Latest finance news – Page 246
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NewsWickes and Toolstation profits hit in 'challenging' year
Wickes and Toolstation owner Travis Perkins has suffered a fall in profitability within its retail division amid an “increasingly challenging” UK DIY market.
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NewsConsumer confidence drops amid council tax hike fears
Consumer confidence fell in February as fears about inflation-busting council tax hikes and stagnant household income bite.
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NewsMaplin and EWM race to secure rescue deal
Maplin’s negotations with potential buyer Edinburgh Woollen Mill have reached a standstill despite the imminent prospect of administration.
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NewsPavers snaps up rival Jones Bootmaker in pre-pack deal
Jones Bootmaker has been sold for the second time in less than a year to rival footwear chain Pavers.
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News20,000 stores to shut down in next two years
Falling demand and spiralling business rates could force almost 20,000 stores to close by the end of next year.
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NewsGreen sought to sell Arcadia, leaked email suggests
Sir Philip Green asked bankers to help him find a buyer for his Arcadia fashion empire, leaked emails have suggested.
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NewsPrimark half-year sales dented by 'warm weather'
Primark has warned it expects to post a fall in like-for-like sales during its first half after performance was hampered by “unseasonably warm weather in October”.
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NewsAgenda: Primark, Wickes and consumer confidence
Retail Week looks ahead to the next seven days, with updates from Primark and Wickes and the GfK Consumer Confidence Index on the agenda.
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NewsHotel Chocolat shrugs off market woes as profits climb
Hotel Chocolat hailed a “successful” Christmas as it posted healthy rises in profits and sales during its first half.
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NewsBunnings losses widen as UK business reviewed
Bunnings’ UK losses widened in its first half as its Australian owner Wesfarmers considers the future of its British operations.
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NewsBunnings opens Homebase clearance sites to shift stock
Bunnings owner Wesfarmers has converted a clutch of its Homebase stores into a new ‘Clearance Outlet’ format as it struggles to arrest falling UK sales.
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NewsFrank Field urges pension deficit deal probes
Frank Field MP has urged The Pensions Regulator to scrutinise any M&A deals involving pension deficits following the collapses of Carillion and BHS.
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NewsDunelm half-year profits fall, finance chief steps down
Dunelm’s profits took a tumble in its first half, despite climbing like-for-like and online sales.
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NewsMaplin in talks with EWM as it races to secure sale
Maplin is understood to be in crunch talks with potential new suitors, including Edinburgh Woollen Mill, as the struggling electricals firm urgently seeks a “solvent sale”.
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NewsMcColl's profits rise as acquisition plan bears fruit
McColl’s has posted a rise in full-year profits and broken through the £1bn sales barrier.
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NewsN Brown names Tesco boss Matt Davies as chairman
N Brown has drafted in Tesco UK chief executive Matt Davies as chairman, succeeding Andy Higginson.
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NewsNew Look circled by ‘vulture fund’ investor
New Look has caught the eye of distressed investment specialist Alchemy Partners.
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NewsToys R Us UK on brink due to £15m tax bill
Toys R Us UK is reportedly searching for a rescue deal to prevent it from falling into administration at the end of the month.
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NewsAgenda: McColl's, Asda, Dunelm, Bunnings and Hotel Chocolat
Retail Week looks ahead to the next seven days, with updates from McColl’s, Asda, Dunelm, Bunnings and Hotel Chocolat on the agenda.
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NewsTesco-Booker: Shareholders advised to vote against deal
Tesco’s acquisition of wholesaler Booker faces a potential setback as the move has been deemed “less than compelling” for Booker shareholders.