Latest finance news – Page 236
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NewsCarpetright secures £60m lifeline through share issue
Carpetright has secured the £60m it needs to fund its CVA and restructuring costs via a share issue.
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NewsWHSmith travel sales rise as high street dips
WHSmith’s travel sales rose in its third quarter as it developed a new smaller format for high street stores.
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NewsAO.com full-year losses widen despite sales rise
AO.com has slipped further into the red despite increased sales as Britain’s Got Talent marketing costs and the weak pound bit into its bottom line.
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NewsQuiz profits and sales soar in 'excellent' year
Quiz has posted a leap in full-year profits and sales, bolstered by a rapidly growing customer base and its successful float.
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NewsMatalan posts profit rise after full-price sales focus
Matalan has recorded a rise in full-year profits after achieving an 11.7% uplift in full-price sales.
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NewsJohn Lewis buys Opun to boost service credentials
The John Lewis Partnership has snapped up home improvement business Opun as it ramps up efforts to strengthen its services proposition.
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NewsPoundworld closing in on rescue deal with Alteri
Former Austin Reed owner Alteri Investors is closing in on a deal to rescue embattled Poundworld.
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NewsHouse of Fraser insists CVA plan ‘on track’
House of Fraser has insisted it is “on track” with plans to launch a CVA and secure new investment despite an alleged battle with its lenders.
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NewsAgenda: WH Smith, Quiz, Joules and AO update the market
Retail Week looks ahead to the next seven days, with updates from WH Smith, Quiz and Joules on the agenda, plus the latest BRC retail sales figures, all on the agenda.
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NewsMothercare CVA given green light by creditors
Mothercare’s creditors have approved the troubled retailer’s plans to shutter 50 stores and slash rents through a company voluntary arrangement (CVA).
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NewsHoF lenders seek cash injection as CVA approaches
House of Fraser’s key lenders are demanding proof that its Chinese shareholders will provide the £70m capital pledged last month.
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NewsHut Group acquisitions boost profits and sales
The Hut Group’s profits and sales have rocketed following its acquisitions of new brands over the year.
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NewsAsda full-year like-for-likes inch up as profits fall
Asda’s pre-tax profit shrank 10% last year despite an increase in like-for-likes.
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NewsM&S swerves FTSE 100 relegation as Ocado rises up
M&S has narrowly avoided being relegated from the FTSE 100 despite its share price tumbling after it unveiled a 66% profit drop and 100 store closures.
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NewsShop prices fall in May amid fierce competition
The price of non-food items declined 2.5% in May year-on-year as industry conditions remain challenging and retailers continue to compete on price.
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NewsB&M bucks retail blues as full-year profits jump
B&M said it was well placed to prosper in the current “difficult economic environment” as profits and sales surged in its last financial year.
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NewsLandlords prepare to take tougher stance on retail CVAs
Property owners are poised to take a more hard-nosed approach to retail CVAs.
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NewsDixons Carphone warns on profits in tough market conditions
Dixons Carphone has warned that profits in its new financial year are expected to fall and detailed plans to shutter more than 90 stores.
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NewsDunelm warns on profits as like-for-likes slide
Dunelm has issued a profit warning after experiencing “trading conditions materially more challenging than expected”.
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NewsAgenda: B&M, Card Factory and consumer confidence data
Retail Week looks ahead to the next seven days, with updates from B&M and Card Factory, plus the latest consumer confidence figures, all on the agenda.