Latest finance news – Page 245
-
NewsHut Group acquisitions boost profits and sales
The Hut Group’s profits and sales have rocketed following its acquisitions of new brands over the year.
-
NewsAsda full-year like-for-likes inch up as profits fall
Asda’s pre-tax profit shrank 10% last year despite an increase in like-for-likes.
-
NewsM&S swerves FTSE 100 relegation as Ocado rises up
M&S has narrowly avoided being relegated from the FTSE 100 despite its share price tumbling after it unveiled a 66% profit drop and 100 store closures.
-
NewsShop prices fall in May amid fierce competition
The price of non-food items declined 2.5% in May year-on-year as industry conditions remain challenging and retailers continue to compete on price.
-
NewsB&M bucks retail blues as full-year profits jump
B&M said it was well placed to prosper in the current “difficult economic environment” as profits and sales surged in its last financial year.
-
NewsLandlords prepare to take tougher stance on retail CVAs
Property owners are poised to take a more hard-nosed approach to retail CVAs.
-
NewsDixons Carphone warns on profits in tough market conditions
Dixons Carphone has warned that profits in its new financial year are expected to fall and detailed plans to shutter more than 90 stores.
-
NewsDunelm warns on profits as like-for-likes slide
Dunelm has issued a profit warning after experiencing “trading conditions materially more challenging than expected”.
-
NewsAgenda: B&M, Card Factory and consumer confidence data
Retail Week looks ahead to the next seven days, with updates from B&M and Card Factory, plus the latest consumer confidence figures, all on the agenda.
-
NewsMountain Warehouse eyes New Look stores as profits soar
Mountain Warehouse has posted its 21st consecutive year of sales growth boosted by overseas expansion as boss Mark Neale plots a Neon Sheep bricks-and-mortar roll-out.
-
NewsHomebase sold to Hilco as Wesfarmers culls Bunnings UK
Wesfarmers, which bought Homebase two years ago, has disposed of the ailing DIY firm for just £1 following its disastrous attempt to launch Bunnings in the UK.
-
NewsB&Q sales slump as big freeze forces store closures
Kingfisher blamed “unusually adverse weather” for a dramatic drop in B&Q sales during its first quarter.
-
NewsShop Direct falls into the red as cost of PPI bites
Very and Littlewoods owner Shop Direct swung to a loss in its third-quarter after it booked £100m to pay PPI claims.
-
NewsTopshop swings to full-year loss as sales suffer
Arcadia-owned Topshop has swung to a full-year loss following a sharp drop in sales and impairment charges on its property.
-
NewsHomebase on brink of sale to Hilco or Alteri
Homebase, owned by Australian giant Wesfarmers, is believed to be on the brink of a sale as restructuring firms Hilco, Alteri and Endless table final bids.
-
NewsM&S profits plunge as store closures hit bottom line
Marks & Spencer has recorded a slump in its full-year profits despite sales edging up due to costs associated with its store closure programme.
-
NewsWyevale owner Terra Firma hoists For Sale sign
Private equity firm Terra Firma Capital has put Wyevale Garden Centres up for sale, Retail Week can reveal.
-
NewsTopps Tiles profits crash as inflation hits
Topps Tiles’ profits have dropped dramatically due to inflationary pressures despite sales rising over the period.
-
NewsPets at Home sales rise fails to stem profits drop
Pets at Home’s sales rose over its last full-year but the retailer’s bottom line was dented by investment in lowering prices.
-
NewsHalfords profits shrink as it hires new chairman
Halfords’ full-year pre-tax profits have dipped despite an increase in like-for-likes.