Latest finance news – Page 254
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NewsSteinhoff first-quarter sales slump as scandal deepens
Steinhoff has posted a fall in its UK and overall first-quarter sales as chairwoman Heather Sonn warned that its accounting scandal could stretch beyond the €6bn already flagged.
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NewsCarpetright issues third profit warning in three months
Carpetright has warned on profits for the third time in as many months as it kicks off talks with lenders to ensure compliance with its existing loans.
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NewsB&Q parent Kingfisher reveals gender pay gap
Kingfisher has published its gender pay gap across its UK fascias, revealing the lowest disparity of any major retailer to date across all measures.
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NewsNew Look consults bondholders to pave way for CVA
New Look has kick-started a consultation with its bondholders in the clearest indication yet that it will launch a company voluntary arrangement (CVA).
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NewsAmazon snaps up smart doorbell firm Ring in $1bn deal
Amazon has purchased smart doorbell company Ring for more than $1bn (£720m), in one of the etailer’s largest acquisitions to date.
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NewsTesco-Booker deal given green light by shareholders
Tesco’s £3.7bn takeover of wholesale titan Booker is all but complete after shareholders in both businesses voted in favour of the deal.
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NewsMaplin enters administration after rescue talks collapse
Maplin has plunged into administration just hours after last-ditch talks with potential buyer Edinburgh Woollen Mill failed.
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NewsWickes and Toolstation profits hit in 'challenging' year
Wickes and Toolstation owner Travis Perkins has suffered a fall in profitability within its retail division amid an “increasingly challenging” UK DIY market.
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NewsConsumer confidence drops amid council tax hike fears
Consumer confidence fell in February as fears about inflation-busting council tax hikes and stagnant household income bite.
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NewsMaplin and EWM race to secure rescue deal
Maplin’s negotations with potential buyer Edinburgh Woollen Mill have reached a standstill despite the imminent prospect of administration.
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NewsPavers snaps up rival Jones Bootmaker in pre-pack deal
Jones Bootmaker has been sold for the second time in less than a year to rival footwear chain Pavers.
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News20,000 stores to shut down in next two years
Falling demand and spiralling business rates could force almost 20,000 stores to close by the end of next year.
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NewsGreen sought to sell Arcadia, leaked email suggests
Sir Philip Green asked bankers to help him find a buyer for his Arcadia fashion empire, leaked emails have suggested.
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NewsPrimark half-year sales dented by 'warm weather'
Primark has warned it expects to post a fall in like-for-like sales during its first half after performance was hampered by “unseasonably warm weather in October”.
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NewsAgenda: Primark, Wickes and consumer confidence
Retail Week looks ahead to the next seven days, with updates from Primark and Wickes and the GfK Consumer Confidence Index on the agenda.
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NewsHotel Chocolat shrugs off market woes as profits climb
Hotel Chocolat hailed a “successful” Christmas as it posted healthy rises in profits and sales during its first half.
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NewsBunnings losses widen as UK business reviewed
Bunnings’ UK losses widened in its first half as its Australian owner Wesfarmers considers the future of its British operations.
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NewsBunnings opens Homebase clearance sites to shift stock
Bunnings owner Wesfarmers has converted a clutch of its Homebase stores into a new ‘Clearance Outlet’ format as it struggles to arrest falling UK sales.
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NewsFrank Field urges pension deficit deal probes
Frank Field MP has urged The Pensions Regulator to scrutinise any M&A deals involving pension deficits following the collapses of Carillion and BHS.
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NewsDunelm half-year profits fall, finance chief steps down
Dunelm’s profits took a tumble in its first half, despite climbing like-for-like and online sales.