Latest finance news – Page 165
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NewsAudit watchdog ends probe into Tesco’s £326m accounting scandal
The audit watchdog has closed its investigation into Tesco almost six years on from its accounting scandal.
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NewsMalcolm Walker takes full ownership of Iceland in £115m deal
The founder and chief executive of Iceland has taken full ownership of the retailer after buying out the remaining stake of external investor Brait.
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NewsTapi Carpets backers invest £16m as it eyes route to profitability
Tapi Carpets has secured £16m in new investment and set out its ambitions to become profitable within 18 months.
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NewsIntu puts administrators on standby ahead of crunch financing talks
Beleaguered shopping centre operator Intu has put KPMG on standby ahead of a fortnight of negotiations with lenders.
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NewsVictoria’s Secret UK division tumbles into administration
Victoria’s Secret’s UK arm has fallen into administration, putting nearly 800 jobs at risk.
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NewsSpanish giant snaps up Charlotte Tilbury makeup empire
Barcelona-based fashion and fragrance company Puig has snapped up Charlotte Tilbury in a deal that could have valued the company at up to £1bn.
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NewsCoronavirus: Debenhams to reopen 50 stores from June 15
Embattled department store chain Debenhams has announced it will reopen 50 stores across England on June 15, following the closure of its estate due to the ongoing coronavirus pandemic.
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NewsConsumer confidence tumbles with ‘no sign of bounce-back’
Consumer confidence fell further at the end of May as uncertainty surrounding the post-lockdown economy continued to swirl.
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NewsGrocers urge CMA to block Amazon-Deliveroo deal
Retailers are ratcheting up the pressure on competition authorities to block Amazon’s investment in Deliveroo, just days before a final verdict on the deal is due.
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NewsJobs saved as ‘substantial’ part of Oddbins bought out of administration
More than half of off licence chain Oddbins stores will remain open after the retailer was bought out of administration by an unknown bidder.
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NewsAngling Direct swings to loss and blames winter flooding and store acquisitions
Specialist retailer Angling Direct reported a net loss before tax for the last financial year, which it blamed on new store acquisitions and a disappointing post-Christmas trading period.
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NewsTed Baker founder Kelvin halves stake in fundraising bid
Ted Baker’s founder Ray Kelvin has slashed his stake in the business by 55% as investment firm Toscafund surpasses him as the company’s largest shareholder.
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NewsCard Factory full-year profits fall as it prepares for phased reopening
Card Factory has reported a drop in its full-year profits despite an increase in sales in a “challenging” year.
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NewsAldo falls into administration amid coronavirus troubles
The UK division of Canadian footwear specialist Aldo has collapsed into administration, blaming its travails on the impact of the coronavirus pandemic.
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NewsTed Baker launches fundraising to drive recovery after profits collapse
Ted Baker has reported a plunge into loss last year and unveiled a fundraising to enable a return to growth.
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NewsEve Sleep hails ‘improving trading’ patterns despite lockdown
Eve Sleep has hailed “improving trading” patterns during April and May following initial “disruption” sparked by the coronavirus crisis.
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NewsB&M sales surge as DIY and gardening demand spikes in lockdown
B&M has posted a jump in sales during lockdown, driven by “exceptionally strong” performance in grocery, DIY and gardening categories.
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NewsMonsoon Accessorize teeters on brink putting 3,500 jobs at risk
Monsoon Accessorize is on the brink of becoming the latest retailer to tumble into administration amid the coronavirus crisis, putting 3,500 jobs at risk.
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NewsMcColl’s appoints new chief financial officer as it bolsters board
McColl’s has made new appointments to its executive and non-executive board including Giles David as chief financial officer.
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NewsBoohoo snaps up remaining stake in PrettyLittleThing
Boohoo has acquired the minority 34% stake to wholly own PrettyLittleThing shortly after mounting a defence of its ownership of the brand against a short-seller attack.