Latest finance news – Page 363
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NewsMorrisons likely to jettison Match & More loyalty scheme
Morrisons chief executive David Potts has strongly hinted that the grocer’s Match & More loyalty scheme will be dropped.
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NewsHome Retail boss Walden 'optimistic' this Black Friday will be less disruptive
Home Retail boss John Walden is “optimistic” Black Friday will be less disruptive than last year as the group gears up for Christmas.
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NewsIkea posts 11.2% rise in full-year sales, driven by international markets
Ikea has reported a strong rise in full-year sales, thanks to solid international trading in China, Russia, Germany and North America.
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NewsDixons Carphone starts new financial year in style as sales climb
Mobile phones and electricals powerhouse Dixons Carphone has posted a strong first-quarter performance, driven by its core UK and Ireland arm.
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NewsDunelm reports profits rise and sets out growth ambitions
Homewares group Dunelm has posted a rise in full-year profits after a strategic overhaul and is in “better shape than ever” to grow.
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NewsArgos like-for-likes fall 2.8% in second quarter as electricals demand wanes
Argos like-for-likes fell 2.8% in the second quarter as demand for electricals fell amid “weaker overall market conditions”.
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NewsNext warns on living wage impact as first-half profits climb
Next has reported a 7.1% rise in first-half profits, but warned that the Government’s new living wage will cost the business £27m a year and force up its prices.
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NewsMorrisons reveals 35% drop in first-half profits and plans to close stores
Supermarket giant Morrisons has revealed a 35% drop in pre-tax profits over its first half and plans to close 11 more stores, with up to 900 jobs under threat.
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NewsMorrisons sells convenience store chain to Greybull Capital at a loss
Morrisons has agreed to offload its convenience store chain to a team led by retail veteran Mike Greene and backed by Greybull Capital.
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NewsSports Direct faces down shareholder rebellion as directors backed at AGM
Sports Direct has weathered a rebellion by shareholders as all its senior directors were backed in a vote at today’s AGM.
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NewsThe Entertainer accelerates store roll-out as profits and sales surge
The Entertainer is upping its store expansion plans after full-year sales and profits rocketed in a gangbuster year for toys.
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NewsSports Direct maintains full-year guidance ahead of AGM showdown
Sports Direct has revealed its summer trading was “in line with expectations” and has maintained its revised full-year profits target.
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NewsLaura Ashley like-for-likes up 7% in first half but profits slip
Home and fashion retailer Laura Ashley has reported a slip in profits but a strong increase in like-for-likes in its first half.
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NewsBreakfast briefing: Retail news on shop prices, Jaeger, M&S and more
Retail news round-up on September 9, 2015: Fall in shop prices, Jaeger boss on the verge of leaving and M&S slows foreign expansion.
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NewsMike Ashley faces revolt from Sports Direct investor over his re-election
The re-election of Sports Direct founder Mike Ashley as the retailer’s executive deputy chairman will be voted against by Royal London Asset Management.
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NewsConviviality Retail to acquire drinks supplier Matthew Clark for £200m
Bargain Booze owner Conviviality Retail has agreed to acquire drinks supplier Matthew Clark for an enterprise value of £200m.
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NewsBreakfast briefing: Retail news on BRC retail sales, Sports Direct and Tesco
Retail news round-up on September 8, 2015: August retail sales almost flat; investor want Ashley to quit; and Tesco mulls sale of European business.
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NewsSofa.com appoints Vince Gunn as chief executive after Gareth Williams exit
Sofa.com has hired Vince Gunn from shoemaker Crocs as chief executive to replace the departing Gareth Williams.
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NewsPrimark sales to jump 13% on back of aggressive store expansion
Primark expects sales to jump 13% for the year after a significant store expansion, while like-for-likes were impacted by the warm autumn.
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NewsMorrisons to land up to £50m from sale of M Local convenience stores
Grocer Morrisons is expected to receive up to £50m from the sale of its convenience store chain, which will be rebranded to My Local.