Latest finance news – Page 379
-
NewsBillionaire Buffett admits 'embarrassment' over Tesco investment
Billionaire investor Warren Buffett has admitted he is “embarrassed” for taking too long to exit a £1.5bn investment in supermarket giant Tesco.
-
NewsSports Direct faces City backlash over search for finance director
Sports Direct is facing growing unrest among its shareholders over the retailer’s ongoing search for a new finance director.
-
NewsTPG 'in advanced talks' over £120m deal to acquire Poundworld
TPG is reportedly in advanced talks to buy Poundworld in a deal that could be worth more than £120m.
-
NewsGame Digital acquires games festival organiser Multiplay for £20m
Video games retailer Game Digital has acquired games festival organiser Multiplay for £20m as it seeks to improve its fortunes.
-
NewsBreakfast Briefing: Retail news on Poundworld, Morrisons, Sports Direct, Tesco and more
Retail news round-up on March 2, 2015: TPG could acquire Poundworld, Dunelm founder buys Morrisons stake, investors concern over Sports Direct’s delay on finance director and more.
-
NewsAldi's brand value surges 11% as it surpasses Tesco
Aldi’s brand value rose 11% to £9.2bn in the past year, making it more valuable than Tesco whose brand value plummeted by £3.6bn this year.
-
NewsTarget security costs reached $162m following 2013 data breach
Target has revealed its 2013 security breach, which compromised customer data, has cost the business $162m (£105m).
-
NewsCo-op drafts in finance chief and reveals new heads of IT and communications
The Co-operative Group has confirmed that it has hired a new chief financial officer, but cannot reveal their name due to confidentiality clauses.
-
NewsJC Penney shares take a hit after posting unexpected loss
US department store group JC Penney saw its shares take a tumble last night after the retailer posted lower than expected results.
-
NewsConsumer confidence remains constant for February
Consumer confidence has remained at 1 for February, according to GfK’s UK Consumer Confidence Index, following a slip in December 2014.
-
NewsInfographic: John Lewis reports strong sales, while Waitrose lags
Department store retailer John Lewis recorded an increase in sales in the week to February 21, with a strong performance from home and fashion.
-
NewsBreakfast Briefing: Retail news on Tesco, B&Q and Carphone Warehouse
Retail news round-up on February 27, 2015: Tesco left with just one woman on the board, B&Q accused of pay-to-stay threats and Carphone Warehouse Ireland back in black
-
NewsHouse of Fraser to ask suppliers for 20% discount on orders
House of Fraser is introducing a buying scheme that will seek discounts of up to 20% from suppliers if the retailer ups the size of wholesale orders.
-
NewsCountrywide Farmers reports increase in half-year sales
Rural supplies retailer Countrywide Farmers recorded a like-for-like sales increase of 2.2% to £138.8m in the six months to November 30, 2014.
-
NewsTK Maxx owner TJX profits rise 11% as it unveils plan to raise staff wages
TK Maxx owner TJX reported a rise in fourth-quarter profits as it revealed plans to raise its minimum wage to up to $10.
-
NewsAnn Summers' sales surge following launch of Fifty Shades of Grey film
Ann Summers has witnessed a surge in sales as customers bought handcuffs and products featured in new film Fifty Shades of Grey.
-
NewsAo.com boss downplays profit warning as 'bump' in the road
Ao.com chief John Roberts has described the retailer’s profit warning as a “bump” in the road and still expects 20% sales growth next year.
-
NewsShop Direct makes head office job cuts as new technology renders roles redundant
Shop Direct has made head office redundancies after implementing new technology which has made some roles obsolete.
-
NewsAo.com warns on profits after post-IPO publicity drops off
Ao.com has issued a profit warning after struggling to achieve expected revenue growth following a fall in publicity since its IPO.
-
NewsMorrisons appoints former Tesco executive David Potts as new boss
Morrisons has appointed former Tesco executive David Potts to replace Dalton Philips, who left a month ago, as its new chief executive.