a crunch meeting with creditors to secure support for its restructuring plan, Retail Week asks whether there’s trouble on the cards for the whole stationery sector.
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NewsFindel eyes ‘upper end’ of profit guidance as sales jump
Findel has posted ‘recording-breaking sales’ over the Christmas period and consequently expects its pre-tax profit ‘to be towards the upper end of current market expectations’.
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NewsBonmarché records Christmas sales slump
Bonmarché has posted a slide in sales over the festive period as increased online momentum failed to offset falling store sales.
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NewsRetail jobs decline by 70,000 during golden quarter
The retail industry shed 70,000 jobs in the fourth quarter of last year compared to the same period in 2017, new figures have revealed.
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NewsEx-Tesco director Rogberg cleared over accounting scandal
Tesco’s former UK finance boss has been cleared of fraud following the grocer’s £250m accounting scandal.
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NewsPaperchase set for crunch landlord talks
Paperchase will outline a series of restructuring options to key creditors at two crunch meetings this week, Retail Week has learned.
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NewsHotel Chocolat posts 'strong' Christmas sales uplift
Hotel Chocolat has reported a rise in its Christmas sales driven by new stores and strong-seller Velvetiser hot chocolate.
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NewsWHSmith sales rise bolstered by travel arm
WHSmith recorded an increase in sales as a decline in its high street division was offset by a strong performance in its travel division.
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NewsJoules interim profits and sales increase
Joules has recorded a rise in profits above expectations, which boss Colin Porter says is a “testament to the strength of our distinctive brand”.