Latest finance news – Page 158
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NewsWatches of Switzerland profits rise despite Covid-19 impact
Watches of Switzerland has posted an increase in full-year profits despite the impact of the coronavirus crisis.
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NewsTrain companies seek government aid for station retail tenants
Britain’s train companies are lobbying the government to introduce rent cuts and payment holidays for retail tenants at their stations to help them through the coronavirus pandemic.
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NewsDr Martens’ profits climb as online sales soar
Footwear brand and retailer Dr Martens has posted a rise in annual sales and profits, helped by strong online growth.
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NewsJust Eat sales and earnings leap during lockdown
Food delivery service Just Eat as reported a surge in sales and earnings after the coronavirus outbreak spurred demand.
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NewsAsos profits to beat expectations as returns rate falls
Online fashion giant Asos expects sales and profits this year to come in “significantly ahead of market expectations”.
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NewsAshley’s Frasers Group delays results for second year in row
Tycoon Mike Ashley’s Frasers Group has put back publication of its annual results for the second year running.
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NewsZalando half-year profits rise spurred by new customer surge
Despite a “challenging trading environment”, Zalando has recorded a strong uplift in profits and gross merchandise volume in its first half.
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NewsDomino’s Pizza half-year profits slip despite sales rise
Domino’s Pizza’s profits dropped in the first half, as the takeaway retailer switched to delivery-only amid the coronavirus pandemic.
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NewsBusiness rates holiday extension vital to prevent mass exodus from West End
An extension beyond next April of the existing business rates holiday or a reduction of rates by at least half is the only thing that will stop hundreds of retailers deciding to quit the West End in September, according to the New West End Company (NWEC).
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NewsUK headed for autumn job losses as third of businesses expect cuts
One in three UK businesses expect to make job cuts by October, according to a new poll that shows the effects of the coronavirus on the economy are beginning to accelerate.
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NewsSuperdry takes out asset backed loan as sales slump due to coronavirus
Fashion retailer Superdry has opened a new asset backed lending (ABL) facility with its lenders as sales for the first quarter slumped due to the ongoing pandemic.
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NewsUber food delivery overtakes ride sharing during lockdown
Ride-sharing app Uber’s latest set of results show its nascent food delivery business has overtaken its taxi service as people around the world stayed at home during lockdown.
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NewsJigsaw to launch CVA as coronavirus hits sales
Fashion brand Jigsaw is reportedly planning to launch a CVA next week, becoming the latest high street casualty of the coronavirus crisis.
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NewsHammerson seeks to raise £825m as rental income plummets
Hammerson plans to raise £552m through fundraising and sell off £274m of assets, to counteract “the extraordinary disruption caused by Covid-19 on the retail property sector”.
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NewsJoules swings to a loss as coronavirus hammers sales
Joules plunged to a loss before tax in its full-year results, as chief executive Nick Jones cites ”challenging trading conditions” amid the coronavirus pandemic.
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NewsM&Co restructuring saves 2,200 jobs and 218 stores
Fashion retailer M&Co has completed a pre-pack administration deal, which saw it bought back by its Scottish owners the McGeoch family.
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NewsRiver Island mulls CVA as coronavirus hammers sales
River Island is the latest fashion retailer to consider undertaking a company voluntary arrangement due to the effects of the coronavirus on sales and store footfall.
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NewsCMA finally approves Amazon’s Deliveroo investment after 15-month investigation
The Competition and Markets Authority (CMA) has formally approved Amazon’s 16% investment in UK delivery app Deliveroo after a 15-month investigation.
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NewsM&Co to close 50 stores in pre-pack administration deal
M&Co is reportedly nearing a pre-pack administration deal which would see the chain sold back to its original owners.
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NewsDW Sports blames coronavirus closures for collapse into administration
Sportswear retailer and gym operator DW Sports has collapsed into administration putting some 1,700 jobs at risk across its estate.