Latest finance news – Page 293
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NewsH&M profits hit by discounting and higher sourcing costs
H&M said its full-year profits were dented by discounting and higher purchasing costs stemming from the strength of the US dollar.
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NewsConsumer confidence edges up despite big ticket turn off
Consumer confidence crept up in January but shoppers’ reluctance to make big ticket purchases hinted at a potential slowdown in spending.
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NewsTofs empowers local stores as Christmas sales climb
Tofs sales grew this Christmas, driven by seasonal products and a greater focus on local service.
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NewsConviviality swings to black but retail like-for-likes fall
Conviviality has hailed a return to profit during its first half, despite a fall in like-for-like retail sales.
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NewsAgent Provocateur offers flood in as sales talks progress
Troubled lingerie chain Agent Provocateur has attracted more than a dozen bidders, according to reports.
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NewsPaperchase appoints former Pets boss as new chairman
Paperchase has appointed former Pets at Home chief executive Nick Wood as its chairman.
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NewsToday in Retail: Tesco's new chapter with Booker buy
Tesco served up a surprise today with news that it is buying wholesaler Booker Group in a £3.7bn deal.
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NewsFrench Connection signals director departure
French Connection has reportedly indicated that two of its non-executive directors are to step down, in a victory for investor pressure.
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NewsTesco boss Lewis reveals Cousins quit over Booker deal
Tesco boss Dave Lewis has admitted that non-executive director Richard Cousins quit the grocer because he disagreed with the Booker deal.
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NewsTesco's Lewis downplays Booker deal competition concerns
Tesco boss Dave Lewis has shrugged off suggestions that competition authorities could hamper its proposed merger with food wholesaler Booker.
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NewsShop Direct owners the Barclays mull share sell-off
Shop Direct owners the Barclay brothers are considering selling off their stake in the business, in a deal that could value the etailer at £2bn.
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NewsTesco to buy wholesaler Booker in £3.7bn deal
Tesco and food wholesaler Booker have unveiled plans to merge in a deal that values the Londis and Budgens owner at £3.7bn.
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NewsConsumer confidence rises at quickest rate since August
Consumer confidence has grown at its quickest rate since August, as shopper sentiment continues to rally following the shock of the Brexit vote.
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NewsHammerson toasts festive sales rise at UK shopping centres
Hammerson posted an increase in sales across its UK shopping centres in December, as athleisure, electricals and department store retailers drove performance.
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NewsFindel sales soar as Express Gifts remains standout
Home shopping firm Findel has posted a jump in sales over Christmas as its Express Gifts business continued to perform strongly.
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NewsCard Factory delivers Christmas sales rise
Card Factory has reported a rise in Christmas sales and said its full-year profits will be “slightly” ahead of analyst expectations.
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NewsAsos co-founder earns £15.5m from share sell-off
Asos co-founder Nick Robertson has sold 300,000 shares in the business, netting more than £15.5m.
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NewsToday in Retail: WHSmith books another sales rise
It isn’t just the recipients of spoof humour books who have been left chuckling post-Christmas – WHSmith is laughing too, all the way to the bank.
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NewsInflation hits 30-month high to squeeze spending power
Inflation reached its highest level for two-and-a-half years in December as rising prices put a squeeze on consumer spending power.
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NewsTesco faces fresh legal claim over accounting scandal
Tesco has been hit with a fresh legal writ from investors in the aftermath of its £326m accounting scandal.