Latest finance news – Page 438
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NewsWaterstones narrows full-year losses despite sales fall
Waterstones’ full-year losses narrowed last year after slashing costs and slowing the rate of its sales decline.
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NewsGovernment cuts business rates for small retailers by £1,000
Small retailers will receieve a £1,000 cut in business rates within weeks as the Government injects £415m into high streets and town centres.
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NewsSports Direct in talks with Debenhams over sportswear stock
Sports Direct put forward plans to bring a sportswear offer to Debenhams stores last week in what is understood to be the first of a series of meetings between the two retailers.
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NewsIPOs could be derailed by unrealistic valuations
Punchy prices being demanded by some retail IPO candidates could put off investors and derail floats, observers fear.
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NewsMulberry issues profit warning after tough Christmas trading
Mulberry has issued a profit warning because of a weak UK market over the Christmas period and cancelled wholesale orders in Korea.
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NewsAo.com eyes £1.2bn IPO valuation as investor appetite grows
Electricals etailer Ao.com is looking at valuation of between £1bn and £1.2bn in its IPO, four times more than the £300m estimate made when it appointed its advisers in September.
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NewsBreakfast briefing: Retail news on AO.com, Ikea and retail sales in Ireland
Retail news round-up on January 29, 2014: AO.com eyes £1bn valuation for stock market float, Retail sales in Ireland edge up 0.6% in December, Ikea records 3.1% rise in total sales in 2013.
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NewsCarpetright to employ raft of initiatives to lift ailing Dutch arm
Carpetright is implementing a raft of initiatives in its Netherlands business to try and offset the economic turmoil in the country.
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NewsPawnbroker Albemarle & Bond shares plunge after crucial sale process abandoned
Pawnbroker Albemarle & Bond’s share price crashed yesterday when it called off a sale process which was seen as crucial to its survival.
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NewsCarpetright warns on profits as Netherlands business suffers
Floorings specialist Carpetright has flagged that full-year profits are expected to come in below expectations after its Dutch business continued to perform poorly.
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NewsBreakfast briefing: Retail news on Carpetright, Amazon and Morrisons
Retail news round-up on January 28, 2014: Carpetright profits to come in at lower end of expectations, Morrisons operations director quits weeks after joining and Amazon takes over £1 in every £4 spent on entertainment.
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NewsMcColl's confirms intention to float
McColl’s has this morning confirmed plans of its intention to float on the London Stock Exchange.
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NewsBreakfast briefing: Retail news on Mothercare, Lenta, M&S, Shop Direct and River Island
Retail news round-up on January 27, 2014: Mothercare to sell Early Learning Centre, Russian chain Lenta mulls London stock market float, M&S bolsters team with two hires from Inditex, Shop Direct to make £50m profit and River Island uses Maxymiser
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NewsAsda Income Tracker: Family spending power rises
The average UK household had £158 a week of discretionary income in December 2013, up £2 a week year-on-year, Asda data has shown.
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NewsBathstore owner hires adviser to examine sale of the business
UK specialist bathrooms retailer Bathstore is poised to change hands as investment fund owner Endless grooms the retailer for a sale.
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NewsBreakfast briefing: Retail news on Bathstore, JD Sports, Poundland and House of Fraser
Retail news round-up on January 24, 2014: Bathstore owner explores sale of business, JD Sports to open menswear fascia, City welcomes IPOs and House of Fraser ends Galeries Lafayette talks.
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NewsCity opens door to retail IPOs as Poundland and Pets at Home head the queue
The City has given the green light to retail IPOs after poring over the industry’s Christmas performance.
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NewsHouse of Fraser to push button on float as talks with Galeries Lafayette end
House of Fraser looks likely to push the button on an IPO process this year after discussions with French peer Galeries Lafayette came to an end.
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NewsSports Direct and Debenhams set for crunch meeting today
Debenhams boss Michael Sharp and Sports Direct chief executive Dave Forsey are set to meet today to explore how the two retailers can work together.
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NewsHotel Chocolat revives stake sale process
Confectionery retailer Hotel Chocolat is reviving its bid to sell a significant minority share in the £100m business this year.