Latest finance news – Page 14
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NewsUK retail sales slow as consumers put the brakes on discretionary spending
UK retail spending growth slowed to a crawl in May casting doubt on the strength of consumer resilience heading into the summer.
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NewsFrasers Group offers Debenhams cash injection as Ashley demands meeting with chair
Frasers Group is reportedly looking to tighten its grip on Debenhams, formerly Boohoo Group, with an offer of a cash injection to the retailer, which is going through debt refinancing talks.
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NewsPoundland eyes rent cuts in bid to save on costs
Struggling value player Poundland is reportedly mulling plans to force through steep rent cuts on its properties in a bid to slash mounting costs.
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NewsJohn Lewis to shrink senior staff committee as part of turnaround strategy
The John Lewis Partnership is set to shrink its most senior staff committee down as it looks to press on with its ongoing turnaround efforts.
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NewsRevolution Beauty confirms takeover interest from Frasers Group
Frasers Group is among the businesses interested in taking over cosmetics firm Revolution Beauty.
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NewsRiver Island stores at risk as it draws up rescue plan
Advisers from PwC have been brought in to help devise a rescue plan for River Island, it has been reported.
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NewsFlying Tiger revenue rises in ‘another year of change and growth’
Danish variety retailer Flying Tiger has recorded a rise in revenue as it saw “another year of change and growth”.
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NewsMarks Electrical finance boss steps down
Marks Electrical’s chief financial officer is set to leave after four years with the business.
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NewsWickes secures spot on FTSE 250
Wickes’ strong first quarter has won it a spot on the FTSE 250 after its reshuffle.
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NewsHomeware specialist Dusk posts record-breaking growth
Dusk has celebrated its “strongest year yet”, with year-on-year growth soaring by more than 50%.
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NewsDr Martens pledges return to growth despite profit and sales slump
Dr Martens has upped its profit guidance for FY26 after it “brought stability back” to the business despite profits and sales continuing to fall in the full year.
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NewsConsumer confidence has not recovered since Brexit vote, says Barclays
Despite the dent in consumer confidence, Brits have continued to make room for discretionary spending priorities, with travel and beauty continuing to rise in recent years.
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NewsWHSmith ‘well positioned’ for summer peak as sales increase across travel
Global travel retailer WHSmith said it is “well positioned” for its peak summer period as travel sales continue to increase.
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NewsB&M performs ‘below expectations’ as UK like-for-like sales decline
Value retailer B&M has recorded a dip in UK like-for-like sales as it said the group’s performance fell “below expectations”.
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NewsSainsbury’s boss Simon Robert’s pay tops £5m
Sainsbury’s chief executive Simon Robert’s pay surged to more than £5m in the latest financial year, according to the retailer’s latest annual report.
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NewsNew owner for Northern Ireland shopping centre near Belfast
Property firm NewRiver announced that it had sold the Abbey Centre in Newtownabbey to the Herbert Group of Companies.
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NewsM&S CEO Stuart Machin sees pay reach £7m pre cyber attack
The chief executive’s pay package increased by nearly 40% in the last financial year, according to the retailer’s latest annual report.
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NewsWeird Fish sales and profits ‘exceed expectations’ in first quarter
Sales and profits at Weird Fish surged during the first quarter, “exceeding trading expectations” amid the British fashion retailer’s ongoing growth strategy.
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NewsShein switches IPO focus to Hong Kong from London
Fast-fashion powerhouse Shein is likely to seek a listing in Hong Kong instead of London.
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NewsTemu owner sees profits drop off the back of US tariff troubles
Temu owner PDD Holdings has reported a steep drop in profits off the back of higher tariffs imposed by US President Donald Trump.