Latest finance news – Page 308
-
NewsVictoria Plum profits down amid trademark dispute
Victoria Plum has reported an operating loss of £9.1m before exceptionals as a trademark infringement knocked the etailer’s bottom line.
-
NewsDixons Carphone half-year profits jump 19%
Dixons Carphone has reported a 19% surge in half-year profits, but said it is planning for “more uncertain” times in the face of Brexit.
-
NewsBoohoo bags majority stake in Pretty Little Thing
Boohoo has acquired a majority stake in fellow fashion etailer Pretty Little Thing for £3.3m.
-
NewsCarpetright to refurbish full store portfolio by 2018
Carpetright boss Wilf Walsh has confirmed plans to overhaul the retailer’s full UK estate, consisting of 429 stores, by 2018.
-
NewsCarpetright like-for-like sales and profits drop
Carpetright recorded falling sales and profits as boss Wilf Walsh said uneven consumer demand and currency fluctuations made for a “challenging first half”.
-
NewsToday in retail: Boxing Day campaign gets a body blow
Despite the campaign garnering over 140,000 signatures, calls for shops to be forced to close on Boxing Day have been shunned by the Government.
-
NewsBlue Inc faces takeover by its biggest supplier
Struggling fashion retailer Blue Inc is set to be taken over by Padma Textiles – its biggest supplier – through a debt-for-equity arrangement.
-
NewsGrowth in UK economy won't last, business body warns
Growth in UK GDP will “dampen” in 2017, the British Chambers of Commerce has warned, despite the economy rallying following the Brexit vote.
-
NewsBHS administrators could force City advisers to pay £8m
Administrators investigating the collapse of BHS could force City firms that acted as advisers on its sale to cough up more than £8m.
-
NewsBreakfast briefing: Dr Martens, Agent Provocateur and more
Retail news round-up: Dr Martens plans 100 new outlets, Agent Provocateur reshuffles its board, MPs to hold debate on Boxing Day trading, and more
-
NewsToday in Retail: M&S bonus ball keeps on rolling
Steve Rowe’s pay incentive is not just any bonus, it’s an M&S turnaround bonus – and a pretty substantial one at that.
-
NewsAgenda: Dixons Carphone, Carpetright and sales data
Retail Week looks ahead to the next seven days with updates from Dixons Carphone and Carpetright, plus the latest retail sales data all on the agenda.
-
NewsOcado sales and orders up in ‘strong’ fourth quarter
Ocado has unveiled strong growth in sales and order volumes in its fourth quarter but said “industry wide price deflation” hit average order size.
-
NewsSports Direct profits plunge following failure to hedge
Sports Direct has reported sinking profits in a “tough” half year, as its failure to hedge in the aftermath of the referendum hits the business.
-
NewsJoules sales jump as international expansion continues
Joules sales have continued to rise, jumping an estimated 16.2% in a pre-close update for its first half.
-
NewsSports Direct corporate broker allegedly quit over share concerns
Sports Direct’s founder Mike Ashley is being sued by a former Merrill Lynch banker, who claims the bank quit as corporate broker over share deal concerns.
-
NewsTopps Tiles admits error over sales figure
Topps Tiles’ share price has slipped after the retailer admitted it miscalculated sales for the first eight weeks of its financial year.
-
NewsFortnum & Mason profits surge as provenance pays off
Fortnum & Mason has posted a jump in full-year profit as its iconic hampers and fast-growing online business drove sales.
-
NewsBHS court battle looms as pensions row continues
Hopes of plugging the BHS pension fund before Christmas are diminishing after advisers for Sir Philip Green clashed with pension regulators.
-
NewsCoast, Oasis and Warehouse reveal full-year growth
Coast, Oasis and Warehouse have reported full-year growth, days after it emerged that a possible sale was on the cards for the trio.