Latest finance news – Page 234
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NewsTime running out to save Poundworld, founder warns
Poundworld founder Chris Edwards, who wants to buy back the retailer, has accused administrator Deloitte of making a rescue deal more difficult by “wasting time”.
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NewsEve Sleep founder ousted after 'strategic missteps'
Direct-to-consumer mattress specialist Eve Sleep’s founder and chief executive Jas Bagniewski has left the business with immediate effect.
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NewsTesco and Carrefour set to enter strategic alliance
Tesco and Carrefour are preparing to create a global strategic alliance in a bid to offer “even lower prices” to customers.
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NewsAgenda: Sainsbury’s, Primark, Eve Sleep and Topps Tiles
Retail Week looks ahead to the next seven days, with updates from Sainsbury’s, Eve Sleep, Primark, Topps Tiles and Superdry on the agenda.
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NewsPoundland like-for-likes rise despite Steinhoff woes
Value variety store group Poundland has reported a rise in first-half like-for-like sales.
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NewsAmazon to shake up health sector with PillPack acquisition
Amazon is to acquire US online pharmacy PillPack in a deal likely to rock the healthcare sector.
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NewsHomebase to axe a third of head office staff
Homebase is to cut 300 jobs at its Milton Keynes head office as it begins a turnaround programme following its disastrous ownership under Bunnings.
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NewsJohn Lewis sets out vision as profits shrink
John Lewis has revealed its strategy for the coming years and admitted its first-half profits will be “close to zero”.
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NewsJD Sports boss Cowgill’s pay probed by investor group
An influential investor group has urged JD Sports shareholders to rebel against executive chairman Peter Cowgill’s pay package.
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NewsThe Original Factory Shop tables CVA proposal
The Original Factory Shop (TOFS) has become the latest retailer to launch a CVA amid harsh retail conditions, Retail Week can reveal.
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NewsCarpetright swings to massive full-year loss as sales fall
Carpetright swung to a loss amid falling sales last year as the struggling business launched a CVA.
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NewsSir Philip Green came close to buying Marks & Spencer
Sir Philip Green came much closer than originally thought to acquiring Marks & Spencer in 2004, a new book has claimed.
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NewsGoldsmiths owner drafts in bankers for London listing
Aurum Holdings, the owner of high street jewellery chain Goldsmiths, has drafted in bankers as it pursues a stock market float.
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NewsAgenda: Carpetright, John Lewis Partnership and Be Inspired
Retail Week looks ahead to the next seven days, with updates from Capetright and John Lewis Partnership on the agenda, as well as the Retail Week Be Inspired conference.
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NewsHouse of Fraser creditors vote through CVA
House of Fraser’s company voluntary arrangement has been passed by its creditors, paving the way for the closure of half of its estate.
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NewsGreen seeks gagging order over fresh BHS report
Arcadia tycoon Sir Philip Green is battling to prevent the publication of a report into the collapse of BHS amid claims it could damage his reputation.
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NewsDixons Carphone profits slump as sales fail to spark
Dixons Carphone has reported sliding full-year profits as tepid sales growth failed to offset “challenges in UK mobile” market.
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NewsHouse of Fraser lenders grant extension on loans
House of Fraser’s lenders have agreed to extend its loans, giving it more time to get its restructuring proposals in order.
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NewsIceland launches tech start-up accelerator programme
Iceland has become the latest retailer to establish a start-up tech accelerator programme as it seeks to take advantage of the opportunities heralded by digital innovation.
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NewsBonmarché profits jump despite sales dip
Bonmarché’s full-year profits have jumped under new boss Helen Connolly despite falling like-for-likes.