Latest finance news – Page 247
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NewsNorman warned Bunnings owner against Homebase deal
M&S chairman Archie Norman reportedly advised Wesfarmers against buying Homebase on the grounds that it would be difficult to integrate with Bunnings’ model.
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NewsAldi Nord and Aldi Süd step up cooperation
The two operating divisions of European discount giant Aldi are to tighten co-operation across their regions.
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NewsJanuary's inflation close to six-year high
Inflation was at its highest in nearly six years last month, upping the chance of another interest rate rise in the coming months.
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NewsClintons parent company owner sells majority stake
The owner of Clintons parent company American Greetings has sold a majorty stake in the business to a US investment firm.
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NewsEdinburgh Woollen Mill buys supplier Berwin & Berwin
Edinburgh Woollen Mill Group has bought menswear supplier Berwin & Berwin out of administration.
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NewsH&M abandons shareholder reinvestment plan
H&M has called time on a proposal to encourage shareholders to reinvest their dividends in new stock.
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NewsHouse of Fraser drafts in Rothschild to refinance debt
House of Fraser has drafted in Rothschild to assess refinancing a chunk of its debt pile, days after its credit insurance was cut.
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NewsToys R Us seeks £120m as payment deadline looms
Toys R Us is urgently pursuing £120m in funding to pay off loans and overhaul its store estate as the retailer fights for survival.
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NewsAgenda: H&M, ONS, Valentine's Day and Chinese New Year
Retail Week looks ahead to the next seven days, with H&M’s capital markets day, ONS retail sales data, Valentine’s Day and Chinese New Year on the agenda.
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NewsHMV saviour Hilco eyes Toys R Us acquisition
Retail restructuring and turnaround specialist Hilco is among the potential buyers of the troubled British arm of Toys R Us.
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NewsBooker stakeholder attacks Tesco offer as too cheap
A stakeholder in wholesale and retail giant Booker has labelled Tesco’s £3.7bn offer as “insufficient”.
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NewsToys R Us urgently seeking offers for UK business
Toys R Us is looking to offload its UK and European division, with buyers told to submit their bid interest by the end of this week.
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NewsDFS lifts sales amid 'challenging' market conditions
DFS has posted an increase in sales during its first half and forecast “modest” full-year growth despite “challenging” market conditions.
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NewsBeds firm Warren Evans collapses into administration
Beds specialist Warren Evans is the latest furniture retailer to have slumped into administration.
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NewsNew Look’s Alistair McGeorge: ‘Don’t doubt us’
New Look executive chairman Alistair McGeorge hit out at critics of the business, insisting that his turnaround strategy will work.
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NewsNew Look sales plunge in ‘challenging’ quarter
New Look has posted a nosedive in online and store sales, but boss Alastair George said new initiatives will “get the company back on track”.
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NewsBunnings owner Wesfarmers mulls UK exit
Wesfarmers has admitted it is reviewing the future of Bunnings in the UK after revealing a AUS$1bn write-down relating to its Homebase acquisition.
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NewsHouse of Fraser suppliers have credit insurance cut
House of Fraser suppliers have seen their credit cover cut following a downgrade in its credit by ratings agency Moody’s.
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NewsCarphone Warehouse founder in frame for Jigsaw deal
Carphone Warehouse co-founder David Ross is on the verge of investing in fashion retailer Jigsaw.
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NewsDune London full-year like-for-like sales step up
Shoe retailer Dune London said that, despite the challenging retail environment, it had a “good year” in the UK.