Latest finance news – Page 279
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NewsBreakfast briefing: McColls, Ikea and more
Retail news round-up: McColls boss plans to buy Tesco’s One Stop chain; Ikea to move production to the UK; Terra Firma pays Wyevale's debt; and M&S revisits archives for new collection.
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NewsJoy rescued by owners in pre-pack administration deal
Joy has been bought out of administration by its owner Louche London in a pre-pack deal, saving 230 jobs.
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Tesco faces further legal fight over accounting scandal
Tesco may face another legal challenge arising from the accounting scandal that hit the retailer.
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NewsMoss Bros beats tough fashion market as sales rise
Moss Bros, the menswear specialist, has posted a rise in sales and is confident of meeting City earnings expectations despite uncertain retail conditions.
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NewsSports Direct increases stakes in US businesses
Sports Direct has upped its investments in Umbro-owner Iconix Brand Group and retailer Finish Line.
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NewsBooker's Wilson: Our retailers support Tesco merger
Booker boss Charles Wilson has insisted Premier, Londis and Budgens retailers are supportive of the group’s proposed merger with Tesco.
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NewsAsda suffers further sales decline but hails 'momentum'
Asda has suffered its 11th consecutive quarter of falling sales but bosses hailed continued “improvement” in performance.
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NewsMothercare boss: 'This is a watershed moment for us'
Mothercare boss Mark Newton-Jones has hailed the past year a “watershed moment” for the nursery specialist.
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NewsBurberry profits slip amid 'year of transition'
Burberry’s pre-tax profits slipped after what the luxury fashion business dubbed “a year of transition”.
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NewsJD Sports gets green light for Go Outdoors takeover
JD Sports’ £112m acquisition of Go Outdoors has been given the green light by the competition watchdog.
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NewsMothercare profits fall as core UK arm narrows losses
Mothercare has suffered a fall in full-year profits but hailed the performance of its core UK business during its second half.
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NewsBooker profits jump as Tesco merger progresses
Booker has posted a jump in full-year earnings despite suffering a dip in sales to retailers.
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NewsSpar sales boosted by new retailer members and stores
Spar has reported an 8.5% increase in UK sales to £2.84bn in 2016, as new retailer members joined the c-store group.
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NewsBreakfast briefing: Retail Acquisitions, The Hut Group and more
Retail news round-up: Retail Aquisitions declared inslovent, and The Hut Group in talks to buy UK2 and Spar records surge in sales.
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NewsToday in retail: Inflation, Retail 2020 and Asos fire
Today, as the British Retail Consortium (BRC) laid out its vision for the future of work and jobs in the sector, the latest Office for National Statistics inflation figures brought potentially bad news for retailers.
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NewsInflation rises to highest level since September 2013
The UK’s inflation rate rose to its highest level since September 2013 last month, driven by higher air fares and increasing clothing prices.
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NewsToday in retail: Buyers wake up to Dream acquisition
Dreams has drawn interest from Chinese buyers in the first round of bids for the business, which was put up for sale in January.
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NewsSports Direct staff agency Transline nears rescue deal
Transline, the employment agency embroiled in Sports Direct’s warehouse scandal, is approaching a rescue deal with Assist Resourcing.
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NewsDreams bidders bed in on £400m takeover deal
Dreams has piqued the interest of rival Chinese mattress-makers and UK giant Silent Night in the first round of bids for the business.
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NewsAmara is sitting pretty as home etailer narrows losses
Home furnishings etailer Amara narrowed its losses last year as it made strides to conquer new territories overseas, Retail Week can reveal.