Latest finance news – Page 576
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NewsCity sticks with Tesco but share price falters
Record results from Tesco failed to help either the grocer’s or its peers’ shares, which all fell over the week.
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NewsAsos overseas growth woos investors
The international opportunity for online fashion retailer Asos continued to be a winning growth story for investors as overseas sales soared 101% in the year to March 31.
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NewsEaster slump prompts Thorntons profit warning
Thorntons has issued a profits warning after the crucial Easter trading period failed to live up to hopes.
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NewsPrimark first-half surge opens door for opportunity in Europe
Impressive first-half trading figures from Primark will pave the way for further European expansion, City analysts believe.
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NewsLloydspharmacy MD to leave retail for healthcare job
Lloydspharmacy boss Richard Smith is to leave in June to become chief executive of healthcare company Integrated Dental Holdings.
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NewsGieves & Hawkes hires luxury man as chief executive
Savile Row menswear retailer Gieves & Hawkes has appointed John Durnin, a former chief of luxury giant Richemont, as chief executive.
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NewsWhite Stuff fortifies team for growth
Lifestyle retailer and brand White Stuff has secured a new working capital facility and made a raft of high-level appointments to prepare it for UK and international growth.
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NewsTesco ‘back in the lead’
Leahy laughs off Asda’s non-food ambitions as Tesco posts strong year’s sales and record profits
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NewsAll Saints secures extra funding on strong results
Fashion retailer All Saints almost doubled EBITDA to £23.6m last year, helping it secure further investment from Lloyds TSB Corporate Markets to ramp up overseas expansion.
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NewsFaith in administration
Footwear retailer Faith has gone in to administration, Retail Week has learned.
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NewsFaith on the brink of administration
Footwear chain Faith is understood to have lined up Heath Sinclair of Mazars as administrator.
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NewsAlexon reports full year loss but focused on turnaround
Alexon Group has reported a pre-tax loss before exceptional items of £900,000 in its full year results but said it has laid the foundations for to accelerate its turnaround plan.
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NewsSports Direct confident after strong year
Sports Direct said it was on track to achieve full year underlying EBITDA of at least £160m as sales in the 9 weeks to March 28 grew 2.9% to £214m.
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NewsWHSmith cautious on prospects despite profits rise
Bookseller and stationer WHSmith has posted a 2% increase in first-half group pre-tax profits to £62m but cautious about prospects.
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NewsDobbies reports record sales at £104m
Tesco-owned garden centre retailer Dobbies recorded a 6.2% increase in like-for-like sales in the year to February.
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NewsGame’s two most senior executives exit
Game’s two most senior executives, including chief executive Lisa Morgan, have stepped down from the business as it revealed sharp falls in full year profits and turnover, and announced plans to close more than 100 stores.
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NewsBurberry expects record profits as UK outperforms
Burberry said its full-year profits will be “at record levels” following a stronger than anticipated end to the year.
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NewsFlying Brands’ garden division suffers from bad weather
Flying Brands’ garden division has been behind expectations due to bad weather with sales of bedding plants during spring.
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NewsTesco tops £3.4bn profits
Tesco has recorded a 10.1% increase in underlying pre-tax profit to £3.4bn in its full year results, in line with City estimates.
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NewsThorntons warns on profits after Easter disappoints
Chocolates specialist Thorntons has issued a profits warning after the crucial Easter trading period failed to live up to its hopes.