Latest finance news – Page 362
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NewsBreakfast briefing: Retail news on retail administrations, Mulberry, Zalando and Flipkart
Retail news round-up on July 9, 2015: Retailer administrations fall by a third, Mulberry creative director takes up role, Zalando shareholders sell shares and India’s Flipkart to adopt app-only strategy
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NewsTesco's new UK boss Matt Davies handed £3.2m 'golden hello'
Tesco’s new UK boss Matt Davies has been handed a ‘golden hello’ in shares worth £3.2m after joining the embattled grocer from Halfords.
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NewsBreakfast briefing: Tesco Malaysia deal and pay, and store prices
Retail news round-up on July 8, 2015: Japanese retailer Aeon is interested in acquiring Tesco’s Malaysian operations and UK shop prices continue to fall.
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NewsPaperchase on brink of being sold to US private equity group
Greetings card and stationery specialist Paperchase is poised to be sold to an American private equity firm for £150m, according to reports.
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NewsMaplin names new boss and reports flat full-year profits
Electronics retailer Maplin has reported flat full-year profits and revealed it will have a new chief executive from September.
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NewsUS variety store group Dollar Tree completes takeover of Family Dollar
US variety store chain Dollar Tree has completed its takeover of rival Family Dollar following a year-long merger saga.
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NewsBolland: M&S beat the market in a tough quarter for fashion
Marks & Spencer’s general merchandise arm outperformed the market despite a slip in first-quarter like-for-likes, Marc Bolland has maintained.
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NewsAsos upbeat on full-year prospects after strong third-quarter
Online fashion retailer Asos has reported strong trading performance in its third quarter as group retail sales rose 20%.
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NewsPromotional market hits Marks & Spencer clothing revival
Marks & Spencer has reported a flat first-quarter for clothing and home furnishings but says it is on course to improve margins for apparel.
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NewsEx-Majestic Wine boss Lewis pocketed almost £1m during final year in charge
Former Majestic Wine boss Steve Lewis took home close to £1m during his final year at the retailer, including a £416,000 payoff.
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NewsHalf of Wilko founding family secures £63m from stake sale
One half of the family behind value chain Wilko collected £63m from selling its stake in the retailer last year, new documents have revealed.
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NewsApple reveals 19% drop in UK retail profits as sales flatline
Apple recorded an 18.6% drop in full-year profits from its UK retail operations last year, after it was hit by wage and rent rises.
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NewsJD Sports aims to open stores in every large European city
JD Sports boss Peter Cowgill has vowed to have a store in “every major city in Europe” after unveiling a new flagship on Oxford Street.
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NewsWyevale Garden Centres capital full-year profits shoot up 55%
Operating profit at Wyevale Garden Centres grew 55% to £34.1m in the year to December 28 after a “transformational year”.
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NewsGovernment rules out legal action against Comet directors after probe
The Government has ruled out any action against the former directors of Comet after concluding a two-year investigation into its collapse.
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NewsBreakfast briefing: Retail news on Lidl, Ikea and Dollar Tree
Retail news round-up on July 3, 2015: Lidl funded by World Bank, Ikea plans Autralian ‘mini stores and Dollar Tree wins approval for Fmaily Dollar deal
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NewsDirect Golf reveals sales recovery after Sports Direct deal
Direct Golf has reported a drop in full-year sales and profits, but says it is on track for a record performance in its current financial year.
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NewsBrightHouse profits rise despite 'challenging' year of political uncertainty
BrightHouse has recorded a jump in pre-tax profits and sales for the year in the face of a “challenging” year created by political upheaval.
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NewsTopps Tiles like-for-likes jump in third quarter as market share grows
Topps Tiles’ like-for-like sales have jumped 5.9% during its third quarter as the retailer continues to grow its market share.
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NewsOcado half-year sales and EBITDA rise: What the analysts say
Online grocer Ocado has reported an 11.4% jump in half-year EBITDA driven by a strong uplift in retail sales. Here is what the analysts say.