Latest finance news – Page 10
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NewsDebenhams “close” to refinancing deal with past department store funder
Debenhams Group is in advanced talks about securing a £175m refinancing package with one of the companies behind the 2003 delisting of the former department store potentially involved, according to a Sky News report.
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NewsWickes sees strong growth as shoppers seek timber and garden fixes
The DIY and home improvement business saw like-for-like retail revenue growth of 6.4% in the six months ending June 28, 2025 vs the year before
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NewsConsumer confidence falls as rising inflation dampens spirits
Consumer sentiment across the UK has fallen in July, as rising inflation puts pressure on shoppers’ finances, according to data from the BRC-Opinium.
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NewsEvri posts record results and parcel volumes following investment
Parcel delivery company Evri has posted a set of record results and parcel volumes after it invested millions to improve service, new clients and growth.
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NewsThe Works profits jump as cost saving measures kick in
The Works has reported a jump in profits, despite total sales slipping, as it managed to offset financial headwinds through cost saving and improved margins.
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NewsHilco ponders pounce on troubled Claire’s
Hilco, the investment business which recently bought Lakeland, is considering an offer for the UK arm of embattled Claire’s.
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NewsRetailers warn chancellor tax rises would push up food prices
Any tax rises on retailers in the October Budget would send food prices higher in the run-up to Christmas and threaten high streets’ health, chancellor Rachel Reeves has been warned.
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NewsRetailer profit warnings speed up in May to June
UK-listed retailers issued seven profit warnings during the second quarter of 2025, double the amount seen in the first three months of the year.
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NewsBurberry sees ‘uptick in brand desirability’ but says turnaround is still in early stages
Burberry has seen sales improve and reports more people are coveting the brand, but says it’s still in the early stages of its transformation.
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NewsConsumers to spend big during women’s Euro quarterfinals
Brits are expected to splurge in retail stores as football fever takes over and England’s women gear up to play Sweden in the Euro 2025 quarterfinals.
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NewsFrasers CFO: Business rates hike could scupper future store opening plans
Frasers are still “working hard to mitigate the £50m-plus” of extra costs from last year’s Budget, but its CFO is expecting more pain to come in the autumn.
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NewsMango sales surge despite ‘uncertain macroeconomic and geopolitical environment’
Mango has reported surging sales in the first half of the financial year, despite what boss Toni Ruiz described as the continuingly “uncertain sectorial, macroeconomic and geopolitical environment”.
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NewsMorrisons shaves down debt through further refinancing
Morrisons has today announced it has completed its recent refinancing exercise, paying down or agreeing additional loan terms on over £2bn of debt.
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NewsDFS to beat guidance following ‘strong trading’
Sofas specialist DFS expects annual profits to come in “slightly above the top end of guidance” on the back of trading momentum and cost control.
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NewsDunelm strikes bullish tone as sales rise
Homewares specialist Dunelm has generated a rise in fourth-quarter and full-year sales and said it will “not stand still” in a tough trading environment.
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NewsOcado reports earnings growth as it prioritises ‘turning cashflow-positive’
Technology and online grocery group Ocado has posted a surge in first-half earnings and is focused on becoming cashflow-positive next year.
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NewsFrasers Group profits rise but Budget costs pose challenge
Frasers Group has reported an increase in annual profits but earnings in the new financial year may be slightly different as the retailer confronts extra costs.
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NewsUK inflation climbs unexpectedly as pressure mounts on chancellor
UK inflation unexpectedly rose in June, according to the latest figures, mounting further pressure on chancellor Rachel Reeves.
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NewsSosandar: M&S cyber-attack blackout cost us £800,000 in lost sales
The cyber-attack on Marks & Spencer and subsequent ecommerce website blackout cost fashion partner Sosandar £800,000 in revenue.
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NewsSosandar moderates growth expectations due to M&S cyber incident
The fashion retailer says that lower revenue through M&S and a decision to halt new store openings means they are taking a “prudent view” and cutting sales expectations for this year by £2.6m.