Latest finance news – Page 321
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NewsAgenda: Tesco update, Majestic Wine full-year results and the EU referendum
Retail Week looks to next week with Tesco’s first-quarter update, full-year results from Majestic Wine and the EU referendum on the agenda.
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NewsDarty profits and sales rocket ahead of Fnac takeover
London-listed electricals retailer Darty said its retail profits advanced 24% to €93.1m ahead of Fnac’s tabled takeover of the business.
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NewsPoundland boss admits 'we took our eye off the ball' owing to 99p Stores deal
Outgoing Poundland boss Jim McCarthy has blamed the “disruption” caused by the acquisition of 99p Stores for a sharp fall in profits.
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NewsPoundland profits tumble during “period of significant change”
Poundland has posted a fall in profits and like-for-likes during what the outgoing boss describes as a “period of significant change”.
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NewsN Brown sales slip against "challenging market backdrop"
Fashion retailer N Brown has posted a 1.6% slide in product sales during its first quarter against a “challenging market backdrop”.
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NewsSteinhoff acquires Poundland shares as it mulls full takeover bid
Steinhoff has bought almost a quarter of Poundland’s shares just hours after it revealed it was mulling a takeover bid for the value retailer.
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NewsBHS inquiry: Sir Philip Green insists he did not block Ashley's rescue bid
Sir Philip Green has insisted he did not block any bids to save collapsed department store chain BHS as it plunged into administration.
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NewsBHS inquiry: Sir Philip Green vows to 'find solution' to pension deficit
Former BHS owner Sir Philip Green has vowed to “find a solution” to the collapsed department store chain’s £571m pension scheme.
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NewsSteinhoff eyes Poundland takeover following failed bids for Argos and Darty
Steinhoff is back on the acquisition trail, this time considering an offer for Poundland after losing out on both Argos and Darty.
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NewsHolland & Barrett profits soar as UK drives like-for-like growth
Holland & Barrett’s full-year sales and profits rose in what finance boss Christian Keen deemed a “strong financial performance”.
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NewsEx-BHS owner Sir Philip Green confirms he will face MPs
Former BHS owner Sir Philip Green says he will appear before a parliamentary inquiry as questioning over the retailer’s collapse continues.
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NewsMy Local hires KPMG to explore strategic options following tough trading
My Local, the convenience chain born from the ashes of Morrisons’ c-store estate, is in talks with advisers over strategic options following lacklustre trading.
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NewsInflation edges up in May as food prices continue to fall
The UK’s inflation rate increased last month due to rising leisure costs, although grocery and clothing costs continued to drop.
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NewsBreakfast briefing: Retail news on BHS, retail jobs and more
Retail round-up on June 14, 2016: Matalan owner says he dropped BHS offer 'on his own', and retail job to suffer due to living wage and Brexit uncertainty.
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NewsFindel admits ‘need to improve’ after drop in full-year profits
Findel has reported a 10.6% drop in pre-tax profits before exceptionals to £24.8m following a “more challenging than expected” year.
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NewsCost of national living wage and Brexit uncertainty hits retail jobs
Jobs in the retail sector could fall to their lowest level in five years as the cost of the national living wage (NLW) starts to take its toll on retailers.
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NewsTed Baker reveals soaring sales amid ‘challenging conditions’
Ted Baker has revealed an uplift in sales despite “challenging external trading conditions” as it continues to expand internationally.
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NewsMike Ashley eyes up to 80 BHS stores in fresh approach
Mike Ashley has made a fresh approach to BHS administrators in a bid to buy up to 80 of the collapsed chain’s stores and the brand name.
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NewsBreakfast briefing: Retail news on Asda, BHS, Sports Direct and more
Retail round-up on June 13, 2016: Walmart poised to name Asda's upcoming chief executive and Mike Ashley interested in taking over 80 BHS stores.
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NewsClarks profits slump following 'ambitious business plans'
Clarks has posted a 65% slump in full-year profits as it admitted it was forced to review “ambitious plans” by former management.