Latest finance news – Page 355
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NewsDixons Carphone starts new financial year in style as sales climb
Mobile phones and electricals powerhouse Dixons Carphone has posted a strong first-quarter performance, driven by its core UK and Ireland arm.
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NewsDunelm reports profits rise and sets out growth ambitions
Homewares group Dunelm has posted a rise in full-year profits after a strategic overhaul and is in “better shape than ever” to grow.
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NewsArgos like-for-likes fall 2.8% in second quarter as electricals demand wanes
Argos like-for-likes fell 2.8% in the second quarter as demand for electricals fell amid “weaker overall market conditions”.
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NewsNext warns on living wage impact as first-half profits climb
Next has reported a 7.1% rise in first-half profits, but warned that the Government’s new living wage will cost the business £27m a year and force up its prices.
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NewsMorrisons reveals 35% drop in first-half profits and plans to close stores
Supermarket giant Morrisons has revealed a 35% drop in pre-tax profits over its first half and plans to close 11 more stores, with up to 900 jobs under threat.
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NewsMorrisons sells convenience store chain to Greybull Capital at a loss
Morrisons has agreed to offload its convenience store chain to a team led by retail veteran Mike Greene and backed by Greybull Capital.
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NewsSports Direct faces down shareholder rebellion as directors backed at AGM
Sports Direct has weathered a rebellion by shareholders as all its senior directors were backed in a vote at today’s AGM.
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NewsThe Entertainer accelerates store roll-out as profits and sales surge
The Entertainer is upping its store expansion plans after full-year sales and profits rocketed in a gangbuster year for toys.
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NewsSports Direct maintains full-year guidance ahead of AGM showdown
Sports Direct has revealed its summer trading was “in line with expectations” and has maintained its revised full-year profits target.
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NewsLaura Ashley like-for-likes up 7% in first half but profits slip
Home and fashion retailer Laura Ashley has reported a slip in profits but a strong increase in like-for-likes in its first half.
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NewsBreakfast briefing: Retail news on shop prices, Jaeger, M&S and more
Retail news round-up on September 9, 2015: Fall in shop prices, Jaeger boss on the verge of leaving and M&S slows foreign expansion.
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NewsMike Ashley faces revolt from Sports Direct investor over his re-election
The re-election of Sports Direct founder Mike Ashley as the retailer’s executive deputy chairman will be voted against by Royal London Asset Management.
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NewsConviviality Retail to acquire drinks supplier Matthew Clark for £200m
Bargain Booze owner Conviviality Retail has agreed to acquire drinks supplier Matthew Clark for an enterprise value of £200m.
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NewsBreakfast briefing: Retail news on BRC retail sales, Sports Direct and Tesco
Retail news round-up on September 8, 2015: August retail sales almost flat; investor want Ashley to quit; and Tesco mulls sale of European business.
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NewsSofa.com appoints Vince Gunn as chief executive after Gareth Williams exit
Sofa.com has hired Vince Gunn from shoemaker Crocs as chief executive to replace the departing Gareth Williams.
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NewsPrimark sales to jump 13% on back of aggressive store expansion
Primark expects sales to jump 13% for the year after a significant store expansion, while like-for-likes were impacted by the warm autumn.
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NewsMorrisons to land up to £50m from sale of M Local convenience stores
Grocer Morrisons is expected to receive up to £50m from the sale of its convenience store chain, which will be rebranded to My Local.
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NewsTesco raises £4.2bn from Homeplus sale as it calls time on South Korea
Tesco will raise £4.2bn from the sale of its Homeplus business to a consortium led by MBK Partners as it calls time on its South Korean operation.
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NewsMulberry group finance director Roger Mather resigns
Mulberry group finance director Roger Mather has resigned after eight years with the luxury brand.
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NewsBeaverbrooks full-year sales boosted by luxury watch demand
Beaverbrooks has reported a return to the black, thanks to an upturn in demand for luxury watches and a continued revamp of its store estate.