Latest finance news – Page 223
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NewsMothercare losses swell in first half as UK sales tumble
Mothercare has suffered ballooning half-year losses as sales tumbled within its core UK business.
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NewsFarmers’ union warns on Asda-Sainsbury’s deal
A takeover of Asda by Sainsbury’s would hit farmers’ margins and could affect food quality and choice, according to the National Farmers’ Union.
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NewsKingfisher to quit Russia, Portugal and Spain in strategic refocus
DIY giant Kingfisher is to exit Russia, Portugal and Spain to concentrate on its main markets.
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NewsAO.com shrinks losses and smart home drives sales
AO.com has posted reduced interim losses despite the UK market for white goods “becoming tougher than expected” as newer categories drove sales growth.
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NewsBonmarché profits fall as store sales slide
Bonmarché has recorded a decline in its interim profits as boss Helen Connolly says “weaker consumer sentiment and footfall” hurt store sales.
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NewsAgenda: AO, Kingfisher, Majestic, Mothercare and Intu
Retail Week looks ahead to the next seven days with updates from AO, Kingfisher, Majestic, Mothercare and Intu all on the agenda.
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NewsAsda posts sixth consecutive quarter of sales growth
Asda has posted its sixth consecutive quarter of like-for-like growth as the grocer builds momentum ahead of its proposed merger with Sainsbury’s.
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NewsEve Sleep seeks £15m investment to fund new CEO’s strategy
Eve Sleep’s newly appointed chief executive James Sturrock has unveiled his new strategy, which will home in on expanding the etailer’s product range and brand positioning.
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NewsCard Factory like-for-likes flat as online drives sales
Card Factory has stemmed the decline in its like-for-like sales in its third quarter as it ploughs ahead with its store expansion programme.
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NewsHolland & Barrett sales up, John Walden appointed chairman
Holland & Barrett edged up profits and posted its 38th consecutive quarter of like-for-like sales growth as former Argos boss John Walden is appointed chairman.
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NewsSupplier fears over Asda-Sainsbury's deal
The planned tie-up between grocery giants Sainsbury’s and Asda would be bad news for consumers, a supplier has told the Competition and Markets Authority.
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NewsIntu extends bid deadline as talks make 'good progress'
The consortium bidding to buy property giant Intu has been granted a second extension to its ‘put up or shut up’ offer deadline.
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NewsN Brown hit with £9m marketing VAT bill
N Brown has said it expects to pay an additional £6m to £9m in marketing costs from 2020 following a long-running dispute with HMRC.
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NewsBlue Inc hires Begbies Traynor to search for buyer
Blue Inc has hired professional services firm Begbies Traynor to find a buyer in a bid to secure a new cash injection.
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NewsB&M like-for-likes creep up as profits rocket
B&M has reported soaring profits at its half-year mark despite UK like-for-likes only rising slightly.
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NewsAgenda: Asda, B&M, Card Factory, Kantar/Nielsen and Intu
Retail Week looks ahead to the next seven days with updates from B&M, Asda and Card Factory all on the agenda.
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NewsAO World to acquire Mobile Phones Direct
AO World is to buy online phone retailer Mobile Phones Direct for £32.5m as it turns up pressure on Dixons Carphone.
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NewsSainsbury's boss Coupe defends store standards
Sainsbury’s boss Mike Coupe has hit back at criticism of its store standards – but admitted the grocer went through a “bumpy” patch during the summer.
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NewsHalfords interim profits down despite sales rise
Halfords has reported falling half-year profits despite a sales increase as it begins to implement its new strategy.
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NewsGame full-year losses shrink but sales remain flat
Game shrank its losses over its full year but sales remained stubbornly flat with its events business a notable bright spot.