Latest finance news – Page 425
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NewsOcado reports quarterly sales rise as customer orders jump 18%
Online grocer Ocado reported a quarterly sales rise, with gross sales surging 22.6% to £227.5m in the 12 weeks to February 23.
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NewsBreakfast briefing: Retail news on Select, Forever 21, eBay and Burberry
Retail news round-up on March 12, 2014: Select places offer for Internacionale stores, Forever 21 widens pre-tax loss, eBay launches international initiative.
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NewsSecond wave of Portas Pilots spend just a third of funds
The second round of Portas Pilots have spent just 36% of the Government money allocated to them 18 months ago to resuscitate high streets.
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NewsSports Direct asks shareholders to back bonus share scheme for Mike Ashley
Sports Direct is asking shareholders to again back a bonus share scheme, worth about £65m, for its executive deputy chairman Mike Ashley.
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NewsCo-op boss Euan Sutherland writes resignation letter
Co-operative Group chief executive Euan Sutherland has written a resignation letter after labelling the business “ungovernable”.
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NewsBreakfast briefing: Retail news on February retail sales, eBay and HMV
Retail news round-up on March 11, 2014: Retail sales down 1% in February as food price inflation slows, EBay boss John Donahoe’s total compensation cut by more than half, HMV to ditch pre-owned game sales
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News40% of retail sites 'overpaying' business rates because of deferred revaluation
Some 40% of UK retail sites are paying over the odds in business rates because of the Government’s controversial decision to defer a property revaluation to 2017.
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NewsMoonpig.com owner Photobox plans IPO
Moonpig.com owner Photobox plans to join the swathe of retailers floating on the stock market.
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NewsTesco prepares for finance boss McIlwee's potential departure
Tesco is preparing for the departure of its finance director Laurie McIlwee amid tensions with its chief executive Philip Clarke, Sky News has reported.
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NewsBreakfast briefing: Retail news on Poundland, Tesco, Morrisons, Amazon and Sainsbury's
Retail news round-up on March 10, 2014: Poundland to float with £750m valuation, Tesco finance boss McIlwee set to exit, Morrisons to sell off property, Amazon to develop computer games and Sainsbury’s staff take home £8m windfall.
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NewsHilco bids to buy struggling Irish sports retailer Elverys
Hilco, the company behind the rescue of HMV, has launched a bid to buy struggling Irish sports chain Elverys and its 56 stores.
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NewsBreakfast briefing: Retail news on Majestic Wine, Waitrose, Hilco and Boohoo.com
Retail news round-up on March 7, 2014: Majestic Wine hires new CRM agency, Waitrose plans more Scottish stores, Hilco bids for Elverys, Boohoo to begin trading on March 14.
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NewsBoohoo valued at £560m as it plots to use funds for overseas growth
Fashion etailer Boohoo has been valued at £560m as its management team plans to use the proceeds to drive its international growth.
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NewsJohn Lewis Partnership awards staff 15% bonus as profits rise almost 10%
The John Lewis Partnership has delivered profit before bonus, tax and exceptional items up by almost 10% and has awarded staff a 15% bonus.
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NewsAo.com angers suppliers by asking them to clarify terms with rival Dixons
Online white goods retailer Ao.com is understood to have written to suppliers asking them to clarify whether Dixons gets better terms than they do.
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NewsBreakfast briefing: Retail news on Amazon, AO.com, House of Fraser and more
Retail news round-up on March 6, 2014: Amazon inks Mexican food deal; AO.com writes to suppliers over Dixons terms; House of Fraser to open 12 click and collect shops; and consumer confidence in Ireland up
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NewsBoohoo to be valued at £500m as Ao.com exercises over-allotment option
Boohoo shares are expected to sell at 50p, valuing it at more than £500m, as Ao.com exercises its “over-allotment” option.
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NewsShop prices in February deflate to deepest level for eight years
Shop prices fell in February for the tenth consecutive month, declining at their steepest rate for eight years.
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NewsBreakfast briefing: Retail news on shop prices, PowaTag and Boohoo.com
Retail news round-up on March 5, 2014: Shop prices fall at fastest rate for seven years; app technology PowaTag is launched; and Boohoo.com sets flotation price
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NewsThorntons eyes growth as turnaround bears fruit, says boss Jonathan Hart
Thorntons has said its turnaround strategy has delivered success and is now focusing on a year-round sales strategy, after revealing a 47% jump in pre-tax profits for the first half of the year.