Latest finance news – Page 376
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NewsSuperGroup’s US licence buy-out 'will drive long-term growth'
SuperGroup has bought itself out of its US distribution licence for £22.3m, giving it exclusive rights to sell products in North America.
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NewsDFS sales jump 10.5% as bosses target international expansion
Sofa giant DFS’s sales jumped 10.5% in its first half-year results since its IPO, as the retailer seeks to become a “world-class business”.
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NewsMPs brand Sports Direct ‘callous’ over USC administration
MPs have slammed Sports Direct for “callously and deliberately” giving USC workers just 15 minutes’ notice that they were losing their jobs.
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NewsMr Bricolage and Kingfisher deal in jeopardy over potential store closures
Mr Bricolage’s board and primary shareholder have revealed concerns about its acquisition by Kingfisher due to the number of stores that could close.
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NewsCard Factory hints at future acquisitions amid Paperchase speculation
Card Factory boss Richard Hayes has said the retailer is open to acquisitions and believes it is in a “reasonable” financial position to make them.
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NewsMoss Bros reports profits increase and pushes forward with omnichannel
Moss Bros has reported a full-year pre-tax profit increase of 9% to £4.8m and has moved forward with its omnichannel strategy.
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NewsCard Factory sales and profits rise as online proposition gains traction
Card Factory’s sales have been propelled by strong online growth as the cards specialist revealed a jump in profits as it unveiled its first full-year results as a public company.
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NewsTopps Tiles like-for-likes jump 5.2% as bosses target further growth
Topps Tiles’ like-for-like sales have jumped by around 5.2% as bosses bid to capitalise on a predicted increase in spending on home improvements.
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NewsHotel Chocolat first-half profits triple as it pushes 'healthy luxury' message
Hotel Chocolat has revealed its first-half profits have more than tripled as it gears up for the crucial Easter trading period.
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NewsRussian etailer Ulmart considers $800m fundraising in growth push
Russian etailer Ulmart is interested in raising $800m (£538m) in financial markets including London to fund growth in its home country.
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NewsGrocery price war drives inflation to record low of 0%
The rate of inflation has fallen to 0%, its lowest level on record as the price of food and fuel continues to drop, according to the Office for National Statistics.
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NewsKingfisher acquisition of French rival Mr Bricolage suffers setback
Kingfisher’s acquisition of Mr Bricolage has suffered a setback after the retailer’s management and a major shareholder said they had “reservations”.
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NewsGame parts company with CFO Benedict Smith as sales and profits drop
Game has reported a drop in sales and pre-tax profits for the half year and is parting company with chief financial officer Benedict Smith.
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NewsAchica’s 2013 profits eaten into by staff cost increases despite sales rise
Achica reported an increase in sales but the luxury homewares etailer remained in the red in its full-year financial results for 2013.
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NewsAmazon gets approval from US Aviation Administration for drone trials
Amazon has been given official approval to begin testing drone flight delivery technology in US airspace.
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NewsScS posts increase in sales and gross profit but EBITDA falls
ScS reported an increase in sales and gross profit for its maiden interim results, but EBITDA and operating profits were down.
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NewsInfographic: John Lewis and Waitrose benefit from Mother’s Day sales
The John Lewis Partnership has unveiled an increase in sales, thanks to shoppers buying last-minute gifts for Mother’s Day.
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NewsWickes owner creates 4,000 new jobs across the UK
Wickes owner Travis Perkins is creating 4,000 new jobs over the next four years predominantly outside London and the Southeast.
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NewsJones Bootmaker and Brantano parent plans to sell retailers this year
Macintosh Fashion UK, which owns Jones Bootmaker and Brantano, plans to sell the footwear retailers within the next nine to 12 months.
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NewsTed Baker boss Ray Kelvin hails 'excellent year' as sales and profits jump
Fashion retailer Ted Baker’s profit before tax and exceptional items increased 23.7% to £49.5m in the year to January 31.