Latest finance news – Page 285
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NewsUK retail sales fall as consumers still feel squeezed
UK retail like-for-like sales fell by 0.4% in May as consumers feel the strain from rising inflation.
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NewsToday in retail: Ocado and Iceland reap online rewards
It’s been years in the making – and today Ocado could finally bask in the limelight of its first international deal.
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NewsTesco PwC probe closed by accounting watchdog
The UK’s accounting watchdog has closed its investigation into Tesco’s accounts, which was launched in the wake of the grocer’s profits scandal.
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NewsIceland profits climb as strategic initiatives bear fruit
Iceland has posted a rise in full-year sales and profits as its business improvement programme delivered results.
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NewsTesco investor warns grocer over Booker deal
The boss of Tesco investor Artisan Partners has claimed he has not spoken to a single investor who backs the grocer’s proposed tie-up with wholesaler Booker.
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NewsJacques Vert owner sold to Tillman-backed consortium
Jacques Vert-owner Style Group Brands, has been rescued by a new owner – a subsidiary of Calvetron Style Holdings Limited.
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NewsProfits slide 16% at Topshop owner Arcadia
Profits at retail tycoon Sir Philip Green’s Arcadia business have fallen as the Topshop to Dorothy Perkins group confronted harsh trading conditions.
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NewsBreakfast briefing: Tesco, Sainsbury’s and more
Retail news round-up: Tesco investors against the Booker merger; Fairtrade boss accuses Sainsbury’s of replacing it; and Leesa to launch new model in the UK.
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NewsShop Direct private equity interest stalls
Some leading private-equity houses have decided against bidding for home shopping giant Shop Direct.
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NewsSchuh reveals rising profits to beat footwear market
Schuh has revealed rising profits and sales in its full-year results, as it continues to press ahead with store expansion.
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NewsFrench Connection investors issue Marks ultimatum
The bitter French Connection row has escalated further after one of the company’s biggest shareholders issued an ultimatum to its founder Stephen Marks.
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NewsAsda slashes small supplier payment terms to 14 days
Asda is reducing its payment terms for small suppliers to 14 days as it beefs up efforts to work “more effectively” with its supply base.
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NewsBreakfast briefing: Nisa retail, French Connection and more
Retail news round-up: Nisa retail in £120m refinancing deal; French Connection's boss in trouble; and Koovs appoints new design head.
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NewsStore Twenty One given more time as it sells head office
Store Twenty One has won a stay of execution after a court allowed it two more weeks to raise the money needed to avoid administration.
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NewsJacques Vert owner set for rescue by investor group
A group of retail investors is in talks to rescue Jacques Vert owner Style Group Brands through a pre-pack administration.
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NewsShop prices fall but grocery inflation gathers pace
A slight increase in food prices has fuelled the shallowest rate of overall shop price inflation in over three years.
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NewsConsumer confidence picks up in May despite inflation
Consumer sentiment enjoyed an unexpected uplift last month, despite inflation rising to its highest level for four years.
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NewsToday in retail: Tesco and Booker begin watchdog slog
If the competition watchdog’s recent record is anything to go by, Tesco and Booker should brace themselves for a long slog.
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NewsChinese healthcare firm in last-minute Body Shop bid
A Chinese healthcare company is considering making a late bid for the Body Shop, which has been put up for sale by its French owner L’Oréal.
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NewsBreakfast briefing: Edinburgh Woollen Mill and more
Retail news round-up: Edinburgh Woollen Mill owner opens new department store; Renhe Pharmacy plans to bid for Body Shop; and Jack Wills launches in Germany.