Latest finance news – Page 318
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NewsN Brown faces £8m costs after customer compensation error
N Brown faces costs of up to £8m after it wrongly calculated compensation after complaints from customers in its financial services division.
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NewsM&S staff that reject pay changes could lose jobs, says MP
MP Siobhain McDonagh claims that leaked documents from Mark & Spencer indicate the retailer could cut staff that reject a pay deal.
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NewsTourists boost post-Brexit London but business rates are cause for concern
Tourists have boosted West End tax-free sales by 44% in August, but retailers in the district are set to be dented by business rates.
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NewsZara owner Inditex profits and sales rise as store expansion rolls on
Spanish fashion retail giant Inditex has reported a rise in first-half profits and sales as it continues to grow its global store network.
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NewsBonmarché issues profit warning after 'extremely poor' September
Bonmarché has lowered its full-year profits forecast after an “extremely poor” September and ongoing uncertainty over market conditions.
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NewsMajestic warns on profits as Naked Wines US campaign falters
Majestic Wine has warned its full-year profits will fall below expectations as it blamed “isolated” factors on hampering its progress.
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NewsRiver Island profits and sales flat in 'challenging environment'
River Island has posted flat full-year profits and sales, but boss Ben Lewis labelled it a “good set of results in a challenging environment”.
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NewsThe Entertainer has seventh year of growth and pushes for personalisation
The Entertainer has posted a seventh consecutive year of sales growth in what founder Gary Grant described as a “momentous period”.
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NewsKingfisher's sales and profits rise as ONE Kingfisher plan progresses
B&Q and Screwfix owner Kingfisher has reported rising half-year sales and profits as its strategic initiative, ONE Kingfisher, takes effect.
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NewsThe Fragrance Shop grows full-year sales and profits
The Fragrance Shop has recorded a rise in its full-year profits and sales thanks to new fragrances from Hugo Boss, Marc Jacobs and Gucci.
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NewsUpdate: The Hut bulks up sports nutrition offer with Ideal Shape deal
The Hut Group has completed a deal to acquire US-based weight management and sports nutrition retailer Ideal Shape as it continues its rapid expansion.
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NewsBreakfast briefing: The Hut Group, business rates and footfall
Retail news round-up: The Hut Group’s takeover of US firm, August footfall up due to tourist influx, and John Lewis’s pension hole problem
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NewsMade.com sales rocket as the pureplay hits breakeven in the UK
Made.com’s full-year sales jumped 44% as the furniture etailer continued to grow its global footprint and reached breakeven in the UK.
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NewsM&Co celebrates best profit performance in five years and seeks more stores
Value fashion retailer M&Co has posted its best results in five years, and has made a good start to its new financial year.
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NewsPhase Eight profits and sales rise following Foschini acquisition
Phase Eight’s sales and profits have risen following its acquisition by South African retail group Foschini in January 2015.
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NewsSteinhoff seals £610m capture of Poundland after court approval
South African retail giant Steinhoff has completed its £610m capture of value retailer Poundland, two months after a deal was first agreed.
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NewsAgenda: B&Q owner Kingfisher and French Connection unveil half-year results
Retail Week looks ahead to the next seven days with half-year results from B&Q owner Kingfisher and French Connection on the agenda.
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NewsMorrisons boss Potts: We ‘fired on all cylinders’ during first half
Morrisons boss David Potts has hailed the grocer’s first half performance and said it “fired on all cylinders” around key events.
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NewsThe Works profits surge as it aims to double number of stores
Discount retailer The Works has posted a 37% jump in full-year profits and is aiming to double the size of its store estate.
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NewsMorrisons half-year profits jump as turnaround efforts bear fruit
Morrisons has registered an 11% jump in half-year pre-tax profit as boss Dave Potts’s turnaround efforts continue to gain momentum.