Latest finance news – Page 191
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NewsAgenda: Sainsbury’s, Boohoo, Card Factory and DFS
Retail Week looks ahead to the next seven days with updates from Hotel Chocolat, Boohoo and Eve Sleep all on the agenda.
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NewsSports Direct says JD Sports probe could impact major brands
Sports Direct has said that the Competition and Markets Authority’s (CMA) investigation into rival JD Sports’ acquisition of Footasylum could have implications for the wider sector, by restricting supply and increasing prices.
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NewsDebenhams wins High Court battle with landlord to secure CVA
Debenhams has won a High Court battle with a landlord to secure its CVA, paving the way for the department store to shut 50 shops.
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NewsJD Sports’ £90m Footasylum deal faces full competition probe
JD Sports’ £90m swoop on high street rival Footasylum is facing an in-depth probe from the competition authorities.
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NewsNext profits boosted by growth in full-price sales
Next has posted an uptick in half-year profits as it hailed strong growth in full-price sales and its online business.
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NewsRiver Island profit halves as it ramps up investment
River Island has posted a steep fall in earnings after ploughing cash into improving the business to ensure it is future-fit.
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NewsKingfisher half-year profits fall as B&Q sales suffer
Kingfisher has recorded a fall in profits as the UK registers a ‘disappointing’ sales performance exacerbated by B&Q range changes and weak consumer confidence.
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NewsOcado sales rise as joint venture with Marks & Spencer goes live
Ocado Retail, the newly formed joint venture between the online grocer and Marks & Spencer, has posted an increase in quarterly revenue and orders, but the average order size edged down.
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NewsFrench Connection cuts losses and extends sale process
French Connection has reported reduced first-half losses and extended its strategic review and formal sale process for a second time, until the end of the financial year.
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NewsH&M sales boosted by ‘well-received’ summer collections
H&M has posted an increase in its third-quarter group sales which the retailer attributed to its work to meet “customers’ ever-increasing expectations”.
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NewsAsda profits surge as price and quality focus pays off
Asda has reported a rise in annual profits as improvement initiatives at the Walmart-owned grocer bore fruit.
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NewsAldi profits drop as it ramps up store investment
Aldi has suffered a fall in full-year profits after ramping up its investment into its store portfolio and slashing prices.
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NewsAgenda: Next, Kingfisher and Ocado update the market
Retail Week looks ahead to the next seven days with updates from Next, Kingfisher and Ocado all on the agenda.
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NewsForever 21 vows to keep ‘vast majority’ of US stores
Forever 21 has vowed to continue operating “the vast majority” of its US stores despite suggestions it is about to file for bankruptcy.
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NewsTopshop losses balloon to £500m as sales tumble
Topshop and Topman have slumped to a loss of more than half a billion pounds after suffering a fall in sales and booking a raft of one-off charges.
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NewsPPI claims rocket ahead of August deadline, says N Brown
Online retailer N Brown reported a “significant increase” in PPI information requests and complaints (PIRs) in the lead up to the claims deadline of August 29.
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NewsZara owner Inditex posts strong growth in first half
Zara owner Inditex’s half-year like-for-likes jumped 5% as it reported record sales and profits.
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NewsSports Direct implores big four auditors to reconsider snub
Sports Direct has reportedly pleaded with Deloitte, PwC, EY and KPMG to pitch for its audit contract after warning that a smaller firm would not be able to perform the role.
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NewsNew Look profits decline as first-quarter sales slump
New Look has recorded a decline in profits exacerbated by falling sales, but has said that current trading is showing green shoots of growth.
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NewsAmazon Europe awarded €241m in tax credits last year
Amazon was awarded €241m in tax credits last year which can be deducted from bills it receives for its European arm of the business.