Latest finance news – Page 318
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NewsRetail Acquisitions planned to write off BHS debt in Sports Direct rescue deal
Retail Acquisitions planned to waive debt to BHS and keep a stake in the retailer as part of a proposed rescue deal with Sports Direct.
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NewsAgenda: SuperGroup full-years plus Asos, Halfords and Mothercare updates
Retail Week looks to next week with full-year results from SuperGroup, plus trading updates from Asos, Burberry, Halfords, Mothercare all on the agenda.
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NewsConsumer confidence plummets at sharpest rate in 21 years after Brexit
Consumer confidence has nosedived in the wake of the EU referendum result as shopper sentiment fell at its fastest rate since 1994.
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NewsM&S forced to re-publish quarterly results following 'clerical error'
Marks & Spencer has been forced to re-publish its first quarter results after incorrectly claiming that group sales had increased.
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NewsOpinion: Fight Brexit uncertainty by getting on with business as usual
Someone said to me the other day that anyone claiming to be able to predict the path of British politics is either a liar or a fool.
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NewsDunelm boss: Brexit presents an opportunity for the business
Dunelm boss John Browett has shrugged off the post-Brexit gloom and said the retailer is benefiting from shoppers on the hunt for value.
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NewsSports Direct boss Forsey monitoring fate of EU workers post-Brexit
Sports Direct has admitted it is keeping a close eye on how Brexit could affect EU workers, but said other retailers would also be hit.
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NewsDunelm reports 'retail slow-down' in the run-up to the EU referendum
Dunelm boss John Browett said trading was “volatile” in its fourth quarter because of “changeable weather” and a general “retail slow-down”.
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NewsSports Direct full-year profits slide after 'tough trading' in second half
Sports Direct has posted an 8.4% drop in annual pre-tax profits as boss Dave Forsey branded it a “disappointing” year.
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NewsPrimark sales rise after new store openings but weather dents like-for-likes
Primark has posted a rise a 7% rise in third-quarter sales after it benefited from opening 11 new stores in the period.
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NewsM&S clothing sales fall 8.9% after Brexit build-up and fewer promotions
Marks & Spencer has posted a sharp drop in UK first-quarter like-for-likes as it felt the impact of running fewer promotions in its clothing and homewares division.
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NewsWalgreens Boots Alliance profits jump as US sales drive growth
Walgreens Boots Alliance’s profits soared in its third quarter but international sales were impacted by currency exchange rates.
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NewsBudgens and Londis boost parent Booker’s first-quarter sales
Food retailer and wholesaler Booker’s first-quarter sales were bolstered by Budgens and Londis, but the group reported a drop in like-for-likes.
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NewsFrank Field: Tina Green made £28m last year from BHS acquisition
The MP leading the select committee on BHS has hit out at Lady Tina Green, calling to attention the sums she continues to earn from BHS.
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NewsTopps Tiles reports increased like-for-likes in third quarter
Topps Tiles has reported a rise in like-for-likes in its third quarter, saying it is “confident in [its] ability to outperform the market”.
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NewsSainsbury's boss Coupe 'absolutely convinced' by Argos deal despite Brexit
Sainsbury’s boss Mike Coupe has downplayed fears over Brexit and remains “absolutely convinced” of the rationale to acquire Home Retail Group.
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NewsEx-M&S boss Marc Bolland set to join investment group Blackstone
Former Marks & Spencer boss Marc Bolland is set to join investment group Blackstone, to lead its European private equity arm.
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NewsSainsbury's cuts ties with Netto – all stores to close by August
Sainsbury’s is ending its joint venture with Netto following a “comprehensive review” of the business and will close all 16 stores next month.
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NewsSuperdrug reports soaring annual profits and online growth
Superdrug has reported a jump in full-year profits and sales as the health and beauty retailer benefited from upping its in-store services.
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NewsStaples reviewing UK business following blocked Office Depot merger
Staples is reviewing the future of its UK business following the US stationery chain’s blocked merger attempt with Office Depot.