Latest finance news – Page 340
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NewsTesco sells stake in Lazada to Alibaba as it sheds more non-core assets
Tesco is offloading part of its stake in South East Asian ecommerce platform Lazada to etail titan Alibaba for $129m (£90.5m).
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NewsScS losses narrow amid 'significant' growth in total order numbers
ScS has narrowed its half-year losses following “significant” improvements in total order numbers as its ecommerce platform gained traction.
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NewsAsos pre-tax profits rise as retail sales and mobile traffic surge
Asos has unveiled an 18% jump in half-year pre-tax profits as retail sales and mobile traffic soared during the period.
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NewsBreakfast briefing: Retail news on Austin Reed and BRC retail sales
Retail round-up on April 12, 2016: Austin Reed could undergo financial restructuring and March retail sales suffer due to bad weather and early Easter.
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NewsDarty board recommends cash bid from Steinhoff-owned Conforama
Steinhoff-owned Conforama’s acquisition of Darty has moved a step closer after the retailer’s board “unanimously” recommended its offer.
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NewsPets at Home reverses decision to hire Graeme Jenkins as new finance boss
Pets at Home has reversed its decision to appoint Graeme Jenkins as finance boss following an investigation into his former employer Target.
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NewsThe Range eyes German debut as it targets European expansion
The Range boss Chris Dawson has unveiled ambitions to expand into Germany amid plans to take the business into Europe.
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NewsAnalysis: Why Spar South Africa's move into Switzerland stacks up
Spar South Africa has acquired a 60% stake in Spar Switzerland. Planet Retail’s Franziska Schmidt runs the rule over the deal.
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NewsUniqlo parent Fast Retailing slashes its profits forecast
Uniqlo’s parent, Fast Retailing, has slashed its profits forecast for the second time in three months, as it struggles at home and abroad.
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NewsBonmarché posts sales rise but cautions that conditions remain challenging
Bonmarché has reported that trading conditions remain “challenging” and that profits will come in at the lower end of expectations.
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NewsAgenda: Tesco full-years plus Debenhams, Asos, WHSmith and Halfords updates
Retail Week looks to next week with full-year results from Tesco, interims from Asos and WHSmith, and an update from Debenhams on the agenda.
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NewsDunelm third-quarter revenues up: What the analysts say
Dunelm reported a 1.1% increase in third-quarter like-for-likes as revenue was boosted by winter Sales. Here is the city’s reaction.
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NewsCo-op boss hails momentum and refuses to rule out online grocery
Co-op boss Richard Pennycook has insisted “the momentum is with us” as he refused to rule out launching an online grocery proposition.
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NewsNew M&S boss Rowe puts sharper prices on agenda in bid to improve fashion
Keener prices are likely to play a role in new M&S boss Steve Rowe’s drive to turn around performance at the retailer’s clothing division.
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NewsDunelm boosted by winter Sale as third-quarter revenue rises
Dunelm has reported a 1.1% increase in third-quarter like-for-likes as its winter Sale helped it recover from tough conditions over the season.
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NewsCo-op Group full-year profits fall, but food like-for-likes up 1.6%
The Co-op has today reported a 1.6% rise in full-year like-for-likes in its food business as the group continues its recovery under boss Richard Pennycook.
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NewsMarks & Spencer boss Rowe admits GM performance 'unsatisfactory' as sales slip
M&S’s new boss has admitted its general merchandise performance is “unsatisfactory” as the retailer posted another sales dip for the division.
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NewsBreakfast briefing: Retail news on Co-op and Primark Ireland
Retail news round-up on April 7, 2016: Co-op boss asks board to cut his total compensation and Primark's Irish chief financial officer leaves after six years.
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NewsTopps Tiles boss: Boutique stores are attracting first-time customers
Topps Tiles’ boss has claimed its boutique format has changed shoppers’ opinion of the chain and encouraged first-time customers to visit.
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NewsH&M first-quarter profits dented by warm weather and currency headwinds
H&M has posted a fall in its first-quarter profits as unseasonably warm weather and currency headwinds dented performance.