Latest finance news – Page 368
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NewsCard Factory first-quarter sales climb 7.5% as new stores drive trade
Card Factory has reported that its first-quarter sales rose 7.5%, helped by the roll-out of new stores and online growth.
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NewsTiger continues rapid expansion as parent Zebra's profits soar
Zebra, the owner of value retailer Tiger, recorded a 68% jump in pre-tax profits to 196m krone (£18.6m), driven by rapid expansion.
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NewsConsumer confidence reaches nine-year high, says Nielsen
Consumer confidence in the UK has risen to its highest level for nine years, according to the latest Nielsen figures.
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NewsMoss Bros like-for-likes jump 7.4% as ecommerce momentum continues
Formalwear retailer Moss Bros has reported a 7.4% jump in like-for-likes as bosses remain “confident” of hitting targets.
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NewsMothercare boss warns it's still "early days" as turnaround takes shape
Mark Newton-Jones has admitted it has been a “hell of a year” and is still “early days” as he bids to turn around the buggy and babywear retailer.
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NewsTesco boss Dave Lewis paid £4.1m in first six months in role
Tesco boss Dave Lewis has been paid £4.1m in his first six months at the struggling grocer, the retailer’s annual report has revealed.
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NewsBooker Group to acquire Londis and Budgens in £40m deal
Booker Group has agreed a deal to buy Musgrave Retail Partners’ GB business – which includes convenience retailers Londis and Budgens – for £40m.
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NewsM&S boss: I’m happy with health of the business, but still more to do
Marks & Spencer’s boss Marc Bolland believes it still has plenty to do as part of its turnaround, but said he is “enjoying” the challenge.
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NewsInterview: Charles Tyrwhitt founder Nick Wheeler on succeeding in menswear
Charles Tyrwhitt founder Nick Wheeler reveals his thoughts on the direction of the menswear retailer, service and men’s shopping habits.
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NewsBurberry full-year profits rise but profit guidance for next year lowered
Burberry has posted a rise in underlying pre-tax profits but has lowered its profit guidance for next year due to foreign exchange movements.
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NewsMarks & Spencer profits grow but fashion remains challenging
Marks & Spencer has reported its first profit rise in four years but posted disappointing results in fashion, blaming the warm autumn.
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NewsBreakfast Briefing: Retail news on Scotland, Walmart and Which?
Retail news round-up on May 20, 2015: Scottish retail sales down, Walmart’s first-quarter profits slump, Which? accuses grocers still misleading shoppers, and more.
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NewsAustin Reed Group still has legs if it can nail online and multichannel, says analyst
Struggling retailer Austin Reed Group is expected to see some “green shoots” soon as it focuses on a turnaround, according to an analyst.
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NewsAsda first-quarter like-for-likes tumble 3.9% in tough market
Asda like-for-likes fell 3.9% in the first quarter but the grocer maintained it “remains a balanced, healthy sustainable business”.
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NewsTopps Tiles trade sales overtake consumer business as DIY loses popularity
Topps Tiles now makes more than half of its turnover from trade customers as the British public increasingly turns its back on DIY.
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NewsSainsbury's signs deal with Western Union to fill excess space in-store
Sainsbury’s will allow customers to make global money transfers in-store after signing a deal with financial services business Western Union.
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NewsUK enters period of deflation for first time since records began
The UK has fallen into deflation for the first time since records began, driven by cheaper travel costs and the grocery price war.
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NewsTopps Tiles half-year profits up 13.8% after stores rebrand
Topps Tiles has continued its strong UK growth, with half-year pre-tax profits up 13.8% to £9.1m after upgrading and rebranding stores.
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NewsAustin Reed Group steps up turnaround bid with investment firm loan
Austin Reed Group has secured an unspecified three-year loan from investment firm Alteri as it aims to turnaround the business and boost its multichannel offer.
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NewsAnalysis: Thorntons is still adjusting to being a commercial supplier
Thorntons boss Jonathan Hart stepped down today after four years in charge. But despite falling profits, his exit took the City by surprise.