Latest finance news – Page 326
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NewsBritain’s top retail groups call for urgent cut in business rates
Britain’s leading retail industry groups have written to chancellor George Osborne, lobbying for a reduction in business rates.
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NewsBreakfast briefing: Retail news on Austin Reed, Amazon and more
Retail round-up: Austin Reed creditors to suffer big losses, Britain’s top retail groups demand rate cut, Amazon tests delivery drones
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NewsAnalysis: How will Dobbies fare in the blossoming garden centre market?
How attractive is the garden centre market and how do the new owners of Dobbies plan to cultivate the former Tesco-owned business?
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NewsJohn Lewis boss warns post-Brexit sterling fall is "big issue"
John Lewis managing director Andy Street has said that the depreciation of the pound following Brexit could be a “big issue” for the retailer.
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NewsDebenhams' London flagship lease sold by British Land to private investor
British Land has sold Debenham’s Oxford Street store lease as part of a ‘strategic focus’, to a private investor following Brexit.
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NewsRetail Acquisitions planned to write off BHS debt in Sports Direct rescue deal
Retail Acquisitions planned to waive debt to BHS and keep a stake in the retailer as part of a proposed rescue deal with Sports Direct.
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NewsAgenda: SuperGroup full-years plus Asos, Halfords and Mothercare updates
Retail Week looks to next week with full-year results from SuperGroup, plus trading updates from Asos, Burberry, Halfords, Mothercare all on the agenda.
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NewsConsumer confidence plummets at sharpest rate in 21 years after Brexit
Consumer confidence has nosedived in the wake of the EU referendum result as shopper sentiment fell at its fastest rate since 1994.
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NewsM&S forced to re-publish quarterly results following 'clerical error'
Marks & Spencer has been forced to re-publish its first quarter results after incorrectly claiming that group sales had increased.
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NewsOpinion: Fight Brexit uncertainty by getting on with business as usual
Someone said to me the other day that anyone claiming to be able to predict the path of British politics is either a liar or a fool.
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NewsDunelm boss: Brexit presents an opportunity for the business
Dunelm boss John Browett has shrugged off the post-Brexit gloom and said the retailer is benefiting from shoppers on the hunt for value.
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NewsSports Direct boss Forsey monitoring fate of EU workers post-Brexit
Sports Direct has admitted it is keeping a close eye on how Brexit could affect EU workers, but said other retailers would also be hit.
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NewsDunelm reports 'retail slow-down' in the run-up to the EU referendum
Dunelm boss John Browett said trading was “volatile” in its fourth quarter because of “changeable weather” and a general “retail slow-down”.
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NewsSports Direct full-year profits slide after 'tough trading' in second half
Sports Direct has posted an 8.4% drop in annual pre-tax profits as boss Dave Forsey branded it a “disappointing” year.
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NewsPrimark sales rise after new store openings but weather dents like-for-likes
Primark has posted a rise a 7% rise in third-quarter sales after it benefited from opening 11 new stores in the period.
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NewsM&S clothing sales fall 8.9% after Brexit build-up and fewer promotions
Marks & Spencer has posted a sharp drop in UK first-quarter like-for-likes as it felt the impact of running fewer promotions in its clothing and homewares division.
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NewsWalgreens Boots Alliance profits jump as US sales drive growth
Walgreens Boots Alliance’s profits soared in its third quarter but international sales were impacted by currency exchange rates.
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NewsBudgens and Londis boost parent Booker’s first-quarter sales
Food retailer and wholesaler Booker’s first-quarter sales were bolstered by Budgens and Londis, but the group reported a drop in like-for-likes.
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NewsFrank Field: Tina Green made £28m last year from BHS acquisition
The MP leading the select committee on BHS has hit out at Lady Tina Green, calling to attention the sums she continues to earn from BHS.
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NewsTopps Tiles reports increased like-for-likes in third quarter
Topps Tiles has reported a rise in like-for-likes in its third quarter, saying it is “confident in [its] ability to outperform the market”.