Latest finance news – Page 593
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NewsNext exceeds Christmas expectations
Stronger than expected Christmas sales rounded off a strong second half for Next with like-for-like sales in the 22 weeks to Christmas Eve up 3.2%.
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NewsOriginal Factory Shop reports record Christmas
Value department store chain Original Factory Shop has reported record sales over the Christmas period, with a year-on-year sales lift of 48.3%.
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NewsJohn Lewis reports bumper Christmas trading
John Lewis has delivered a bumper Christmas trading update, with like-for-like sales up 12.7% in the five weeks to January 2.
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NewsRetailers prepare to update on Christmas trading
Retailers including John Lewis, M&S, Next, Sainsbury’s, JD Sports Fashion are to reveal key Christmas trading updates this week which will be seen as key indicators to how successful the festive period was for the retail sector.
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NewsFashion chain D2 in administration
Fashion chain D2 has become the first post-Christmas retail casualty, falling into administration on Wednesday.
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NewsMatalan appoints additional advisers to help £1.5bn sale
Matalan has reportedly appointed Goldman Sachs to advise on the sale of the company as it seeks to accelerate the process.
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NewsJD increases control of Canterbury brand
JD Sports Fashion has has taken control of the Australian distribution company for rugby brand Canterbury, and bought a majority stake in its New Zealand distributor.
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NewsHMV to buy Mama in £46m deal
Entertainment group HMV is to buy its joint venture partner Mama in a deal valuing the business at £46m.
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NewsLiberty attracts potential buyers
Several parties have expressed interest in acquiring famous department store Liberty but a deal may prove elusive.
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NewsPrivate equity bidders offer £800m for Pets at Home
Four private equity firms have each submitted offers of more than £800m for specialist retailer Pets at Home.
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NewsSports Direct broke rules, Blacks tells FSA
Blacks Leisure has reported rival Sports Direct to the Financial Services Authority for allegedly breaking City rules.
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NewsTheo Fennell looks to raise funds to help with turnaround
Luxury jewellery retailer Theo Fennell is exploring options to raise funds through an equity placing as turnover fell 20% on a like-for-like basis in the six months to September 30.
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NewsTopps Tiles’ Dutch business to shut
Topps Tiles’ loss-making Dutch business is to close after the retailer decided not to provide further support and funding.
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NewsLord Harris upbeat as Carpetright delivers stellar first half
Carpetright, the UK’s biggest floor coverings specialist, generated pre-tax profit growth of 15.8% to £11m in its first half and is considering further expansion in Europe.
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NewsSports Direct defends chairman appointment
Sports Direct has denied that it appointed Keith Hellawell chairman because of his experience of chairing a company that, like the sports specialist, has faced an OFT inquiry.
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NewsSpar thrives as it grabs slice of Woolworths share
Convenience store group Spar has reported strong second-quarter results, soaking up some of the confectionery share left up for grabs after the collapse of Woolworths.
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NewsRetail shares waver as Christmas draws near
As Christmas nears, general retailers were down against the market as store chiefs and investors alike wait with bated breath to see how festive trading turns out.
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NewsMulberry’s UK retail arm helps drive performance
Mulberry unveiled a recession-defying performance as pre-tax profits soared 16% to £1.5m in the six months to September 30.
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NewsMoss Bros turns corner as sales rise
Menswear retailer Moss Bros reported improving sales for the 18 weeks to December 5, when like-for-likes climbed 5.5%.
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NewsLinks of London on course to round off year in strong position
Jewellery retailer Links of London claims it is set to reach sales of £80m by the end of the calendar year, with year-on-year growth of over 30%.