Latest finance news – Page 277
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NewsShop Direct private equity interest stalls
Some leading private-equity houses have decided against bidding for home shopping giant Shop Direct.
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NewsSchuh reveals rising profits to beat footwear market
Schuh has revealed rising profits and sales in its full-year results, as it continues to press ahead with store expansion.
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NewsFrench Connection investors issue Marks ultimatum
The bitter French Connection row has escalated further after one of the company’s biggest shareholders issued an ultimatum to its founder Stephen Marks.
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NewsAsda slashes small supplier payment terms to 14 days
Asda is reducing its payment terms for small suppliers to 14 days as it beefs up efforts to work “more effectively” with its supply base.
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NewsBreakfast briefing: Nisa retail, French Connection and more
Retail news round-up: Nisa retail in £120m refinancing deal; French Connection's boss in trouble; and Koovs appoints new design head.
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NewsStore Twenty One given more time as it sells head office
Store Twenty One has won a stay of execution after a court allowed it two more weeks to raise the money needed to avoid administration.
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NewsJacques Vert owner set for rescue by investor group
A group of retail investors is in talks to rescue Jacques Vert owner Style Group Brands through a pre-pack administration.
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NewsShop prices fall but grocery inflation gathers pace
A slight increase in food prices has fuelled the shallowest rate of overall shop price inflation in over three years.
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NewsConsumer confidence picks up in May despite inflation
Consumer sentiment enjoyed an unexpected uplift last month, despite inflation rising to its highest level for four years.
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NewsToday in retail: Tesco and Booker begin watchdog slog
If the competition watchdog’s recent record is anything to go by, Tesco and Booker should brace themselves for a long slog.
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NewsChinese healthcare firm in last-minute Body Shop bid
A Chinese healthcare company is considering making a late bid for the Body Shop, which has been put up for sale by its French owner L’Oréal.
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NewsBreakfast briefing: Edinburgh Woollen Mill and more
Retail news round-up: Edinburgh Woollen Mill owner opens new department store; Renhe Pharmacy plans to bid for Body Shop; and Jack Wills launches in Germany.
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NewsUpdated: The Hut Group snaps up web-hosting firm UK2
Acquisitive etail group The Hut has bought web-hosting business, UK2, to bolster its technology platform and accelerate its international expansion plans.
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NewsMountain Warehouse profits ascend as expansion beckons
Mountain Warehouse earnings soared last year as its chief executive Mark Neale hailed the “massive benefits” of its international stores and looked to future expansion.
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NewsBHS administrator could rack up more fees
BHS administrator Duff & Phelps stands to make further fees for work following the retailer’s collapse, which would bring its total remuneration to almost £4m.
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NewsArcadia tycoon Green hopes to rescue Topshop Australia
Arcadia owner Sir Philip Green aims to stage a rescue of the Topshop business in Australia following the collapse into insolvency of the retailer’s franchise partner Down Under.
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NewsBlue Diamond profits bloom as store estate grows
Blue Diamond posted a leap in its full-year profits and like-for-like sales as it continues to expand its bricks-and-mortar footprint.
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NewsBreakfast briefing: BHS, consumer spending and more
Retail news round-up: BHS administrator's high fees; UK consumer spending shows slow growth; and Irish retail sales surge.
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NewsToday in retail: Thursday’s throng of financial updates
Today brought a flurry of results as B&M, Pets at Home, Halfords, Card Factory and Conviviality updated the market.
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NewsConviviality sales jump amid 'unprecedented' change
Bargain Booze owner Conviviality has posted a jump in retail sales during what it called an “unprecedented year of change”.