Latest finance news – Page 314
-
NewsBHS: Top law firm to investigate retailer’s former directors
A leading law firm has been drafted in to help scrutinise the conduct of former BHS directors prior to the high-street chain’s collapse.
-
NewsAlibaba first-quarter sales surge as mobile users drive growth
Alibaba reported its highest quarterly sales growth since its flotation in 2014 as mobile purchases outstripped desktop shoppers.
-
NewsAgenda: Asda and Kingfisher to post second quarter results
Retail Week looks ahead to the next seven days with second quarter results from both Asda and Kingfisher on the agenda.
-
NewsPoundland accepts increased takeover offer from Steinhoff
Value retailer Poundland has agreed to a higher takeover offer of £610.4m from South African retail suitor Steinhoff.
-
NewsCard Factory warns of 'challenging' retail environment as sales creep up
Card Factory’s like-for-likes inched up in its first half as ”variability in footfall” and Brexit uncertainty continue to impact sales.
-
NewsDFS unveils sales uplift and insists Brexit 'has not weakened demand'
DFS has posted a 7% increase in full-year sales and said it is “well positioned to mitigate economic headwinds” following the EU referendum.
-
NewsZalando sales and profits soar in fruitful second quarter
Zalando has posted 25% sales growth and increased its full-year profit guidance as it continues to invest in the customer experience.
-
NewsStore Twenty One staff accuse retailer of failing to pay wages
Store Twenty One staff have laid bare a retailer allegedly unable to pay employees, who say they are trapped and angry due to their precarious employment.
-
NewsBreakfast briefing: Retail news on reviving the high street and Pandora
Retail round-up: New digital organisation has launched to revive high streets and Pandora reports second-quarter revenue rise.
-
NewsBoohoo full-year guidance inches up following 'robust' demand
Fast fashion etailer Boohoo has increased its sales figures guidance for its full year after “robust” demand in the first six months.
-
NewsNew Look profits tumble as like-for-likes slide in first quarter
New Look said profits and like-for-likes fell in the run-up to the EU referendum “with unfavourable market conditions impacting high street footfall”.
-
NewsScS like-for-like orders jump as strong growth continues post-Brexit vote
ScS has reported increased full-year like-for-like sales as the retailer’s profit expectations remained unchanged despite the Brexit result.
-
NewsEvans Cycles profits plunge as 'softer' market punctures performance
Evans Cycles has suffered a 69.4% slump in pre-tax profits after a “softer” cycling market affected its full-year performance.
-
NewsWalmart will acquire Jet.com for $3bn as it targets 'faster' online growth
Walmart has agreed to acquire online retailer Jet.com for around $3bn (£2.25bn) as the US titan seeks to bolster its ecommerce proposition.
-
NewsSir Philip Green and sale of BHS discussed by Serious Fraud Office
The Serious Fraud Office (SFO) has met with Frank Field MP to discuss the sale of BHS and the conduct of Sir Philip Green.
-
NewsYoox Net-a-Porter dodges luxury slowdown as first-half profits climb
Yoox Net-a-Porter reported a surge in its half-year profits and sales as rising customer numbers offset a decline in average order value.
-
NewsAgenda: DFS posts full-year results and July's retail sales figures
Retail Week looks ahead to the next seven days with a full-year update from DFS and the latest retail sales figures from July on the agenda.
-
NewsWalmart eyes bid for Jet.com as it accelerates online ambitions
Walmart is mulling a move to acquire online retailer Jet.com as the US titan seeks to bolster its ecommerce proposition.
-
NewsGame full-year sales slump in the UK amid 'challenging' market
Game is expecting to post a drop in full-year sales after its retail sales in the UK fell 12.7% amid a “challenging trading environment”.
-
NewsNext warns of cost price increases in 2017 as second quarter sales edge up
Next’s sales rose 1.8% in its second quarter but the retailer has warned that the falling value of the pound is likely to affect the cost of buying goods.