Latest finance news – Page 193
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NewsCustomer confidence slides amid political upheaval
Customer confidence declined across all measures in August as shoppers’ outlook on their personal finances and the economy faltered.
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NewsMcColl’s sales slip in ‘highly unseasonable summer’
McColl’s has suffered a fall in third-quarter sales, which it blamed on a “highly unseasonable summer” and “ongoing macroeconomic uncertainty”.
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NewsHammerson launches Leeds City Quarters concept
Hammerson has unveiled plans for its latest City Quarters concept in Leeds, which will sit adjacent to its Victoria Gate shopping centre in the city.
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NewsTed Baker strikes Japanese licensing deal to drive growth
Ted Baker is to license its Japanese business, which at present is directly operated, to local partner Sojitz Infinity.
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NewsWHSmith posts strong full-year travel performance
WHSmith has reported strong trading at its travel division and performance in line with expectations at its high street arm.
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NewsFarfetch denies Barneys acquisition speculation
Online fashion specialist Farfetch has dismissed a report that it was considering acquiring bankrupt US department store business Barneys.
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NewsAgenda: WHSmith and McColl’s update the market
Retail Week looks ahead to the next six days with updates from Morrisons and Superdry on the agenda.
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NewsReiss sales soar as investment pays off
Fashion retailer Reiss has reported a surge in first-half sales.
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NewsMulberry poaches longstanding Ted Baker finance director
Mulberry has appointed longstanding Ted Baker director as its new group finance director.
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NewsLaura Ashley slips into the red after homeware arm underperforms
Laura Ashley has reported a full-year pre-tax loss and seen like-for-like and total sales fall, which the retailer’s chair put down to the underperformance of its homeware arm.
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News‘For sale’ sign raised over toy retailer Hawkin’s Bazaar
Toys and gadgets specialist Hawkin’s Bazaar has been put up for sale and offers are being sought for all or parts of the retailer.
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NewsTK Maxx owner quarterly sales and profits climb
TK Maxx’s parent company TJX has posted an uplift in second-quarter sales and income despite a decline in profit margin.
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NewsOverseas investors eye Morrisons and others due to weak pound
Stable retail businesses such as Morrisons are being eyed by overseas investors due to a drop in the price of sterling driven by ongoing uncertainty around Brexit, according to analysts.
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NewsGlobal Fashion Group sales rise and losses narrow
Global Fashion Group posted rising sales during its first half following the recent IPO.
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NewsHammerson appoints new chief financial officer
Hammerson has appointed a new chief financial officer who will also be made executive director on joining the company in September.
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NewsPoundland owner prepares for sale or float
Poundland owner Pepkor Europe is understood to be mulling a €4bn (£3.6bn) sale or flotation next month.
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NewsAsda second-quarter sales boosted by later Easter
Asda has posted an uptick in second-quarter sales, boosted by the later timing of Easter.
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NewsChinese etailer JD.com returns to profit as sales climb
Chinese ecommerce titan JD.com beat analyst expectations with its second-quarter results, bolstered by sales from its annual 6.18 shopping festival.
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NewsSports Direct in crunch talks with government as auditor quits
Sports Direct is in a race against the clock to appoint an auditor ahead of its annual general meeting in September when current auditor Grant Thornton will step down.
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NewsSteinhoff to sell off assets following accountancy scandal
South African retail giant Steinhoff is set to cut its debt and trim down its assets to focus on retail investments after a previous $7bn (£5.8bn) accountancy scandal.