Latest finance news – Page 276
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NewsSteinhoff profits jump as Poundland sales climb
Steinhoff delivered a leap in profits and sales at the half-year mark, although its recent clutch of acquisitions dented margins.
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NewsBody Shop price tag hurt by 'poor profit expectations'
Body Shop’s parent company L’Oreal hopes to sell it for €800m but is reportedly forecasting a slump in the ethical retailer’s upcoming profits.
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NewsBreakfast briefing: Taveta Investments and Body Shop
Taveta Investments reports decline in profits and L’Oreal may not receive €800m for Body Shop sale
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NewsSports Direct ups stakes in US sportswear businesses
Sports Direct has increased its investments in Umbro-owned Iconix Brand Group and doubled its stake in retailer Finish Line.
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NewsGo Outdoors chief executive Chris Matthews steps down
Go Outdoors boss Chris Matthews has resigned after four years at the helm, just weeks after its acquisition by JD Sports was approved.
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NewsNew Look's former owner Apax tables bid for Shop Direct
The previous joint owner of New Look, Apax Partners, and former custodian of Phones 4U, BC Partners, have both lodged bids for Shop Direct.
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NewsShoe Zone half year profits hit by slumped sterling
Shoe Zone blamed the devaluation of sterling against the dollar since last year’s Brexit vote for a slump in half-year profits.
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NewsToday in retail: New Look and AO sing the retail blues
Underwhelming results from New Look and AO.com, plus gloomy BRC retail sales, compounded to paint a bleak portrait of the retail landscape today.
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NewsJohn Lewis sales boosted by demand for summer clothing
John Lewis said sales increased 2% to £83.8m in the week to June 3 as the hot weather encouraged customers to update their summer wardrobe.
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NewsJoules sales spike as it ramps up profit expectations
Joules has enjoyed a spike in sales in its first full year since its IPO and ramped up its profit guidance ahead of its preliminary results.
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NewsNew Look profits slump as UK sales suffer
New Look has suffered a slump in full-year profits and like-for-like sales amid a stark warning that the coming year will “remain challenging”.
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NewsAO.com narrows losses despite ‘challenging’ UK market
AO.com has narrowed its full-year losses despite the “challenging trading environment” in the UK and continued losses in Europe.
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NewsUK retail sales fall as consumers still feel squeezed
UK retail like-for-like sales fell by 0.4% in May as consumers feel the strain from rising inflation.
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NewsToday in retail: Ocado and Iceland reap online rewards
It’s been years in the making – and today Ocado could finally bask in the limelight of its first international deal.
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NewsTesco PwC probe closed by accounting watchdog
The UK’s accounting watchdog has closed its investigation into Tesco’s accounts, which was launched in the wake of the grocer’s profits scandal.
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NewsIceland profits climb as strategic initiatives bear fruit
Iceland has posted a rise in full-year sales and profits as its business improvement programme delivered results.
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NewsTesco investor warns grocer over Booker deal
The boss of Tesco investor Artisan Partners has claimed he has not spoken to a single investor who backs the grocer’s proposed tie-up with wholesaler Booker.
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NewsJacques Vert owner sold to Tillman-backed consortium
Jacques Vert-owner Style Group Brands, has been rescued by a new owner – a subsidiary of Calvetron Style Holdings Limited.
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NewsProfits slide 16% at Topshop owner Arcadia
Profits at retail tycoon Sir Philip Green’s Arcadia business have fallen as the Topshop to Dorothy Perkins group confronted harsh trading conditions.
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NewsBreakfast briefing: Tesco, Sainsbury’s and more
Retail news round-up: Tesco investors against the Booker merger; Fairtrade boss accuses Sainsbury’s of replacing it; and Leesa to launch new model in the UK.