Latest finance news – Page 185
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NewsMajority of shoppers say election won’t impact Christmas spend
Over half of shoppers say political uncertainty will have no bearing on their spending this festive season, with the majority planning to spend the same or more this year as they did in 2018.
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NewsHammerson sells retail park as disposals programme continues
Institutional landlord Hammerson has sold a Gloucester retail park for £54m to the local authority, as it continues its asset disposal programme in order to balance its books.
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NewsAO closes Netherlands business as it focuses on sustainable growth
Electricals retailer AO World is shutting its business in the Netherlands as it focuses on building its UK and German operations.
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NewsElection: Business rates top agenda as party leaders address CBI
Boris Johnson and Jo Swinson unveiled plans to change business rates, while Jeremy Corbyn pledged to create 320,000 new apprenticeships in a year with changes to the current levy.
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NewsShopping in-store more sustainable than online, claims Primark owner
The owner of Primark has defended its fast-fashion offering and said shopping in-store is more environmentally friendly and sustainable than online delivery.
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NewsConservatives to unveil plans to cut business rates
Boris Johnson is set to unveil planned tax cuts that he will say are designed to help businesses “make the most of Brexit”.
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NewsSteinhoff sells Bensons for Beds and Harveys
Bensons for Beds and Harveys Furniture are to be sold by owner Steinhoff to specialist investor Alteri.
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NewsCarpetright accepts Meditor takeover offer
Carpetright has accepted a takeover offer from its financier Meditor and called on investors to back the bid as it seeks cash to repay debt and provide working capital.
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NewsAlibaba set for biggest equity capital raising of year in Hong Kong listing
Alibaba is set to kick off what would be the world’s biggest equity capital raising of the year so far, as it prepares for its second listing on the Hong Kong stock exchange.
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NewsBRC criticises Conservatives’ business rates proposals
The British Retail Consortium has said Conservative Party proposals on business rates must go further, after the Tories promised to extend the retail discount on business rates.
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NewsThe Body Shop profits and sales rise bolstered by strong UK performance
The Body Shop has recorded an uplift in its third-quarter sales as parent company Natura&Co’s acquisition of Avon won shareholder approval.
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NewsAsda sales drop as Walmart blames Brexit effect
Asda has posted a slight drop in like-for-like sales, which it has blamed on the ongoing political concerns over Brexit and consumer confidence.
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NewsBurberry beats Hong Kong disruption as new strategy progresses
Burberry has said its new strategy is “on track” despite being affected by the civil unrest in Hong Kong.
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NewsCard Factory posts sales rise helped by store openings
Card Factory has recorded a 5% rise in group sales in the year to date and expects profits to meet expectations.
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NewsShop Direct secures funding from Barclay brothers
Shop Direct has secured £150m of additional funding from its parent company to plug a gap in equity triggered by an unexpected surge in PPI claims earlier this year.
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NewsGlobal Fashion Group losses continue to narrow as sales rise
Global Fashion Group (GFG) posted an increase in sales during a “strong” third quarter.
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NewsBritish Land retail property portfolio haemorrhages tenth of value
British Land is the latest institutional landlord to suffer as the high street malaise reduced its retail property portfolio values by a tenth.
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NewsKKR makes formal approach for Walgreens Boots Alliance buyout
Private equity firm KKR has reportedly made a formal approach to buy Boots’ parent company and take the business private in what could be the largest leveraged buyout on record.
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NewsMulberry losses widen as ‘challenging’ UK market hits sales
Mulberry has posted widening losses at the interim mark as it seeks to increase focus on its international portfolio to offset sluggish UK sales.
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NewsLandsec trumpets new developments despite retail woes
Landsec is pushing ahead with 1 million sq ft of new London property developments as it seeks to offset falling portfolio values bought on by the troubles in the retail sector.