Latest finance news – Page 56
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NewsKingfisher appoints British Land exec as CFO
DIY giant Kingfisher has appointed Bhavesh Mistry as its new chief financial officer and board member.
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NewsTesco avoids AGM revolt over CEO pay rise
Tesco has avoided a rebellion at its AGM as investors backed chief executive Ken Murphy’s pay rise.
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NewsSuperdry shareholders approve CEO’s survival plan to avoid administration
The restructuring plan to ensure the survival of fashion retailer Superdry has been given the go-ahead after shareholders voted in its favour.
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NewsTesco sales climb in ‘strong’ first quarter
Grocery leader Tesco has posted a sales rise over the first quarter of its financial year.
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NewsDFS drops profit guidance due to ongoing Red Sea disruption
DFS has reduced its profit guidance on recent trading as it continues to be affected by ongoing Red Sea disruption.
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NewsSuperdry wins creditor backing for restructuring plan
Superdry creditors have voted in favour of its proposed restructuring plan, the fashion retailer has said.
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NewsMajor retail landlord calls for rates review by next government
British Land head of asset management for retail parks, Matt Reed, has told Retail Week more needs to be done to deal with business rates.
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NewsLib Dems pledge to replace business rates system in manifesto
The Liberal Democrats have pledged to replace the business rates system with a “commercial landowner levy” as part of their election manifesto.
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NewsThe Body Shop administrators set deadline for bids
The Body Shop administrators are keen to wrap up a sale of the health and beauty giant by the end of this month, according to reports.
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NewsWalgreens scraps Boots IPO plans as sale talks continue
The American owner of Boots, Walgreens Boots Alliance, has reportedly scrapped plans for a potential IPO of the UK beauty retailer as sale talks around the business continue.
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NewsLabour manifesto to combat retail crime and overhaul business rates
Labour is pledging laws to tackle violence against shop workers and overhaul UK business rates in its upcoming manifesto ahead of the general election.
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NewsShein to lose out on FTSE 100 spot as concerns around IPO swirl
Fast-fashion giant Shein is set to miss out on a spot in the UK’s FTSE 100 index, which lists the UK’s top firms by market value, according to reports.
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NewsPrivate equity firm TDR Capital becomes Asda majority owner
Private equity firm TDR Capital has become the majority owner of Asda after it acquired Zuber Issa’s share in the business.
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NewsWaitrose snaps up meal-kit service
Waitrose has snapped up meal-kit delivery service Dishpatch in a deal the upmarket grocer says aligns with its ambitions to be the “home for food lovers”.
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NewsBoohoo faces new lawsuit over worker mistreatment
Boohoo is facing a new investor lawsuit in the UK after allegations regarding the mistreatment of workers in its Leicester factories caused its share price to plummet.
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NewsN Brown profits up despite dip in sales
Fashion group N Brown, which owns brands including Simply Be, Jacamo and JD Williams, has reported a dip in sales for the full year despite a boost to profits amid ongoing “challenging market conditions”.
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NewsAsda most expensive supermarket for fuel, says RAC
Asda is the most expensive UK supermarket for fuel, according to new research.
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NewsAuthentic snaps up iconic sportswear brand
Authentic Brands Group, which owns Reebok, Hunter and the collapsed Ted Baker, has added another iconic brand to its portfolio.
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NewsZara owner Inditex sales rise in ‘robust’ quarterly performance
Inditex, which owns the likes of Zara, Stradivarius and Bershka, has reported a rise in quarterly sales and profits as its spring/summer ranges continue to be “very well received”.
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NewsB&M boss hails ‘good year’ and raises store openings target
Value retailer B&M Bargains has hailed the success of its store opening programme and upped its long-term store target number as profits and sales for the full year soared.