Latest finance news – Page 13
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NewsMorrisons profits and revenues up as grocer ‘bounced back strongly’ from cyber attack
Morrisons has reported increases in profits and revenues for the second quarter, as it “bounced back strongly” from the cyber attack which threatened its Christmas trading.
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NewsCo-op secures new £350m lending agreement
The Co-op has today announced a new £350m lending agreement with six major banks, which it says reflects “strong market confidence” in the retailer.
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NewsFrasers pulls out of deal for Revolution Beauty
Frasers has pulled out of the deal for struggling cosmetics brand Revolution Beauty.
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NewsMinimum wage rises and improving Gen Z outlook drive strengthening consumer sentiment
A rise in minimum wages has buoyed consumer sentiment, with the financial outlook for Gen Z customers in particular improving.
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NewsMatalan improves profitability as turnaround gets underway
Matalan has improved underlying profitability but its executive chair has said there’s “more work to do” as it accelerates its transformation.
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NewsMarks & Spencer locks down school uniform prices
Marks & Spencer has kept the lid on school uniform prices for the fifth year in a row.
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NewsAO profits surge as membership scheme boosts performance
Online electricals specialist AO.com has reported increased annual sales and profits, helped by a raft of initiatives.
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NewsPoundland outlines restructuring plan to kick-start turnaround
Value specialist Poundland intends to make sweeping changes to its business as it seeks to recover following poor trading.
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NewsAsos promotes from within as it names new chief financial officer
The ecommerce retailer announced that Aaron Izzard would take the role at the beginning of July.
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NewsPoundland to 'halt rent payments' at hundreds of stores
Poundland is set to stop paying rent at 250 of its shops if a mooted restructuring plan gets the nod from creditors, according to reports.
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NewsBiggest retailers face £600m tax rise as rates reform hits
Britain’s largest supermarkets and West End shops face being hit hardest by a £600m surge in property taxes next year, according to new analysis.
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NewsInvestment firm acquires stake in WHSmith following high street sale
An activist investment firm has started to build a stake in WHSmith after it sold off its high street arm to Modella Capital.
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NewsJohn Lewis’ great-grandson leaves Oak Furnitureland
Patrick Lewis, great-grandson of the founder of department store chain John Lewis, has left Oak Furnitureland after one year as its finance boss.
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NewsUK retail footfall takes ‘disappointing turn’ during the start of summer
Retail footfall in the UK has taken a “disappointing turn” during the beginning of summer despite a more promising start to the year.
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NewsThousands of former Wilko staff to receive £2m payout following legal case
Almost 10,000 former Wilko workers will receive a share of £2m following a legal case.
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NewsPoundland sale confirmed with £80m financing package
Poundland has been sold by owner Pepco in a deal that will see the retailer secure an £80m cash injection to fund its turnaround.
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NewsRevolution Beauty evaluating proposals from “number of parties” in sales process
Revolution is currently evaluating offers for its sale, with proposals for the value cosmetics group coming from a “number of parties”.
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NewsReserved-owner LPP sees profits jump
Poland’s biggest fashion retailer, LPP has posted a strong uplift in profits for its first quarter.
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NewsTesco sales and market share climb in first quarter
Grocery leader Tesco has posted strong like-for-like sales growth and market share gains in its first quarter results.
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NewsPoundland owner inching closer to sale of discounter
Pepco is inching closer to agreeing a sale of discount chain Poundland, with a deal expected to be announced as soon as this week.