Latest finance news – Page 8
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NewsMonsoon Accessorize returns to profit despite ‘tough consumer climate’
Adena Brands, parent company of Monsoon Accessorize, reported a “significant improvement” in trading and a return to profit.
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NewsChancellor delays axing of de minimis rule
Chancellor Rachel Reeves is reportedly not scrapping the de minimis rule in this week’s Budget, but plans to in 2029.
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NewsWatchdog considering investigation into WHSmith profit overstatement
The UK accounting regulator is considering whether to launch a formal investigation into PwC’s auditing of WHSmith following a £30m profit overstatement in its North American division.
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NewsAsos posts full-year earnings rise despite sales fall
Online fashion retailer Asos is “ready to reclaim our place as the most exciting destination for fashion-loving customers” after reporting an improved financial performance.
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NewsConsumer confidence falls ahead of imminent Budget
Consumer confidence has dipped as shoppers await the imminent Budget on November 26.
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NewsWalmart to move share listing to Nasdaq in reflection of importance of tech
Retail giant Walmart is to move its share listing from the New York Stock Exchange to Nasdaq.
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NewsCo-op unveils new investment commitment to create thousands of new apprenticeships
The Co-op has committed to investing £70m to creating 7,000 new apprenticeships at the retailer by 2030, which it said will open doors for “underrepresented groups”.
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NewsAsda agrees sale and leaseback arrangement for stores and depot
The grocer has today [November 20] announced it has reached a £568m sale and leaseback agreement with two separate investment firms.
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NewsDr Martens sees full-price and DTC sales improve
Dr. Martens has posted an improved sales performance in the first half as its new strategy beds in, driving more full-price and direct-to-consumer sales.
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NewsJD Sports warns unemployment and volatile sentiment could impact sales
JD has warned markets that its profits will be among the lower end of market expectations due to rising unemployment and volatile customer sentiment among its core demographic.
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NewsHobbycraft reports ‘strong trading’ after loss-making year
Specialist retailer Hobbycraft is now in a position to “prosper” after previously suffering a fall in annual earnings, Retail Week can reveal.
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NewsConsumer confidence tumbles amid Budget fears
Consumer confidence took a tumble this month amid growing speculation about possible tax rises in the upcoming Budget, the British Retail Consortium reported.
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NewsModella sets out plans to make TGJones ‘hub of the high street’
TGJones and owner Modella Capital have set out their plans to expand the retailer to over 500-stores across the country in a call with landlords today [November 19], Retail Week can reveal.
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NewsMulberry cuts losses as turnaround strategy beds in
Mulberry’s half-year report showed the retailer had slashed its losses despite a dip in revenue as it continues its turnaround plan: “Back to The Mulberry Spirit”
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NewsWHSmith boss resigns following accounting investigation
WHSmith group chief executive Carl Cowling has stepped down from his role after an accounting investigation.
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NewsOcado shares tumble following Kroger fulfilment centre closures
Ocado shares dropped around 16% on Tuesday after US partner Kroger announced the closure of three warehouses.
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NewsVagabond Wines launches direct-to-consumer online platform
Vagabond Wines has launched a new direct-to-consumer platform, offering nationwide, next-day delivery for customers.
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NewsBuy It Direct CEO hits out at CMA approach to investigation
Nick Glynne, chief executive of Appliances Direct owner Buy It Direct, has said the Competition and Markets Authority “is wrong to name our business without giving us sufficient time to respond” to its latest investigation.
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NewsSuperdry appoints new CFO
Superdry has appointed Nic Shaw as its new chief financial officer, strengthening its leadership team as it enters the next phase of its turnaround strategy.
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NewsBoots completes acquisition of diagnostics firm to expand private testing
Boots has completed the acquisition of an at-home healthcare and wellness test company as it looks to expand its private testing and diagnostics offer.