Latest finance news – Page 254
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NewsJoules sales jump as expansion continues apace
Joules has unveiled a near 20% sales jump in its first half as the retailer continues to expand across all its markets.
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NewsSnow on vital trading weekend dampens Christmas outlook
Christmas could be on ice after snow derailed trading on the third weekend before Christmas – a typically busy period for retailers.
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NewsCarpetright warns on profits as tough market bites
Carpetright has warned that full-year profits will come towards the bottom end of market expectations as tough trading conditions continued.
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NewsHouse of Fraser and New Look hit by credit downgrade
House of Fraser and New Look have had their credit ratings downgraded by investor agency Moody’s following erratic trading.
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NewsBrightHouse close to £220m restructuring deal
BrightHouse is poised to reveal a £220m financial restructuring through a debt-for-equity swap.
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NewsSteinhoff shares crash 75% after accounting probe
Steinhoff has had around three-quarters of its market value wiped out in just 48 hours after launching a probe into accounting irregularities.
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NewsSteinhoff boss Jooste resigns amid accounting scandal
Poundland owner Steinhoff’s chief executive Markus Jooste has stepped down with immediate effect as the group launches a probe into “accounting irregularities”.
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NewsMulberry sales buoyed by post-Brexit tourist boom
Mulberry’s UK sales edged up 1% to £45m in its first half after an increase in tourist spend in London balanced out slowing domestic demand.
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NewsEdinburgh Woollen Mill reveals rising profits and sales
Edinburgh Woollen Mill Group has revealed that profits and sales both grew in the year in which it acquired Austin Reed, Country Casuals and Viyella.
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NewsMcColl’s sales pass £1bn amid store acquisition plan
McColl’s has posted a spike in full-year revenues as its acquisition of almost 300 Co-op stores pushed top-line sales through the £1bn barrier.
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NewsFortnum & Mason profits jump spurred by heritage items
Fortnum & Mason has recorded a spike in full-year profits and its fifth consecutive year of double-digit sales growth.
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NewsAgenda: BRC-KPMG retail sales and Mulberry interims
Retail Week looks ahead to the next seven days, with an update from Mulberry and the BRC-KPMG retail sales monitor on the agenda.
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NewsFurniture Village warns on market as profits slump
Furniture Village’s bottom line was dented last year as it invested to defend itself against a ‘deteriorating economic backdrop’.
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NewsTheo Paphitis and Peter Jones sell Red Letter Days
Red Letter Days owners and Dragons’ Den alumni Theo Paphitis and Peter Jones have sold the experience business to Smartbox Group.
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NewsConsumer confidence tumbles during November
Shopper sentiment declined over the last month as ‘household jitters’ and squeezed incomes conspired to dampen the consumer mood.
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NewsSports Direct 'front runner' to buy Brixton markets
Sports Direct has emerged as the front runner to snap up Brixton’s covered markets in a £30m swoop.
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NewsPalmer & Harvey administration leaves 2,500 jobless
Wholesaler Palmer & Harvey has collapsed into administration, causing 2,500 redundancies and leaving another 900 jobs at risk.
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NewsEve Sleep sales soar as UK trading exceeds expectations
Eve Sleep, the mattress-in-a-box retailer, has reported rocketing sales as its UK business performs above expectations.
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NewsGame offloads Multiplay Digital in £19m deal
Game has sold its Multiplay Digital business to Unity Technologies following a strategic review of its digital activities.
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NewsTopps Tiles profits tumble amid ‘challenging’ market
Topps Tiles has suffered a fall in full-year profits as the business grappled with “challenging trading conditions”.