Latest finance news – Page 258
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NewsMorrisons sales rise as price campaigns gain traction
Morrisons has posted a jump in third-quarter sales as it hailed progress in becoming “more competitive” on price.
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NewsNext full-price sales edge up in third quarter
Next’s full-price sales advanced 1.3% in the 12 weeks to October 29, driven once again by growth at its healthy Directory business.
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NewsReiss profits drop amid global openings
Reiss’ profits dropped last year despite rising sales as the retailer ploughed investment into global openings.
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NewsBrightHouse bondholders close in on takeover deal
A consortium of BrightHouse’s bondholders is reportedly working towards a debt-for-equity deal for the struggling business.
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NewsConsumer confidence slips amid fears over UK economy
Consumer confidence declined further in October as concern over the UK economy took its toll on shoppers’ outlook.
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NewsDebenhams shares may prove costly for Sports Direct
Sports Direct acquired shares in department store group Debenhams last week and might have paid more than they are worth.
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NewsPlanet Organic hires advisers to consider sale
Planet Organic’s owners are considering a sale of the healthy eating specialist.
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NewsWaterstones’ owner Mamut considers £250m sale
Waterstones may be sold by its Russian owner, who has drafted in advisers to explore options.
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NewsToday in retail: Frenetic Friday for Wilko and Jigsaw
Retailers are living in turbulent times – and a frenetic Friday has only added to the sense of struggle.
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NewsJigsaw owner puts fashion chain up for sale
Jigsaw is on the hunt for a new owner as the high street chain grapples with an increasingly turbulent fashion market.
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NewsAmazon profits fall despite third-quarter sales surge
Amazon profits fell in its third quarter but shares in the business soared as it beat market expectations.
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NewsWilko sheds 1,000 staff following consultation
More than 1,000 people are to exit variety store group Wilko following a redundancy consultation involving 3,712 staff, Retail Week can reveal.
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NewsFootasylum set for £170m valuation on AIM
Footasylum expects its market capitalisation to be £171.3m when it launches its IPO on AIM next week at the price of £1.64 per share.
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NewsShopper spending power falls as inflation bites
Consumers’ disposable income fell in 10 out of 12 UK regions last month as gains in salary were offset by the rising cost of household bills.
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NewsAgenda: Morrisons and Next update the market
Retail Week looks ahead to the next seven days, with third quarter updates from Morrisons and Next on the agenda.
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NewsSelfridges profits jump as investment plan pays off
Selfridges has posted a jump in profits as its ambitious investment strategy began to bear fruit.
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NewsNew Sports Direct hire to review strategic stakes
Sports Direct has recruited a head of strategic investments who will review all the retailer’s stakes in other businesses.
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NewsDebenhams posts profits fall but new strategy bearing fruit
Debenhams has suffered a fall in full-year profits but boss Sergio Bucher is pleased with the progress of his new strategy to reinvigorate the business.
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NewsWest End retailers poised for Christmas spending spree
Retailers across London’s West End are set to profit from a Christmas spending spree as international shoppers snap up Brexit bargains.
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NewsM&S fashion head leaves to run White Stuff
Marks & Spencer fashion boss Jo Jenkins is quitting the bellwether retailer to take the reins at White Stuff.