Latest finance news – Page 280
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NewsOcado profits fall after investment in distribution centre
Ocado has posted a decline in first-half profits after investing in a new fulfilment centre.
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NewsBreakfast briefing: UK shop prices and Rapha
Retail news round-up: UK shop prices decline and TPG and Advent show interest in Rapha.
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NewsSainsbury's numbers look tasty, but is Nisa a no go?
Argos was the jewel in Sainsbury’s crown during the Christmas period, raising questions as to the health of its core food division.
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NewsSainsbury’s keeps lid on key food prices amid inflation
Prices of many staple items at Sainsbury’s remain cheaper than they were three years ago, despite greater food price inflation.
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News
Tesco to compensate shareholders for accounting scandal
Tesco has unveiled plans to offer financial compensation for its 2014 accounting scandal to around 10,000 of its shareholders.
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NewsSuperdrug profits and sales soar in “strong year”
Superdrug reported a leap in preliminary pre-tax profits and like-for-like sales as the retailer’s store expansion and cosmetics offer bolstered growth.
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NewsBreakfast briefing: Tesco, Travis Perkins and more
Retail news round-up: Tesco to compensate shareholders; Travis Perkins launches tech investment programme; and surge in Irish grocery market.
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NewsUpdated: SuperGroup full-year profits and sales soar
Superdry parent company SuperGroup released its full-year results early after a preliminary draft of the figures was stolen from an employee.
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NewsHobbs approached by Phase Eight owner Foschini
Foschini, the South African group that owns Phase Eight and Whistles, has thrown its hat into the ring to buy womenswear brand Hobbs, The Sunday Times reported.
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NewsNisa axes staff bonuses and Sainsbury’s talks advance
Nisa, which is in the process of negotiating a possible £130m takeover by Sainsbury’s, has reportedly denied 280 head office staff their annual bonus, despite hitting targets.
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NewsBreakfast briefing: Mothercare, Sports Direct and more
Retail news round-up: Mothercare records surge in profits and sales; Sports Direct's Mike Ashley in legal battle; and Jigsaw gives £493,000 to workers.
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NewsToday in retail: Is it nearly Game over?
Ailing computer gaming specialist Game today delivered the second profit warning of the month in the retail sector.
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NewsNisa full-year profits rise despite sales dip
Nisa posted a rise in profits but adjustments in the retailer’s store portfolio dampened sales.
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NewsGame issues profit warning as UK sales falter
Game said its full-year profits will be “substantially below previous expectations” as sluggish UK demand drags down overall sales.
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NewsConsumer confidence slumps post-UK election
Consumer confidence fell across all measures in June as the result of the General Election dampened shoppers’ inclination to make big-ticket purchases.
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NewsAgenda: Sainsbury’s, Ocado, Booker and Supergroup update
Retail Week looks ahead to the next seven days, with updates from Sainsbury’s, Ocado, Booker, Supergroup and Dunelm on the agenda.
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NewsBreakfast briefing: SuperGroup, Apple and more
Retail news round-up: SuperGroup reports boost in profits; Apple records drop in profit amid rise in revenues; and H&M's sales and profits increase.
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NewsWalgreens Boots sales up as Rite Aid merger scrapped
Walgreens Boots Alliance’s domestic sales edged up in its third-quarter but the pharmacy giant was hit by currency fluctuations and scaled back its proposed takeover of Rite Aid.
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NewsToday in retail: Bunnings gives B&Q a headache
Heads could well be pounding at Kingfisher HQ this afternoon after Bunnings revealed it was ramping up its assault on the UK DIY market.
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NewsJD Sports posts sales rise but flags margin pressure
JD Sports has reported that like-for-like growth at its stores are “in line with our expectations”.