Latest finance news – Page 257
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NewsSainsbury's profits drop as investment hits bottom line
Sainsbury’s has suffered a slump in half-year profitability as investments in price, increasing labour costs and Argos losses hit its bottom line.
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NewsBurberry profits rise as it reveals new strategy
Burberry’s profits and sales have risen, with the luxury group setting out a transformation plan for its future growth.
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NewsM&S profits slip as finance boss Weir steps down
Marks & Spencer has posted a fall in half-year profitability and revealed that its chief finance officer Helen Weir is quitting the business.
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NewsLovehoney profits and sales surge as partnerships pay off
Lovehoney has recorded skyrocketing full-year sales and profits driven by its collaborations with Fifty Shades of Grey and US cult hit TV show Broad City.
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NewsHobbs bought by Phase Eight and Whistles owner Foschini
Phase Eight and Whistles owner The Foschini Group (TFG) has acquired upmarket womenswear retailer Hobbs for an undisclosed sum.
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NewsPrimark profits rise and sales jump driven by UK
Primark recorded healthy rises in its preliminary profits and sales bolstered by its UK division, which defied the wider fashion downturn.
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NewsConviviality sales fizz fuelled by store upgrades
Conviviality has posted strong sales and like-for-like growth at the half-year mark as its store improvement strategy bears fruit.
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NewsGap’s UK losses widen as sales tumble
Gap’s UK losses have widened amid falling sales as the US-headquartered retailer grapples with a punishing fashion market.
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NewsNisa rebels aim to block Co-op’s takeover
A group of Nisa shopkeepers hope to block the Co-op’s £143m takeover of the convenience retailer.
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NewsMarks & Spencer expected to push on with store closures
Marks & Spencer is expected to drive on with a store closure plan and the shutters could come down on more branches.
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NewsFootasylum shares surge on stock market debut
Footasylum shares soared on the retailer’s stock market debut, valuing the business at close to £200m.
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NewsApple profits spike as it predicts record festive sales
Apple has posted a spike in fourth-quarter earnings and predicted record sales during the golden quarter, despite whispers of sluggish demand for new iPhones.
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NewsAgenda: Primark, New Look, M&S and Sainsbury's
Retail Week looks ahead to the next seven days, with updates from Primark, New Look, M&S, Sainsbury’s and Halfords on the agenda.
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NewsTesco's Lewis kept in dark over inflated profits, court told
Tesco boss Dave Lewis was kept in the dark about inaccuracies in the grocer’s 2014/15 half-year accounts, a court heard today.
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NewsOasis and Coast unveil profit lift as Warehouse falters
Oasis was the fashion group’s star performer in the year to February 28, 2017, registering a jump in profit and sales.
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NewsBank of England hikes interest rates to 0.5%
The Bank of England has increased interest rates for the first time in more than a decade.
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NewsOpinion: Morrisons excels in playing to its strengths
Morrisons posted an eighth consecutive quarter of sales growth today as it built further trading momentum. Bryan Roberts assesses the grocer’s progress.
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NewsMorrisons' Potts shrugs off potential interest rate hike
Morrisons boss David Potts has downplayed the impact a potential rise in interest rates could have on its progress.
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NewsNotonthehighstreet losses widen in 'year of investment'
Notonthehighstreet.com has reported swelling full-year losses as investments in its technological capabilities offset rising sales.
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NewsFatFace profits dip despite sales rise
FatFace’s profits dipped last year despite rising sales as the company ploughed investment into expansion and logistics.