Latest finance news – Page 426
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NewsMorrisons blames competitive market for first quarter sales fall
Morrisons like-for-like sales excluding fuel slumped 7.1% in its first quarter due to the “continued” competitive market.
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NewsPoundland full-year sales near £1bn mark as they grow 13.3%
Poundland has revealed sales of almost £1bn in its full-year update, which jumped 13.3% to £997.8m, as it plans new store openings.
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NewsBreakfast briefing: Retail news on the Co-op, John Lewis and Ocado
Retail news round-up on May 8, 2014: Banks ready £300m to back Co-op Pharmacy sale, John Lewis teams up with LG to make own brand smart TV and Ocado investors vote against remuneration policy
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NewsCo-op board failures have left it unprepared for grocery price war, Lord Myners warns
The Co-operative Group’s outmoded governance structure has left it utterly unprepared for a grocery price war, reform champion Lord Myners has warned.
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NewsChinese etail giant Alibaba files for one of the biggest IPOs in history
Chinese online giant Alibaba has filed documents for its IPO in New York, which is expected to be one of the largest in history.
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NewsSainsbury's full-year profits up 5.3% as boss Justin King prepares to bow out
Sainsbury’s has reported underlying pre-tax profit up 5.3% to £798m in the year to March 15 as chief executive Justin King prepares to leave.
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NewsShop prices deflated for the twelfth consecutive month in April
Shop prices fell again in April, driven by non-food, according to the British Retail Consortium (BRC) – Nielsen Shop Price Index.
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NewsAt a glance: Alliance Boots' Latin American acquisition, Farmacias Ahumada
As Alliance Boots acquires two pharmacy chains in Latin America, Retail Week lifts the lid on parent firm Farmacias Ahumada.
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NewsGoogle acquires UK retail forecasting firm Rangespan
Google has acquired UK retail forecasting start-up Rangespan for an undisclosed amount.
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NewsBargain Booze owner Conviviality acquires rival's stores for £1.7m
Bargain Booze owner Conviviality has acquired 26 stores from Bibby Retail Services’Rhythm and Booze chain for £1.7m.
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NewsAlliance Boots to acquire two pharmacy chains in Latin America
Alliance Boots is set to acquire two pharmacy chains in Latin America, adding 1,400 stores to its estate.
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NewsHedge funds gamble on drop in Sainsbury's share price
A number of hedge funds are gambling on Sainsbury’s share price falling because they believe its value could be hit by the supermarket price war.
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NewsMothercare calls in PwC to renegotiate banking covenants
Mothercare is in talks with its lenders to relax its banking covenants just seven months after securing a £90m refinancing deal.
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NewsBreakfast briefing: Retail news on Morrisons, Amazon, Tesco, Mothercare and more
Retail news round-up on May 6, 2014: Morrisons apologises for ad stunt, Amazon and Twitter ink tie-up, Tesco launches pound zones and more.
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NewsTJ Hughes owner buys seven Paul Simon stores from administration
TJ Hughes owner Lewis Home Retail has acquired seven Paul Simon stores out of administration.
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NewsMothercare asks for supplier concessions to claw back margin
Mothercare has asked its suppliers for concessions, Retail Week has learned, as it vies to claw back margin that has been hit by the price war in the sector.
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NewsCard Factory to sell £400m of shares during stock market float
Greeting cards retailer Card Factory is set to sell about £400m worth of shares when it floats on the stock market.
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NewsBreakfast briefing: Retail news on Clarks, Asda, Co-op, N Brown, Card Factory
Retail news round-up on May 2, 2014: Clarks rolls out iPads for feet measurement; Asda introduces click and collect to 250 stores; The Co-op considers legal action; N Brown plans 25 stores; Card Factory to sell £400m worth of shares.
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NewsFat Face confirms intention to float in a bid to raise £110m
Fashion retailer Fat Face has confirmed its intention to float, bidding to raise £110m.
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Fat Face to confirm IPO plans tomorrow
Fat Face is to reveal plans to float on the London Stock Exchange tomorrow and is expected to reveal a board that includes former Carpetright boss Darren Shapland.