Latest finance news – Page 297
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NewsBreakfast briefing: Lego, Blue Inc and more
Retail news round-up: Lego reports boost in revenue, Blue Inc plans shop closures, and sales on UK high street decreases.
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NewsRetail Week Live: Divido scoops Launch Pad prize
Divido has been crowned the winner of Retail Week Live’s Launch Pad Pitch Perfect competition following an audience vote.
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NewsJohn Lewis Partnership cuts bonus despite jump in profits
The John Lewis Partnership has slashed its staff bonus despite posting a surge in full-year pre-tax profits.
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NewsMorrisons profits jump as turnaround builds momentum
Morrisons has registered its first full year of profit and like-for-like sales growth since 2012 as the grocer’s turnaround plan gains momentum.
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NewsTesco's Hoggett insists Booker deal not a distraction
Tesco’s UK chief operating officer Tony Hoggett has insisted its acquisition of wholesaler Booker will not serve as a distraction from its core grocery business.
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NewsArgos 'weren’t fully ready' for Fast Track, says Bodson
Sainsbury’s Argos chief digital and marketing officer Bertrand Bodson said the retailer made “a tough decision” when it launched Fast Track in 2015.
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Budget: Business rates could be reformed
Chancellor Philip Hammond has hinted that the Government will look to overhaul the business rates process, as he outlined several measures to help small businesses during today’s Budget.
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NewsSainsbury's boss Coupe slams 'not fair' business rates
Sainsbury’s boss Mike Coupe has urged the Government to overhaul its “archaic” business rates system ahead of this afternoon’s Budget.
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NewsBreakfast briefing: Sports Direct, Tesco and more
Retail news round-up: Sports Direct in financial loss, Tesco Ireland halts Aldi's expansion, Style Group Brands may be put up for sale, and high street reports drop in footfall
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NewsShoe Zone resoles board with new finance chief
Shoe Zone has appointed finance director Jonathan Fearn to its board as chief financial officer.
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NewsBudgens to lose 30 stores in franchisee administration
More than 30 Budgens stores are set to close with the loss of 815 jobs after the franchisee running the shops plunged into administration.
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NewsSecret Sales reveals redundancies weeks after sale
Secret Sales has confirmed that it is making “a number” of back-office staff redundant, just weeks after it was sold to a private-equity firm.
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NewsFat Face sales rise but weak pound hurts profits
Fat Face has renegotiated its debt terms to offer the business more “material headroom” after the weak pound dented the retailer’s full-year profits.
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NewsBreakfast briefing: Arcadia, Sainsbury's and more
Retail news round-up: Philip Green doubles Arcadia's pension contribution, Sainsbury's to axe staff numbers and Morrisons to report increase in pre-tax profits
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NewsDreams' profits and sales soar in 'pivotal' year
Dreams’ profits and sales soared in 2016 – the third and final year of its turnaround plan – Retail Week can reveal.
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NewsGear4music sales soar, driven by European expansion
Gear4music full-year sales hit a high note as the specialist online retailer aggressively expanded its distribution network.
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NewsAgent Provocateur founder slams Mike Ashley sale
Agent Provocateur’s co-founder Joe Corré has condemned Sports Direct founder Mike Ashley’s pre-pack acquisition of the struggling lingerie retailer.
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NewsToday in retail: Mike Ashley – retail’s agent provocateur
Sport Direct founder Mike Ashley is renowned for his provocative behaviour – but the retail mogul caught the sector’s attention today for a different reason.
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NewsTravis Perkins warns on housing market slowdown
Travis Perkins profits plunged 60% in 2016 as it warns that an impending housing slowdown could hit big ticket purchases.
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NewsMike Ashley completes swoop for Agent Provocateur
Sports Direct founder Mike Ashley has completed his acquisition of Agent Provocateur, Retail Week understands.