Latest finance news – Page 311
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NewsIkea group sales jump as it prepares to enter India and Serbia
Ikea has hailed a year of “solid growth” as the furniture giant prepares to launch a bricks-and-mortar presence in two new markets.
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NewsOcado CFO: 'We could not be better placed' to weather storm
Ocado finance boss Duncan Tatton-Brown says the etailer “could not be better placed” to ride out the challenges of the grocery market.
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NewsInflation holds steady as rising food prices are offset by clothing
UK inflation was unchanged in August after hitting a 20-month high in July, as rising food prices were tempered by alcohol and clothing costs.
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NewsOcado quarterly sales jump 15% despite 'very competitive' market
Ocado has posted a 15.4% increase in group sales in its third quarter but warned the market “remains very competitive”.
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NewsJD Sports to launch in Australia as profits and sales soar
JD Sports has unveiled plans to set up shop in Australia amid a record half-year for the retailer with pre-tax profits rocketing 66%.
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NewsUpdate: Beales department store to shut a third of branches following CVA
Beales will shut a third of it stores in cost-saving measures, after completing its CVA (Company Voluntary Arrangement).
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NewsOriginal Factory Shop names Alistair McGeorge chairman as profits jump
The Original Factory Shop has appointed former Matalan and New Look exec Alistair McGeorge as its new chairman amid sales and profit growth.
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NewsDominic Chappell's former advisors to be probed over BHS sale
Two consultants who advised Dominic Chappell prior to his £1 purchase of BHS will be questioned by The Insolvency Service.
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NewsPrimark full-year like-for-likes dip due to ‘unseasonable weather’
Primark has warned its full-year like-for-likes will drop 2% after “unseasonable” weather in the UK hurt its sales.
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NewsPaperchase considers float to fuel international ambitions
Paperchase is being primed for a £150m stock market flotation around two years after its owners had considered a sale of the business.
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NewsGreen apologises for 'sorry affair' of BHS as he seeks pension solution
Tycoon Sir Philip Green has insisted he is working “daily” to find a solution to the BHS pension deficit crisis and apologised for the “sorry affair”.
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NewsAgenda: John Lewis, Next, Morrisons, Primark and JD Sports all update
Retail Week looks ahead to a packed seven days with updates from John Lewis, Next, Morrisons, Primark, Ocado and JD Sports all on the agenda.
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NewsDixons Carphone like-for-likes rise as Brexit has 'no detectable impact'
Dixons Carphone first-quarter like-for-likes increased as boss Seb James maintained that Brexit had not effected shopper behaviour.
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NewsPep&Co embarks on aggressive store expansion plan to drive Christmas sales
Pep&Co plans to open more stores in addition to concessions in Guess How Much! outlets to bolster its offer for Christmas trading.
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NewsBreakfast briefing: Retail news on Steinhoff and Sports Direct
Retail news round-up: Steinhoff reports steady growth with unaudited revenue growth of 33% to £11.04bn and Mike Ashley blames unions and MPs
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NewsSteinhoff's purchase of Poundland gets the go-ahead from shareholders
Poundland shareholders voted in favour of Steinhoff’s acquisition of the value retailer, giving the go-ahead to a deal worth more than £610m.
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NewsFashion retailer Joules sales and profits soar after floating on AIM
Joules has unveiled a 41.5% increase in its full-year pre-tax profit in what it has described as a “transformational year”.
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NewsBreakfast briefing: Retail news on Sports Direct, Tesco, John Lewis and more
Retail news round-up: Sports Direct to appoint workers’ rep, John Lewis distribution centres and BHS customer data bought by Qatari firm.
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NewsShop Direct to 'double down' on artificial intelligence to drive sales
Shop Direct boss Alex Baldock says artificial intelligence is the “next big bet” the etailer is taking to bolster its personalisation offer.
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NewsDebenhams bolsters board as Lisa Myers named as a non-executive director
Debenhams has named former Franklin Templeton executive vice-president and international retail expert Lisa Myers as a non-executive director.