Latest finance news – Page 31
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NewsAsda stares down refinancing challenge ahead of Walmart repayment
Asda is staring down at what may be a potentially complex financial restructuring ahead of steep payment owed to its former owner.
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NewsBoohoo partially repays loan as co-founder buys more shares in embattled fashion retailer
Fast-fashion giant Boohoo has announced the partial repayment of its £97m term loan as part of its recently completed refinancing.
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NewsCo-op extends sustainability revolving credit facility
C-store specialist Co-op has extended its £400m sustainability-linked revolving credit facility for another five years.
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NewsMothercare sales slip as it swings to loss
Mothercare has posted falling sales and sliding profits as it swings to a loss during the first half.
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NewsJust Eat to delist from London Stock Exchange
Delivery giant Just Eat has made the decision to quit the London Stock Exchange in order to save costs, in the latest blow for the City.
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NewsNovember footfall sees ‘significant’ increase despite stormy weather
Retail footfall in November saw its greatest month on month increase since 2013 despite chaos from storm Bert.
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NewsDr Martens warns of further profit headwinds as start for new CEO confirmed
Dr Martens has warned that the rest of the financial year will bring further profit and revenue headwinds, as it confirmed the start date for its new chief executive Ije Nwokorie.
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NewsSecret Sales acquires H&M brand Afound to ‘expand its footprint’ in the Nordics
Discount premium marketplace Secret Sales has acquired H&M’s digital fashion outlet Afound, as it continues its European expansion into the Nordics.
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NewsPets at Home reveals Budget costs hit and lowers profit guidance in ‘subdued’ market
Pets at Home has disclosed the additional cost burden it must bear following the recent Budget and lowered profit expectations amid difficult trading conditions.
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NewsFrasers acquires South African sportswear retailer as it snaps up stake in Marks Electricals
Frasers Group has snapped up South African sportswear retailer Holdsport Group for an undisclosed sum on the same day it took a £3m stake in British brand Marks Electricals.
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NewsSosandar eyes more stores and partnerships as it builds reach
Fashion retailer Sosandar is targeting further store openings after the success of the first few, and aims to strike deals to sell through other retailers as it has with Marks & Spencer and Next.
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NewsIncreasing shop prices herald return of inflation, BRC warns
The British Retail Consortium has warned we are beginning to see the return of inflation due to the measures announced in the Budget, as shop prices rose in October.
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NewsTopps Tiles sales hit by big-ticket slowdown
Topps Tiles saw sales drop as shoppers held back on big-ticket home improvement spending.
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NewsSosandar sales drop as it moves away from promotions
Sales at Sosandar dropped by almost 30% in the last six months as it changed its pricing to encourage more shoppers to pay full RRP on their purchases.
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NewsHalfords urges government to reform apprenticeship levy as sales and profits stall
Halfords has called on the government to urgently reform the apprenticeship levy, as sales and profits trended down in the first half.
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NewsAO upgrades guidance again as profits and sales soar
Electricals giant AO has again upgraded its full-year guidance as both profits and sales soared in the first half.
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NewsAnn Summers owners are exploring potential sale options
The Gold family, which owns Ann Summers, is exploring options for the business that could include a partial or majority sale.
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NewsKingfisher has tightened its profit guidance as sales remain flat
DIY giant Kingfisher has tightened its full-year profit guidance after sales remained flat in the three months to October 2024.
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NewsUK retail sales fall in October after three months of growth
UK retail sales volumes fell in October after a marginal increase in September as retailers reported that Budget uncertainty affected sales.
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NewsSuperdry warns of profit decline as sales slide after London stock market exit
Superdry has warned on profitability for the year ahead as sales fell during the current financial year following the fashion retailer’s departure from the London Stock Exchange in bid for survival.