Latest finance news – Page 329
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NewsZara outshines fashion rivals as UK sales and profits rise
Zara reports an increase in full-year sales and profits at its UK business despite the subdued performance of its rivals in the last year.
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NewsMajestic boss warns a Brexit would push up price of wine
Majestic Wine boss Rowan Gormley has warned a Brexit would push up the price of wine as the cost of imported goods will inevitably rise.
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NewsMajestic Wine full-year sales fizz but profits hit by Naked Wines deal
Majestic Wine has reported a 41% jump in annual sales but its bottom line was hit by the costs from its acquisition of Naked Wines.
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NewsMike Ashley convinced he had struck deal to buy BHS post-collapse
Mike Ashley was under the impression he had struck a deal to acquire BHS after it had gone into administration, it has emerged.
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NewsJD boss Cowgill expects ‘excellent’ first-half results after Euro 2016 boost
JD Sports boss Peter Cowgill expects the retailer to unveil “excellent” results for the first half of its current financial year.
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NewsAgenda: Tesco update, Majestic Wine full-year results and the EU referendum
Retail Week looks to next week with Tesco’s first-quarter update, full-year results from Majestic Wine and the EU referendum on the agenda.
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NewsDarty profits and sales rocket ahead of Fnac takeover
London-listed electricals retailer Darty said its retail profits advanced 24% to €93.1m ahead of Fnac’s tabled takeover of the business.
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NewsPoundland boss admits 'we took our eye off the ball' owing to 99p Stores deal
Outgoing Poundland boss Jim McCarthy has blamed the “disruption” caused by the acquisition of 99p Stores for a sharp fall in profits.
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NewsPoundland profits tumble during “period of significant change”
Poundland has posted a fall in profits and like-for-likes during what the outgoing boss describes as a “period of significant change”.
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NewsN Brown sales slip against "challenging market backdrop"
Fashion retailer N Brown has posted a 1.6% slide in product sales during its first quarter against a “challenging market backdrop”.
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NewsSteinhoff acquires Poundland shares as it mulls full takeover bid
Steinhoff has bought almost a quarter of Poundland’s shares just hours after it revealed it was mulling a takeover bid for the value retailer.
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NewsBHS inquiry: Sir Philip Green insists he did not block Ashley's rescue bid
Sir Philip Green has insisted he did not block any bids to save collapsed department store chain BHS as it plunged into administration.
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NewsBHS inquiry: Sir Philip Green vows to 'find solution' to pension deficit
Former BHS owner Sir Philip Green has vowed to “find a solution” to the collapsed department store chain’s £571m pension scheme.
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NewsSteinhoff eyes Poundland takeover following failed bids for Argos and Darty
Steinhoff is back on the acquisition trail, this time considering an offer for Poundland after losing out on both Argos and Darty.
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NewsHolland & Barrett profits soar as UK drives like-for-like growth
Holland & Barrett’s full-year sales and profits rose in what finance boss Christian Keen deemed a “strong financial performance”.
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NewsEx-BHS owner Sir Philip Green confirms he will face MPs
Former BHS owner Sir Philip Green says he will appear before a parliamentary inquiry as questioning over the retailer’s collapse continues.
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NewsMy Local hires KPMG to explore strategic options following tough trading
My Local, the convenience chain born from the ashes of Morrisons’ c-store estate, is in talks with advisers over strategic options following lacklustre trading.
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NewsInflation edges up in May as food prices continue to fall
The UK’s inflation rate increased last month due to rising leisure costs, although grocery and clothing costs continued to drop.
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NewsBreakfast briefing: Retail news on BHS, retail jobs and more
Retail round-up on June 14, 2016: Matalan owner says he dropped BHS offer 'on his own', and retail job to suffer due to living wage and Brexit uncertainty.
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NewsFindel admits ‘need to improve’ after drop in full-year profits
Findel has reported a 10.6% drop in pre-tax profits before exceptionals to £24.8m following a “more challenging than expected” year.