Latest finance news – Page 388
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NewsAo.com warns on profits after post-IPO publicity drops off
Ao.com has issued a profit warning after struggling to achieve expected revenue growth following a fall in publicity since its IPO.
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NewsMorrisons appoints former Tesco executive David Potts as new boss
Morrisons has appointed former Tesco executive David Potts to replace Dalton Philips, who left a month ago, as its new chief executive.
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NewsUSC owes creditors £15.2m following its administration
Creditors of Sports Direct-owned fashion retailer USC are owed a total of £15.2m according to a report issued by administrators.
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NewsRetailers could lose out on five years' worth of business rate refunds
Retailers could lose out on five years’ worth of refunds on their business rates because they are unaware of a “scandalous” appeals deadline.
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NewsColes' profit growth dips again as it seeks to avoid mistakes of UK grocers
Australian grocer Coles’ first-half profit growth has halved to 7.1% compared to the same period two years ago as it seeks to avoid mistakes made by UK grocers.
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NewsDFS valued at £585m as it sets share price range ahead of float
DFS has set a price range of 245p to 310p per share, which will value it at around £585m when it floats on the stock exchange next month.
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NewsNew Look aims for £2bn floatation as it hires JP Morgan
New Look is planning a stock market flotation that could value the UK’s second largest fashion retailer at as much as £2bn.
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NewsPrimark expects 16% jump in half-year sales after European expansion
Half-year sales at fashion retailer Primark are expected to jump 16% at constant currency rates, driven by its European expansion.
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NewsLush like-for-likes jump 9.1% after global expansion into emerging markets
Lush has reported like-for-like sales jumped 9.1% in 2014 after expanding into emerging markets around the world.
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NewsInfographic: Valentine’s Day drives sales at John Lewis
Beauty, lingerie, flowers and bubbles drove sales at John Lewis Partnership’s stores as shoppers spent their cash on loved ones for Valentine’s Day.
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NewsAsda full-year like-for-likes fall for the first time in six years
Asda like-for-like sales fell 1% in 2014, the first time in six years that the supermarket giant’s full year like-for-likes have dropped.
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NewsSports Direct sales growth slows after 'weak winter' across Europe
Sports Direct experienced slowing sales growth over its Christmas quarter following a weak winter sports season for its European stores.
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NewsBreakfast Briefing: Retail news on local grocers, USC collapse, Burberry and more
Retail news round-up on February 19, 2015: Shoppers ditch supermarkets for local grocers, parliament summons Sports Direct owner Mike Ashley, Eve eyes £1m turnover and more.
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NewsPandora boss Allan Leighton receives £3.4m payout ahead of mooted Co-op move
Pandora’s Allan Leighton is set to receive DKr34m (£3.4m) from the Danish jewellery retailer before he steps down as chief executive in March.
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NewsJewellery retailer Pandora reports strong global growth
Jewellery retailer Pandora recorded a 39.5% increase in net profit in 2014, driven by the broadening of its portfolio of products.
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NewsSupermarket price war drives CPI inflation to lowest-ever level
The rate of Consumer Prices Index (CPI) fell to a record-breaking 0.3% in January, driven by lower fuel prices and the supermarket price war.
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NewsHammerson boss tells Chancellor business rates 'no longer fit for purpose'
Hammerson chief executive David Atkins has written to the Chancellor to argue the business rates system is “no longer fit for purpose”.
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NewsBreakfast Briefing: Retail news on Amazon, Tesco and business rates
Retail news round-up on February 17, 2015: Amazon shoppers hit by website outages, Tesco pays £20,000 community fund, Hammerson calls for fairer business rates and more.
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NewsModa Operandi raises $60m in latest investment round
Luxury ecommerce site Moda Operandi has pulled in $60m (£39m) of funding, with the US etailer plotting to bolster its presence overseas.
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NewsBreakfast briefing: Retail news on Tesco, Morrisons, Apple and Foyles
Retail news round-up on February 16, 2015:Tesco could shed 10,000 positions as Archie Norman enters chairman race, Morrisons reduces prices on grocery products, Apple secretly working on electric car project