Latest finance news – Page 35
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NewsIkea, Argos and John Lewis to benefit from a furniture sales boost this quarter
Some of the UK’s biggest furniture and floorcovering retailers are set to benefit this golden quarter as the market makes a return to growth, according to GlobalData.
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NewsWhite Stuff has been bought by The Foschini Group
Fashion retailer White Stuff has been acquired by The Foschini Group, which owns retailers such as Whistles, Phase Eight and Hobbs.
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NewsBoohoo has set out its view on Frasers’ bid to set new direction
Fashion retailer Boohoo has issued a response to Frasers Group’s attempt to shape the business, including a demand that Mike Ashley be installed as chief executive.
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NewsUK consumers 'are in a despondent mood' ahead of the Budget
Consumer confidence in the UK slipped one point in October as consumers hold their breath ahead of the government’s upcoming Budget.
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NewsDunelm has grown sales again as shoppers seek cheap home improvements
Dunelm saw sales climb yet again during the first quarter of its financial year as shoppers sought out budget-friendly ways to brighten up their homes.
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NewsVinted has secured secondary investment at a valuation of over £4bn
Lithuanian secondhand marketplace Vinted has secured a secondary investment of €340m (£283m) at a valuation of €5bn (£4.17bn).
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NewsWhistles owner is planning a deal to acquire White Stuff
The owner of Whistles and Phase Eight is in advanced talks to buy high street fashion retailer White Stuff.
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NewsVery Group records ‘resilient’ performance as profit grows but revenue dips
The Very Group has reported a “resilient” performance for the full year as revenue saw a slight dip and operating profit grew.
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NewsM&S boss Stuart Machin: Raising taxes at budget ‘easy way out’ for government
Marks & Spencer boss Stuart Machin has urged chancellor Rachel Reeves to not take “the easy way out”, after reports that the government is considering raising the national insurance paid by employers in the upcoming budget.
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NewsFrasers pulls plug on Mulberry takeover bid over governance concerns
Frasers has announced that it does not intend to make a revised offer for taking over Mulberry, citing increasing governance issues and the “apparent lack of a commercial plan against a backdrop of increasing market headwinds”.
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NewsL’Oréal sales increase driven by growth in all divisions
L’Oréal posted sales growth in the nine months to September 2024, which was “well-balanced between value and volume” driven sales despite multiple turbulences in the third quarter.
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NewsVirgin Wines boss credits ‘really encouraging’ performance of value brand for return to profitability
Virgin Wines boss Jay Wright has credited the “really encouraging” performance of Warehouse Wines for the retailer’s return to profitability.
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NewsWickes sales rise driven by volume and market share growth
Wickes has reported a rise in sales as it “successfully” grew volumes and market share in the 13 weeks to September 2024.
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NewsHalfords posts flat sales as consumer outlook remains uncertain
Cycling and motoring specialist Halfords has reported flat sales for the 26 weeks ending September 2024 as “consumers remain cautious in their discretionary spending”.
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News‘Serial returners’ are expected to generate £6.6bn of online returns this year
Customers who are deemed “serial returners” are expected to account for £6.6bn of online returns in the UK this year, according to new research by Retail Economics and ZigZag.
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NewsFrasers Group has backed a takeover of N Brown as it continues chasing Mulberry
Mike Ashley’s Frasers Group has backed the £191m takeover proposal for fashion giant N Brown and told shareholders it is continuing its bid to acquire luxury brand Mulberry.
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NewsHobbycraft profits have plummeted 80% despite sales growth
Hobbycraft’s profits have plummeted despite improved sales and margin growth.
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NewsTesco boss hails 'significant step' as supermarket giant strikes clean energy deal
Tesco has struck a deal to buy enough solar power to run 144 of its large supermarkets, after buying up nearly two-thirds of the output of a Kentish solar park.
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NewsDeliveroo posts a rise in transaction value and orders
Rapid delivery specialist Deliveroo has reported “solid” growth in its third quarter with an uplift in transaction value and orders.
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NewsDFS finance chief is set to stand down
DFS chief financial officer John Fallon is to stand down at the end of the month from his role at the furniture retailer.