Latest finance news – Page 312
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NewsM&S’s Rowe vows to keep prices down despite sterling fall
Marks & Spencer chief executive Steve Rowe has pledged to keep prices down for customers despite sterling’s plunge.
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NewsNew Look narrows pre-tax losses but sales tumble
New Look has narrowed its pre-tax losses but suffered a sales slump amid an “extremely challenging” first half.
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NewsPrimark profits rise but weather dents UK like-for-likes
Primark has posted a rise in full-year profits but blamed “unseasonable weather” and “cautious” consumers for a fall in like-for-like sales.
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NewsBooths slumps to pre-tax loss as storms dampen sales
Booths has slumped to a pre-tax loss after food price deflation and Storm Desmond dampened its full-year performance.
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NewsFurniture retailer Betta Living falls into administration
Kitchen, bedroom and wardrobe retailer Betta Living has slumped into administration, putting hundreds of jobs at risk.
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NewsToday in retail: Sainsbury's 'brain gain' gathers pace
It’s been a year of acquisitions for Sainsbury’s, most notably the additions of Argos and Habitat to its growing business.
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NewsPaperchase to launch stores in US next year
Paperchase is poised to open its first standalone stores in the US next year after growing UK sales by 11% to £114m in its last full-year.
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NewsFurniture Village grows profits and store footprint
Furniture Village said its expansion plans were “firmly on course” as it posted a 13% uplift in full-year EBITDA, excluding exceptionals, to £9.6m.
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NewsToday in retail: Christmas ad TV battle blasts off
The starting gun has well and truly been fired on the battle for the most popular Christmas ad.
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NewsDFS private equity backer Advent halves stake
Private equity group Advent International has sold half its stake in furniture retailer DFS for £61.7m, cutting its holding to 12.1%.
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NewsBHS: Green could agree pension deal by Christmas
Sir Philip Green could strike a deal with the Pensions Regulator by Christmas over the BHS deficit, according to reports.
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NewsAgenda: M&S, Sainsbury's, Halfords and SuperGroup
Retail Week looks ahead to the next seven days with financial updates from Marks & Spencer, Sainsbury’s, Burberry, Halfords and SuperGroup all on the agenda.
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NewsPhilip Green’s pensions offer ‘£100m less than needed’
Sir Philip Green is reportedly offering £100m less than is necessary to fill the BHS pensions black hole.
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NewsToday in retail: Good shopkeeping lifts Morrisons’ sales
Morrisons impressed today when it reported like-for-like growth of 1.6% in the third quarter – quite an achievement in the hard-fought food market.
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NewsMorrisons Potts: We will 'work very hard' to keep prices low
Morrisons boss David Potts has insisted the grocer will “work very hard” to reduce prices despite the slump in the value of the pound.
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NewsMorrisons like-for-likes lift in third quarter
Morrisons boss David Potts said “there is a lot more we plan to do” despite the grocer’s like-for-likes rising 1.6% in its third quarter.
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NewsAnalysis: What did we learn from Next's results?
Lord Wolfson’s warning earlier this year, that 2016 would be the toughest since the financial crisis began in 2008, was prophetic.
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NewsHarrods profits spike despite 'tough' conditions
Harrods has posted a jump in full year profits and sales despite “tough trading conditions” on British high streets.
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NewsDeflation continues as BRC warns of 'inevitable' inflation
Deflation continued apace in October, with shop prices falling 1.7%, as the BRC warned that imported inflation was “inevitable” next year.
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NewsNext’s sales drop again in 'difficult' third quarter
Next suffered during its third quarter before full-price sales were boosted by October’s cold weather.