Latest finance news – Page 320
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NewsJack Wills private equity backer in talks about selling stake
Jack Wills’ private equity backer Inflexion is reportedly looking for a buyer for its 27% stake in the British fashion retailer.
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NewsPwC faces probe over BHS audit during Sir Philip Green ownership
The UK’s accounting regulator has launched an investigation into PricewaterhouseCoopers’ (PwC) audit of BHS when the chain was owned by Sir Philip Green.
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NewsSteinhoff considers position after Poundland rejects offer
Poundland has rejected a takeover offer from Steinhoff, dealing a potential blow to the South African retailer’s expansion ambitions.
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NewsBHS to continue trading ‘for the summer’ in an effort to shift stock
BHS is poised to continue trading through the summer after its creditors were told that a liquidation date has not yet been set.
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NewsAgenda: Dixons Carphone, Ocado and Carpetright post financial results
Dixons Carphone and Carpetright reveal full-year results, plus interim figures from Ocado are all on the agenda this week.
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NewsBHS boss Topp accuses Chappell of treating retailer's money like his own
BHS boss Darren Topp has accused former owner Dominic Chappell of spending the retailer’s money as if it were his personal funds.
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NewsHobbycraft targets Greater London with roll-out of small-format stores
Hobbycraft boss said smaller stores have allowed the business to access the London market and it is aiming to open 30 more in the capital by 2019.
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NewsTesco UK like-for-likes rise 0.3% as Harris + Hoole sale agreed
Tesco has reported a second consecutive rise in quarterly UK like-for-likes and struck a deal to sell its coffee chain Harris + Hoole to rival Caffè Nero.
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NewsDebenhams aims to generate 10% of sales from food and unveils new partners
Department store group Debenhams is introducing a raft of new in-store partners as the retailer overhauls its space and offer.
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NewsArchie Norman to help drive Bunnings' assault on UK DIY market
Wesfarmers has revealed that former Asda boss Archie Norman will help oversee its bid to conquer the UK DIY market with its Bunnings fascia.
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NewsH&M first-half profits fall as currency conversions continue to bite
H&M profits continued to fall in its first-half despite increased sales as unseasonable weather and volatility of the US dollar hurt results.
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NewsDebenhams like-for-likes slip after weak clothing performance
Debenhams has reported a 0.2% fall in its third-quarter like-for-likes after weak fashion sales, but online and non-clothing purchases rose.
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NewsSports Direct eyes joint bid for stores of US chain Sports Authority
Mike Ashley’s Sports Direct is reportedly in talks to acquire up to 200 stores from the collapsed US retail chain Sports Authority.
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NewsJoules posts jump in full-year sales months after floating on AIM
Joules has posted an increase in full-year sales just months after the fashion and home retailer listed on the London Stock Exchange.
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NewsReiss turnaround plan bears fruit as full-year profits and sales soar
Reiss has posted a jump in full-year profits and sales as the luxury fashion retailer’s three-year turnaround plan bears fruit.
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NewsZara outshines fashion rivals as UK sales and profits rise
Zara reports an increase in full-year sales and profits at its UK business despite the subdued performance of its rivals in the last year.
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NewsMajestic boss warns a Brexit would push up price of wine
Majestic Wine boss Rowan Gormley has warned a Brexit would push up the price of wine as the cost of imported goods will inevitably rise.
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NewsMajestic Wine full-year sales fizz but profits hit by Naked Wines deal
Majestic Wine has reported a 41% jump in annual sales but its bottom line was hit by the costs from its acquisition of Naked Wines.
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NewsMike Ashley convinced he had struck deal to buy BHS post-collapse
Mike Ashley was under the impression he had struck a deal to acquire BHS after it had gone into administration, it has emerged.
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NewsJD boss Cowgill expects ‘excellent’ first-half results after Euro 2016 boost
JD Sports boss Peter Cowgill expects the retailer to unveil “excellent” results for the first half of its current financial year.