Latest finance news – Page 419
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NewsNext increases full-year expectations after bumper first quarter
Next increased full-year pre-tax profit growth forecasts after total sales surged 10.8% in its first quarter.
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NewsHome Retail full-year sales and profits up as Argos eyes new formats
Home Retail has reported a rise in full-year sales and profits as both its Argos and Homebase brands reported “good performances”.
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NewsTesco boss Clarke faces renewed pressure over credit rating warning
Tesco boss Philip Clarke faced renewed pressure after rating agency Standard & Poor’s warned of a potential cut to its credit rating.
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NewsCarphone Warehouse like-for-likes edge up 2.3% in fourth quarter
Carphone Warehouse’s like-for-likes edged up 2.3% in its fourth quarter to March 29 despite the retailer’s strong comparatives last year.
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NewsBreakfast briefing: Retail news on Tesco, footfall and Irish retail sales
Retail news round-up on April 29, 2014: Tesco boss Philip Clarke comes under fresh pressure over S&P’s changed outlook, footfall across UK high street plunges 7.3% last week and Irish retail sales up 8.9% in March.
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NewsShoe Zone prepares to float next month as DFS boss Filby becomes chairman
Shoe Zone has revealed its intention to float next month in a deal that could value it at up to £100m as DFS boss Ian Filby joins as chairman.
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NewsBreakfast briefing: Retail news on Shoe Zone, Morrisons, M&S and more
Retail news round-up on April 28, 2014: Shoe Zone to raise £50m with IPO, Morrisons to begin delivering in London, M&S to push newly relaunched website, Oddbins plans to treble store estate, Tesco to add more expertise on to the board
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NewsBlue Inc eyes Aim entry by summer as it plans to 'supercharge' growth
Blue Inc is eyeing entry onto Aim before the summer as the retailer looks to use the proceeds to “supercharge” its growth.
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NewsB&M Bargains to refinance £585m of loans ahead of stock market debut
Value retailer B&M Bargains is to refinance £585m of loans to get its debt in better shape ahead of its potential flotation.
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NewsBreakfast briefing: Retail news on Boots, B&M, Co-op, Burberry, Game and more
Retail news round-up on April 25, 2014: Boots launches European website, B&M to refinance £585m of loans before IPO, Burberry launches on Alibaba, Scotmid operating profits plunges, Labour eyes cutting ties with Co-op Bank and more.
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NewsSir Stuart Rose to leave Blue Inc as it gears up for flotation
Sir Stuart Rose is to step down as chairman of young fashion chain Blue Inc ahead of the retailer’s imminent stock market flotation.
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NewsWickes generates 'strong' sales in first quarter
Travis Perkins’ consumer division, largely comprising Wickes, delivered “strong” sales in the first quarter.
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NewsBargain Booze owner Conviviality eyes acquisition of rival's stores
Bargain Booze owner Conviviality has confirmed it is in discussions to acquire stores from rival Bibby Retail Services.
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NewsSports Direct slams shareholders for rejecting Ashley's bonus
Sports Direct has hit out at shareholders for rejecting Mike Ashley’s bonus scheme as profits jumped in its fourth quarter.
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NewsPrimark to launch into the US with first store planned for 2015
Primark is set to launch into the US with its first store in Boston as it revealed a 26% operating profit increase in its first half.
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NewsThe Co-op to accelerate price-cuts as it bolsters convenience appeal
The Co-op’s food business is to unveil a round of price-cuts in the latest phase of its strategy to revive the retailer and exploit its convenience appeal.
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NewsSofa.com profits surge 48% as sales jump 20%
Sofa.com has reported a 48% rise in adjusted EBITDA to £5.3m for the 12 months to 28 February.
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NewsTV channel Sit-Up falls into administration despite passing CVA last month
TV shopping channel Sit-Up, which operates Price Drop and Bid TV, has collapsed into administration just a month after it secured a CVA.
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NewsThe Co-op to quit 60% of Somerfield stores as it bids to rebuild reputation
The Co-operative Group is to exit 60% of the Somerfield stores it acquired just five years ago as it seeks to refocus and rebuild its reputation
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NewsCo-op reports 'disastrous' year as losses balloon to £2.5bn
Crisis-hit Co-operative Group has reported a group comprehensive loss of £2.5bn after a “disastrous” year.