Latest finance news – Page 405
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NewsAchica sells stake to hedge fund giant Lansdowne Partners
Lansdowne Partners, one of the world’s biggest hedge funds, has taken a stake in Achica, the online homewares site set up by Asos co-founder Quentin Griffiths.
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NewsBreakfast briefing: Retail news on Internacionale, Achica and click-and-collect
Retail news round-up on August 11, 2014: Bidders line up for Internacionale name sale, Landsdowne Partners acquire Achica stake and planning permission to be scrapped for click-and-collect points.
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NewsUK consumer confidence rises four times quicker than global average
Consumer confidence in the UK rose four times faster than the global average over the last year, according to Nielsen figures.
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NewsBreakfast briefing: Retail news on Tesco, Irish inflation and eBay
Retail news round-up on August 8, 2014:S&P cuts Tesco’s credit rating, Consumer price index inflation in Ireland up 0.3%, eBay gains top spot as most popular retailer on mobile
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NewsDixons Carphone unveils combined stores on day one of merger
Dixons and Carphone Warehouse made their merger retail reality overnight by opening Carphone shop-in-shops in Currys and PC World stores on the first formal day of the tie-up.
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NewsCard Factory like-for-likes jump 2.6% in half year
Card Factory like-for-likes jumped 2.6% in its half year and it has set new store openings and market share growth in its sights.
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NewsInterest rate rise could dent consumer spending, warns think tank
A rise in interest rates could dent consumer spending if introduced within the next six months, warns the KPMG/Ipsos Retail Think Tank.
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NewsWalgreens to complete takeover of Alliance Boots
Walgreens is expected to reveal it will buy the remaining 55% stake in Alliance Boots, completing the merger of the two giants.
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NewsShop prices fall 1.9% in July marking 15th consecutive deflationary month
Shop prices fell sharply in July, marking the fifteenth consecutive month of decline as food inflation dropped to its lowest rate.
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NewsFat Face chief financial officer departs following aborted IPO
Fashion retailer Fat Face’s chief financial officer Helen Cowing has left the business following its aborted IPO.
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NewsNick Bubb’s verdict: Waitrose - wake up and smell the coffee?
The mighty Waitrose PR machine suffered a couple of jolts last week with some unhelpful headlines, but is anything really amiss?
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NewsFormer Halfords boss reportedly in running for Morrisons top job
Former Halfords boss Ian McLeod is said to be on a list of people incoming Morrisons chairman Andy Higginson is considering as a replacement for chief executive Dalton Philips.
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NewsCo-op sells farming business for £249m to focus on retail business
The Co-op is selling its farming business for £249m to the Wellcome Trust as it seeks to focus on its core retail and consumer services.
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NewsOffice is believed to be preparing for stock market flotation in 2015
Office is believed to be preparing for a stock market flotation of the business that would value the company at £300m.
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NewsHomebase circled by turnaround firms Apollo and OpCapita
Homebase has attracted the interest of turnaround investors Apollo and OpCapita, who are understood to be working on a takeover bid.
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NewsBreakfast briefing: Retail news on Homebase, Office and Industrie
Retail news round-up on August 1, 2014: Turnaround firms circle Homebase, Sir Terry Leahy invests in tech start-up, Office eyes flotation and more.
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NewsAgent Provocateur up for sale with £200m price tag
Private equity firm 3i is eyeing a £200m sale of Agent Provocateur and is holding a beauty parade of bankers to manage the auction.
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NewsInternacionale brand name put up for sale by administrator
The Internacionale brand is being put up for sale following its administration, with intellectual property specialist Metis Partners to handle the sale.
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NewsBonmarché like-for-likes up as summer ranges and warm weather boosts sales
Value fashion retailer Bonmarché has reported a 13.5% surge in like-for-likes in the 13 weeks to June 28.
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NewsConsumer sentiment slips as confidence in economic recovery falters
Consumer confidence slipped into negative territory in July, just a month after recording its first positive result in nine years.