Latest finance news – Page 339
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NewsPrimark rebounds after tough Christmas as sales increase
Sales at value giant Primark are expected to be 7.5% up on last year in the first half, despite a challenging Christmas.
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NewsSainsbury’s chiefs consider options over bid for Argos
Sainsbury’s bosses led by chief executive Mike Coupe are considering how to proceed ahead of a deadline tomorrow to table an offer for Argos.
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NewsBreakfast briefing: Retail news on Sainsbury's, Joules and Sports Direct
Retail news round-up on February 22, 2016: Sainsbury's to seek extension for Home Retail takeover battle and Joules hires advisers to manage IPO.
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NewsSteinhoff joins battle with Sainsbury's for control of Argos with £1.4bn offer
South African retailer Steinhoff has thrown its hat into the ring for control of Argos after making a higher offer for the business than is on the table from rival suitor Sainsbury’s.
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NewsAgenda: Sainsbury's deadline, Primark trading and consumer confidence
Retail Week looks ahead to next week with a Primark update, consumer confidence data and Sainsbury’s Argos bid deadline all on the agenda.
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NewsAsda boss Clarke: Tesco's Christmas recovery 'surprised us all'
Asda boss Andy Clarke has blamed the embattled grocer’s fourth quarter sales slump on a Tesco recovery, which he admitted “surprised us all”.
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NewsAsda reports 5.8% slump in fourth-quarter like-for-likes
Asda has posted a 5.8% drop in fourth-quarter like-for-likes as the Walmart-owned chain remains under pressure amid the grocery price war.
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NewsCity speculates that Tesco takeover of Morrisons could be on the cards
There has been City speculation that grocery market leader Tesco could be eyeing a bid for rival Morrisons.
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NewsAt a glance: SocialNAT, the online eSports platform acquired by Game
Game has acquired Spanish online eSports platform SocialNAT. Retail Week takes a closer look at the retailer’s latest investment.
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NewsBHS secures new £10m loan from Gordon Brothers to roll out food business
BHS owner Retail Acquisitions has secured a loan from an American restructuring company in a bid to grow its food business.
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NewsUK inflation creeps up to 12-month high thanks to food and fuel
UK inflation reached a 12-month high last month as falls in food, fashion and fuel prices eased, according to the latest ONS figures.
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NewsBrantano: A list of the 57 stores that remain on the market
Alteri has bought the majority of footwear business Brantano out of administration, but more than 50 of its stores remain on the market.
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NewsGame acquires online platform SocialNAT to drive eSports and events arm
Game has acquired Spanish online platform SocialNAT as it continues to drive the expansion of its eSports and events division.
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NewsThe Hut Group secures extra funding as sales and profits jump
Etailer The Hut Group has secured private funding of at least $200m (£138m) as is steps up its focus on acquisitions, according to reports.
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NewsAlteri buys bulk of Brantano UK business out of administration
Investor Alteri has bought most of footwear business Brantano out of administration less than a month after administrators were called in.
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NewsWyevale Garden Centres owner Terra Firma mulls £700m sale
Wyevale Garden Centres owner Terra Firma is mulling over a sale of the business after four years of ownership, according to reports.
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News99p Stores pre-tax losses ballooned prior to Poundland takeover
Pre-tax losses at 99p Stores ballooned to more than £11m in its last full year of independence before being acquired by rival Poundland.
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NewsWiggle confirms deal to acquire online rival Chain Reaction Cycles
Wiggle has agreed a deal to acquire rival Chain Reaction Cycles, in a move which will create a £300m-plus sports etailing giant.
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NewsThe Body Shop returns to ethical roots as fourth quarter like-for-likes slide
The Body Shop is launching a fresh ethics push after its boss pledged the retailer would become the world’s most sustainable business.
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NewsEx-Sainsbury's boss Justin King slams 'unfair' business rates bills
Former Sainsbury’s boss Justin King has labelled business rates as a bigger problem for British retailers than the corporation tax scandal.