Latest finance news – Page 426
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NewsSainsbury's finance boss says discounters could double market share by 2020
Sainsbury’s finance director John Rogers has raised the prospect of discount retailers such as Aldi and Lidl doubling their market share by 2020.
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NewsPets at Home's private equity owner KKR could collect £200m from IPO
Pets at Home’s private equity owner KKR could make more than £200m as a result of the specialist retailer’s stock market listing.
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NewsMPs call for urgent overhaul of the business rates system
The Government must act in order for high streets not to “wither” and become “social deserts” said the chair of the Retail Inquiry MP Adrian Bailey.
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NewsBreakfast briefing: Retail news on Pets at Home, Harris + Hoole, Carphone Warehouse
Retail news round-up on March 4, 2014:Pets at Home owner KKR could reap over £200m from float, Tesco coffee shop chain Harris+ Hoole to double store count, Carphone Warehouse fined in Ireland for sending spam text messages, and Crew Clothing hires Amy Bastow as commercial director
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NewsUniqlo owner Fast Retailing mulls $5bn bid for J Crew
Japanese giant Fast Retailing, which owns Uniqlo, is mulling a bid for US fashion retailer J Crew, which could value it at $5bn.
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NewsThorntons profits jump as FMCG outgrows retail sales
Chocolatier Thorntons pre-tax profit jumped from £4.9m to £7.2m in its first half as its FMCG division outgrew retail sales.
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NewsWarren Buffett slashes stake in troubled Tesco by a quarter
Billionaire investor Warren Buffett has cut his stake in Tesco by more than a quarter which could knock confidence in its turnaround plan.
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NewsMaplin up for sale as owner Montagu eyes £200m exit
Electronics retailer Maplin is up for sale as private equity owner Montagu eyes a £200m exit from the business after ten years.
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NewsBreakfast briefing: Retail news on Maplin, Marks & Spencer, Tesco, John Lewis Partnership and more
Retail news round-up on March 3, 2014: Maplin up for sale, M&S hires Next Sourcing gurus, Warren Buffet cuts Tesco stake, John Lewis Partnership to slash annual staff bonus and more.
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NewsBoohoo adds Zoopla finance boss to board as it confirms float
Boohoo has added Zoopla chief financial officer Stephen Morana to its stellar board as it confirms its float plans.
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NewsConsumer confidence holds steady in February after January's surge
Consumer confidence remained flat in February after surging six points in January, according to the GfK UK Consumer Confidence Index.
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NewsOpCapita boss Henry Jackson steps down from Game role
Controversial OpCapita boss Henry Jackson, is stepping down from Capitex Holdings, the firm that controls Game, ahead of its potential IPO.
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NewsPets at Home sets price range for £1.3bn stock market float
Pets at Home has set the price range of 210p to 260p per share for its IPO giving it a market capitalisation of up to £1.05bn to £1.3bn.
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NewsBreakfast briefing: Retail news on Pets at Home, Game, consumers confidence and New Look
Retail news round-up on February 28, 2014: Pets at Home valued at up to £1.3bn as it sets float price range, OpCapita boss Henry Jackson steps down from Game, Consumer confidence remains high and New Look hires new digital boss.
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NewsAo.com shares leap on stock market debut
Ao.com turbo-charged the stock market when its shares debuted yesterday and spiked more than 40%.
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NewsBreakfast briefing: Retail news on AO.com, Tesco and French Connection
Retail news round-up on February 27, 2014: AO.com insists it is not benefitting from ‘dot com bubble’, Tesco under fire from farmers for buying less British beef, French Connection appoints media agency
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NewsFormer Shop Direct boss Mark Newton-Jones to join Boohoo board
Former Shop Direct chief executive Mark Newton-Jones is to bolster the Boohoo board ahead of its float.
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NewsAo.com valued at £1.2bn as it debuts on London Stock Exchange
Electricals etailer Ao.com has debuted on the London Stock Exchange at a value of £1.2bn, at the upper end of expectations for its IPO.
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NewsWickes full-year sales up but profits down as it invests in price
Travis Perkins’ consumer division, largely comprising Wickes, reported sales up but profits down last year as it invested in price.
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NewsTesco reveals online grocery profits as it builds multichannel offer
Tesco has revealed it made £127m of trading profit in its UK online grocery arm last year, lifting a shadowy veil from one of the biggest unanswered questions in grocery.