Latest finance news – Page 300
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NewsToday in retail: Boxing Day campaign gets a body blow
Despite the campaign garnering over 140,000 signatures, calls for shops to be forced to close on Boxing Day have been shunned by the Government.
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NewsBlue Inc faces takeover by its biggest supplier
Struggling fashion retailer Blue Inc is set to be taken over by Padma Textiles – its biggest supplier – through a debt-for-equity arrangement.
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NewsGrowth in UK economy won't last, business body warns
Growth in UK GDP will “dampen” in 2017, the British Chambers of Commerce has warned, despite the economy rallying following the Brexit vote.
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NewsBHS administrators could force City advisers to pay £8m
Administrators investigating the collapse of BHS could force City firms that acted as advisers on its sale to cough up more than £8m.
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NewsBreakfast briefing: Dr Martens, Agent Provocateur and more
Retail news round-up: Dr Martens plans 100 new outlets, Agent Provocateur reshuffles its board, MPs to hold debate on Boxing Day trading, and more
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NewsToday in Retail: M&S bonus ball keeps on rolling
Steve Rowe’s pay incentive is not just any bonus, it’s an M&S turnaround bonus – and a pretty substantial one at that.
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NewsAgenda: Dixons Carphone, Carpetright and sales data
Retail Week looks ahead to the next seven days with updates from Dixons Carphone and Carpetright, plus the latest retail sales data all on the agenda.
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NewsOcado sales and orders up in ‘strong’ fourth quarter
Ocado has unveiled strong growth in sales and order volumes in its fourth quarter but said “industry wide price deflation” hit average order size.
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NewsSports Direct profits plunge following failure to hedge
Sports Direct has reported sinking profits in a “tough” half year, as its failure to hedge in the aftermath of the referendum hits the business.
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NewsJoules sales jump as international expansion continues
Joules sales have continued to rise, jumping an estimated 16.2% in a pre-close update for its first half.
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NewsSports Direct corporate broker allegedly quit over share concerns
Sports Direct’s founder Mike Ashley is being sued by a former Merrill Lynch banker, who claims the bank quit as corporate broker over share deal concerns.
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NewsTopps Tiles admits error over sales figure
Topps Tiles’ share price has slipped after the retailer admitted it miscalculated sales for the first eight weeks of its financial year.
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NewsFortnum & Mason profits surge as provenance pays off
Fortnum & Mason has posted a jump in full-year profit as its iconic hampers and fast-growing online business drove sales.
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NewsBHS court battle looms as pensions row continues
Hopes of plugging the BHS pension fund before Christmas are diminishing after advisers for Sir Philip Green clashed with pension regulators.
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NewsCoast, Oasis and Warehouse reveal full-year growth
Coast, Oasis and Warehouse have reported full-year growth, days after it emerged that a possible sale was on the cards for the trio.
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NewsMissguided sales rocket but investment hits profits
Missguided has reported soaring full-year sales against a backdrop of declining profits, prompted by major investment.
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NewsAgenda: Sports Direct and Ocado post updates
Retail Week looks ahead to the next seven days with updates from Sports Direct and Ocado, plus the latest retail sales data on the agenda.
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NewsKaren Millen losses widen as sales slide
Fashion retailer Karen Millen has reported widening losses and falling sales for its last full year.
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NewsDFS drops out of FTSE 250 despite rising profits
DFS has dropped out of the FTSE 250 a month after a major shareholder slashed its stake in the retailer.
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NewsMcColl’s like-for-likes drop as it eyes store expansion
McColl’s has posted a fall in its full-year like-for-likes despite overall sales edging up as the retailer further drives bricks-and-mortar expansion.