Latest finance news – Page 316
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NewsAnalysis: What the MPs' report on BHS' demise means for retail
Tycoon Sir Philip Green has been savaged by MPs for his role in the collapse of department store chain BHS earlier this year.
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NewsSainsbury's £1.4bn acquisition of Argos approved by competition watchdog
Sainsbury’s £1.4bn acquisition of Argos owner Home Retail Group has moved a step closer after being approved by the competition authorities.
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NewsBHS: Administrators to close 30 more stores, putting 700 jobs at risk
BHS’s administrators will shutter another 30 of the collapsed retailer’s stores by the end of July, leaving hundreds of jobs in the balance.
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NewsAgenda: Updates from Apple, McColl's and the latest consumer confidence data
Retail Week looks to the next seven days with updates from Apple and McColl’s, plus the latest consumer confidence data all on the agenda.
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NewsMPs to 'hold Ashley's feet to the fire' over working practices
Sports Direct tycoon Mike Ashley has been condemned by MPs over working practices at the retailer.
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NewsWhite Stuff profits are down but online and wholesale soar
White Stuff has reported a fall in full-year profit due to one-off costs amid soaring sales in its online and wholesale divisions.
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NewsAo.com posts first-quarter sales rise driven by European growth
Ao.com’s first-quarter UK and European sales rose as the etailer’s full-year forecasts remain unchanged despite “economic uncertainty”.
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NewsStore Twenty One expected to shut nearly 80 stores as CVA approved
Store Twenty One’s creditors have approved a company voluntary arrangement (CVA) that will result in nearly 80 store closures, it is believed.
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NewsMy Local administrators sell 26 stores, saving 372 jobs
The administrators for My Local have sold 26 of the collapsed convenience store chain’s former stores, safeguarding 372 jobs.
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NewsCo-op faces competition probe over My Local stores deal
The Co-op is facing a probe by the competition authorities over its acquisition of eight stores from collapsed convenience chain My Local.
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NewsFnac’s acquisition of Darty cleared by French competition authorities
Fnac’s takeover of electricals retailer Darty has been cleared by the French Competition Authority, subject to a store sell-off of six shops.
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NewsZalando grows sales and margin in stellar second quarter
Zalando has reported soaring sales and an increased margin in its second quarter, and has increased full-year margin guidance.
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NewsArcadia may attempt block of BHS administrator appointment
Arcadia may try to block the appointment of a second administrator to collapsed chain BHS because it believes it would be a waste of creditors’ money.
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NewsConviviality eyes more festival pop-ups after Isle of Wight pilot
Conviviality is eyeing a move to open pop-up Bargain Booze shops at music festivals across the UK as part of plans to diversify the business.
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NewsConviviality's sales and profits more than double in 'transformational year'
Bargain Booze owner Conviviality has more than doubled its sales and profits following a year of fruitful acquisitions and appointments.
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NewsSir Philip Green: I did not block sale of BHS to Sports Direct’s Mike Ashley
Sir Philip Green has written to MPs saying that he did not attempt to block the sale of BHS to Sports Direct’s owner, Mike Ashley.
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NewsSteinhoff faces pressure to up offer for Poundland as investor grows stake
Steinhoff could be forced to increase its offer for Poundland after rival shareholder Elliott Advisors upped its stake to 13.2%.
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NewsAgenda: Conviviality full-years plus footfall and retail sales figures
Retail Week looks ahead to the next seven days with full-year figures from Conviviality, plus the latest footfall and retail sales data all on the agenda.
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NewsSuperGroup boss Sutherland confident of plenty of growth to come
SuperGroup boss Euan Sutherland said today that the fashion retailer should double its sales in the next three years, after strong results.
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NewsHalfords boss hopes for 'staycation' boost to counter Brexit disruption
Halfords boss has shrugged off the threat of a post-Brexit downturn by saying it could benefit from people choosing to ‘staycation’ this summer.