Latest finance news – Page 348
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NewsWiggle confirms deal to acquire online rival Chain Reaction Cycles
Wiggle has agreed a deal to acquire rival Chain Reaction Cycles, in a move which will create a £300m-plus sports etailing giant.
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NewsThe Body Shop returns to ethical roots as fourth quarter like-for-likes slide
The Body Shop is launching a fresh ethics push after its boss pledged the retailer would become the world’s most sustainable business.
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NewsEx-Sainsbury's boss Justin King slams 'unfair' business rates bills
Former Sainsbury’s boss Justin King has labelled business rates as a bigger problem for British retailers than the corporation tax scandal.
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NewsAgenda: Asda to reveal its fourth-quarter trading update
Retail Week looks ahead to next week with a fourth-quarter trading update from big four grocery giant Asda on the agenda.
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NewsBreakfast briefing: Retail news on Supergroup, Sainsbury’s and Kroger
Retail news round-up on February 12, 2016: Supergroup founder offloads stake to finance divorce settlement and Kroger looks to buy Fresh Market.
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NewsFashion giant Gap defends itself over 'opaque' tax practice claims
Fashion retailer Gap has rejected claims that its tax practices are “opaque”, saying it is a taxpayer in “good standing” in the UK.
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NewsAnalysis: Was Tesco right to take full ownership of Harris + Hoole?
Three years after buying into Harris + Hoole alongside venture partners the Tolley family, Tesco has acquired the remainder of the business.
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NewsDunelm like-for-likes and profits soar: What the analysts say
Dunelm has reported strong half-year pre-tax profits and like-for-like sales buoyed by curtains and bedding. Here’s the City’s reaction.
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NewsWiggle gears up to acquire rival Chain Reaction Cycles
Sports etailer Wiggle is expected to agree a deal to acquire online rival Chain Reaction Cycles, according to reports.
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NewsDunelm boss Browett targets London as part of store expansion plans
Dunelm boss John Browett is targeting more London stores for the homewares retailer and has not ruled out trying to acquire Argos sites.
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NewsDunelm boosted by curtains and bedding as profits and sales rise
Dunelm has posted a 10.7% rise in half-year pre-tax profits, while sales were driven by a “strong” performance in curtains and bedding.
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NewsNew Look third-quarter sales and profits up despite ‘tough’ backdrop
New Look has recorded a rise in sales and profits for the third quarter of the year despite what it called a highly ”promotional environment”.
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NewsNew Look owner Wiese mulled Argos acquisition before Sainsbury’s bid
New Look owner Christo Wiese considered adding Home Retail Group to his portfolio before Sainsbury’s bid for the group, it has emerged.
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NewsAgenda: New Look and Dunelm updates and Kantar grocery figures
Retail Week looks ahead to next week with updates from New Look, Dunelm and the latest grocery update from Kantar.
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NewsDFS reports rise in half-year sales as finance boss steps down
DFS has reported a jump in half-year sales as its expansion strategy bore fruit amid a “healthy furniture market”.
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NewsWaterstones losses narrow as investment and depth of range lift sales
Waterstones full-year losses have narrowed after investment from its new owners and a deeper range of books helped boost sales.
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NewsHome Retail Group investor Old Mutual backs Sainsbury's takeover bid
Home Retail Group’s third largest shareholder, Old Mutual, has backed the £1.3bn takeover bid from supermarket giant Sainsbury’s.
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NewsBreakfast briefing: Retail news on Home Retail, Scottish Retail Sales and Waterstones
Retail news round-up on February 4, 2016: Home Retail's biggest investor publicly backs Sainsbury's offer, Waterstones sales up under new owner and Scottish retail sales value down.
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NewsSainsbury’s agrees asking price for Argos offer: What the analysts say
Sainsbury’s has reached an agreement with Home Retail, valuing the business at approximately £1.3bn. Here’s the City’s reaction.
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NewsSainsbury's boss Coupe gunning for John Lewis and Amazon with Argos bid
Sainsbury’s boss Mike Coupe has declared the grocer can compete with John Lewis, Amazon and M&S, if it completes a takeover of Argos.