Latest finance news – Page 39
-
NewsMoonpig has swung to a loss despite rise in sales
Online greetings card retailer Moonpig has swung to a half year loss as its experiences arm struggles amid “difficult” trading conditions.
-
NewsNaked Wines has narrowed its losses and said its turnaround plan is working
Naked Wines has insisted it’s in a “better position” as it narrowed its losses for the first half of its financial year.
-
NewsBoohoo has urged shareholders to consider Frasers Group's 'true motivation'
Boohoo has written to shareholders urging them to consider the “true motivation” behind Frasers’ behaviour as they prepare to vote for Mike Ashley’s resolutions at a general meeting tomorrow.
-
NewsPoundland impairment charge has cost Pepco hundreds of millions in losses
Poundland owner Pepco has reported a net loss due to a non-cash impairment charge for the high street discounter.
-
NewsDobbies has confirmed store closures after restructuring plan approved
Dobbies has confirmed it will close several garden centres after its restructuring plans were approved.
-
NewsChancellor sticks to her guns at Budget meeting with retail leaders
Retail representatives have met chancellor Rachel Reeves to detail industry concern over the extra costs imposed in the recent Budget.
-
NewsFrasers is seeking control of embattled Norwegian sports retailer
Department stores and sports goods group Frasers is seeking to take control of Norwegian sports specialist XXL, where it’s already the second biggest shareholder.
-
NewsQuiz launches business review as sales and cash dry up
Fashion retailer Quiz has begun a review of financing and strategic options following poor trading that has resulted in lower than expected cash headroom.
-
NewsCard Factory eyes up US expansion with Garven Holdings acquisition
Card Factory is set to enter the US market following the £20m acquisition of Garven Holdings.
-
News‘The Tories put the economy in a coma and Labour have turned the machine off’, says Frasers Group CFO
The chief financial officer of Sports Direct owner Frasers Group blamed the lack of consumer confidence in the run up to Christmas on the recent Labour Budget, which has “attacked a sector” in need of help.
-
NewsWatches of Switzerland is upbeat heading into Christmas despite plummeting profits
Watches of Switzerland boss Brian Duffy has said the brand is performing “encouragingly” heading into Christmas, despite profits plummeting at the retailer.
-
NewsFrasers has blamed the Budget after profit warning
Frasers Group has this morning issued a profit warning, blaming the Budget and recent tough trading conditions for the £50m hit to its bottom line.
-
NewsGymshark chief financial officer has stepped down after two years in the role
Gymshark’s chief financial officer Mat Dunn has departed the business after two years in the role.
-
NewsCash payments remain vital for retailers and customers, according to new survey
A new survey by the British Retail Consortium has reiterated the importance of cash to the sector, despite the growing uptake of cash-free transactions.
-
NewsDebenhams sales have soared after ‘intense online shopping period’
The online department store announced a 65% increase in sales since last year with well-known brands driving the retailer’s popularity with online shoppers.
-
NewsCharity Super.Mkt has revealed new store plans after hitting major turnover milestone
Charity Super.Mkt has ramped up its growth plans and announced a raft of new openings for 2025 as the demand for secondhand clothing ramps up.
-
NewsAsda stares down refinancing challenge ahead of Walmart repayment
Asda is staring down at what may be a potentially complex financial restructuring ahead of steep payment owed to its former owner.
-
NewsBoohoo partially repays loan as co-founder buys more shares in embattled fashion retailer
Fast-fashion giant Boohoo has announced the partial repayment of its £97m term loan as part of its recently completed refinancing.
-
NewsCo-op extends sustainability revolving credit facility
C-store specialist Co-op has extended its £400m sustainability-linked revolving credit facility for another five years.
-
NewsMothercare sales slip as it swings to loss
Mothercare has posted falling sales and sliding profits as it swings to a loss during the first half.