Latest finance news – Page 21
-
NewsWHSmith completes refinancing package
The retailer announced the completion of a £200m issue of US Private Placement (USPP) notes and a bank term loan of £120m.
-
NewsKingfisher profit drops as ‘big ticket’ demand weakens
The retail group, which owns B&Q and Screwfix, reported a 7% fall in profit in 2024/25 with sales also declining on the year before.
-
NewsAsos ups profit outlook as own-brand sales return to growth
Asos told the City that it expects a “significant improvement” in profitability during the first half of the financial year.
-
NewsConsumer confidence improves but mood remains ‘fragile’
Consumer confidence increased in March due to the public seeming more positive about the economy – but there are warnings that confidence is still “fragile”.
-
NewsFootasylum hails ‘best-ever’ performance amid ongoing store investment
Footasylum has reported its “best-ever” financial performance as it continues to invest in its store estate and omnichannel retail experience.
-
NewsWickes profits fall despite ‘strong progress’ and growing market share
Home & DIY specialist Wickes has reported a fall in annual profits and sales despite hailing 2024 a year of “strong progress” for the business as it continued to grow market share.
-
NewsConsumer confidence stabilises as Gen Z gears up to spend
Consumer confidence has stabilised in March following a record low in February, with younger shoppers, particularly Gen Z consumers, expected to spend more.
-
NewsGovernment plans to raise business rates to cost ‘600 shops and 5,500 jobs’
The government’s plans to raise business rates for the largest retailers puts over 600 stores and over 5,000 jobs at risk.
-
NewsFormer Wilko boss takes up senior role at Poundland
The ex-chief executive of embattled variety store group Wilko has joined the leadership team of value specialist Poundland as its owner considers a sale, Retail Week can reveal.
-
NewsForever 21 files for bankruptcy for second time in six years
US fashion retailer Forever 21 has filed for bankruptcy for the second time in six years, blaming mounting online competition from fast fashion retailers and weak footfall.
-
NewsWaterstones boss teases idea of a London stock exchange float
The boss of Waterstones James Daunt has teased the idea of floating the book retailer on the London stock exchange.
-
NewsFenwick drafts in restructuring experts as it aims to cut costs
Department store chain Fenwick has called in restructuring experts as it aims to cut costs following several loss-making years.
-
NewsAsda profits improve off the back of strong George performance
Asda has reported an improvement in profits driven by a strong non-food performance headlined by clothing giant George.
-
NewsShein confirms stock market plans
Shein has officially confirmed its intention to go public on the stock market for the first time, with London appearing to be the preferred location.
-
NewsDFS CEO: market stablising rather than recovering
The chief executive of DFS has said that the wider market slowdown surrounding ‘big-ticket’ purchases is stabilising, rather than recovering.
-
NewsJohn Lewis profits triple as it hails ‘progress’ of ongoing transformation
The John Lewis Partnership’s profits have tripled which it says is a ”significant testament” to its ongoing transformation strategy.
-
NewsSchuh slashes jobs as part of business restructure
Footwear retailer Schuh has made a number of redundancies across the business as part of a restructure in a bid to cut costs, Retail Week understands.
-
NewsInditex boss hails ‘strong commitment to growth’ as sales and profits jump
Inditex said it had a “strong commitment to profitable growth”.
-
News‘Debenhams is back’: Multi-year turnaround is complete as Boohoo Group rebrands
Boohoo Group has said “Debenhams is back” as the business has now been “successfully” turned around since it was acquired out of administration in 2021.
-
NewsUK retail sales inch up but gloomy weather drags down fashion
UK retail sales inched up in February, although gloomy weather hampered fashion and non-food categories were generally muted.