Latest finance news – Page 212
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NewsPepkor Europe’s revenues soar in first quarter
Pepkor Europe’s sales rose over the last quarter, with growth driven by Pepco and Poundland sales broadly flat.
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NewsFarfetch sales rocket in ‘blockbuster' year
Farfetch has reported soaring sales in what founder, chief executive and co-chair José Neves described as a “blockbuster” year.
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NewsConsumers ‘stoic' as exit from the EU nears
Consumers are taking a stoic approach to the uncertainty surrounding Brexit, with consumer confidence rising in February.
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NewsRowe: Ocado deal 'boldest moment' of M&S transformation
Marks & Spencer boss Steve Rowe has hailed the retailer’s online grocery venture with Ocado as the “biggest and boldest moment” in its digital transformation plan.
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NewsTed Baker cautions on profits amid currency movements
Ted Baker has cautioned full-year profits will come in below expectations after being “adversely affected” by non-cash factors.
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NewsShop price inflation rates highest in six years
The rate of shop price inflation hit a six-year high in February due to economic uncertainty and ongoing supply chain issues.
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NewsHotel Chocolat posts rise in first-half profits
Hotel Chocolat has reported an increase in interim earnings after delivering a strong Christmas.
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NewsWickes takes profit hit in ‘extremely challenging’ year
Profits at Travis Perkins’ retail division – DIY giant Wickes and specialist retailer Tile Giant – fell last year in “extremely challenging” market conditions.
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NewsHammerson to splash cash on events to drive footfall
Shopping centre landlord Hammerson will ramp up investment in events and hotels as it bids to tackle ailing footfall and sales.
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NewsHammerson ramps up sell-off ambitions as profits fall
Hammerson has posted a decline in its full-year property values in what boss David Atkins described as “a tough year, particularly for the UK”.
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NewsPrimark interim sales rise bolstered by UK
Primark has reported an uplift in sales at the half-year mark but like-for-likes slipped due to a slowdown in Europe.
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NewsKKR mulls Asda swoop as Sainsbury’s merger stumbles
KKR is reportedly eyeing a bid for Asda under the direction of senior adviser and the grocer’s former boss Tony De Nunzio.
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NewsThe Body Shop full-year sales and profits climb
The Body Shop has posted an uplift in its full-year sales as parent company Natura’s transformation plans start to bear fruit.
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NewsPrimark, Hotel Chocolat and Travis Perkins update the market
Retail Week looks ahead to the next seven days, with Primark, Hotel Chocolat, Travis Perkins and the Brexit vote on the agenda.
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NewsSainsbury’s ‘blew money and credibility’ on Asda deal
One of Sainsbury’s leading shareholders has hit out at the business for “blowing money and credibility” on its proposed merger with Asda.
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NewsMPs call for online sales tax to save high street
A parliamentary inquiry has called for a new online sales tax to “level the playing field” and provide “meaningful relief” to high street retailers.
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NewsIntu to look to residential and hotels to drive footfall
Intu’s chief financial officer Matthew Roberts has said the property giant will be looking to intensifying its residential and hotel offerings to offset declining retail footfall.
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NewsIceland Christmas sales fall despite 'Rang-Tan' ad storm
Iceland suffered a fall in sales during the crucial festive trading period despite the impact of its Christmas advert.
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NewsIntu suffers drop in footfall but rental income rises
Intu suffered a drop in footfall to its shopping centres last year but hailed “robust” growth in rental income.
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NewsLaura Ashley warns on profits amid ‘market turbulence’
Laura Ashley has warned full-year profits will “fall short of market expectations” following “difficult” trading conditions in the first half of its financial year.