Latest finance news – Page 345
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NewsPoundland sales rise dampened by quieter high street over Christmas
Poundland’s full-year profits will come in at the lower end of consensus after decreased high street footfall dampened its Christmas sales.
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NewsRowe named M&S boss as Bolland departs following clothing sales fall
Marks & Spencer boss Marc Bolland is quitting the retailer and will and hand the baton to executive director of general merchandise Steve Rowe.
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NewsBreakfast briefing: Retail news on Home Retail, Sports Direct and M&S
Retail news round-up on January 7, 2016: Ex-Tesco boss Sir Terry Leahy eyes potential bid for Home Retail, and Sports Direct takes 9% stake in Umbro owner.
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NewsThe Entertainer reveals Christmas sales up as online drives trade
The Entertainer had a strong Christmas trading performance as sales were driven by a 40% uplift in online revenues.
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NewsMamas & Papas reports rise in Christmas sales as turnaround continues
Maternity retailer Mamas & Papas has revealed a strong Christmas performance as its management presses on with a turnaround of the business.
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NewsMade.com Christmas sales soar led by rise in mobile purchases
Online furniture retailer Made.com has revealed a jump in revenue over the Christmas period driven by sales through mobile devices.
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NewsTopps Tiles posts sales rise as strategic changes deliver results
Topps Tiles’ like-for-likes climbed 4.4% in its first quarter in what the retailer described as an “encouraging” start to the financial year.
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NewsBreakfast briefing: Retail news on Home Retail share trading and Next
Retail news round-up on January 6, 2016: City regulator to probe Home Retail share trading, Dunnes Stores parts way with auditor E&Y and Next's Israel plans.
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NewsShop prices tumble as fashion retailers go on discount frenzy in December
Prices in British stores continued to fall in December, as retailers resorted to aggressive discounting in order to woo customers.
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NewsWaterstones shrugs off high street gloom with Christmas sales rise
Waterstones recorded growth across all categories in the festive season, thanks to more books “under the Christmas tree” this year.
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NewsHarvey Nichols full-year profits fall 30% after ‘challenging’ conditions
Harvey Nichols has revealed a 30% drop in full-year operating profits and flat sales as it invests in its store and technology offer.
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NewsNext hit by mild weather and stock problems as Christmas sales edge up 0.4%
Next sales edged up 0.4% ahead of Christmas as mild weather and “poor stock availability” within its Directory business dented performance.
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NewsJaeger’s private equity parent Better Capital pulls plug on sale
Better Capital, the private equity owner of Jaeger, has abandoned plans to sell the retailer after offers failed to match expectations.
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NewsBrantano future in jeopardy as new owner reviews business
Brantano’s new owner, restructuring firm Alteri Investors, is evaluating the future of the footwear retailer, putting 800 jobs at risk.
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NewsHolland & Barrett private equity owner eyes possible £1bn sale
Health food retailer Holland & Barrett’s private equity owner is lining up the possible sale of the business this year, according to reports.
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NewsSports Direct boss Ashley vows to be ‘best retail employer after John Lewis’
Sports Direct tycoon Mike Ashley has pledged to make the retailer a great employer after criticism of its alleged employment practices.
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NewsCompetition and Markets Authority to investigate sale of Sainsbury’s pharmacies
The Competition and Markets Authority (CMA) has referred Celesio’s planned acquisition of Sainsbury’s pharmacy business for detailed scrutiny.
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NewsTesco's largest investor sells 27m shares to take holding below 6%
Tesco’s biggest investor, Government Pension Fund Global, has sold off a large chunk of its stake in the embattled supermarket giant.
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NewsGame warns on profits as customers shelve switch to newer consoles
Game has issued a profit warning following a “faster than expected decline” for old format content and a “slower” switch to new consoles.
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NewsWave of insolvencies predicted as retailers face perfect storm
A “perfect storm” of high discounting and a lacklustre golden quarter could cause multiple insolvencies in the new year, experts have warned.