All City & finance articles – Page 227
-
NewsWhistles losses shrink but sales remain flat
Whistles has reported shrinking losses on flat sales during its first year under new ownership.
-
NewsPoundland owner Steinhoff downgraded amid debt concerns
Poundland owner Steinhoff has been rocked by another downgrade by credit ratings agency Moody’s amid fears the conglomerate may struggle to “sustain its European operations”.
-
NewsDFS snaps up stores from collapsed rival Multiyork
DFS has swooped on a number of collapsed rival Multiyork’s stores and acquired the rights to its brand name and product designs.
-
NewsConsumer confidence dips to four-year low in December
Consumer confidence continued its downward spiral this month, hitting the lowest point this year and marking the lowest-scoring December since 2013.
-
OpinionOpinion: A CVA won’t save Toys R Us – it must save itself
Tomorrow, Toys R Us will plead with its creditors to approve a corporate voluntary arrangement.
-
NewsCreditors abandon Steinhoff as crisis deepens
Steinhoff International— the parent company of Poundland, Harvey’s and Bensons for Beds in the UK — has started to lose credit lines from lenders as it grapples with an accounting scandal.
-
NewsSteinhoff-owned Bensons and Harvey's credit insurance cut
Bensons for Beds and Harvey’s credit cover has been cut in the wake of parent company Steinhoff’s accounting scandal, Retail Week can reveal.
-
NewsIkea faces European Commission tax investigation
The European Commission has launched an “in-depth investigation” into furniture giant Ikea’s tax affairs.
-
NewsPoundland seeks to reassure staff as Steinhoff reels
Poundland has sent a statement to its employees insisting that despite its credit cover being downgraded it expects “no impact on the business in terms of supply”.
-
NewsUpdated: Toys R Us CVA could be blocked by pension fund
The Pension Protection Fund (PPF) is demanding a £9m payment into Toys R Us’ UK pension scheme to win its backing for its proposed restructure.
-
AnalysisFive things we learnt: Dixons Carphone’s profit slump
Dixons Carphone’s mobile phones business took a hit in its first half, culminating in group pre-tax profits plunging 70%.
-
NewsSteinhoff chairman Wiese quits amid accounting scandal
Steinhoff chairman Christo Wiese has stepped down from the role in the wake of the group’s accounting scandal.
-
NewsSports Direct profits plunge exacerbated by UK sales dip
Sports Direct has posted a drop in interim profits despite what boss Mike Ashley describes as a “spectacular trading performance” across its flagship stores.
-
NewsSports Direct investors block Ashley’s brother’s £11m
Sports Direct’s investors have blocked a proposed £11m payout to the brother of majority shareholder and founder Mike Ashley.
-
NewsHouseholds squeezed as inflation hits six-year high
The squeeze on household income intensified in November, when inflation hit a six-year high.
-
NewsDixons Carphone profits slashed despite sales rise
Dixons Carphone has reported plummeting profits despite sales inching up in its half-year.
-
NewsWestfield snapped up by Unibail-Rodamco for $25bn
French giant Unibail-Rodamco has agreed to buy Westfield for $24.7bn, marking the biggest takeover of an Australian company on record.
-
NewsJoules sales jump as expansion continues apace
Joules has unveiled a near 20% sales jump in its first half as the retailer continues to expand across all its markets.
-
NewsCarpetright warns on profits as tough market bites
Carpetright has warned that full-year profits will come towards the bottom end of market expectations as tough trading conditions continued.
-
OpinionOpinion: A cracker for grocers, turkey for the rest?
’Tis the season to be jolly, but it might only be the grocery retailers bringing good tidings from the industry this Christmas.