Latest finance news – Page 269
-
NewsMcColl’s first-half profits hit by Co-op deal costs
McColl’s has posted a fall in pre-tax profits, reflecting its acquisition of 298 Co-op stores.
-
NewsGraze prepares for sale with £300m price-tag
Graze, the retail snacks specialist, is being lined up for a £300m sale by its private-equity owner.
-
NewsAsda casts slide-rule over variety store group B&M
Asda is mulling a £4.4bn bid for variety store star B&M, it has been reported.
-
NewsThe Perfume Shop profits slide as online drives sales
The Perfume Shop posted a decline in its full-year profits, which it attributed to increased competition from etailers and rising costs.
-
NewsAO.com sales rise despite ‘challenging’ UK environment
AO.com has hailed sales growth during its first quarter but warned that the UK trading environment “remains challenging”.
-
NewsAgenda: Joules, Gear4music and the latest grocery data
Retail Week looks ahead to the next seven days, with updates from Joules, Gear4Music and the latest grocery market share data all on the agenda.
-
NewsToday in retail: The sun shines on retail sales
June provided some light in the midst of what could be a long and gloomy tunnel for retailers and consumers alike.
-
NewsShop Direct sale scrapped by Barclay brothers
The Barclay brothers have decided not to sell or float Shop Direct due to declining investor appetite.
-
NewsQuiz valued at over £200m as float nears completion
Fast fashion retailer Quiz has been priced at £102.7m prior to the completion of its stock market listing on AIM and given a market cap of around £200m.
-
NewsMothercare UK like-for-likes creep up in first quarter
Mothercare’s UK like-for-like sales edged up 1.9% in its first quarter but a poor performance in the Middle East caused its international sales to sag.
-
NewsSports Direct full-year profits plummet, new CFO hired
Sports Direct’s profits plummeted nearly 60% last year and the Mike Ashley-controlled retailer appointed Jon Kempster from JVM group as its new chief financial officer.
-
NewsHotel Chocolat's Thirlwell predicts 'flight to quality'
Hotel Chocolat boss Angus Thirlwell insists there will be “a flight to quality” among consumers as uncertainty over Brexit and inflationary pressures ramp up.
-
NewsHotel Chocolat sales rise ahead of expectations
Hotel Chocolat posted a jump in its full-year sales as the retailer’s new store format and products sweetened growth.
-
NewsToday in retail: Can Zalando take on Asos in the UK?
As Zalando continues to add to its proverbial armoury, the German etailer is marching ever closer to a frontline battle with its main fashion rival in the UK, Asos.
-
NewsOak Furniture Land profits jump as it targets US market
Oak Furniture Land’s profits and sales advanced last year as the furniture retailer made its US debut.
-
NewsJohn Lewis sales edge up in final week of summer Sale
John Lewis department store sales jumped 4% to £86.4m last week, during the final seven days of its summer Clearance event.
-
NewsZalando sales rise as it launches membership scheme
Zalando has posted surging half-year sales and launched a new premium membership scheme in its native Germany.
-
NewsToday in retail: Conviviality’s Hunter becomes the hunted
Conviviality is toasting a landmark year under its boss Diana Hunter, after sales and profits fizzed during what it called a “transformational” year.
-
NewsConviviality posts surge in sales and profits
Conviviality, the drinks specialist, has reported profit before tax up 147% to £22.5m after a “transformational year”.
-
NewsJack Wills back in the black after cutting promotions
Fashion retailer Jack Wills has returned to profit after making efficiencies and cutting promotions.