Latest finance news – Page 104
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NewsDunelm pledges to ‘make every pound count’ as profits and sales climb
Dunelm has recorded an uplift in both profits and sales, gaining market share from homewares competitors.
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NewsNext pulls out of Joules takeover talks as founder Tom Joule returns
Joules has confirmed that discussions with Next to take an equity stake in its business have come to an end.
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NewsSainsbury’s ploughs £20m into ‘unprecedented’ autumn pay rise as cost of living mounts
Sainsbury’s is putting £20m into a fresh pay rise for staff “to support them with rising household costs”.
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NewsHotel Chocolat closes US website as it pulls out of country to focus on UK
Hotel Chocolat has closed its US website months after closing stores in the region to focus instead on its home market
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NewsReiss swings into the black with record profits and sales
Reiss has reported record sales and profits for the year to January 2022, despite its stores being closed for the first 10 weeks of the year
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NewsWilko moves to monthly rent payments to manage cash flow
Wilko has shifted to monthly rental payments in a bid to conserve cash heading into the crucial golden quarter.
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NewsMorrisons eyes ‘swift conclusion’ to McColl’s acquisition following CMA investigation
Morrisons has welcomed the Competition and Markets Authority (CMA) finding that only a small number of local areas could face competition concerns from its acquisition of former convenience store chain McColl’s.
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NewsPrimark sales spike as it readies click-and-collect Christmas launch
Primark parent Associated British Foods (ABF) said the fashion operator’s full-year UK sales would approach pre-Covid levels in a pre-close update
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NewsWHSmith hails ‘strong’ trading as travel retail rebounds
WHSmith has posted a surge in sales as the performance of its travel division outstripped pre-Covid levels.
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NewsHalfords sales rise driven by uptick in motoring and services
Halfords registered an uptick in sales as it drops prices on essentials to help the cost of living crisis.
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NewsBoots launches ‘Everyday’ value range to combat cost-of-living concerns
Boots has launched a new value range to help consumers tackle the rising cost of living.
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NewsMatalan hunts for buyer as Joules credit insurer pulls cover
Matalan has hoisted the ‘for sale’ sign as the value fashion firm grapples with inflationary pressures.
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NewsDiscount grocery start-up Motatos raises £33m for UK expansion
Sweden-based discount ecommerce grocer Motatos has raised £33m in its latest round of seed funding with plans to expand its operations in the UK and Germany.
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NewsEG Group profits slump as cost of living and inflation take their toll
EG Group profits for the second quarter slumped, despite surging sales, as the cost-of-living crisis and inflationary environment took their toll.
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NewsTruss plans to cut business rates in face of energy crisis
Conservative leadership candidate Liz Truss has been in talks with industry lobbyists over plans to slash business rates
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NewsAsda seals £438m deal for Co-op’s petrol forecourt business
Asda has confirmed plans to buy the Co-op’s portfolio of 132 petrol station forecourts in a £438m deal.
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NewsShop prices hit record high as retail urges new prime minister to ease cost burden
Shop prices have hit a new record high as retailers struggle to shoulder the burden of mounting cost pressures.
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NewsRevolution Beauty share trading suspended as results delayed
Trading in shares of AIM-listed Revolution Beauty is to be suspended this week
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NewsNext investment in Joules in doubt following profit warning
A potential investment by Next in embattled fashion retailer Joules may not go ahead in the wake of the latter’s most recent profit warning
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NewsUpdated: Asda frontrunner to buy Co-op forecourts business
The Co-op is in talks to offload its forecourts business for about £450m to cut debt and improve its balance sheet.