Latest finance news – Page 255
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NewsFeather & Black follows Multiyork into administration
Feather & Black has tumbled into administration just a week after its stablemate Multiyork, putting 123 jobs at risk.
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NewsMaplin hails ‘robust’ trading amid tough conditions
Maplin has issued “robust” full-year results and lifted the lid on renegotiated banking facilities after credit insurers reportedly scaled back their exposure.
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NewsJohn Lewis invests in food and fulfilment tech start-ups
John Lewis Partnership has backed two more start-ups as part of its JLab investment programme.
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NewsMaplin bids to calm credit insurer concern after cover cut
Maplin is seeking to reassure suppliers about its financial health after credit insurers cut coverage of the electricals retailer.
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NewsBooths raises ‘for sale’ sign following tough trading
Booths, the privately owned grocer, has drafted in advisers to organise a sale.
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NewsSports Direct seeks to pay Mike Ashley’s brother £11m
Sports Direct has called a shareholders’ general meeting next month to approve an £11m payment to controversial founder Mike Ashley’s brother, John.
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NewsAgenda: Topps Tiles, Pets at Home, Findel, Eve Sleep
Retail Week looks ahead to the next seven days, with updates from Topps Tiles, Pets at Home, Findel and Eve Sleep on the agenda.
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NewsOasis, Coast, Warehouse sale talks revived by Emerisque
Oasis, Coast and Warehouse owner Kaupthing Bank is back in talks to offload the businesses, Retail Week has learned.
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NewsMothercare losses widen despite like-for-like rise
Mothercare’s losses widened during its half-year despite a healthy like-for-like rise at its UK business.
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NewsMajestic sales up as business swings to profit
Majestic Wine has swung to a profit in its first half, helped by rising sales.
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NewsKaren Millen losses narrow under Butterwick
Karen Millen’s losses have narrowed in what boss Beth Butterwick has termed as a ‘year of change’.
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NewsMultiyork collapses into administration
Furniture retailer Multiyork has tumbled into administration, leaving the future of its 50 stores and 547 staff hanging in the balance.
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NewsQuiz profits advance in first results since float
Quiz, which made its stock market debut at the end of July with a £245m valuation, hailed “strong growth” across all channels in its first half.
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NewsScS bucks big-ticket blues with first-quarter sales rise
Sofa and carpet specialist SCS unveiled positive like-for-likes in its first quarter as it continues to sidestep the big-ticket slowdown caused by tough market conditions.
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NewsEx-Asda boss Clarke ‘surprised’ by Tesco-Booker verdict
Former Asda boss Andy Clarke admits he was ‘surprised’ by the competition watchdog’s decision to provisionally approve Tesco’s £3.7bn mega-merger with Booker.
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NewsSports Direct increases credit facility to £907m
Sports Direct has increased its credit facility to more than £900m to help fund founder Mike Ashley’s vision to become ‘the Selfridges of sport’.
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NewsAO.com losses widen as investment hits bottom line
AO.com has posted widening losses at the interim mark despite healthy sales rises across the UK and Europe.
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NewsKingfisher UK sales driven up by Screwfix and inflation
Kingfisher posted a boost in its overall third-quarter sales as a strong performances at Screwfix compensated for falling sales at B&Q.
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NewsCrew Clothing on cusp of sale to Exquisite Apparel
Crew Clothing is on the cusp of being sold to US-based clothing manufacturer Exquisite Apparel, Retail Week has learned.
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NewsDFS’ Sofology acquisition given green light by CMA
DFS has been given the go-ahead by the competition watchdog to complete its £25m acquisition of rival retailer Sofology.