Latest finance news – Page 382
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NewsPoundland to acquire 99p Stores for £55m
Value retailer Poundland has agreed a conditional sale agreement to purchase competitor 99p Stores for £55m, the business revealed today.
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NewsBreakfast briefing: Retail news on Topshop, RadioShack, Waterstones, Asda and DFS
Retail news round-up on February 6, 2015: Topshop ordered to pay Rihanna’s legal bill; RadioShack files for bankruptcy; Waterstones narrows losses; Asda says Tesco having ‘heart surgery’; DFS to announce intention to float
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NewsAustin Reed creditors overwhelmingly approve CVA proposal
Creditors of fashion retailer the Austin Reed Group have voted overwhelmingly in favour of its proposed Company Voluntary Arrangement (CVA).
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NewsNext to pay special shareholder dividend worth £90m
Clothing retailer Next plans to pay another special dividend totalling £90m and signalled that it may issue a further three payouts this year.
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NewsStaples set to acquire rival Office Depot in a $6.3bn deal
US office supply and stationery retailer Staples is set to buy rival Office Depot in a cash and stock deal valued at $6.3bn (£4.13bn).
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News
B&M investor raises £384m as it slashes stake in bargain retailer
US private equity firm Clayton, Dubilier & Rice has reduced its shareholding in bargain retailer B&M, selling a 12% stake and raising £384m.
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NewsAmazon in talks to take over RadioShack stores in the US
Etail giant Amazon is in talks to acquire some of troubled US electricals retailer RadioShack’s stores, it has been reported.
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NewsTesco to pay out more than £2m to former bosses Philip Clarke and Laurie McIlwee
Tesco has revealed it will pay out more than £2m to its former boss Philip Clarke and ex-finance director Laurie McIlwee.
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NewsOcado reports first annual pre-tax profit in its 15-year history
Ocado has reported its first annual pre-tax profit in almost 15 years as it claims it will “continue to lead the grocery revolution in the UK and overseas”.
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NewsBreakfast Briefing: Retail news on Tesco, Dixons Carphone, Morrisons and more
Retail news round-up on February 2, 2015: Tesco convenience head cleared, Dixons Carphone to launch mobile services, Morrisons pensions changes and more.
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NewsMike Ashley to face grilling by MPs following USC administration
Sports Direct owner Mike Ashley is likely to face questioning by Scottish MPs over the administration of his 28 USC stores.
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NewsChristo Wiese rules himself out of bid to buy Arcadia's BHS
South African billionaire Christo Wiese has reportedly ruled himself out of bid for BHS, as he progresses with plans to open his own UK retailer.
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NewsAmazon reports $214m net profit months after its biggest ever loss
Amazon has reported a net profit of $214m (£142m) during the Christmas trading period, just months after reporting its biggest ever loss.
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NewsBreakfast briefing: Retail news on Amazon, Dixons Carphone, Iceland and more
Retail news round-up on January 30, 2015: Amazon makes quarterly profit, Dixons Carphone optimistic on Three-O2 merger, Iceland’s media buying account changes hands and inflation expectations down.
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NewsConsumer confidence rebounds in January after December slip
Consumer confidence jumped by five points in January to 1, after it slipped during December, according to GfK’s Consumer Confidence Index.
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NewsAsos founder Nick Robertson sells shares worth £20m
Asos founder Nick Robertson has sold shares in the fashion etailer worth £20m following a turbulent year for the business.
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NewsBreakfast briefing: Retail news on Tesco, Waitrose, Asos and Irish retail sales
Retail news round-up on January 29, 2015: Tesco recalls foul smelling drink, Asos founder sells shares, Waitrose changes free coffee scheme, Irish retail sales rise
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NewsScS stock market return opens door to retail IPOs
Shares in sofa and carpet retailer ScS rose 8.6% to 190p on its first day back on the London Stock Exchange, signalling appetite is ripe for retail IPOs.
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NewsSir Philip Green will need all his deal-making prowess to sell BHS, observers believe
A successful sale of BHS will rely on all of owner Sir Philip Green’s legendary deal-making prowess, industry sources believe.
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NewsTesco: Details of store closures revealed as 2,000 jobs face axe
Tesco has revealed the locations of the 43 stores, nearly half of which are Express branches, that will close in an attempt to cut costs.