Latest finance news – Page 348
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NewsMorrisons falls out of the FTSE 100 after share price slump
Supermarket giant Morrisons has fallen out of the FTSE 100 for the first time in more than 14 years after its share price plummeted.
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NewsKaren Millen suffers full-year losses after property and stock impairment
Karen Millen has fallen into the red in its full-year as it suffered “significant impairment charges” and sales were flat.
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NewsFashion chain Jaeger reports full-year loss despite rise in sales
Jaeger has reported a slight narrowing of losses after a rise in sales, while the fashion chain’s owner explores options for the future of the business.
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NewsNeil Saunders: Black Friday may be evolving but in the US it's here to stay
Black Friday is a logical part of the US retail calendar, coinciding with Thanksgiving when people have both the time and inclination to shop.
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NewsPark Group narrows its first-half losses as sales jump 23%
Voucher and gift card specialist Park Group has narrowed its losses after a jump in half-year sales and is on course for a strong second half.
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NewsTopps Tiles sales and profits rise as it captures one third of the market
Topps Tiles statutory pre-tax profits increased 1.8% to £17m during the full year, driven by record sales and gross margin gains.
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NewsMcColl's full-year like-for-likes dip as it presses ahead with expansion
McColl’s has reported a 1.9% drop in full-year like-for-like sales as its premium convenience food and wine stores outperformed standard shops.
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NewsFrench Connection to close seven more stores and exit Regent Street
French Connection plans to close seven more stores and will exit its Regent Street shop, but its overall retail trading performance has improved.
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NewsFindel directors bid to block Sports Direct gaining seat on its board
Findel’s directors have made a bid to block Mike Ashley from getting a Sports Direct representative elected to the home shopping retailer’s board.
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NewsOasis swings to full-year profit as move upmarket bears fruit
Oasis has swung to its first full-year profit in three years after a higher quality clothing offer helped it win back customers and boost sales.
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NewsConsumer confidence dips in November despite interest in major purchases
Consumer confidence dipped in November despite shoppers showing an increased tendency to purchase big-ticket furniture and electricals items.
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NewsEdinburgh Woollen Mill Group profits jump as 100 more stores planned
Fashion and textiles retailer Edinburgh Woollen Mill Group has reported a jump in pre-tax profits as it plans 100 new store openings.
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NewsTesco agrees $12m payout to US investors following accounting scandal
Tesco is to pay $12m (£8m) to US investors to end legal action following the accounting scandal that rocked the supermarket giant last year.
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NewsBusiness rates remain 'elephant in the room' – Autumn statement reaction
George Osborne has said the results of the business rates review will be delayed until his next Budget. This is how the industry reacted.
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NewsSignet's third-quarter UK sales grow but revenues hit by exchange rates
Ernest Jones owner Signet has posted a 4.1% increase in like-for-like sales within its UK jewellery division during the third quarter.
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NewsMayors could raise business rates under new system as full review delayed
Chancellor George Osborne has confirmed plans to scrap the uniform business rate but said mayors will be able to increase rates.
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NewsFindel half-year profits flat as sale of Kitbag business is delayed
Home shopping group Findel has reported flat half-year sales and profits while the sale of its Kitbag business has been delayed.
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NewsArcadia posts rise in operating profit despite like-for-like sales fall
Fashion giant Arcadia, controlled by tycoon Sir Philip Green, has posted a rise in earnings but like-for-likes have slipped in the new financial year.
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NewsPets at Home boss rules out cat stores but will 'continue to innovate'
Pets at Home boss Nick Wood has ruled out opening dedicated cat stores, but vowed the retailer will “continue to innovate”.
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NewsKingfisher's strong UK trading offset by weaker France performance
DIY giant Kingfisher has reported rising third-quarter profits but a strong UK performance was offset by weaker trading in France.