Latest finance news – Page 197
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NewsAgenda: Sports Direct, AO.com and Watches of Switzerland update the market
Retail Week looks ahead to the next seven days with updates from Sports Direct, AO.com and Watches of Switzerland on the agenda.
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NewsHobbycraft full-year profits surge as sales rise
Hobbycraft has posted a strong uplift in profits as the retailer’s sales increased thanks to smaller-format store and online revenue.
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NewsArcadia eyes footwear brand to fill prime Oxford Street site
Arcadia has lined up an American footwear brand to fill its prime Oxford Street site that was formerly occupied by its Miss Selfridge brand.
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NewsDFS profits on track after ‘strong trading performance’
DFS has said it expects to deliver underlying profits in line with expectations, assisted by strong sales growth across its brands.
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NewsSosandar raises £7m through sale of new shares
Sosandar has raised £7m through the sale of new shares, as the retailer looks to widen its capital expenditure following impressive results.
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NewsBonmarché set to delist as second-largest shareholder sells up
Bonmarché is on track to be taken private after Philip Day convinced the retailer’s last major investors to sell its stake.
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NewsJohn Lewis sales jump driven by fashion clearance
John Lewis’ sales jumped last week off the back of strong results across its fashion range, but Waitrose struggled across its categories.
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NewsDunelm sees ‘significant opportunity’ after sales soar
Dunelm has posted a rise in quarterly sales and is confident that full-year profits will come in at the top end of expectations.
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NewsSuperdry plunges into loss as Dunkerton ‘steadies ship’
Superdry has slid into the red after a tough year at the end of which founder Julian Dunkerton took control after staging a boardroom coup.
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NewsAsda staff set for £62m windfall from share scheme
Around 25,000 Asda staff have pocketed a share of £62m from a share save scheme with the grocer’s parent company that came into effect in 2016.
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NewsSainsbury’s-Asda merger blocked for 10 years
The competition watchdog has blocked Sainsbury’s and Asda from joining forces for 10 years, rubbing salt into the wounds of their failed merger bid.
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NewsOcado profits hit by Andover fire as sales climb
Ocado posted a fall in half-year profits due to costs associated with the fire at its Andover warehouse, but sales rose as boss Tim Steiner hailed “innovation” at the grocer.
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NewsJack Wills owner canvasses buyer interest
Fashion retailer Jack Wills’ private equity owner BlueGem is soliciting interest in the business from potential buyers.
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NewsDebenhams’ CVA opponent drops legal challenge
Property investment firm M&G Real Estate has withdrawn its court action against Debenhams’ CVA.
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NewsMatalan warns on margins as discounting rises
Matalan has reported a rise in first-quarter sales and earnings but cautioned that price-cutting is taking a toll on margins.
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NewsGreen’s overseas assets targeted by pensions watchdog
Sir Philip Green’s overseas assets could be plundered by The Pensions Regulator as it bids to secure payments promised to the Arcadia pension scheme.
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NewsAgenda: Ocado, Superdry and Dunelm update the market
Retail Week looks ahead to the next seven days with updates from Ocado, Superdry and Dunelm on the agenda.
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NewsGame management to sell shares to Ashley
Game’s management has told its shareholders to accept the offer of 30p per share made by Sports Direct mogul Mike Ashley.
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NewsMonsoon Accessorize CVA passed by creditors
Monsoon Accessorize’s CVA has been passed by its creditors, paving the way for hefty rent reductions at around half of its stores.
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NewsCoupe: ‘You couldn’t choose a worse date’ for Brexit
Sainsbury’s chief executive Mike Coupe has lamented the timing of Brexit and insisted “you couldn’t choose a worse date” than October 31 for Britain to leave the EU.