Latest finance news – Page 276
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NewsToday in retail: Asda slides while B&M swoops
In another day dominated by the value grocery market, Asda has revealed a dismal performance over its past year and B&M has swooped in on Heron Foods.
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NewsB&M snaps up retailer Heron Foods in £152m deal
Value giant B&M has bought retailer Heron Foods in a push into convenience retail.
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NewsAsda suffers full-year profits and sales slump
Asda’s full-year performance fell “behind expectations” as the struggling grocer’s profits and like-for-like sales declined.
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NewsWickes owner Travis Perkins profits dip as headwinds hit
Travis Perkins’ profits slipped in its first half, during which the group was impacted by weakening housing transactions and consumer confidence, as well as cost inflation.
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NewsApple sales boosted by its burgeoning services arm
Technology giant Apple said its services division, including Apple Pay, the App Store and Apple Music, helped drive sales in its third quarter.
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NewsRising shop price trend grinds to a halt
Lower food price inflation in July has brought the march of overall shop prices towards inflationary territory to a halt, the British Retail Consortium (BRC) has said.
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NewsFood prices 'to rise 3% per year until 2022'
Grocery prices in the UK are poised to jump 3% every year until 2022, new research suggests.
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NewsMorrisons pens ‘ground-breaking’ McColl’s supply deal
Morrisons has penned a lucrative wholesale deal to supply McColl’s convenience stores and newsagents across the UK.
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NewsBooths to undergo review after struggling with loans
Booths will undergo a financial review after nearly breaching its loan terms, which may result in its owners making a one-off payment to retain independence.
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NewsToday in retail: Do Amazon’s profits really matter?
Amazon’s volatile profits have become a fact of retail life – and this quarter was no exception, with profits crashing.
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NewsConsumer spending power down across Britain
Discretionary spending power has shrunk across three-quarters of the UK, according to the Asda Income Tracker.
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NewsAmazon’s profits plunge as sales continue to rise
Amazon’s profits fell sharply in its second quarter, as the etail giant continued to sacrifice its bottom line in favour of rapid expansion.
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NewsMatchesfashion.com owners explore sale options
Matchesfashion.com’s owners are reportedly exploring potential sale options, hunting for advisers to manage the process.
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NewsAgenda: Next and Wickes owner Travis Perkins update
Retail Week looks ahead to the next seven days, with financial updates from Next and Wickes owner Travis Perkins both on the agenda.
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NewsConsumer confidence sinks back to post-Brexit low
Consumer confidence has sunk to the low level last reached in the immediate aftermath of the Brexit vote last July.
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NewsSports Direct ups French Connection stake to 27%
Sports Direct has increased its stake in French Connection to 27% after snapping up shares from two of the fashion chain’s activist investors.
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NewsBonmarché sales advance as turnaround bears fruit
Bonmarché unveiled an increase in both online and store sales in its first quarter as the fashion retailer’s new strategy began to pay off.
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NewsToday in retail: American Eagle flies away home
Merely three years after hatching its UK business, American Eagle is spreading its wings and flying away home.
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NewsDunelm to open up to 50 Kiddicare shop-in-shops
Dunelm is planning to install large Kiddicare shop-in-shops in as many as 50 of its stores, Retail Week can reveal.
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NewsWilko full-year profits plunge as Brexit bites
Wilko has posted plummeting profits as both the pound’s fall and the “unilateral imposition” of the national living wage battered the business.