Latest finance news – Page 262
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NewsOcado sales rise driven by upgraded distribution centre
Ocado has delivered a healthy uplift in sales in its fourth quarter bolstered by improved capabilities of its tech-driven Andover fulfilment centre.
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NewsSports Direct profits plunge exacerbated by UK sales dip
Sports Direct has posted a drop in interim profits despite what boss Mike Ashley describes as a “spectacular trading performance” across its flagship stores.
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NewsSports Direct investors block Ashley’s brother’s £11m
Sports Direct’s investors have blocked a proposed £11m payout to the brother of majority shareholder and founder Mike Ashley.
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NewsHouseholds squeezed as inflation hits six-year high
The squeeze on household income intensified in November, when inflation hit a six-year high.
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NewsDixons Carphone profits slashed despite sales rise
Dixons Carphone has reported plummeting profits despite sales inching up in its half-year.
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NewsMultiyork starts wind-down with first wave of job cuts
Multiyork administrators have begun a managed wind-down process, which entails making 112 redundancies at the retailer’s Thetford headquarters.
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NewsWestfield snapped up by Unibail-Rodamco for $25bn
French giant Unibail-Rodamco has agreed to buy Westfield for $24.7bn, marking the biggest takeover of an Australian company on record.
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NewsJoules sales jump as expansion continues apace
Joules has unveiled a near 20% sales jump in its first half as the retailer continues to expand across all its markets.
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NewsSnow on vital trading weekend dampens Christmas outlook
Christmas could be on ice after snow derailed trading on the third weekend before Christmas – a typically busy period for retailers.
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NewsCarpetright warns on profits as tough market bites
Carpetright has warned that full-year profits will come towards the bottom end of market expectations as tough trading conditions continued.
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NewsHouse of Fraser and New Look hit by credit downgrade
House of Fraser and New Look have had their credit ratings downgraded by investor agency Moody’s following erratic trading.
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NewsBrightHouse close to £220m restructuring deal
BrightHouse is poised to reveal a £220m financial restructuring through a debt-for-equity swap.
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NewsSteinhoff shares crash 75% after accounting probe
Steinhoff has had around three-quarters of its market value wiped out in just 48 hours after launching a probe into accounting irregularities.
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NewsSteinhoff boss Jooste resigns amid accounting scandal
Poundland owner Steinhoff’s chief executive Markus Jooste has stepped down with immediate effect as the group launches a probe into “accounting irregularities”.
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NewsMulberry sales buoyed by post-Brexit tourist boom
Mulberry’s UK sales edged up 1% to £45m in its first half after an increase in tourist spend in London balanced out slowing domestic demand.
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NewsEdinburgh Woollen Mill reveals rising profits and sales
Edinburgh Woollen Mill Group has revealed that profits and sales both grew in the year in which it acquired Austin Reed, Country Casuals and Viyella.
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NewsMcColl’s sales pass £1bn amid store acquisition plan
McColl’s has posted a spike in full-year revenues as its acquisition of almost 300 Co-op stores pushed top-line sales through the £1bn barrier.
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NewsFortnum & Mason profits jump spurred by heritage items
Fortnum & Mason has recorded a spike in full-year profits and its fifth consecutive year of double-digit sales growth.
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NewsAgenda: BRC-KPMG retail sales and Mulberry interims
Retail Week looks ahead to the next seven days, with an update from Mulberry and the BRC-KPMG retail sales monitor on the agenda.
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NewsFurniture Village warns on market as profits slump
Furniture Village’s bottom line was dented last year as it invested to defend itself against a ‘deteriorating economic backdrop’.