Latest finance news – Page 354
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NewsBreakfast briefing: Retail news on business rates, retail sales and Kurt Geiger
Retail news round-up on September 29, 2015: Retail sales slump 4% in August and Lion Capital mulls £250m acquisition of Kurt Geiger.
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NewsBreakfast briefing: Retail news on Tesco, Morrisons, Iceland and more
Retail news round-up on September 28, 2015: Tesco poised to quit central and eastern Europe and Morrisons in legal spat with property developers.
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NewsBreakfast briefing: Retail news on Poundland, Primark and the living wage
Retail news round-up on September 25, 2015: Poundland completes fundraising, Starbucks to pay all staff living wage, Primark row woman lied.
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NewsBreakfast briefing: Retail news on Tesco, Ocado and Hamleys
Retail news round-up on September 22, 2015: Tesco may scrap sale of Dunnhumby, Norway alleges Ocado of patent infringement and Hamleys eyes Spain.
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News
Hobbycraft profits rise after laying foundations for growth
Arts and crafts retailer Hobbycraft has revealed full-year profits and sales growth as its business transformation plan pays off.
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NewsJD Sports Fashion reveals 82% jump in half-year profits
JD Sports Fashion has reported an 82% leap in half-year profits as its flagship sports facscia continues to perform strongly.
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NewsH&M hit by warm August but third-quarter sales up 11%
H&M revealed slowing sales growth in August, blaming “unseasonably warm weather”, but third-quarter sales soared 11%.
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NewsCard Factory founder Dean Hoyle invests in The Works and appointed chairman
Card Factory founder Dean Hoyle has made a ‘sizeable’ investment in discounter The Works and will become its chairman.
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NewsClothing prices help peg UK inflation rate back to 0%
The UK inflation rate fell back to 0% in August, down from 0.1% the previous month, largely due to a smaller rise in clothing prices.
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NewsOcado third-quarter sales climb 15.3% despite 'tough market'
Online grocer Ocado reported retail sales increased 15.3% to £252m in its third quarter as its sales and orders increased.
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NewsKingfisher profits slip as 'strong' UK earnings offset by currency volatility
B&Q owner Kingfisher’s adjusted pre-tax profit slipped 2.3% in its first half as “strong” UK profit earnings were offset by currency volatility.
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NewsBooker Group completes £40m acquisition of Londis and Budgens
Booker Group has completed its £40m acquisition of Musgrave Retail Partners GB, owner of convenience stores Londis and Budgens.
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NewsPoundworld pre-tax profits rebound strongly following 'landmark year'
Poundworld has recorded a surge in full-year profits after they were hit in the previous two years by a large-scale investment programme.
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NewsThe Works' profits and sales surge as transformation plan takes root
Discount retailer The Works has revealed a surge in profits and sales on the back of an overhaul of its stores and multichannel offer.
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NewsBHS secures £65m loan from Grovepoint Capital to fund turnaround
BHS has secured a £65m loan from investment group Grovepoint Capital as the retailer’s new owners seek to turnaround the business.
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NewsTM Lewin on hunt for new chairman after management buyout
TM Lewin is seeking a new chairman and other senior executives after high-profile departures following a management buyout.
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NewsNext boss Lord Wolfson confident customers can afford price hikes
Next boss Lord Wolfson has defended plans to increase its prices due to the Government’s living wage, saying “the maths is very compelling”.
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NewsMorrisons likely to jettison Match & More loyalty scheme
Morrisons chief executive David Potts has strongly hinted that the grocer’s Match & More loyalty scheme will be dropped.
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NewsHome Retail boss Walden 'optimistic' this Black Friday will be less disruptive
Home Retail boss John Walden is “optimistic” Black Friday will be less disruptive than last year as the group gears up for Christmas.
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NewsIkea posts 11.2% rise in full-year sales, driven by international markets
Ikea has reported a strong rise in full-year sales, thanks to solid international trading in China, Russia, Germany and North America.