Latest finance news – Page 370
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NewsMorrisons sales fall in first quarter but rate of decline reduces
Morrisons’ sales continued to fall in the first quarter but the grocer has managed to dramatically slow the rate of its sales decline.
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NewsThird of grocery spend now on promotion as food prices drop again
A third of grocery spend is from products on promotion and the trend has driven food prices to a record low as shop price deflation continues.
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NewsSainsbury's falls to £72m full-year loss: What the analysts say
Sainsbury’s plunged to a £72m pre-tax loss for the 2014/15 year, driven by falling sales and property writedowns. This is what the analysts said.
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NewsSuperGroup on track to deliver profit of between £60m and £65m for the year
Fashion retailer SuperGroup has said it is on track to meet its profit guidance of between £60m and £65m for its latest financial year.
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NewsLive blog: Reaction to Sainsbury's full-year results – a £72m statutory loss
Follow our live blog for the latest updates and reaction to the news that Sainsbury’s has slumped to a £72m statutory loss, its first for a decade.
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NewsSainsbury's finance boss says 3% grocery margins will be the new norm
Sainsbury’s chief financial officer John Rogers believes margins in the grocery sector will “stabilise” at around 3% in the next few years.
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NewsBoohoo full-year pre-tax profits up despite discounting at rivals
Fashion etailer Boohoo has reported that its pre-tax profits rose 3% at actual exchange rates to £11.1m in the year to February 28.
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NewsPoundland triggers full CMA probe over bid to acquire 99p Stores
Poundland has confirmed it will push ahead with its bid to acquire 99p Stores, triggering a full ‘phase II’ probe by the Competition and Markets Authority (CMA).
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NewsSainsbury's hit by £72m loss but Coupe hails 'encouraging signs' of growth
Sainsbury’s has slumped to a £72m statutory loss, its first for a decade, as the supermarket giant’s sales dropped amid a relentless price war.
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NewsSafeway prepares for flotation three months after being taken private
US grocer Safeway is preparing for a stock market flotation later in the year, only three months after it was taken private.
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NewsRetailers need to wean UK shoppers off their diet of discounts, says report
Retailers need to shift customers off discounts to improve margin and trust, according to a white paper produced by KPMG and Ipsos
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NewsLeahy investment firm in talks with Chinese backers to buy New Look
The investment firm that employs former Tesco boss Sir Terry Leahy is in talks with Chinese backers to make a bid for New Look
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NewsRoyal baby to boost profits for London's West End retailers
The birth of the Princess is likely to boost West End retailers’ profits as tourists visit the capital
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NewsBreakfast Briefing: Retail News on Evans Cycles, Amazon, New Look and more
Retail news round-up on May 5, 2015: Evans Cycles sold to ECI, Amazon hikes minimum spend for free delivery, investment firm CD&R circles New Look, and more…
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NewsEvans Cycles new owner eyes more stores beyond its south-east heartland
Evans Cycles new owner ECI said it was attracted by the bike retailer’s strong multi-channel offering and is mulling more stores beyond its south-east stronghold.
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NewsActive sells Evans Cycles to private equity group ECI
Private equity firm Active has sold Evans Cycles to another private equity business, ECI, for an undisclosed sum.
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NewsRetailers upbeat in face of uncertainty over general election results
Retailers are bullish in the face of potential consumer uncertainty generated by next week’s too-close-to-call general election.
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NewsConsumer confidence stays level but shoppers wary of big-ticket buys
Consumer confidence has remained level in April but shoppers became less sure about big-ticket purchases, according to the latest figures.
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NewsLow level of customer debt reflects turn in economy, says N Brown boss Angela Spindler
N Brown’s lowest level of customers in arrears is a sign of a turn in the economy, said N Brown chief executive Angela Spindler.
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NewsHome Retail profits jump 14% as Homebase outpaces Argos: What the analysts say
Homebase has outpaced Argos in terms of sales growth to drive parent company Home Retail’s group profits up 14%. This is what the analysts said.