Latest finance news – Page 78
-
NewsAmazon sales increase to beat analyst forecasts
Amazon performed better than anticipated with a sharp rise in sales and income in the third quarter to September 30.
-
News‘Challenging’ market conditions hit Very Group results
The Very Group has posted its full-year results, showing relatively flat revenue and a mixed sales performance.
-
NewsBoohoo threatened with £100m lawsuit
Fast-fashion retailer Boohoo is facing a potential £100m lawsuit from investors after modern slavery allegations slashed more than £1bn from its value.
-
NewsVinted mulls £174m share sale
Lithuanian online marketplace Vinted is reportedly in talks about a sale of shares that could be worth more than €200m (£174m) in its bid to lead the sustainable fashion boom.
-
NewsScS posts ‘resilient’ results as current trading ‘toughens’
Profits at sofas retailer ScS edged down last year and the retailer reported that the trading environment has been harder in the first quarter of the new financial year.
-
NewsAsos delays results and confirms full-year loss
Online fashion specialist Asos has delayed its full-year results for a week.
-
NewsScS welcomes £99m takeover bid from Italian sofa retailer
ScS has agreed to a £99.4m approach from Italian sofa retailer Poltronesofà.
-
NewsWiggleCRC faces uncertain future as financial lifeline lost
WiggleCRC’s future is on the line after parent company Signa Holding, the co-owner of Selfridges, withdrew a financial lifeline.
-
NewsUnseasonably warm weather hurts September fashion sales
Unseasonably warm weather undermined clothing retailers’ sales in September, official data has shown.
-
NewsUK consumer confidence falls ahead of festive season
UK consumer confidence took a fall of nine points in October as the cost-of-living crisis continues to exert “acute pressure for many customers” ahead of the festive season.
-
NewsMatalan hails ‘strong’ quarter as revenue and profits rise
Matalan has reported an increase in revenue and profits during a “strong” second quarter for the retailer as it works to build a “stronger, more modern” business.
-
NewsDeliveroo holds firm on profit guidance as order numbers grow
Deliveroo has held its annual profit guidance after order numbers improved.
-
NewsDunelm sales rise as it targets more market share
Dunelm posted strong first-quarter sales growth as shoppers seek affordable ways to improve their homes.
-
NewsBusiness rates to increase £1.7bn in 2024
Retail businesses will have to find an extra £1.7bn next year to pay for business rates, in line with September’s 6.7% rate of inflation.
-
NewsAdidas increases profit guidance as Yeezy sales drive recovery
Adidas has increased its profit guidance for the full year ahead as it reported reduced losses in the third quarter helped by strong Yeezy sales.
-
NewsExclusive: Fenwick back in black after sale of Bond Street store
Department store group Fenwick has reported a return to profit, Retail Week can reveal.
-
NewsExclusive: New Look completes £100m refinancing
Fashion retailer New Look has successfully completed a £100m debt refinancing deal as it recorded a full-year loss before tax despite an increase in EBITDA and revenue.
-
NewsFrasers acquires German sportswear retailer
Frasers Group has entered a binding agreement to acquire German sports retailer SportScheck as it looks to “grow its presence in Germany, one of the biggest sports markets in Europe.”
-
NewsTHG recovery builds after a ‘best ever’ performance by MyProtein
THG, which owns brands including Lookfantastic, Cult Beauty and MyProtein, has posted a steady rise in revenue as it maintained its profit guidance for the year ahead.
-
NewsTHG explores taking MyProtein public in the US
THG, which owns Lookfantastic and Cult Beauty, is exploring plans to list MyProtein, its nutritional arm, in the US.