Latest finance news – Page 372
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NewsEx-Thorntons chairman: Ferrero can halt chocolatier's 'fatal' decline
A Thorntons family member who formerly chaired the retailer believes its decline “would have been fatal” had Ferrero not stepped in to acquire it.
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NewsBusiness rates make UK 'less attractive' to foreign retailers, say Intu
Intu has piled pressure on the Government to reform the business rates system, claiming it makes the UK “less attractive” to foreign retailers.
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NewsMarks & Spencer’s margin focus dents its apparel market share
Marks & Spencer has lost clothing market share as its resists the temptation to discount items, latest industry data shows.
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NewsLidl owner Schwarz seeks to break €100bn sales barrier in next five years
Lidl holding company Schwarz Group hopes to make €100bn (£72bn) in sales per year within the next five years by increasing sales by more than a quarter.
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NewsMarks & Spencer revises online sales total after factoring in returns
Marks & Spencer has revised its online sales for the past four years to factor in items that were bought online but returned to stores.
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NewsDarty swings back to profit despite sales dip as cost cutting kicks in
French electricals retailer Darty has swung back into profit for the year despite a fall in sales after significant cost cutting.
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NewsChocolate firm Ferrero strikes £112m deal to acquire Thorntons
Italian chocolate producer Ferrero has unveiled plans to acquire fellow manufacturer and retailer Thorntons for about £111.9m.
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NewsTesco faces shareholder backlash over Philip Clarke's pay-off
Tesco is facing a shareholder backlash at its annual general meeting on Friday over the pay-offs it gave to its former chief exec and finance director.
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NewsHouse of Fraser sales jump as online continues to build momentum
House of Fraser’s like-for-like sales rose 8.1% in its first quarter, as its ecommerce platform gained further momentum.
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NewsFindel boss expects group to return to profit this year as Kitbag recovers
Findel executive chairman David Sugden expects the home shopping and education group to be back in the black in its current financial year.
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NewsCard Factory management to sell off 7.4 million shares one year after float
Card Factory’s management are selling 7.4 million of their shares just over a year after floating the company on the London Stock Exchange.
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NewsN Brown sales edge up after 'step change' in online penetration
N Brown has recorded a 1.5% increase in like-for-likes during its first quarter following a “step change” in its online penetration.
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NewsBreakfast Briefing: Retail News on Dunnhumby, House of Fraser and MRSA
Retail news round-up on June 18, 2015: Google eyes Dunnhumby bid, House of Fraser sales jump afer online shopping surge and MRSA found in UK supermarkets’ pork products.
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NewsAmerican Golf reveals half-year pre-tax loss as restructuring costs bite
American Golf has reported a half-year pre-tax loss of almost a million pounds after it felt the impact of restructuring costs.
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NewsPoundland mulls small store format as it spies convenience opportunity
Poundland boss Jim McCarthy has said the retailer is considering opening smaller stores, but is concentrating on its core offer.
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NewsPoundland pre-tax profits jump 18.6%: What the analysts say
Poundland’s pre-tax profits jumped 18.6% in its first year as a public company. Here’s what the analysts have to say.
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NewsFindel posts full-year loss, but Express Gifts boosts sales
Findel has revealed a full-year pre-tax loss of £1.7m, but sales edged up helped by the performance of its Express Gifts business.
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NewsPoundland's full-year profits surge but warns over "subdued" first half
Poundland has reported an 18.6% jump in pre-tax profits in its first year as a public company, but expects trading in its half-year to be “subdued”.
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NewsBreakfast Briefing: Retail News on BHS, Fat Face and more
Retail news round-up on June 18, 2015: BHS’ flagship store up for review, Fat Face set to make US debut and Scottish retail sales
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NewsJD Sports Fashion boosted by Europe sales, but raises fears over margins
JD Sports Fashion has made a “strong” start to its financial year, boosted by rising sales in Europe, the retailer has reported.