Latest finance news – Page 266
-
NewsTesco's Lewis kept in dark over inflated profits, court told
Tesco boss Dave Lewis was kept in the dark about inaccuracies in the grocer’s 2014/15 half-year accounts, a court heard today.
-
NewsOasis and Coast unveil profit lift as Warehouse falters
Oasis was the fashion group’s star performer in the year to February 28, 2017, registering a jump in profit and sales.
-
NewsBank of England hikes interest rates to 0.5%
The Bank of England has increased interest rates for the first time in more than a decade.
-
NewsOpinion: Morrisons excels in playing to its strengths
Morrisons posted an eighth consecutive quarter of sales growth today as it built further trading momentum. Bryan Roberts assesses the grocer’s progress.
-
NewsMorrisons' Potts shrugs off potential interest rate hike
Morrisons boss David Potts has downplayed the impact a potential rise in interest rates could have on its progress.
-
NewsNotonthehighstreet losses widen in 'year of investment'
Notonthehighstreet.com has reported swelling full-year losses as investments in its technological capabilities offset rising sales.
-
NewsFatFace profits dip despite sales rise
FatFace’s profits dipped last year despite rising sales as the company ploughed investment into expansion and logistics.
-
NewsMorrisons sales rise as price campaigns gain traction
Morrisons has posted a jump in third-quarter sales as it hailed progress in becoming “more competitive” on price.
-
NewsNext full-price sales edge up in third quarter
Next’s full-price sales advanced 1.3% in the 12 weeks to October 29, driven once again by growth at its healthy Directory business.
-
NewsReiss profits drop amid global openings
Reiss’ profits dropped last year despite rising sales as the retailer ploughed investment into global openings.
-
NewsBrightHouse bondholders close in on takeover deal
A consortium of BrightHouse’s bondholders is reportedly working towards a debt-for-equity deal for the struggling business.
-
NewsConsumer confidence slips amid fears over UK economy
Consumer confidence declined further in October as concern over the UK economy took its toll on shoppers’ outlook.
-
NewsDebenhams shares may prove costly for Sports Direct
Sports Direct acquired shares in department store group Debenhams last week and might have paid more than they are worth.
-
NewsPlanet Organic hires advisers to consider sale
Planet Organic’s owners are considering a sale of the healthy eating specialist.
-
NewsWaterstones’ owner Mamut considers £250m sale
Waterstones may be sold by its Russian owner, who has drafted in advisers to explore options.
-
NewsToday in retail: Frenetic Friday for Wilko and Jigsaw
Retailers are living in turbulent times – and a frenetic Friday has only added to the sense of struggle.
-
NewsJigsaw owner puts fashion chain up for sale
Jigsaw is on the hunt for a new owner as the high street chain grapples with an increasingly turbulent fashion market.
-
NewsAmazon profits fall despite third-quarter sales surge
Amazon profits fell in its third quarter but shares in the business soared as it beat market expectations.
-
NewsWilko sheds 1,000 staff following consultation
More than 1,000 people are to exit variety store group Wilko following a redundancy consultation involving 3,712 staff, Retail Week can reveal.
-
NewsFootasylum set for £170m valuation on AIM
Footasylum expects its market capitalisation to be £171.3m when it launches its IPO on AIM next week at the price of £1.64 per share.