Latest finance news – Page 213
-
NewsSainsbury's-Asda merger on knife edge after CMA findings
Sainsbury’s £13bn merger with rival Asda could be blocked by the competition watchdog after it found “extensive competition concerns” surrounding the deal.
-
NewsAsda posts sales rise ahead of Sainsbury's merger findings
Asda has posted its seventh consecutive quarter of sales growth as parent company Walmart hailed the performance of own-label lines and its online business.
-
NewsBRC calls for pause on minimum wage enforcement
The British Retail Consortium has called on HMRC to put a halt to its National Minimum Wage enforcement until a government consultation has been concluded.
-
NewsJD Sports snaps up stake in rival Footasylum
JD Sports has snapped up a near-10% stake in athleisure rival Footasylum but insisted it does not intend to make a takeover bid for the business.
-
NewsMcColl's profits hit by Palmer & Harvey collapse
Convenience retailer McColl’s has reported a fall in profits after a “challenging” year.
-
NewsJanuary discounts drive up retail sales figures
Total retail sales increased in both value and volume in January making it the highest year-on-year growth since December 2016.
-
NewsAgenda: Sainsbury's-Asda, McColl's and Environmental Audit Committee
Retail Week looks ahead to the next seven days, with McColl’s, the Sainsbury’s-Asda CMA verdict and the Environmental Audit Committee report on the agenda.
-
NewsBRC: No-deal Brexit ‘sub-optimal’ after government defeat
The British Retail Consortium has reiterated that a no-deal Brexit would be catastrophic for retailers, after the government suffered another defeat in the House of Commons overnight.
-
NewsMike Ashley holding company's profits crash
Profits have plummeted at retail tycoon Mike Ashley’s investment vehicle Mash Holdings, more than halving in the year to April 2017.
-
NewsWest End retailers braced for April business rates hike
John Lewis, Primark, Debenhams and Selfridges will suffer some of the sharpest increases in business rates on their flagship West End stores, new research has found.
-
NewsDunelm profits rise as it ramps up focus on core business
Dunelm has posted an increase in first-half profits as the drive to simplify its business model bore fruit.
-
NewsNew Look profits spike amid third quarter sales fillip
New Look has registered an increase in sales during the crucial Christmas quarter as the business hailed “continued progress” with its turnaround plan.
-
NewsLiberty owner eyes sale of department store
Liberty has reportedly been put up for sale by its major shareholder, nearly a decade after it last changed hands.
-
NewsOpinion: Ashley’s Patisserie Valerie U-turn is part of an odd recipe
Sports Direct founder Mike Ashley’s acquisitive streak took a turn to the even more bizarre last week.
-
NewsOffice profits slide as HoF demise hits sales
Office has recorded a steep decline in its full-year profits as sales were hampered by House of Fraser’s collapse and the wider consumer spending slowdown.
-
NewsDebenhams secures £40m credit facility extension
Debenhams has extended its credit facility to buy the ailing department store chain time to finalise its financial restructuring plans.
-
NewsCMA extends deadline for final Sainsbury’s-Asda findings
The competition watchdog has extended the deadline for its final report into the proposed Sainsbury’s-Asda merger.
-
NewsIceland eyes moves for Sainsbury's and Asda stores
Iceland is considering swooping on stores that Sainsbury’s and Asda might be forced to sell as a result of their proposed merger.
-
NewsAshley walks away from Patisserie Valerie bid
Sports Direct boss Mike Ashley has withdrawn from the bidding for Patisserie Valerie, just two days after revealing he had made an offer for the troubled café chain.
-
NewsAgenda: Brexit debate, and Dunelm updates the market
Retail Week looks ahead to the next seven days, with potential Brexit amendment votes and Dunelm on the agenda.