Latest finance news – Page 101
-
NewsConsumer price inflation peaks as food prices soar
Consumer prices soared in the 12 months to September, driven by rising food and beverage prices.
-
NewsNew Asos boss lays out 12-month turnaround plan as it swings to loss
Asos swung into the red as it struggled against an “incredibly challenging economic environment”.
-
NewsExclusive: Fenwick sales rise and losses slashed after weaning itself off ‘discounts drug’
Department store business Fenwick increased sales and cut losses last year as it turned pandemic challenges into opportunities by changing its business model.
-
NewsFrasers’ MySale offer goes unconditional as share threshold crossed
Frasers Group’s offer for online retailer MySale has gone unconditional after passing the 50% control threshold.
-
NewsThe Hut founder Moulding adds to stake as SoftBank bails out
Matt Moulding has increased his shareholding in THG – formerly The Hut – after investor SoftBank unloaded its shares at below the etailer’s IPO valuation.
-
NewsBensons for Beds rescues Eve Sleep out of administration
Embattled mattress retailer Eve Sleep has been rescued out of administration by Bensons for Beds.
-
NewsGovernment U-turn on VAT-free shopping is ‘hammer blow’ for UK retail
UK retail representative bodies have called the government’s decision to roll back promised VAT-free shopping a “hammer blow” for an industry still struggling to recover fully from the pandemic.
-
NewsAsos in 'final stages' of agreeing new financial covenants to avert cash-flow crisis
Pureplay fashion retailer Asos is in the “final stages” of agreeing new financial covenants in its revolving credit facility, following media speculation that one of its major insurers had cut cover.
-
NewsEve Sleep abandons sale process and appoints administrators
Mattress-in-a-box brand Eve Sleep has drafted in administrators after abandoning its bid to find a buyer to turn around its fortunes.
-
NewsExclusive: Ikea raises prices by up to 80% as manufacturing costs bite
Ikea has hiked furniture prices by up to 80% since last year, an investigation by Retail Week has found.
-
NewsRevolution Beauty CEO and chair stand down during audit investigation
The chief executive and executive chair of Revolution Beauty will both stand down from their posts for the duration of the independent investigation into audit failures at the retailer.
-
NewsUS grocery giant Kroger in talks to buy rival Albertsons
America’s largest supermarket operator Kroger is in talks to buy rival Albertsons, with a deal expected to be announced as soon as early as today.
-
NewsBoots sales recovery driven by flagship and travel stores
Boots sales recovered in the three months to August as customers flocked to flagship locations and travel stores.
-
NewsSuperdrug freezes prices on 5,000 branded cosmetics
Superdrug has promised to freeze prices on 5,000 branded beauty products to help shoppers cope with rising inflation.
-
NewsMarks & Spencer speeds up store churn programme
Marks & Spencer is to accelerate its churn of space, including store closures, as part of a ‘reshape for growth’ strategy.
-
NewsJD Sports chief financial officer to step down
JD Sports chief financial officer Neil Greenhalgh is to leave the retailer next year.
-
NewsDiscounter Pepco targets new store openings as customers fly to value
Poundland owner Pepco has said it will accelerate its new store opening programme as demand for its offering increases amid global economic uncertainty.
-
NewsFrasers Group snaps up stake in N Brown
Sports Direct owner Frasers Group has snapped up a stake in N Brown, the pureplay retailer behind brands such as Jacamo and JD Williams.
-
NewsScS profits soar ‘ahead of expectations’ as sales reach record highs
ScS has reported record sales figures in the first full year of its new strategy.
-
NewsSuper-fast delivery merger on the cards as Getir looks to buy Gorillas
Super-fast delivery start-up Getir is in advanced talks to acquire competitor Gorillas.