Latest finance news – Page 235
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NewsDebenhams warns on profits as sales fall
Debenhams has issued its third profit warning of the year following a drop in sales.
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NewsGreen launches legal challenge over BHS report
Topshop tycoon Sir Philip Green has engaged in a legal battle with regulators over the publication of a report into the collapse of BHS.
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NewsAgenda: Dixons Carphone, House of Fraser and Bonmarché
Retail Week looks ahead to the next seven days, with updates from Dixons Carphone, House of Fraser and Bonmarché coming up.
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NewsIceland profits hit by Christmas availability glitch
Iceland has reported a year of strong sales growth but annual profits were hit by factors including poor availability in the key Christmas period.
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NewsTesco posts 10th consecutive quarter of sales growth
Tesco’s UK like-for-likes jumped 3.5% in its most recent quarter, its 10th consecutive quarter of like-for-like growth.
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NewsN Brown staff at risk of redundancy as sales fall
N Brown is entering into redundancy consultations with around 250 staff following falling sales in its first quarter.
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NewsMajestic profits up as Naked Wines drives growth
Majestic has reported increased profits and sales at its full-year results with much of its growth coming from its Naked Wines division.
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NewsPwC fined £6.5m over BHS audit
The accountancy firm responsible for auditing BHS’ accounts ahead of its controversial £1 sale and subsequent collapse has fined a record £6.5m.
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NewsNew Look full-year losses total almost £75m
New Look suffered an underlying operating loss of £74.3m last year, when sales slid 7.3% to £1.35bn.
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NewsPoundworld founder hopes to pull off rescue deal
Poundworld entrepreneur Chris Edwards is considering buying back part of the value retailer’s business following its collapse into administration yesterday.
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NewsTed Baker posts sales rise despite poor weather
Ted Baker has reported a 4.2% increase in group sales despite tough trading conditions and unseasonal weather.
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NewsBoohoo sales surge as multibrand strategy pays off
Boohoo has reported rocketing revenues in its first quarter and expects continued growth throughout the year.
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NewsPoundworld collapse puts more than 5,000 jobs at risk
Poundworld has plunged into administration putting around 5,100 jobs at risk.
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NewsAgenda: Tesco, Boohoo and Ted Baker update the market
Retail Week looks ahead to the next seven days, with updates from Tesco, Boohoo, Ted Baker, Majestic, N Brown and Mulberry on the agenda.
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NewsTesco’s Lewis voices business rates concerns
Tesco chief executive Dave Lewis has blamed the burden of business rates for the collapse of some retailers.
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NewsLord Kirkham-founded Fabb Sofas enters administration
Fabb Sofas has fallen into administration less than two years after it was founded, due to a lack of external funding.
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NewsPoundworld to file intention to appoint administrators
Poundworld will file its intention to appoint administrators today after a rescue bid from Alteri collapsed, putting 5,500 jobs at risk.
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NewsHouse of Fraser plans 31 store closures as CVA unveiled
House of Fraser has proposed the closure of 31 stores through a CVA, details of which have now been revealed.
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NewsJoules profits to beat expectations after sales surge
Joules expects full-year profits to come in just ahead of City expectations after sales rose strongly last year.
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NewsPoundworld future in doubt as Alteri ditches rescue bid
Poundworld’s talks with Alteri Investors have ended at the eleventh hour, casting fresh doubt over the survival of the beleaguered value chain.