Latest finance news – Page 242
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NewsHammerson hits pause on Intu amid Klépierre interest
Hammerson has halted its proposed £3.4bn acquisition of rival Intu amid interest from French property giant Klépierre.
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NewsUpdate: Conviviality sells wholesaler to Magners owner
Magners cider owner C&C, backed by brewing giant AB InBev, has snapped up the Matthew Clark and Bibendum distribution businesses from embattled Conviviality.
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NewsTopps Tiles sales edge ahead in ‘challenging’ market
Topps Tiles sales inched up in its first half, but the business warned it was taking a “cautious view” of the remainder of the year.
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NewsDeflation reaches deepest level since February 2017
Shop price deflation accelerated in March, reaching its deepest level in more than a year.
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NewsSpar supplier AF Blakemore to sell wholesale division
Spar’s biggest supplier AF Blakemore is selling its wholesale division following a strategic review of the business.
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NewsHouse of Fraser investor to provide £30m cash injection
House of Fraser’s Chinese investor has pledged to provide about £30m to the embattled department store group.
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NewsConviviality faces investor legal action threat
Conviviality may be sued by investors who believe they were misled about the retailer’s performance.
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NewsBunnings seeks buyers as Lazard brought on board
Bunnings owner Wesfarmers is scouting for potential buyers of its UK DIY chain and has drafted in Lazard to advise.
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NewsJigsaw deal sealed as Ross and Robinson partner up
Jigsaw has a new majority shareholder. Carphone Warehouse co-founder David Ross has teamed with founder John Robinson, to secure the retailer’s future.
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NewsAgenda: Topps Tiles and the BRC Shop Price Index
Retail Week looks ahead to the next seven days, with an update from Topps Tiles and the BRC-Nielsen Shop Price Index on the agenda.
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NewsConsumer confidence climbs amid wage and economy growth
Consumer confidence grew in March, thanks to overall economic growth and prospects of wage increases “finally” outstripping inflation.
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NewsUpdated: Conviviality to enter administration
Conviviality intends to appoint administrators within 10 business days after failing to raise the £125m it needed to secure its future.
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NewsWBA profits jump despite Boots sales drop
Walgreens Boots Alliance recorded a rise in its second-quarter profits driven by strong sales growth across its US subsidiaries.
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NewsWaitrose sales down after snow hits trading
Waitrose sales fell last week due to snow and icy conditions, but the partnership was buoyed by rising sales of electricals at John Lewis.
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NewsH&M profits plunge as cold snap prompts discount frenzy
H&M has blamed price cuts and cold weather for a crash in first-quarter profits and warned that more discounting is needed.
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NewsDFS profits crash but Filby 'confident' of growth
DFS’ half-year profits have crashed but boss Ian Filby said he is confident in the business’ performance despite challenging market conditions.
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NewsBHS: Chappell faces directorship ban, Green cleared
Former BHS owner Dominic Chappell faces a ban from serving as a company director following the retailer’s collapse but Sir Philip Green has been cleared.
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NewsMoss Bros profits tumble due to 'frustrating' Christmas
Moss Bros has recorded a slump in preliminary profits despite increased like-for-like sales, which boss Brian Brick blamed on poor Christmas trading.
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NewsGame profits plunge despite sales increase
Game posted haemorrhaging profits at the interim mark exacerbated by steep declines in the profitability of its retail arm.
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NewsThe Entertainer toasts full-year profit and sales rise
The Entertainer grew profits and sales in its last full year, driven by a bumper performance online.