Latest finance news – Page 421
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NewsAo.com unveils 40% growth in full year sales
Ao.com has confirmed that it finished its year to March 31 in line with market expectations with unaudited sales growth of 40%.
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NewsMothercare UK like-for-likes flat as worldwide sales dip
Mothercare group network sales dipped 2.5% in its fourth quarter as its UK business showed some improvement with flat like-for-likes.
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NewsWHSmith first half profits rise as cost-cutting continues
WHSmith pre-tax profit rose 3% to £69m despite like-for-like sales falling 4% in its first half as cost saving continues at the business.
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NewsMarks & Spencer like-for-likes flat but clothing sales improve
Under-pressure Marks & Spencer reported flat like-for-likes but its clothing performance picked up over the fourth quarter.
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NewsFirst round bids for Kiddicare expected by end of month
First round bids for Morrisons-owned maternity specialist Kiddicare are expected by the end of the month.
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NewsMcColl’s builds community and convenience credentials
McColl’s is to capitalise on its position as a convenience player in the heart of communities by strengthening its ties with the Post Office and expanding its range of on-the-go food.
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NewsThe Hut Group to 'disrupt' property market with new acquisition Preloved
Etailer The Hut Group is attempting to disrupt the estate agency market by waiving all fees in April on the website of new acquisition Preloved.
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NewsMade.com latest etailer to eye IPO as it holds talks with advisers
Made.com, the online furniture specialist backed by Lastminute.com co-founder Brent Hoberman, is the latest etailer to explore an IPO.
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NewsMike Ashley and Sir Tom Hunter face legal row over House of Fraser stake sale
Sports Direct owner Mike Ashley faces a legal row over the House of Fraser stake he acquired from Sir Tom Hunter.
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NewsBreakfast briefing: Retail news on House of Fraser, Co-op, Made.com and supermarkets
Retail news round-up on April 7, 2014: Sir Tom Hunter offloads 11% stake in House of Fraser to Mike Ashley, The Co-op breaks into mobile phone market, Made.com mulls stock market listing and supermarkets told to move away from ‘buy-one-get-one-free’ offers
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NewsHouse of Fraser to be acquired by Chinese Sanpower group as early as today
House of Fraser is set to be acquired by Chinese conglomerate Sanpower imminently with a deal expected as early as today.
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NewsInfographic: John Lewis sales up 5.9% as warm weather boosts shopping
John Lewis sales rose 5.9% in the week to March 29 as shoppers basked in warm weather and bought gifts for Mother’s Day.
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NewsHigh street 'unexpected winner' as it remains resilient in face of administrations
High streets have emerged the “unexpected winners” after retail parks and shopping centres suffered more as a result of the 27 biggest administrations since 2009.
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NewsTesco-owned Dunnhumby acquires Berlin tech firm Sociomantic
Dunnhumby, the customer science company owned by Tesco, has acquired Berlin-based advertising technology firm Sociomantic.
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NewsDunelm like-for-likes up 5% in third quarter
Dunelm said it benefited from weak comparables - this time last year heavy snow put off shoppers - as well as “ongoing investments which have strengthened our customer proposition”.
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NewsKingfisher in talks to acquire French rival Mr Bricolage for €275m
DIY giant Kingfisher has entered into exclusive negotiations to acquire a majority stake in French rival Mr Bricolage.
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NewsSports Direct shareholders reject proposal for Mike Ashley bonus
Sports Direct shareholders have once again rejected proposals to introduce a bonus scheme for founder Mike Ashley.
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NewsHomewares retailer Paul Simon collapses after floods hit sales
Home furnishings retailer Paul Simon has collapsed after the recent flooding meant shoppers could not reach some stores, hitting revenue.
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NewsMarks & Spencer to offer online order collection from 4,300 locations in France
Marks & Spencer is to tap into a network of 4,300 online order collection points in France as it increasingly adopts a multichannel approach to international expansion.
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NewsOverseas to account for 90% of Asos sales as it invests for future
Asos boss Nick Robertson reinforced he is building a global giant as he predicts overseas will account for 90% of sales in four years time.