Latest finance news – Page 450
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NewsDFS float speculation dismissed
Speculation over DFS’s potential float next year has been dismissed by sources familiar with the situation.
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NewsAlbemarle & Bond emergency fundraising plan fails
Pawnbroker Albemarle & Bond has a month to save itself from collapse after talks to raise £35m in emergency funding broke down.
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NewsDunelm like-for-likes fall 5.3% as heatwave hits footfall
Dunelm like-for-likes dropped 5.3% in its first quarter following a “marked reduction” in footfall during the heatwave.
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NewsAlbemarle & Bond issues profit warning after gold prices weaken
Pawnbroker Albemarle & Bond has issued a profit warning after weak gold prices hit its core businesses of pawnbroking and gold buying.
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NewsDFS mulls £1bn stock market flotation
The owner of furniture specialist DFS is mulling a stock market flotation that could value the retailer at £1bn.
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NewsAldi profits rocket as it grabs shoppers from big four rivals
Profits at discounter Aldi rocketed after the retailer took more than 1 million customers from larger rivals last year.
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NewsDixons confirms sale of loss-making Pixmania business to German firm
Dixons has inked a deal to sell its French etail Pixmania business to German industrial holding company Mutares AG.
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NewsCBI calls for business rates holiday to address shop vacancies
Retailers that return empty shops to use should be exempt from paying business rates for a year to regenerate the high street, the CBI has recommended.
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NewsNorthern retailers paying twice as much as they should in business rates
Retailers in some northern towns are paying twice as much in business rates as they should, according to a new study.
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NewsMoss Bros first half profits increase as like-for-likes rise 1.7%
Formalwear retailer Moss Bros recorded a 1.7% uplift in first half retail like-for-likes as profits improved as it plans to open websites overseas.
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NewsLaura Ashley blames weather as profits fall in 'challenging' first half
Laura Ashley pre-tax profit slipped 10.8% to £7.8m including exceptional items due to a “challenging” first half caused by the weather.
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NewsTopps Tiles expects full-year profits to edge up 1.6% to £13m
Topps Tiles expects pre-tax profits to edge up 1.6% to £13m in its year to September 28, with like-for-likes set to fall 0.5%.
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NewsEd Miliband plans business rates freeze for small firms
Labour leader Ed Miliband is to unveil plans to freeze business rates for small firms. However, his proposals have been been criticised as “tinkering at the edges”.
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NewsBreakfast briefing: Retail news on Sainsbury's and business rates
Retail news round-up September 24, 2013: Sainsbury’s hires Conversocial to bolster its social media strategy; Ed Miliband pledges business rates freeze for small firms
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NewsAsos UK's revival down to self-help not economy, says Robertson
Asos’ soaring UK sales are down to self-help rather than any improvement in the economy, according to boss Nick Robertson.
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NewsAsos to beat profit forecasts after strong fourth quarter
Online fashion retailer Asos has raised full-year profit expectations after strong trading in the fourth quarter.
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NewsJD to take on Sports Direct in Oxford Street showdown
A fierce battle in sportswear is set to take centre stage on Oxford Street as JD Sports eyes a new flagship store to rival Sports Direct’s landmark opening on the famous shopping street.
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NewsLink between rents and rates irrevocably broken
The link between business rates and rents is likely to have been permanently severed, showing how out of touch the ratings regime has become.
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NewsJD's sports stores sparkle as first-half profits soar to £10m
JD Sports Fashion’s pre-tax profits before exceptionals jumped from £2.9m to £10m in its half year as earnings soared at its sports fascia.
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NewsThe Hut Group targets 50% overseas sales by 2014 as it mulls IPO
Half of fast-growing etail group The Hut’s sales are set to come from overseas by the beginnning of 2014 as it continues to mull an IPO.