Latest finance news – Page 247
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NewsMorrisons boss Potts shrugs off Sainsbury’s-Asda deal
Morrisons boss David Potts has insisted the grocer is “well placed” to drive further growth, even if the proposed mega-merger between Sainsbury’s and Asda goes ahead.
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NewsNext raises full-year profit guidance as sales jump
Next has upped its full-year profit forecast after online sales spiked in its first quarter.
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NewsMorrisons like-for-likes rise in 'strong' first quarter
Morrisons unveiled its 10th consecutive quarter of like-for-like growth as new ranges and store openings bore fruit.
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NewsEmbattled tycoon Wiese steps down from New Look board
Christo Wiese has relinquished his role on the board of fashion retailer New Look.
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NewsWalmart edges out Amazon with $16bn Flipkart deal
Walmart has snapped up India’s largest ecommerce retailer Flipkart for around $16bn (£11.8bn) after seeing off competition from Amazon.
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NewsCo-op completes £137.5m swoop for c-store rival Nisa
The Co-op has formally completed its £137.5m acquisition of symbol group Nisa.
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NewsJohn Lewis scotches rumours of Amazon Waitrose approach
John Lewis Partnership has poured cold water on suggestions that it received a takeover bid from online giant Amazon for its Waitrose chain last year.
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NewsAgenda: Morrisons, Next and Superdry update the market
Retail Week looks ahead to the next seven days, with updates from Morrisons, Next and Superdry on the agenda.
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NewsUpdated: Jacques Vert plunges into administration
Jacques Vert and its sister brands have entered administration for the second time in less than a year under new owner Calvetron.
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NewsHouse of Fraser slammed by property body over CVA plan
The British Property Federation has hit out at House of Fraser after the beleaguered business revealed it plans to launch a CVA next month.
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NewsHouse of Fraser launches CVA to secure fresh investment
House of Fraser is the latest retailer to launch a CVA as it bids to strip costs out of the business and secure a new shareholder.
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NewsConviviality rejected last-minute rescue offer
Conviviality, the drinks retailer that collapsed into administration last month amid management chaos, turned down a last-minute rescue proposal.
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NewsCarpetright unveils losses as shareholders approve CVA
Carpetright has today revealed that it expects to report full-year pre-tax losses in the region of £7m to £9m.
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NewsSainsbury's details plans for landmark merger with Asda
Sainsbury’s has lifted the lid on the details of its proposed merger with Walmart-owned Asda – a landmark deal that will create a supermarket powerhouse with more than 2,800 stores.
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NewsStreetwear brand Bench calls in administrators
Fashion brand Bench Limited, which has around 20 stores in the UK and an international online presence, has filed for administration.
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NewsYours Clothing back in the black as sales swell
Plus-size fashion firm Yours Clothing returned to profit in its last full year as its omnichannel strategy started to bear fruit.
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NewsSainsbury’s and Asda in shock talks over £10bn merger
Sainsbury’s and Asda are in shock talks over a £10bn merger to create a grocery retail powerhouse.
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NewsConsumer confidence down as personal finance woes hit
Consumer confidence dropped once more in April, as the general public anxiety over personal finances increased.
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NewsAmazon profits double in first quarter as sales surge
Amazon’s profits and sales have surged in its first quarter, surpassing analyst expectations and causing its share price to soar.
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NewsAgenda: Sainsbury's and Next update the market
Retail Week looks ahead to the next seven days, with updates from Sainsbury’s and Next on the agenda.