Latest finance news – Page 256
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NewsBeds firm Warren Evans collapses into administration
Beds specialist Warren Evans is the latest furniture retailer to have slumped into administration.
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NewsNew Look’s Alistair McGeorge: ‘Don’t doubt us’
New Look executive chairman Alistair McGeorge hit out at critics of the business, insisting that his turnaround strategy will work.
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NewsNew Look sales plunge in ‘challenging’ quarter
New Look has posted a nosedive in online and store sales, but boss Alastair George said new initiatives will “get the company back on track”.
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NewsBunnings owner Wesfarmers mulls UK exit
Wesfarmers has admitted it is reviewing the future of Bunnings in the UK after revealing a AUS$1bn write-down relating to its Homebase acquisition.
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NewsHouse of Fraser suppliers have credit insurance cut
House of Fraser suppliers have seen their credit cover cut following a downgrade in its credit by ratings agency Moody’s.
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NewsCarphone Warehouse founder in frame for Jigsaw deal
Carphone Warehouse co-founder David Ross is on the verge of investing in fashion retailer Jigsaw.
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NewsDune London full-year like-for-like sales step up
Shoe retailer Dune London said that, despite the challenging retail environment, it had a “good year” in the UK.
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NewsAgenda: Ocado and DFS to update the market
Retail Week looks ahead to the next seven days, with updates from Ocado and DFS on the agenda.
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NewsPensions Regulator bills ex-BHS owner Chappell £10m
The Pensions Regulator has billed former BHS owner Dominic Chappell £10m in an effort to recover money owed to the collapsed retailer’s pension scheme.
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NewsSainsbury's buys Nectar loyalty business for £60m
Sainsbury’s has snapped up its longstanding loyalty programme partner Nectar for £60m as it seeks to “know its customers better than anyone else”.
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NewsScS sales swell despite HoF concession dip
ScS has reported a lift in sales at the half-year mark as the retailer’s value-led proposition allowed it to “manage the continued economic uncertainty”.
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NewsJoules delivers profits jump as overseas sales soar
Joules has posted a spike in interim profits driven by sales rises across its UK and international markets despite “challenging” trading conditions.
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NewsConsumer confidence rallies in ‘bullish’ January
Consumer confidence rose in January across all metrics, although it is not clear whether this is “a temporary blip rather than a strong sign of recovery”.
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NewsSuperdry co-founder Dunkerton nets £18m in share sale
Superdry co-founder Julian Dunkerton has bagged an £18m windfall after offloading one million shares in the fashion business.
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NewsWaterstones owner in sale talks with Elliott Advisors
Waterstones owner Alexander Mamut is in talks to sell the business to Elliott Advisors, the hedge fund that floated Game Digital four years ago.
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NewsAnn Summers profits surge driven by store refurbishment
Ann Summers’ full-year profits more than doubled as boss Jacqueline Gold prepares to begin the “painful” process of weaning the retailer off discounting.
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NewsEast enters administration for third time in four years
Fashion retailer East has collapsed into administration for the third time in just four years.
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NewsLeading MPs call for business rates reform
The Treasury Select Committee has urged an urgent review of business rates after a hard Christmas for some retailers and amid fears that some will collapse.
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NewsBargain Booze owner posts ‘robust’ interim results
Conviviality, owner of the Bargain Booze chain and wholesaler Matthew Clark, has reported a rise in first-half sales and profits.
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NewsBHS liquidators pay out £36m to creditors
BHS creditors have received an interim dividend worth £36m from the retailer’s liquidators.