Latest finance news – Page 16
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NewsThe Range hails ‘exceptional start’ to 2025 as it completes first phase of Homebase conversions
The Range said it has celebrated an “exceptional” start to the year and has completed the first phase of its former Homebase store conversions.
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NewsWatches of Switzerland to hit expectations as sales rise
Watches of Switzerland returned to growth in crucial markets in its second half and will meet full-year profit expectations.
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NewsB&M appoints new chief executive with transformation track record
Value retailer B&M has named a new chief executive.
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NewsFurniture retailer MFI to return nearly two decades after its collapse
Once household furniture brand MFI is set to make a surprise comeback to the UK high street, nearly two decades after it collapsed into administration.
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NewsBurberry sees sales improvement following ‘intervention’
Burberry has reported that its “intervention to reset the brand” has resulted in a sales improvement in the second half.
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NewsWickes hails ‘strong start’ to the year as warm weather drives sales
Wickes has said the business has seen “good growth momentum” in the first quarter of the year, as the warm weather drove sales growth.
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NewsRevolution Beauty trims profit forecast but points to green shoots of recovery
Revolution Beauty has again trimmed its profit forecast for the 2025 financial year but has pointed to green shoots of recovery in current trading and future outlook.
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NewsRetail sales boosted by sunny weather and Easter holidays
UK total retail sales soared in April as a mixture of sunny weather and a later Easter holiday saw customers spending big during the period.
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NewsDunelm opens first branded store in Ireland
Dunelm is relaunching its Carrickmines store, marking the first time ‘Dunelm’ is above the door of a store in the Republic of Ireland.
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NewsDebenhams Group in discussions over debt refinancing deal
Debenhams Group, formerly the Boohoo Group, is reportedly in discussions over a debt refinancing package worth as much as £175m.
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NewsLuxe Collective founder says ‘we’ve finally been defeated’ as brand closes down
In a post on LinkedIn Luxe Collective co-founder and chief executive Ben Gallagher has confirmed the closure of the business after seven years of operation.
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NewsDigital Services Tax survives UK-US trade agreement
The 2% tax on US tech giants for UK revenues will remain in place as the countries work on a digital trade deal, the government said.
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NewsMothercare sales and profits fall as uncertainty grips key Middle East markets
Mothercare has reported falling sales and profits, blaming the “continued impact of the uncertainty in the Middle East” on its franchise partner.
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NewsNext upgrades profit guidance after ‘better than expected’ first quarter
Next has upgraded its profit before tax guidance for the full year, after warmer weather led to a “better than expected” first quarter of trading.
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NewsCard Factory boss: American expansion represents ‘a £60bn opportunity for us’
Card Factory chief executive Darcy Willson-Rymer says its expansion into the United States represents a potentially “£60bn opportunity for us”.
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NewsCard Factory sales and profits surge thanks to store expansion and growing proposition
Cards and gifts specialist Card Factory has “outperformed” the market as sales and profits for the full year surged thanks to growing store estate and product category evolution.
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NewsSkechers to be taken private in bumper buyout deal
Footwear retailer Skechers is set to be taken private as it agrees acquistion by private equity investment firm 3G Capital.
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NewsZalando maintains guidance following surge in first quarter profits and sales
Online fashion giant Zalando has maintained its full year guidance despite ongoing turbulence within the “geopolitical and macroeconomic environment” as first quarter profits and sales surged.
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NewsWHSmith buyer restricted from immediate store closures
The new owner of WHSmith’s high street stores cannot initiate widespread closures for at least 12 months, despite planning rapid restructuring at its other retail properties.
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NewsConsumer confidence in Marks & Spencer dented by cyber attack
The cyber attack on Marks & Spencer has knocked confidence in the famous retailer, but underlying trust remains strong.