Latest finance news – Page 6
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NewsGreggs profits and sales on a roll in ‘record’ year
Greggs has posted booming profits and sales as market share reached an “all-time high” and the food-to-go retailer maintained its guidance for the 2024 financial year.
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NewsBRC urges chancellor to set new business rates at lower inflation levels
BRC and four other trading bodies have written to the Chancellor ahead of the spring budget urging him to align business rates rise with April inflation rates – currently at 2%.
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NewsFrasers buys Wiggle out of administration
Frasers Group has snapped up cycling retailer Wiggle, acquiring the brand and intellectual property after the business fell into administration in October last year.
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NewsThe Body Shop administrators investigate missing millions
The Body Shop’s administrators are investigating claims of millions of unaccounted funds that were taken out of the business before its collapse.
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NewsOxford Street revamp set to deliver £2.8bn in additional sales by 2033
The new £90m Oxford Street programme is expected to drive 5% to 10% in sales growth per year to potentially reach £2.8bn in additional sales between 2027 and 2033, according to the New West End Company.
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NewsSuperdry buyout deadline extended for Dunkerton
The deadline for Superdry co-founder Julian Dunkerton to make an offer for the retailer has been extended till the end of March.
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NewsThe Body Shop: full list of store closures
The Body Shop will be closing 75 stores in a phased process over the coming weeks cutting its store footprint to nearly half in the country.
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NewsThe Body Shop to shut 75 UK stores and cut more jobs
The Body Shop will shut a further 75 stores resulting in nearly 500 job losses over the coming weeks as administrators take measures to restructure the UK business.
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NewsFootasylum sales rise across all channels in year of ‘record growth’
Footasylum has posted sales growth across all business channels as it marks another year of “record growth”.
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NewsHomebase reports heavy losses but on track for profitable 2024
Poor weather and consumer caution left Homebase with heavy losses last year, but the group says it is on track to deliver double-digit profits in 2024.
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NewsHammerson reports growth in footfall as rental income increases
Hammerson, which owns and operates shopping centres including Brent Cross in London, posted a rise in rental income as occupancy and footfall increased in the full year ending December 2023.
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NewsOcado loses remain despite sales rise
Pureplay grocery retailer Ocado has posted sales growth as its retail business returned to profit for the full year ending December 2023.
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NewsVery Group secures fresh funding as it records half-year loss
The Very Group has secured a £125m funding package as it swings to a half-year loss due to “higher interest costs”.
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NewsTDR snaps up Jollyes and Andy Bond comes in as chair
Private equity group TDR Capital has acquired a majority stake in specialist pet retailer Jollyes and former Asda boss Andy Bond has been appointed chair.
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NewsHalfords warns on profits after hits from weather and consumer confidence
Halfords has slashed earnings expectations after its main markets − cycling and motoring − were battered.
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NewsChancellor met Shein boss over potential London IPO
Chancellor Jeremy Hunt held talks with Shein boss Donald Tang to try to persuade the Chinese fast-fashion giant to float on the London Stock Exchange.
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NewsCurrys rejects second takeover proposal from Elliott Advisors
Currys has rejected a second takeover proposal from US investment firm Elliott Advisors because its increased offer still undervalues the company.
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NewsGrocery inflation falls to lowest levels in nearly two years
Grocery price inflation fell to 5.3% in February, the lowest rate seen since March 2022, although value remains a priority for shoppers.
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NewsHomebase owner sounds out The Range and B&M over potential sale
Homebase could soon be sold since its owner has held talks with a number of potential buyers.
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NewsNext approaches administrator in potential deal for Body Shop assets
Next has contacted the administrator in charge of The Body Shop, FRP Advisory, about a potential deal to acquire certain assets of the embattled retailer.