Latest finance news – Page 240
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News
Bonmarché sales fall as store performance slumps
Bonmarché has suffered a decline in full-year sales as online growth failed to offset “disappointing” performance across its store portfolio.
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NewsHouse of Fraser drafts in advisers as it mulls CVA
House of Fraser has drafted in advisers as the embattled department store business ramps up its turnaround plans.
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NewsMothercare chairman steps down with immediate effect
Mothercare chairman Alan Parker has left the post with immediate effect.
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NewsDebenhams speeds up revival strategy as profits plunge
Debenhams is to accelerate its turnaround programme and has reported a steep fall in first-half profits.
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NewsNew Look dealt fresh blow as credit insurance cut
New Look has had its credit insurance cut just weeks after a company voluntary arrangement (CVA) aimed at improving its fortunes was voted through.
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NewsHammerson board makes U-turn on £3.4bn Intu deal
Hammerson has made a dramatic U-turn on its proposed acquisition of Intu, claiming the deal is “no longer in the best interests of shareholders”.
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NewsPrimark like-for-likes hit but UK market holds up
Primark’s global like-for-likes were hit by both warm and cold weather during its half year but the UK market generated increased comparative sales.
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NewsJD profits and sales soar as global expansion pays off
JD Sports’ profits and sales have rocketed over its full year as international deals generated a record period.
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NewsSelect to slash rents as CVA voted through
Select’s creditors have voted through a CVA designed to cut its rental costs and save 2,000 jobs.
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NewsBurberry names former Kingfisher boss as new chairman
Burberry has named former Kingfisher chief executive Gerry Murphy as chairman designate.
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NewsBunnings calls in consultants to boost UK business
Bunnings has drafted in consultants to advise its senior leadership team in the UK as the Australian DIY giant attempts to revive its British business.
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NewsKlépierre abandons bid for rival mall owner Hammerson
Klépierre has pulled the plug on its attempts to buy Hammerson – paving the way for the latter to complete its acquisition of rival Intu.
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NewsGame’s largest shareholder disposes of stake
Game’s largest shareholder has disposed of its entire stake in the business, leaving mogul Mike Ashley as the largest single influence on its board.
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NewsAgenda: Primark, JD Sports, Debenhams and Bonmarché
Retail Week looks ahead to the next seven days, with updates from Primark, JD Sports, Debenhams and Bonmarché on the agenda.
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NewsWill Carpetright’s CVA put it on a firmer footing?
Troubled Carpetright has today put forward a proposal to close nearly a quarter of its stores and renegotiate rents on a chunk of others through a CVA – a controversial restructuring tool.
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NewsToys R Us to close remaining UK stores this month
Toys R Us UK will pull down the shutters on its stores for the final time in less than a fortnight.
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NewsWHSmith profits slip despite solid travel showing
WHSmith’s interim profits edged down as gains from its travel arm were offset by its underperforming high street business.
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NewsQuiz full-year sales surge, driven by online
Womenswear retailer Quiz has posted a leap in sales and expects continued strong growth in the future.
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NewsDunelm sales climb despite 'challenging' quarter
Dunelm recorded robust online growth but lower store sales in its third quarter despite a “challenging consumer backdrop”.
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NewsMothercare sales dented by footfall slowdown
Mothercare has suffered a drop in sales during a “muted” fourth quarter as a slowdown in customer traffic to its high street stores impacted performance.