Latest finance news – Page 2
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NewsConsumer confidence improves as shoppers await Black Friday
Consumer confidence has inched up as shoppers look forward to Black Friday, according to the latest figures.
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NewsShoe Zone sales drop as it awaits Budget before giving future outlook
Shoe Zone has seen a decline in revenue as it battles with store closures, declining consumer confidence, and effects from the last autumn Budget.
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NewsDunelm sales increase as it invests in new app
Homewares retailer Dunelm has reported an increase in sales, driven by higher volumes sold and investment in its app.
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NewsWickes sales grow across all aspects of its business
Wickes has reported growth across all areas of its business, led by volume sold.
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NewsUK inflation holds for third consecutive month
Inflation in the UK remained steady at 3.8% last month despite fears of an increase, according to latest figures.
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NewsGousto sales jump as it expands next-day delivery
Meal delivery firm Gousto says it has “decoupled from its direct competition”, after reporting 11% sales growth in the first half of the year despite a “flat lining” economy.
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NewsM&S boss urges chancellor to back business, not burden it, in Budget
Marks & Spencer chief executive Stuart Machin has called for business rates reform and no new taxes that affect consumers in the forthcoming Budget.
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NewsRetail sector struggles with weak consumer sentiment as profit warnings surge
Profit warnings issued by listed retailers were up double for the same period in 2024, according to new data from EY.
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NewsB&M CFO resigns as international freight issue sees profit forecast trimmed
Value retailer B&M has announced the resignation of its chief financial officer, after an issue with international freight costs caused it to revise its profit forecast for the financial year.
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NewsShein braces for Trump tariff hit after profits fall
Shein has warned that uncertainty around new US trade tax rules will weigh on profits after taking a hit from rising costs last year.
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NewsIkea sees sales decrease in UK, citing weak economy
The furniture retailer announced retail sales of £2.25bn in its 2025 financial year, which runs to August, down by 2.1% on the year before.
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NewsBain forecasts “subdued” festive sales growth in the UK
The management consultancy firm says that “poor consumer confidence and ongoing economic uncertainty” means most sales growth with likely be due to inflation, with sales volumes set to decrease, Retail Week can reveal.
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NewsProCook posts record first-half performance
ProCook has seen sales climb for its eighth consecutive quarter as its store and marketing strategies pay off.
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NewsSosandar returns to revenue growth in first half
Fashion retailer Sosandar has reported that it was back in growth in the first half of its financial year.
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NewsMarks & Spencer extends chair Archie Norman’s tenure
Marks & Spencer chair Archie Norman is to stay in post for an extended period so the retailer can benefit from his “continued strong leadership”.
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NewsTHG reports ‘best quarter’ of trading in four years
Online beauty and nutrition group THG has reported its “strongest quarter of organic sales growth” since 2021.
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NewsRetail sales growth slows as Budget uncertainty and weather delay spending
The rate of retail sales growth moderated in September as factors such as a looming Budget and warm weather affected trading conditions.
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NewsIceland boss says private equity firms causing ‘death of the high street’
Iceland boss Richard Walker has said private equity ownership in the UK has caused more damage to retail than any other entity.
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NewsCo-op warns 150,000 jobs at risk without business rates reform
Co-op has called on the government to do more in the Budget to protect small shops, warning a failure to do so could cost 150,000 jobs.
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NewsUniqlo owner Fast Retailing posts fourth year of record profits
Uniqlo owner Fast Retailing has posted its fourth consecutive year of record profit, citing “large revenue and profit gains” across its international business.