Latest finance news – Page 334
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NewsBHS administrator asks potential suitors to raise bids
BHS’s administrator Duff & Phelps has reportedly told a raft of suitors vying to buy the collapsed high street chain to raise their bids.
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NewsMountain Warehouse reports stellar year as profits and sales soar
Mountain Warehouse has reported rocketing annual profits and sales and is eying “a couple” of Austin Reed stores.
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NewsBreakfast briefing: Retail news on BHS, Ikea and more
Retail round-up on May 14, 2016: BHS suitors told to raise their offers, Ikea's second Dublin store and convenience stores say they 'fear' living wage.
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NewsAnalysis: How did SuperGroup dodge the fashion doldrums?
SuperGroup’s latest set of results are impressive, bucking the fashion market’s downward trend with profits and sales shooting up.
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NewsSports Direct owner Ashley emerges as front-runner to acquire Austin Reed
Sports Direct founder Mike Ashley has emerged as the front-runner to acquire embattled fashion chain Austin Reed, Retail Week has learned.
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NewsYoox Net-A-Porter posts jump in sales as active users up
Etailer Yoox Net-A-Porter has reported a healthy jump in first-quarter sales as its number of active users hit 2.5 million.
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NewsBreakfast briefing: Retail news on BHS and Zalando
Retail round-up on May 13, 2016: Advisers shared a £2.4m success fee for BHS sale and Zalando’s first-quarter operating profit slipped despite revenue jump.
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NewsMike Ashley's Sports Direct extends its bet on Debenhams
Sports Direct has reiterated it will remain a “supportive” shareholder of Debenhams after extending its bet on the department store chain.
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NewsTesco boss Lewis pockets £3m bonus as grocer returns to profit
Tesco chief executive Dave Lewis has pocketed an annual bonus of almost £3m after leading the supermarket giant back into the black.
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NewsHMV in Ireland racks up losses following expansion costs
HMV’s Irish business recorded a pre-tax loss last year owing to heavy investment in expansion, despite revenues more than doubling.
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NewsMacy’s sales fall as retailer issues profit warning
Macy’s has issued a profit warning after its sales dropped in the first quarter because of falling tourist numbers and discounter competition.
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NewsSuperGroup posts profits and sales rise as founder resigns
SuperGroup has reported a rise in full-year profits and like-for-like sales, and revealed that one of its founders, James Holder, has resigned from his role.
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NewsBreakfast briefing: Retail news on HMV and Macy’s
Retail round-up on May 12, 2016: HMV’s Irish business falls into the red, and Macy’s posts worst quarterly sales since 2008 recession.
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NewsBHS: Sir Philip Green attacks 'incorrect' testimony from Pensions Regulator
Arcadia tycoon Sir Philip Green hits back following evidence from Pensions Regulator Lesley Titcomb to MPs on Monday.
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NewsHotel Chocolat's share price soars on stock market debut
Hotel Chocolat’s share price rocketed by more than a quarter yesterday on its first day of trading on the London Stock Exchange.
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NewsBHS owner sold retailer's main distribution centre to repay £5m loan
BHS’s owner sold the retailer’s main distribution centre and used some of the proceeds to pay off a loan used to buy the business.
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NewsBreakfast Briefing: Retail news on BHS, Amazon, Staples and Office Depot
Retail round-up on May 11, 2016: Staples and Office Depot terminate their merger deal and Amazon Video Direct unveiled to rival Google’s YouTube.
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NewsBHS suitors submit bids to embattled retailer’s administrator
The administrators of BHS have received “multiple” bids for the department store chain on the day of the deadline for indicative offers.
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NewsMonsoon profits plunge after a 'very disappointing' year
Monsoon’s profits have plummeted following a “very disappointing” year, as sales fell owing to poor weather conditions and discounting.
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NewsBusiness rates revaluation delay cost BHS £75m over five years
BHS incurred annual costs of £15m over five years owing to the delay in business rates revaluation, according to Colliers International.