Latest finance news – Page 269
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NewsBrightHouse circled by consortium of US hedge funds
BrightHouse is being circled by a consortium of bondholders as pressure mounts on the rent-to-own retailer to strike a refinancing deal.
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NewsOasis, Coast, Warehouse sale abandoned by Kaupthing
Icelandic bank Kaupthing has abandoned plans to sell Oasis, Coast and Warehouse after insisting the market “does not currently recognise the value” of the businesses.
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NewsNisa names Misra interim boss as first-half sales jump
Nisa named non-executive director Arnu Misra as interim chief executive as it unveiled an uplift in sales during its first half.
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NewsAgenda: Ted Baker, WHSmith, Quiz, Booker and N Brown update
Retail Week looks ahead to the next seven days, with financial updates from Ted Baker, WHSmith, Quiz, Booker and N Brown all on the agenda.
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NewsWholesalers call on CMA to block Tesco-Booker merger
The bosses of the UK’s seven biggest wholesale businesses have called on the Competition and Markets Authority (CMA) to block the deal.
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NewsToday in retail: DFS profits dive as big ticket divides
DFS unveiled an understuffed set of results today, demonstrating growing disparity in the big ticket market.
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NewsDFS profits plunge in ‘very challenging’ furniture market
Sofa stalwart DFS said full-year profits were hit by consumer uncertainty and sterling’s slump in the wake of the Brexit vote.
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NewsThe Hut grows beauty empire with Illamasqua acquisition
The acquisitive Hut Group has added cult cosmetics brand Illamasqua to its fast-growing beauty empire.
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NewsToday in retail: Tesco's triumphant turnaround
Three years since Dave Lewis took the reins at grocery Goliath Tesco, the transformation under his leadership has been nothing short of remarkable.
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NewsMade.com generates maiden UK profits as sales rise
Online furniture retailer Made.com became profitable in the UK last year as its sales “fast approach” the £100m mark.
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NewsClive Black: Tesco is back on its grocery throne
Tesco’s recuperation from the depths of corporate despair has been a time-consuming one.
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NewsTesco's Lewis: We're narrowing price gap to discounters
Tesco boss Dave Lewis insists Britain’s biggest retailer has narrowed the price gap to discount duo Aldi and Lidl, despite the inflationary grocery market.
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NewsTopps Tiles says ‘tougher’ market will hit profits
Topps Tiles full-year profits are expected to come in at the lower end of expectations amid “tougher” market conditions.
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NewsTesco profits rocket as turnaround gathers pace
Tesco has posted surging half-year profits as the retailer clocked up seven consecutive quarters of sales growth in its core UK business.
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NewsShop prices herald imminent return of inflation
Shop prices are “teetering” on the edge of inflation, with deflation at its shallowest in four years.
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NewsScS sidesteps big-ticket slowdown with value credentials
Sofa and carpet specialist ScS issued some reassurance to those operating in the big-ticket sector today.
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NewsScS profits and sales up as it reaches 100th store
Sofa specialist ScS’ profits and sales rose in its full year as it reached the milestone of opening its 100th store.
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NewsShop Direct profit rise boosted by mobile and athleisure
Shop Direct recorded its fifth consecutive year of rising profits and sales as purchases made on smartphones comprised over half of the retailer’s overall sales.
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NewsAngling Direct reels in rival fishing retailer Fosters
Angling Direct has snapped up rival Fosters Fishing as it presses ahead with its ambitious expansion plans.
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NewsBody Shop poaches Charles Tyrwhitt boss for CEO role
The Body Shop has snapped up Charles Tyrwhitt’s chief executive David Boynton to take the helm of its global business.