Latest finance news – Page 249
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NewsBunnings calls in consultants to boost UK business
Bunnings has drafted in consultants to advise its senior leadership team in the UK as the Australian DIY giant attempts to revive its British business.
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NewsKlépierre abandons bid for rival mall owner Hammerson
Klépierre has pulled the plug on its attempts to buy Hammerson – paving the way for the latter to complete its acquisition of rival Intu.
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NewsGame’s largest shareholder disposes of stake
Game’s largest shareholder has disposed of its entire stake in the business, leaving mogul Mike Ashley as the largest single influence on its board.
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NewsAgenda: Primark, JD Sports, Debenhams and Bonmarché
Retail Week looks ahead to the next seven days, with updates from Primark, JD Sports, Debenhams and Bonmarché on the agenda.
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NewsWill Carpetright’s CVA put it on a firmer footing?
Troubled Carpetright has today put forward a proposal to close nearly a quarter of its stores and renegotiate rents on a chunk of others through a CVA – a controversial restructuring tool.
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NewsToys R Us to close remaining UK stores this month
Toys R Us UK will pull down the shutters on its stores for the final time in less than a fortnight.
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NewsWHSmith profits slip despite solid travel showing
WHSmith’s interim profits edged down as gains from its travel arm were offset by its underperforming high street business.
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NewsQuiz full-year sales surge, driven by online
Womenswear retailer Quiz has posted a leap in sales and expects continued strong growth in the future.
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NewsDunelm sales climb despite 'challenging' quarter
Dunelm recorded robust online growth but lower store sales in its third quarter despite a “challenging consumer backdrop”.
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NewsMothercare sales dented by footfall slowdown
Mothercare has suffered a drop in sales during a “muted” fourth quarter as a slowdown in customer traffic to its high street stores impacted performance.
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NewsCarpetright to axe 90 stores under CVA plan
Carpetright plans to shutter more than 90 stores and slash rents at more than 100 other sites amid a “fundamental restructuring” of its property portfolio.
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Analysis: Tesco aims to 'unlock new growth' with Booker
For the first time in what feels like an eternity, a Tesco chief executive was able to present full-year results today without a cloud hanging over his head.
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NewsThe Works hires new CFO as it prepares for float
The Works has appointed Gavin Peck as its new chief financial officer as the value retailer reportedly gears up for a stock market float.
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NewsTesco's Lewis: We'll go after more Booker synergies
Tesco boss Dave Lewis insists the grocer is ready to “go after” more synergies following the completion of the Booker deal.
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NewsHammerson rejects revised offer from Klépierre
Retail property giant Hammerson has knocked back a revised offer from French counterpart Klépierre.
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NewsAsos profits climb as web visits pass the billion mark
Fashion etailer Asos’ profits leaped in the first half of the year as visits to its website in that period exceeded a billion for the first time.
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NewsTesco profits rise in ‘strong year of progress’
Tesco has posted a rise in annual sales and earnings as it prepares for further growth following its takeover of Booker.
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NewsFrench Connection sells stake in Toast to aid recovery
French Connection has sold its stake in Toast in a bid to free up resources to aid its ongoing turnaround efforts.
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NewsNisa sales up as Palmer & Harvey demise swells numbers
Nisa’s sales rose over its fourth quarter as the stores it supplies swelled by more than 1,000 thanks to the collapse of Palmer & Harvey.
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NewsCard Factory full-year profits hit by cost headwinds
Card Factory’s bottom line took a knock in its last full year as increased sourcing and wage costs ate into profits.