Latest finance news – Page 6
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NewsCurrys grows revenue and profit despite higher UK costs
Currys’ earnings before interest and taxes (EBIT) dropped slightly in the UK, attributed to higher employment costs, but was offset by strong performance in its Nordics business.
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NewsConsumer confidence edges up but outlook 'remains gloomy'
Consumer confidence saw a slight uptick this month as the Budget wasn’t as bad as expected, but the overall outlook is still gloomy, according to data from the BRC.
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NewsFrasers Group sells Matches
Frasers Group has sold Matches to the founders of members-only shopping app Mile, who will relaunch the luxury platform next year.
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NewsGreggs names ex-Tesco finance boss as non-exec
Greggs has named former Tesco finance director Richard Smothers as an independent non-executive director, effective February 1.
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NewsFrasers Group weighs up SilkFred bid
Frasers Group is considering placing a rescue bid for online marketplace SilkFred, which collapsed into administration in October.
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NewsNext in talks to strike a deal with Russell & Bromley
High street chain Next is in talks with advisers at Russell & Bromley about striking a potential deal.
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NewsCard Factory lowers profit guidance as low footfall persists
Card Factory has issued a trading update, revising its profit guidance as low footfall continues.
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NewsFrasers Group confirms Matches relaunch
Frasers Group is set to relaunch Matches next year, two years after it placed the luxury brands platform into administration.
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NewsProCook trims losses and makes ‘strong’ start to Christmas trading
ProCook said it has “significantly outperformed the market” as it trimmed its half-year losses and reported a “strong” start to Christmas trading.
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NewsAnn Summers narrows losses and posts sales growth
Ann Summers narrowed its losses and achieved modest sales growth, according to its latest results filings.
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NewsAsda only supermarket to see sales slide ahead of Christmas
Asda was the only major supermarket to see its sales fall ahead of the crucial Christmas trading period.
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NewsFrasers Group snaps up Swindon Designer Outlet
Frasers Group has snapped up Swindon Designer Outlet as the retail giant continues to grow its property portfolio.
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NewsNaked Wines returns to profitability in revenue cutting plan
Naked Wines has made a return to profitability as it deliberately sheds revenue to focus on profitable ‘Angel’ customers.
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NewsMoonpig grows revenue ahead of CEO exit
Moonpig has posted steady revenue growth in the first half as its chief executive officer Nickyl Raithatha prepares to step down.
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NewsLate Budget dampens Black Friday spending
Retailers missed out on a big Black Friday boost last month as pre-Budget jitters put a dampener on spending, the British Retail Consortium said.
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NewsRiver Island “seeing returns” on its restructuring plan
River Island lost nearly £125m in the year before it was rescued from the brink of collapse.
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NewsWaterstones boss says Budget business rate change will help high streets
Waterstones chief executive James Daunt has welcomed changes to business rates revealed in last week’s Budget.
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NewsOcado reveals cash payment from Kroger following scale-back of US business
Tech platform and online grocer Ocado has agreed compensation from US partner Kroger after the North American food giant decided to cut back the relationship.
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NewsBudget nerves and stormy weather hit November footfall
Rumoured tax rises in the Budget and stormy weather held many shoppers back from hitting the shops last month.
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NewsWickes staff celebrate £14m return on share scheme
Employees of DIY retailer Wickes have more than doubled the value of their investment in a company sharesave scheme that has just matured.