Latest finance news – Page 11
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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.
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NewsRetail sales heat up as temperatures soar
The BRC-KPMG Sales Monitor, produced by the British Retail Consortium and KPMG, indicates that total retail sales in the UK have increased by 3.1% year on year in June, measured against a decline of 0.2% last year.
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NewsChancellor could raise business rates for department stores and supermarkets
Chancellor Rachel Reeves is reportedly planning to increase business rates for department stores and supermarkets in this year’s autumn Budget.
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NewsSpace NK close to being acquired by US beauty chain
UK high street retailer Space NK is close to being sold to a US-listed beauty chain, more than a year after bankers were first hired to auction the chain.
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NewsDr Martens holds firm on guidance despite ‘challenging’ UK market
Ahead of its annual general meeting, footwear retailer Dr Martens said it is trading “in line with expectations” so far during this financial year and confirmed that all guidance for the 2026 financial year remains unchanged.
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NewsThe Body Shop boss steps down after one year as successor is appointed
The Body Shop chief executive has stepped down following one year at the helm, with a new boss already lined up.
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NewsThe Cotswold Company sales rocket in ‘milestone year’
The Cotswold Company has posted record sales growth and has more than doubled profits in what it described as a “milestone year” for the business.
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NewsSecret Sales acquires new brands to accelerate European growth
Off-price fashion and beauty marketplace Secret Sales has acquired two Dutch brands as it aims to expand its presence across Europe, Retail Week can reveal.
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NewsShein puts pressure on UK as it files for IPO in Hong Kong
Shein has reportedly filed for an initial public offering (IPO) in Hong Kong as it puts pressure on UK regulators to approve its London listing.
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NewsMaternitywear brand Seraphine enters administration
Maternitywear retailer Seraphine has entered administration, with the majority of its 95 staff being made redundant.
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NewsFootasylum hails ‘standout’ year as profits and sales surge amid ongoing growth
Sportswear retailer Footasylum has hailed the success of its “standout performance” for the full year as profits and sales surged amid the retailer’s ongoing growth trajectory.
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NewsApple’s corporation tax surges following £1bn profit milestone
American tech group Apple has seen its corporation tax in the UK surge after it exceeds £1bn in profits.
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NewsBensons for Beds reports losses but its on track for ‘significantly improved’ performance
Bensons for Beds has reported a loss as it continues to battle “market headwinds and inflationary cost pressures”.
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NewsFrasers Group bags ‘substantial’ increase to credit facility
Frasers Group has entered into a new term loan and revolving credit facility, bolstering its existing financing facilities to fuel future growth.
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NewsWatches of Switzerland surpasses $1bn in US sales
Its fast-growing US business has helped drive record revenues at the British hard luxury retailer.
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NewsCurrys results show “strongest balance sheet in a decade”
The electricals retailer reported £162m in group adjusted profit before tax in the year ended May 3, 2025, a 37% increase year on year.
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NewsSuperdrug profits rise as sales grow across stores and online
Health and beauty retailer Superdrug has reported a rise in profit accompanied by a growth in sales across stores and online channels.
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NewsTrade customers power Topps Tiles revival
Topps Tiles has hailed its “strong trading momentum” and improving sales across the business, as its turnaround efforts gather pace.