Latest finance news – Page 291
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NewsChancellor 'listening' to business rates concerns
The Chancellor Philip Hammond has indicated that he is ready to soften the business rates blow after telling Conservative MPs he was “listening” to concerns.
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NewsBreakfast briefing: Hammerson, Tesco and more
Retail news round-up: Hammerson revamps Brent Cross shopping centre and Tesco Ireland reports sales growth amid strike
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NewsRetail sales growth slows as inflation bites
Retail sales were lower than expected in January, according to figures from the Office for National Statistics.
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NewsTrade groups slam 'outrageous' business rates plan
A 13-strong group of trade bodies have urged a government rethink on “outrageous” plans to prevent firms appealing against business rates rises.
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NewsArgos to pay £2.4m to staff paid below minimum wage
Argos is shelling out £2.4m in wages after an HMRC investigation revealed it had underpaid more than 37,000 current and former staff.
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NewsBusiness rates hikes could mean 'death of diversity'
Hikes in business rates for swathes of retailers could lead to a “death of diversity” on Britain’s high streets, according to a trade body.
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NewsToday in retail: Bunnings rebrand bites owner's profits
Wesfarmers’ ongoing rebrand of Homebase stores has taken a chunk of the retail group’s profits in its maiden half-year in the UK.
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NewsFlash Sale site Secretsales sold to Wowcher owner
Flash Sale etailer Secretsales.com has been sold to Excalibur Group, owner of deals websites Wowcher and LivingSocial UK and Ireland.
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NewsHomebase owner makes loss in UK amid Bunnings rebrand
Australian conglomerate Wesfarmers, which bought Homebase last February, said it made a pre-tax loss of £28m in the UK in its maiden half-year.
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NewsUK inflation highest level since June 2014
Annual price inflation reached its highest level since June 2014 last month, despite falling prices for clothing and footwear, driven by rising food prices.
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NewsToday in retail: Will inflation stunt consumer spending?
Retailers will have watched with interest today as the latest figures showed inflation has hit a two-and-a-half year high.
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NewsToday in retail: Tesco plagued by pricing pitfalls
Tesco has dominated the retail headlines today after claims that promotional offers at the shelf edge were not being applied at the tills.
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NewsCo-op Bank up for sale as finances falter
The Co-op Bank is putting itself up for sale, inviting offers to buy all shares.
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NewsAgent Provocateur deal nears as Lion emerges as bidder
Agent Provocateur’s owners are reportedly close to securing a deal, with the circle of buyers narrowing to around three.
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NewsL’Oréal confirms possible sale of The Body Shop
The Body Shop’s parent company L’Oreal is considering a sale of the retailer following falling sales and profits.
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NewsJaeger on the hunt for investors as turnaround continues
Jaeger is reportedly looking for investors, engaging Alix Partners to examine interest from potential partners or to find a buyer.
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NewsAdvent sells off remaining DFS shares as margin hit
Private-equity company Advent has sold remaining shares in DFS, which represent a 12.1% stake in the company.
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NewsAgenda: Homebase Bunnings reveal latest sales figures
Retail Week looks ahead to the next seven days with financial updates from Homebase Bunnings owner Wesfarmers on the agenda.
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NewsBoohoo gets legal green light for Nasty Gal deal
Boohoo has secured court approval for its acquisition of US fashion retailer Nasty Gal and remains on track to complete the £16m deal by the end of this month.
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NewsToday in retail: Dunelm dips as market bites
Dunelm revealed slumping profits today as a challenging market, disrupted supply chain and an acquisition-laden half took its toll.