Latest finance news – Page 224
-
NewsSuperdry sales rise in 'challenging' first half
Superdry has posted an increase in sales during its first half amid what it called a “challenging backdrop”.
-
NewsSainsbury's profits fall as restructuring costs bite
Sainsbury’s has suffered a fall in profitability during what chief executive Mike Coupe described as a “solid” first half.
-
NewsMulberry hit by House of Fraser collapse as sales plunge
Mulberry UK retail sales plunged 11% in its first half as House of Fraser administration and “soft” retail conditions bite.
-
NewsM&S profits rise but sales continue to fall
Marks & Spencer profits have risen but sales fell as boss Steve Rowe vows to “leave no stone unturned” in his quest to transform the business.
-
NewsMorrisons hails ‘strong’ third-quarter sales
Morrisons has hailed a “strong” third-quarter performance despite suffering a slowdown from its summer sales spike.
-
NewsPrimark sales and profits rise driven by the UK
Primark has posted increases in its preliminary profits and sales, bolstered by strong UK sales which defy the wider fashion downturn.
-
NewsThe Range posts profit fall after taking sterling hit
Profits at value general merchant giant The Range fell last year after the weakness of sterling hit performance.
-
NewsMike Ashley deals take toll of thousands of retail jobs
Mike Ashley’s takeovers of well-known retailers have cost 6,000 retail jobs and more than £1bn in unpaid bills.
-
NewsM&S considered splitting food and fashion arms
Marks & Spencer looked into separating its food and apparel divisions but opted not to after deciding it would not create shareholder value.
-
NewsAgenda: Sainsbury's, M&S, Morrisons, Primark and more
Retail Week looks ahead to the next seven days with updates from Marks & Spencer, Sainsbury’s, Morrisons, Primark and more on the agenda.
-
NewsIkea UK sales buoyed by store openings and digital growth
Ikea has posted an increase in UK sales but insisted that the business would continue to evolve amid “a challenging retail and economic environment”.
-
NewsCarpetright ‘heavily impacted’ by CVA ‘disruption’
Carpetright has admitted that trading in the first half of its financial year has been “heavily impacted by disruption” from its CVA plan.
-
NewsConsumer confidence falls further in October
Consumer confidence faltered this month as shoppers concerns about their personal finances and the economy in the year ahead fell.
-
NewsNext sales decline accelerates in third quarter
Next has recorded a drop in its overall third-quarter sales despite full-price and online revenue both rising.
-
NewsSports Direct acquires Evans Cycles in pre-pack deal
Sports Direct has snapped up Evans Cycles in a pre-pack administration deal, which will see it axe half of the retailer’s stores.
-
NewsWHSmith acquires US travel retailer InMotion
WHSmith has bought US travel retailer InMotion in a bid to strengthen its grip on the international travel market.
-
NewsSeasalt sales soar as underlying profits rocket
Seasalt has reported surging sales and underlying profits in another healthy year for the Cornish lifestyle brand.
-
NewsThe Budget: Hammond reveals £400m tax on tech giants
The Chancellor has taken aim at online giants and offered financial support to Britain’s struggling high streets as part of today’s Budget.
-
NewsPaperchase profits fall against 'tough' backdrop
Paperchase’s profits declined by half in its full-year results as it increased its online and international sales.
-
NewsBusiness rates and online tax on Budget agenda
Chancellor Philip Hammond is expected to cut business rates by a third for about half a million small retailers in today’s Budget.