Latest finance news – Page 483
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NewsMoss Bros like-for-likes up 5.7% as profits stabilise
Like-for-like sales at Moss Bros rose 5.7% in the first half of the year while pre-tax profit remained stable.
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NewsOcado third-quarter sales up 10%
Sales at Ocado grew 9.9% year on year to £162.6m in the third quarter as the rate of sales growth slowed, as the online grocer battled the negative impact of the Olympics.
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NewsRiver Island takes profit hit to keep prices sharp
River Island pre-tax profits tumbled 25% to £86.9m last year as the fashion retailer absorbed higher costs, rather than pass them on to consumers, and invested in the business.
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NewsFrench Connection turnaround plan to take two years
French Connection expects to break even by the end of its financial year 2014/ 2015 after this morning revealing a series of measures aimed at turning the struggling business around.
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NewsEuan Sutherland joins Kingfisher board
Kingfisher chief operating officer Euan Sutherland has joined the retailer’s board.
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NewsIrish group vies to buy JJB Sports
An Irish conglomerate has entered the race to take control of up-for-sale retailer JJB Sports.
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NewsFrench Connection plunges into the red as it reveals turnaround initiatives
French Connection plunged in to the red in the six months to July 31 as the retailer revealed the outcome of its strategic review.
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NewsAsos reveals UK sales jump
Asos UK sales increased 15% to £49.9m over the three months to August 31.
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NewsJD Sports to roll out new Blacks format as it mulls Millets' future
JD Sports Fashion is set to roll out a new store format for Blacks as part of its turnaround plan, which is likely to see sister brand Millets leave the high street.
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NewsDebenhams invests in womenswear push as it grabs share
Debenhams is investing in womenswear as gains in the category drove a sales uplift in its final quarter.
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NewsInflation rate slows to 2.5%
The rate of inflation slowed to 2.5% in August due to smaller rises in the price of clothing.
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NewsGordon Brothers buys Dublin department store Clerys out of receivership
Restructuring firm Gordon Brothers has acquired Dublin department store Clerys out of receivership.
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NewsJD Sports' profits hit by Blacks loss
JD Sports has reported a 1.1% increase in like-for-likes for the first half but, as it advised at its last results, the sportswear retailer’s operating profit was dragged down by a £10m loss at the newly-acquired Blacks business.
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NewsDebenhams forecasts profits rise as like-for-likes grow
Debenhams has reported “strong” like-for-like growth in the last year and pre-tax profit is expected to be up.
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NewsHamleys acquired by French toys giant Ludendo
Hamleys has been bought by French toys giant Groupe Ludendo.
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NewsLloydspharmacy profits plummet
Lloydspharmancy’s pre-tax profits plummeted by 45% from £104.7m to £57.2m in 2012 as sales remained flat at £1.76bn.
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NewsSuperGroup pay awards under scrutiny from investors
SuperGroup is set to become the latest retailer to face a shareholder rebellion over director pay.
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NewsJJB deal close but many stores likely to shut
Sports Direct is expected to acquire up to half of rival JJB’s 180 stores this week. The deal is likely to lead to the closure of the rest of JJB Sports’ business and a large number of job losses among JJB’s 3,000 staff.
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NewsAnalysis: Burberry's brand revitalisation continues in bid to attract new customers
With a revitalised brand, rising profits and a new London flagship, Burberry is on the rise.
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NewsProfits dip at Lakeland
Homewares specialist Lakeland’s pre-tax profits slipped to £7.2m in 2011 from £10.7m the previous year, although sales advanced.