Latest finance news – Page 323
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NewsMatalan's profits halve after warehouse problems drag
Matalan’s EBITDA nearly halved in its last financial year, after its customer proposition was “severely challenged” due to warehouse issues.
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NewsSir Philip Green repeatedly threatened to abandon BHS deal
Sir Philip Green was reluctant to sell BHS to Retail Acquisitions, documents from the joint select committee inquiry into BHS’s collapse show.
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NewsEngland's first plastic bank note revealed ahead of September circulation
England’s first polymer banknote, a five-pound note showing Winston Churchill, has been unveiled prior to it entering circulation in September.
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NewsAgenda: Sainsbury's, Home Retail, Ao.com and Bonmarché updates
Retail Week looks to next week with updates from Sainsbury’s and Home Retail, plus full-year figures from Ao.com and Bonmarché on the agenda.
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NewsBHS to be wound down as rescue effort falls apart
The administrators for BHS have revealed the chain will be wound down, with 11,000 jobs at risk and all stores to be closed down.
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NewsHalfords boss upbeat on cycling growth despite sales dip
Halfords’ boss has said she remains confident about long-term growth in cycling sales as participation in the UK is still “quite low”.
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NewsHalfords' full-year profits decline: what the analysts say
Halfords has reported a drop in full-year profits as the strength of its motoring division picked up the slack. Here’s the City’s reaction.
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NewsAustin Reed: the full list of stores to close this month
Austin Reed administrators said yesterday that all stores will close, following the sale of the Austin Reed and Country Casuals brands to Edinburgh Woollen Mill.
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NewsHalfords profits dip but cycling sales boosted in second half
Halfords has revealed a slight dip in full-year profits but its cycling division recovered in its second half despite “weaker market conditions”.
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NewsBreakfast briefing: Retail news on BHS, Co-op, Home Retail Group and more
Retail round-up on June 1, 2016: Co-op sells its crematoriums business for £43m, Home Retail boss could get windfall if sold to Sainsbury's and M&S to go music-free.
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NewsFnac defeats Steinhoff as Darty board recommends its offer to investors
The board of London-listed electricals retailer Darty has recommended that shareholders approve a takeover offer from French retailer Fnac.
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NewsLess than one third of retail bosses confident about next six months
Just 29% of major retail bosses are confident about the industry’s prospects over the next six months, according to a survey by PwC.
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NewsThe Hut snaps up brand from Walgreens Boots Alliance to drive beauty offer
The Hut Group has acquired rival upmarket etailer Salu Beauty from Walgreens Boots Alliance in an ongoing drive to bulk up its beauty proposition.
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NewsMPs to grill property tycoons who backed Chappell’s takeover of BHS
The property tycoons and advisers who backed Dominic Chappell’s BHS takeover could face questioning when the investigation resumes.
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NewsEdinburgh Woollen Mill joins Wyevale in pursuit of Tesco-owned Dobbies
Edinburgh Woollen Mill owner Philip Day is understood to be eyeing Dobbies Garden Centres, which was put up for sale by Tesco.
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NewsBreakfast briefing: Retail news on BHS and The Hut
Retail round-up on May 31, 2016: MPs to grill property tycoons and advisers who supported BHS takeover, and The Hut acquires rival Salu Beauty
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NewsSainsbury's bid for Argos faces probe by competition watchdog
The UK’s competition watchdog has launched an investigation into Sainsbury’s planned £1.4bn acquisition of Argos owner Home Retail.
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NewsSports Direct owner Mike Ashley’s bid to acquire Austin Reed collapses
Sports Direct tycoon Mike Ashley’s bid to acquire beleaguered fashion chain Austin Reed has collapsed, Retail Week has learned.
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NewsUK families had highest amount of disposable income in April on record
Disposable income hit £200 per week for the average UK family last month, the highest level of spending power on record.
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NewsConsumer confidence remains negative as 'Brexit gremlins' take hold
Consumer confidence remained in negative territory in May as “Brexit gremlins” continued to play on the minds of British shoppers.