Latest finance news – Page 428
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NewsSports Direct set to hit £310m EBITDA target as profit soars
Sports Direct is “very confident” of hitting its internal £310m full-year EBITDA target as profit soars in its third quarter.
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NewsDixons trumpets strengths as Ao.com prepares to float
Dixons has extolled the virtues of its white goods and online businesses as etail rival Ao.com prepares to float on the London Stock Exchange.
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NewsFloat is 'start of the Poundland story' as Spanish launch nears, says boss McCarthy
Poundland chief executive Jim McCarthy said the retailer’s float is the “start of the story” as it moves closer to opening its first Spanish stores.
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NewsJanuary inflation falls below 2% target for the first time in four years
Inflation fell below the Bank of England’s 2% target to 1.9% in January for the first time since November 2009.
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NewsBRC unveils options for future of business rates
The British Retail Consortium (BRC) has laid out ideas including linking business rates to energy use and scrapping it as a property tax as it pushes for reform of the burdensome existing system.
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NewsPoundland presses button on Stock Exchange flotation
Poundland has officially confirmed its intention to float on the London Stock Exchange.
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NewsBreakfast briefing: Retail news on Poundland, Dixons, Northern Ireland footfall and Tesco
Retail news round-up on February 18, 2014: Poundland publishes intention to float, Dixons launches counter-attack against Ao.com after share price falls, footfall in Northern Ireland drops 2% in January and Tesco loses 6.6% market share in Ireland
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NewsPoundland, Pets at Home and Boohoo.com poised to float in next two weeks
Poundland, Pets at Home and online fashion retailer Boohoo.com are leading the race to float in the next two weeks.
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NewsPlay.com owner Rakuten acquires messaging app for $900m
Rakuten, the Japanese owner of Play.com, has acquired messaging app Viber for $900m (£538m).
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NewsFormer Travis Perkins boss to chair Card Factory for IPO
Dunelm chairman and former Travis Perkins chief executive Geoff Cooper has been appointed chairman of specialist retailer Card Factory, which is expected to float.
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NewsBusiness rates waived for flood-hit firms as retail stores battered
The Prime Minister has vowed to help companies damaged by the floods as retail stores continue to be battered.
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NewsMorrisons boss rallies his troops for food fightback
Morrisons chief executive Dalton Philips has drawn on American military survival tactics used during the Vietnam War to galvanise his forces as he bids to revitalise the embattled grocer.
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NewsDunelm expands into furniture as first half profits rise
Value homewares retailer Dunelm is expanding into furniture as it seeks to expand the business.
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NewsNew Look rules out IPO as it ramps up international expansion
New Look has ruled out joining the throng of retail IPO candidates as it focuses on ramping up its international expansion.
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NewsPets at Home strengthens board as it prepares to float
Pets at Home is to appoint two new female directors as it seeks to hit boardroom diversity targets and strengthen its board ahead of an expected flotation.
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NewsNew Look third-quarter sales rise driven by online
Fashion retailer New Look has reported an increase in sales in the third quarter when it defied “difficult” conditions.
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NewsDunelm first-half profits rise despite like-for-like sales slip
Homewares retailer Dunelm has reported a rise in profits despite a decline in like-for-likes sales in the first half.
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NewsBreakfast briefing: Retail news on Pets at Home, Amazon, Lush and retail sales
Retail news round-up on February 11, 2014: Pets at Home strengthens board ahead of expected float, retail sales growth steps up in January and Amazon infringes Lush’s copyright.
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NewsGame poised for courtroom battle over unpaid rents
Game is set for a courtroom battle with a consortium of the UK’s largest landlords this week over millions of pounds of unpaid rent.
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NewsAsda mulls Early Learning Centre bid to fill big box store space
Asda is understood to be considering a bid for struggling toy retailer Early Learning Centre as it looks to fill excess space in its stores.