Latest finance news – Page 356
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NewsCo-op swings to half-year profit but warns investment will hit full-year figures
The Co-operative Group has swung into the black after posting a pre-tax profit of £36m, driven by its core food convenience business.
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NewsMcColl's reveals 2.3% slip in Q3 like-for-likes in 'challenging' market
McColl’s has reported a 2.3% fall in third-quarter like-for-likes but its boss insists it was “solid progress” in what remains a tough market.
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NewsNet-a-Porter founder Natalie Massenet quits ahead of Yoox Group merger
Net-a-Porter’s founder Natalie Massenet has quit the online fashion giant ahead of its merger with Italian retailer Yoox Group.
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NewsBooker Group gets CMA approval for £40m Londis, Budgens deal
Booker Group has been given the green light by regulators to complete its £40m acquisition of convenience retailers Londis and Budgens.
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NewsChristo Wiese claims value trend is 'here to stay' as Pep & Co launch successful
South African billionaire Christo Wiese believes consumers’ obsession with value is “here to stay” and the opportunity for up to 500 Pep & Co stores in the UK remains.
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NewsTesco 'chooses preferred bidder' for South Korean business as sale nears
Tesco is remaining tight-lipped on the future of its South Korean business despite reports that it has chosen a preferred bidder for the chain.
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NewsHalfords warns of falling cycling sales but remains confident on profits
Halfords has warned that cycling sales have plummeted in its second quarter to date, but bosses remain confident it will meet profit forecasts.
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NewsFashion retailer Joules' profits soar ahead of 100th store opening
British fashion retailer and brand Joules has reported a 36% jump in full-year pre-tax profits as its celebrates its 25th anniversary.
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NewsThe Hut Group eyes expansion and potential acquisitions with £210m loan
The Hut Group has secured loan terms with its banks as it eyes UK and international expansion as well as potential mergers and acquisitions.
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NewsWoolworths chairman exits as Australian grocer reports 12% profit slump
Woolworths chairman Ralph Waters will leave the struggling supermarket chain next week after the retailer revealed full-year profits nose-dived.
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NewsConsumer confidence rises in August as economy improves
Consumer confidence improved in August as sentiment towards the general economy and personal finances prospects lifted.
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NewsFormer Tesco boss Philip Clarke summoned by Serious Fraud Office
Former Tesco chief executive Philip Clarke has been summoned for an interview by the Serious Fraud Office over the grocer’s accounting scandal.
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NewsBreakfast briefing: Retail news on Tesco, consumer confidence and TK Maxx
Retail news round-up on August 28, 2015: Fraud office summons ex-Tesco chief for interrogation and August consumer morale unexpectedly up.
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NewsFurniture Village profits surge as it gears up for website relaunch
Furniture Village has recorded a surge in profits for the year and cleared its bank debts as it gears up to relaunch its website.
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NewsSignet's UK sales hit in second quarter by exchange rates
Ernest Jones owner Signet has recorded a dip in total sales at its UK division during its second quarter after being hit by currency exchange rates.
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NewsThe Original Factory Shop profits surge as it overcomes supply chain issues
The Original Factory Shop has recorded a huge surge in full-year profits after a three-year transformation plan got off to a strong start.
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NewsPoundland to scrap 99p Stores fascia but retain all its shops
Poundland will scrap the 99p Stores fascia and replace it with its own name, following news of provisional regulatory clearance for the £55m takeover.
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NewsPoundland acquisition of rival 99p Stores provisionally approved by CMA
Poundland’s acquisition of rival retailer 99p Stores has been provisionally approved by the Competition and Markets Authority (CMA).
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NewsBreakfast briefing: Retail news on Tesco's Homeplus and Apple
Retail news round-up on August 25, 2015: Tesco receives three separate offers for Homeplus, and Apple recalls faulty iPhone 6 Plus models.
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NewsAt a glance: Online pet products etailer MedicAnimal under new ownership
MedicAnimal has been saved from administration after getting into difficulty following aggressive expansion. Retail Week profiles the etailer.