Latest finance news – Page 325
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NewsSir Philip Green: I did not block sale of BHS to Sports Direct’s Mike Ashley
Sir Philip Green has written to MPs saying that he did not attempt to block the sale of BHS to Sports Direct’s owner, Mike Ashley.
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NewsSteinhoff faces pressure to up offer for Poundland as investor grows stake
Steinhoff could be forced to increase its offer for Poundland after rival shareholder Elliott Advisors upped its stake to 13.2%.
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NewsAgenda: Conviviality full-years plus footfall and retail sales figures
Retail Week looks ahead to the next seven days with full-year figures from Conviviality, plus the latest footfall and retail sales data all on the agenda.
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NewsSuperGroup boss Sutherland confident of plenty of growth to come
SuperGroup boss Euan Sutherland said today that the fashion retailer should double its sales in the next three years, after strong results.
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NewsHalfords boss hopes for 'staycation' boost to counter Brexit disruption
Halfords boss has shrugged off the threat of a post-Brexit downturn by saying it could benefit from people choosing to ‘staycation’ this summer.
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NewsB&M like-for-likes flat but full-year profits remain on track
Value retailer B&M posted flat like-for-likes in its first quarter but new store openings have boosted its total sales.
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NewsMothercare blames 'unseasonable' weather as UK sales fall
Mothercare has blamed “unseasonable” weather on a fall in first-quarter UK sales, but like-for-likes rose as its turnaround effort continues.
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NewsSuperGroup sales and profits jump as its eyes China and North America growth
SuperGroup boss Euan Sutherland has hailed “significant progress” in his first full year in charge as the retailer recorded a jump in profits.
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NewsHalfords like-for-likes slip as bad weather hits cycling sales
Halfords has posted a 0.6% drop in first-quarter group like-for-likes as it blamed bad weather for a slide in sales in its cycling division.
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NewsMcColl's strikes deal to acquire 298 Co-op convenience stores
McColl’s has agreed a deal to acquire 298 convenience stores from the Co-operative Group for £117m in cash, it revealed today.
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NewsPoundland chairman talks up growth opportunities under new owner Steinhoff
Poundland’s chairman has said he believes its staff should be “pleased” with Steinhoff’s takeover as it offers growth opportunities.
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NewsNotonthehighstreet hires new finance boss to bolster executive team
Notonthehighstreet has snapped up drinks supplier Matthew Clark’s former finance boss David Philips to head up its financial operations.
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NewsFashion retailer Hobbs appoints new finance chief
Hobbs has appointed new chief financial officer Mehul Tank to replace its newly promoted omnichannel trading director Simon Luscombe.
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NewsBurberry first-quarter like-for-likes fall but digital offer grows
Burberry has reported a fall in first-quarter like-for-likes as it suffered declines in all markets, but hailed growth of its digital business.
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NewsPoundland board recommends Steinhoff offer as £597m takeover nears
Poundland and Steinhoff have agreed terms on a recommended cash offer for the value retailer as a £597m takeover nears completion.
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NewsDobbies’ new owners appoint John Cleland as chief executive
Dobbies has appointed former Somerfield and Maplin boss John Cleland as chief executive with immediate effect following its recent sale.
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NewsAsos sales soar spurred by international growth and jump in customer numbers
Asos continued the strong run of sales in its third quarter driven by rising sales in the UK and abroad as well as soaring shopper numbers.
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NewsHotel Chocolat sales climb as stock market debut gets off to “a good start”
Hotel Chocolat has unveiled a full-year sales increase “slightly ahead of market expectations”, driven by rising online sales.
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NewsArcadia chairman rejects claim lack of governance led to BHS collapse
Lord Grabiner, the chairman of Arcadia, has rejected the idea a lack of corporate governance at Sir Philip Green’s retail empire led to the collapse of BHS.
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NewsAustin Reed’s unsecured lenders to recover just 2% of investment
Collapsed heritage retailer Austin Reed’s unsecured lenders will receive just 2p for every £1 loaned, documents at Companies House show.