Latest finance news – Page 420
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NewsN Brown like-for-likes edge up as it vies to modernise its brands
Home shopping group N Brown’s like-for-likes edged up 2.5% in its first quarter as moves to modernise its brands pay off.
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NewsCard Factory remains confident on outlook as like-for-likes rise
Card Factory has revealed an improvement in like-for-likes in the four months to May 31 in its first trading update to the City since it floated on the stock exchange.
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NewsGovernment rejects idea to replace business rates with a sales tax
The Government has rejected calls to replace business rates with a tax on sales, as suggested by the retail inquiry.
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NewsInflation eases to 1.5% in May pulled down by food prices
Inflation eased to 1.5% in May from 1.8% in April as the ONS reported food and non-alcoholic inflation fell for the first time since 2006.
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NewsEarnings fall at Iceland as it invests for growth at home and abroad
Frozen food specialist Iceland has posted a fall in annual earnings as investment was made in the business.
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NewsJD Sports sales boosted by the build up to the World Cup
JD Sports said it is “pleased” with its performance as the sports retailer revealed the build up to the World Cup boosted like-for-like sales.
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NewsMySale forced to issue clarification after listing error
Australian fashion etailer MySale has been forced to issue a clarification after its shares were priced incorrectly on its stock market debut.
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NewsMajestic Wine's full-year results: What the analysts say
Majestic Wine’s profit was flat at £23.8m in what it described as a “difficult trading year”. Retail Week looks at what the analysts said.
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NewsB&M management domicile the discount chain in Luxembourg
The management of B&M have domiciled the discount chain, which debuted on the London Stock Exchange at a value of £2.7bn, in Luxembourg.
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NewsDanish giant Bestseller buys fashion etailer MandM Direct
Danish giant Bestseller is to buy etailer MandM Direct for £140m, putting an end to the etailer’s plans to float later this month.
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NewsMySale lists on the AIM stock exchange
MySale, the Australian flash Sales fashion etailer, has listed on the AIM stock exchange this morning.
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NewsLiberty owner BlueGem eyes stake in Mamas & Papas
The owner of Liberty department store, private equity firm BlueGem, is in talks to rescue Mamas & Papas.
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NewsDebenhams in talks to hire former New Look finance boss Alastair Miller
Former New Look finance boss Alastair Miller has emerged as one of the candidates to replace Debenhams finance director Simon Herrick.
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NewsMajestic Wine profits flat during 'difficult' year as it vows to invest
Majestic Wine profit remained flat at £23.8m during a ‘difficult trading year’ as it vows to up investment in the current year.
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NewsBreakfast briefing: Retail news on Aldi, Debenhams, Mamas & Papas and The Co-op
Retail news round-up on June 16, 2014: Aldi to double store numbers, ex New Look finance boss in line for Debenhams job and Liberty owner BlueGem in talks to rescue Mamas & Papas.
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NewsBonmarché plans to return to pre-administration locations as it grows estate
Bonmarché plans to open up to 25 stores and concessions this year, returning to locations before it fell into administration with former owner Peacocks.
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NewsBonmarché full-year profits soar as it rolls out garden centre concessions
Older womenswear retailer Bonmarché’s full-year pre-tax profits soared as it begins a “significant roll out” of garden centre concessions.
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NewsMaplin owner in talks to sell electronics retailer for £80m
Maplin owners Montagu Private Equity are in talks to sell the electronics retailer for a fraction of the price they paid for it, it is understood.
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NewsMulberry full-year profits plummet 46% and current trading nosedives
Handbag retailer Mulberry’s pre-tax profits crashed 46% to £14m in its full year and like-for-likes nosedived 15% in recent weeks.
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NewsArgos and Homebase like-for-likes rise in first quarter
Argos’s like-for-likes rose 4.9% in its first quarter, driven by seasonal product sales and continued growth in electricals.