Latest finance news – Page 293
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NewsBrighthouse reform plan closes in on FCA approval
Brighthouse said that the Financial Conduct Authority is minded to authorise the retailer’s business provided it refinances its debt and maintains its business reform plan.
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NewsBoots retail sales edge up as pharmacy division falters
Walgreens Boots Alliance posted a drop in its second-quarter sales as a poor international performance and currency fluctuations offset rising domestic sales.
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NewsSouth Korean business giant CJ Group eyes Body Shop bid
The South Korean business conglomerate CJ Group are considering a bid for struggling beauty retailer The Body Shop.
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NewsFindel new chief exec appointed amid profit warning
Findel has issued a profit warning and appointed new chief executive Phil Maudsley, formerly of the group’s Express Gifts division.
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NewsMothercare reveals final quarter like-for-like growth
Mothercare has reported a rise in UK like-for-likes in its fourth quarter against improving conditions in its challenging international territories.
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NewsCo-op swings to loss but food like-for-likes rise
The Co-op registered a statutory pre-tax loss but a rise in like-for-likes sales in its convenience business in what chairman Allan Leighton termed an “exceptional year.”
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NewsBreakfast briefing: Boots, The Body Shop and more
Retail news round-up: Boots reports drop in sales, CJ group interested in The Body Shop and Argos to launch own-brand products
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NewsToday in retail: Tesco, Booker, Argos and Smiggle
When was the last time you went shopping in the middle of the night?
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NewsTesco-Booker: 70% of investors 'in favour' of deal
Tesco is on track to win the backing of shareholders over its proposed takeover of Booker, a survey of investors has suggested.
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NewsNisa boss: Tesco Booker deal will cause ‘enormous pain’
Nisa boss Nick Read has argued that Tesco’s proposed takeover of wholesaler Booker will cause an “enormous amount of pain” as well as some opportunities.
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NewsFood prices rise steeply as retailers' costs stack up
Food inflation accelerated to 1% in March, marking the sharpest rise in food prices since February 2014, as supermarkets face climbing commodity costs.
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NewsManoMano takes aim at UK DIY market in debut year
A year after launching in the UK, European DIY and gardening etailer ManoMano has unveiled its maiden results.
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NewsBreakfast briefing: Tesco, Ann Summers and more
Retail news round-up: Tesco-Booker deal may be threat and opportunity for Nisa, Ann Summers in Ireland reports loss and Carphone Warehouse in Ireland records pre-tax losses
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NewsKoovs sales climb as repeat customer numbers double
Koovs posted soaring full-year sales as the Indian fashion etailer’s number of units shipped and return customers both doubled.
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NewsTopps Tiles sales slump in “tougher” market
Topps Tiles posted a drop in overall and like-for-like sales against strong comparatives and in “softer market conditions.”
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NewsAsos profits jump as etailer raises full-year sales forecast
Asos reported soaring profits and sales at the half-year mark in what chief executive Nick Beighton heralded as “a strong set of results”.
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NewsToday in retail: No Express checkout for Tesco-Booker
Tesco’s proposed £3.7bn Booker takeover has come under more pressure with experts suggesting the grocer may have to ditch hundreds of its Express convenience stores.
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NewsJaeger poised to tumble into administration
Jaeger is poised to fall into administration this week, leaving the future of 25 stores and almost 700 jobs hanging in the balance.
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NewsTesco faces pressure to close c-stores under Booker deal
Tesco could be forced to shutter hundreds of convenience stores amid concerns from rivals and shareholder groups over its £3.7bn Booker deal.
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NewsArcadia pension deficit balloons to almost £1bn
The black hole in Arcadia’s pension scheme has ballooned to almost £1bn, documents published by MPs have revealed.