Latest finance news – Page 181
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NewsCarrefour completes acquisition of lunch delivery service Dejbox
French supermarket giant Carrefour has completed the acquisition of a start-up that delivers lunches to office workers in a bid to expand its grocery ecommerce offering.
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NewsDebenhams and HMV to close swathe of stores this month
Debenhams and HMV will both shutter stores this month as the retailers grapple with rising rents and business rates.
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NewsCVAs ‘delay inevitable failure’, research suggests
Company voluntary arrangements (CVAs) are delaying “inevitable future failure” rather than helping businesses secure longer-term futures, new analysis suggests.
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NewsAldi hails ‘strong’ Christmas as sales pass £1bn
Aldi has toasted a spike in Christmas sales as it wooed “more customers than ever before” during the festive period.
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NewsMountain Warehouse defies ‘doom-mongers’ with Christmas sales climb
Mountain Warehouse has recorded a boost in sales across the festive period bolstered by a strong Black Friday performance.
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NewsWaterstones posts flat Christmas after ‘nerve-wracking’ peak period
Waterstones registered flat – although better than expected – Christmas sales, chief executive James Daunt has told Retail Week.
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NewsMarks & Spencer appoints interim finance chief
Marks & Spencer has appointed David Surdeau to oversee its finances until a permanent chief financial officer is appointed.
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NewsNext edges up profit guidance as Christmas sales beat expectations
Next has recorded an increase in full-price sales over the festive period ahead of internal expectations, spurred by online, and has upped its full-year guidance as a result.
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NewsTopshop to close Westfield Stratford store after lease expires
Topshop in the Westfield Stratford City shopping centre is set to shut after its lease runs out.
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NewsRetailers report subdued Christmas spend as footfall plummets
Retailers registered tough trading during December as footfall declined throughout the crucial post-Christmas period.
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NewsFashion retailer Joy on brink of collapse for third time
Joy, the fashion and accessories specialist, looks likely to plunge into administration and become the first retail collapse after Christmas.
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NewsRetail job losses reach highest level in more than two decades
Almost 150,000 retail jobs were lost in 2019 as the industry battled high costs and changing shopping habits.
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NewsAmazon-Deliveroo deal to face in-depth competition investigation
Amazon’s investment in online food delivery specialist Deliveroo will be subject to an in-depth investigation over competition concerns.
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NewsHedge funds gamble against retail big names
Hedge funds are betting that big-name retailers’ share prices will fall as the industry faces continued tough conditions.
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NewsJD Sports insists Footasylum deal ‘will benefit consumers’
JD Sports has insisted its £90m takeover of rival Footasylum “will benefit consumers” as it wrestles to convince competition watchdogs of the merits of the deal.
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NewsMoonpig hits landmark sales figure
Online greetings card specialist Moonpig has reported sales of £100m bolstered by an increase in demand for personalised cards.
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NewsConsumer confidence buoyed by post-election bounce
Consumer confidence rallied in December as the Conservative Party’s election victory boosted shopper sentiment about the UK’s economic future.
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NewsThe White Company profits rise in ‘turbulent’ year
The White Company has posted an uplift in full-year profits as investments in IT and its infrastructure helped it navigate the “turbulent retail environment”.
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NewsQueen’s speech brings business rates disappointment for big retailers
Plans revealed in today’s Queen’s speech to reform business rates have prompted disappointment because of their limited nature.
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NewsWHSmith shareholders back $400m US deal
WHSmith investors have formally backed the retailer’s $400m takeover of US giant Marshall Retail Group (MRG).