Latest finance news – Page 267
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NewsCath Kidston profits jump as international arm blooms
Cath Kidston’s full-year profits surged as “essential Britishness” struck a chord with shoppers in its overseas markets.
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NewsWhite Stuff profits drop in 'a year of investment'
White Stuff has posted a drop in earnings following “a year of investment” into its store expansion plan.
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NewsNew Look sales nosedive in 'disappointing' first quarter
New Look has reported steep falls in its first-quarter sales and profits which boss Anders Kristiansen has attributed to “difficult” conditions in the UK market.
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NewsPets at Home sales rise driven by services arm
Pets at Home has posted a sales upswing as its veterinary services drove growth in what boss Ian Kellett hailed as a “strong” first quarter.
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NewsMike Ashley ups stake in Goals Soccer Centres
Sports Direct founder Mike Ashley has nearly doubled his stake in five-a-side football pitch company Goals Soccer Centres.
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NewsSpar’s biggest supplier considers sale of wholesale arm
Spar’s biggest supplier, AF Blakemore, has appointed KPMG to advise on a potential £100m sale of its wholesale business.
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NewsSports Direct investors desert Ashley-owned firm
Sports Direct’s independent investors are deserting it, as some suspect the retailer may never resolve its corporate governance crisis.
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NewsAgenda: Pets at Home and DFS update the market
Retail Week looks ahead to the next seven days, with updates from Pets at Home and DFS on the agenda.
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NewsWyevale close to refinancing debt after losses mount
Wyevale Garden Centres is close to securing new funding that will put it on a stronger footing after racking up losses of around £100m last year, Retail Week understands.
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NewsToday in retail: DFS and Sofology cosy up
It’s fast becoming a week of deals in the retail sector, with consolidation seemingly the order of the day.
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NewsYoox Net-a-Porter profits climb in first half
Yoox Net-a-Porter has reported a rise in sales and earnings in the first half of the year.
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NewsNext full-price sales edge up in second quarter
Next has posted a 0.7% rise in full-price sales in the second quarter, helped by warm weather.
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NewsDFS acquires sofa specialist Sofology in £25m deal
DFS is to buy specialist sofa competitor Sofology in a deal valued at £25m.
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NewsToday in retail: Asda slides while B&M swoops
In another day dominated by the value grocery market, Asda has revealed a dismal performance over its past year and B&M has swooped in on Heron Foods.
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NewsB&M snaps up retailer Heron Foods in £152m deal
Value giant B&M has bought retailer Heron Foods in a push into convenience retail.
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NewsAsda suffers full-year profits and sales slump
Asda’s full-year performance fell “behind expectations” as the struggling grocer’s profits and like-for-like sales declined.
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NewsWickes owner Travis Perkins profits dip as headwinds hit
Travis Perkins’ profits slipped in its first half, during which the group was impacted by weakening housing transactions and consumer confidence, as well as cost inflation.
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NewsApple sales boosted by its burgeoning services arm
Technology giant Apple said its services division, including Apple Pay, the App Store and Apple Music, helped drive sales in its third quarter.
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NewsRising shop price trend grinds to a halt
Lower food price inflation in July has brought the march of overall shop prices towards inflationary territory to a halt, the British Retail Consortium (BRC) has said.
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NewsFood prices 'to rise 3% per year until 2022'
Grocery prices in the UK are poised to jump 3% every year until 2022, new research suggests.