Latest finance news – Page 510
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NewsBig Price Drop drives volume growth at Tesco
Tesco like-for-like sales in the UK, excluding petrol and VAT, fell 0.9% in the third quarter.
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NewsWiggle bought by Bridgepoint in £180m deal
Cycles etailer Wiggle has today been acquired by private equity firm Bridgepoint in a £180m deal.
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NewsDune Group sales fall
Footwear business Dune Group has posted a slight increase in pre-tax profits from £6.42m to £6.47m for the year to January 29, 2011.
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NewsKesa chiefs confident of Comet sale
Directors of electricals group Kesa are confident that the sale of UK business Comet will go ahead as planned.
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NewsFor sale sign raised over Blacks
Outdoor specialist Blacks Leisure has put itself up for sale after concluding that previous fundraising plans were unrealisable, but investors may get nothing from a disposal.
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NewsSports Direct set to snub Blacks fundraising
Sports Direct founder Mike Ashley is set to snub a £20m cash call by struggling outdoor retailer Blacks of which he is the largest shareholders.
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NewsComet deal financing delayed
The proposed sale of Comet has hit a stumbling block because its prospective buyer has not yet secured a key part of its financing.
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NewsIkea price cuts power market share advance
Swedish furniture giant invests in online and store revamps as it ‘prepares for uplift’ in market.
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NewsStore stocks tick up as consumers fret
Store stocks of all types ticked up over the week as the market overall improved, but general retailers still significantly lag the All-share index over the year.
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NewsB&Q third quarter profits surge, helped by Indian summer
Profits at DIY giant Kingfisher, owner of B&Q, surged in the third quarter as the group benefited from self-help measures such as more direct sourcing and common ranging.
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NewsConsumer confidence remains depressed in November
Consumer confidence levels improved marginally in November but still remain low as the Eurozone crisis and fears over a further recession continues to depress sentiment.
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NewsEases in business rates and fuel duty, reveals Chancellor
Retailers will be able to defer 60% of the business rate increase coming up in 2012-13 equally across the following two years, Chancellor George Osborne revealed today.
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NewsProfits fall at Topps Tiles
Floorings specialist Topps Tiles full year profit before tax has plummeted 36% to £7.9m.
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NewsReiss full year EBITDA soars 44%
Reiss UK EBITDA soared 44% to £13.1m in its year to January 31.
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NewsClintons like-for-likes slip 2.4%
Greetings card retailer Clintons group like-for-likes fell 2.4% in the 16 weeks to November 20.
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NewsFormer Asda COO Simon King appointed Wickes MD
DIY chain Wickes has appointed former Asda chief operating officer Simon King as its managing director.
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NewsTM Lewin profits up as it eyes further international growth
TM Lewin EBITDA rose 5% to £14.7m in the year to February 26 despite the “challenging conditions”.
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NewsJacques Vert warns on profits
Occasionwear specialist Jacques Vert has warned on profits after unseasonably warm weather and weak consumer confidence took a toll.
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NewsBlacks warns on profits as consumers cut spending
Embattled specialist retailer Blacks Leisure has issued a profit warning but insists it still has the support of its bankers.
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NewsHopes high for Chancellor rethink on business rates
Retailers hope George Osborne will next week reveal a change in the way costly business rates are calculated when the Chancellor presents his Autumn Statement.