Latest finance news – Page 319
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NewsDreams poised for £400m sale just three years after administration
Dreams is being lined up for a £400m sale just three years after the retailer slumped into administration, according to reports.
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NewsNisa returns to full-year profit as strategic review bears fruit
Nisa has swung to full-year profit after improving own-label sales and tighter cost controls drove a “transformational year” for the business.
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NewsMike Ashley launches bid for Findel chairmanship
Sports Direct boss Mike Ashley bids to become chairman of home shopping group Findel, months after raising his stake in the business.
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NewsWaitrose full-year profits slip following spike in pension costs
Waitrose has suffered a 17% slip in full-year pre-tax profits, driven by rising pension costs across the John Lewis Partnership.
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NewsAgenda: Sports Direct full years plus M&S, Primark and Dunelm updates
Retail Week looks at what’s coming up this week, with full-year results from Sports Direct and updates from Marks & Spencer and Primark.
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NewsWiggle on final lap to acquire Chain Reaction Cycles after CMA approval
Wiggle’s acquisition of online rival Chain Reaction Cycles has been approved by the competition authorities with the deal due to complete “shortly”.
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NewsBHS administrators strike deal to sell 70 stores and online operations
BHS’s administrators have struck a deal to sell the collapsed retailer’s international business and its website, according to reports.
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NewsMy Local founder Mike Greene 'truly sorry' for c-store chain's collapse
The convenience store founder and boss Mike Greene said he is “truly sorry” for the retailer’s collapse after it plunged into administration yesterday.
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NewsWilko bounces back with 'year of recovery' as profits shoot up
Wilko’s profits before tax have risen 15% in what the company has hailed a “year of recovery” following a “challenging” few years.
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NewsBrexit prompts consumer confidence crash as recession fears loom
Consumer confidence has crashed following the UK’s vote to leave the European Union, according to the latest YouGov/CEBR index.
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NewsMy Local formally enters administration putting 1,658 jobs at risk
My Local, the convenience chain born out of Morrisons’ failed c-store business, has formally entered administration putting 1,658 jobs at risk.
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NewsBHS: MP Frank Field demands 'a very large cheque from the Green family'
Frank Field MP told Arcadia directors today that “a very large cheque from the Green family” was necessary to fill BHS’s pension black hole.
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NewsAs it happened: BHS inquiry hears from Goldman Sachs chiefs
Goldman Sachs’ most senior London director appeared before MPs over the collapse of BHS continues. Catch up on how the action unfolded on our live blog:
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NewsBHS: Fraudster denies claims he said Green would not sell to rivals
Claims that Sir Philip Green would not sell BHS to a rival because he wanted to preserve his reputation have been denied.
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NewsDixons Carphone full-year profits jump as boss hails 'momentous' year
Dixons Carphone has reported a 17% jump in full-year profits, while boss Seb James has shrugged off Brexit concerns.
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NewsSteinhoff ups stake in Poundland despite Brexit fears over bid
Steinhoff has upped its stake in Poundland despite rethinking a takeover bid in light of Brexit and the value retailer’s recent financial performance.
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NewsCarpetright boss ‘bitterly disappointed’ by Brexit but remains confident
Carpetright’s boss has expressed bitter disappointment at the outcome of the EU referendum but insists the business is “full steam ahead”.
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NewsRichard Caring claims he is owed £850,000 after BHS collapse
Richard Caring has sought to distance himself from BHS’ leadership, claiming that his companies were left with £850,000 of debt when it collapsed.
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NewsOcado profits climb despite competitive market and price deflation
Ocado’s has posted a rise in half-year profits as measures to improve operations paid off, despite a competitive market and “ongoing price deflation”.
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NewsCarpetright boss unveils plans for store regeneration as profits climb 33%
Carpetright has reported full-year profit and sales growth and plans to roll out its new signage across the business as of next month.