Latest finance news – Page 373
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NewsWHSmith profits up 4% but high street sales continue to slip
WHSmith said group pre-tax profit increased 4% to £73m in its half-year but the retailer’s group sales continued to drop.
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NewsDebenhams half-year profits rise 4.3% as it retunes promotional strategy
Debenhams half-year profits have risen 4.3% to £88.9m as the department store group’s refocused promotional strategy paid off.
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NewsBank administrators confirm closure of remaining nine stores
Bank administrators have revealed the fashion retailer’s remaining nine stores will close by the end of April.
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NewsLiberal Democrats commit to reforming business rates in manifesto
The Liberal Democrats have said the party remains committed to reforming business rates if voted into government next month.
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NewsJD Sports profits surge: What the analysts say
JD Sports profits surged 22% during the year on the back of the strong performance at its sports fashion division. This is what the analyst say.
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NewsTesco takes full ownership of Euphorium bakery chain
Tesco has taken full ownership of the Euphorium bakery chain despite questions being raised over the future of the grocer’s strategy of buying non-core businesses.
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NewsForget the living wage, Government must tackle welfare issues, says BRC
Retailers have urged MPs to tackle issues such as childcare and benefits to help low earners, rather than focusing on “blunt instruments” such as the living wage.
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NewsJD Sports success driven by health-conscious consumers, says boss Cowgill
JD Sports boss Peter Cowgill said the retailer’s recent success can be attributed to an increase in health-conscious consumers.
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NewsBurberry sales increase driven by EMEIA and Americas operations
Burberry has recorded a jump in retail sales during its second half on the back of robust growth in its EMEIA and Americas markets.
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NewsFormer SuperGroup finance chief’s bankruptcy annulled by courts
SuperGroup’s former chief financial officer Shaun Wills, who left the company after being declared bankrupt, has had the ruling annulled by the courts.
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NewsJD Sports profits climb 22% as products 'enthuse and excite' shoppers
JD Sports Fashion pre-tax profit before exceptional items has broken through the £100m barrier for the first time.
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NewsDixons Carphone sells The Phone House to German telecoms firm Drillisch
Dixons Carphone is selling its German phone retail business to telecoms firm Drillisch following a significant restructuring of the business.
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NewsPhones 4U creditors to receive one fifth of money owed following collapse
Phones 4U bondholders will receive between 20p and 24p in the pound of the money they are owed following the retailer’s administration.
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NewsPoundland may ask for more time to respond to 99p Stores takeover concerns
Poundland is poised to ask for more time to respond to the competition authority’s concerns about its 99p Stores takeover.
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NewsMaplin records strongest growth since 2008 after focus on product and service
Maplin full year like-for-likes increased 4.3%, the electronic retailer’s strongest growth in seven years.
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NewsConservative manifesto at a glance: tax, new jobs and an EU referendum
The Conservative Party will unveil its manifesto today, Retail Week looks at the key points affecting the retail industry.
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NewsInflation remains flat at 0% as clothing and gas prices fall
Inflation remained flat at 0% for the year to March as falls in clothing and gas prices kept the rate of inflation down, according to the ONS.
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NewsRetail grows slower than other consumer services after Black Friday 'hangover'
The UK retail sector is growing slower than other consumer services after being tempered by Black Friday and price deflation, according to a think tank.
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NewsPoundland's sales hit £1bn amid investigation into 99p Stores acquisition
Poundland’s annual sales hit £1bn for the first time as it “carefully considers” the decision to investigate the acquisition of 99p stores.
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NewsCharles Tyrwhitt founder receives £15.7m payout after profits rise
Charles Tyrwhitt founder Nick Wheeler has received a £15.7m payout, after the retailer revealed its turnover increased 20%.