Latest finance news – Page 432
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NewsMike Ashley's Sports Direct acquires 4.63% stake in Debenhams
Mike Ashley’s Sports Direct has acquired a 4.63% in troubled department store group Debenhams.
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NewsScottish large retailer business rates levy to end next year
A business rates levy on large retailers in Scotland is to end in 2015 after raising a forecast £95m.
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NewsJD posts increase in like-for-like sales over Christmas
JD Sports Fashion has reported a step up in like-for-like sales growth over Christmas, aided by a strong performance in its core sports arm.
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NewsCold Christmas for retail as sales growth stalls
Retailers’ hopes for a winning Christmas have been dashed after food suffered its worst performance for five years and non-food was saved by online.
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NewsM&S forced into Sale early by 'unprecedented' level of promotions, says Bolland
Marks & Spencer boss Marc Bolland said the retailer tried to hold its nerve over Christmas promotions but was forced into Sale early by “unprecedented” promotional activity.
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NewsTed Baker Christmas sales jump 18%
Ted Baker sales increased 18.3% over the Christmas period in the eight weeks from November 10 to January 4.
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NewsMarks & Spencer blames warm weather and discounting for lacklustre quarter
Marks & Spencer has blamed warm weather in October and Christmas discounting for its lacklustre third-quarter performance, which was dragged down by general merchandise sales.
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NewsTesco reports UK Christmas like-for-likes down 2.4%
Tesco has reported like-for-like sales in the UK fell by 2.4% over Christmas, maintaining that weakness in the grocery market impacted its performance.
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NewsWarm summer helps lift Bravissimo full-year figures
Lingerie retailer Bravissimo has revealed growth in sales and pre-tax profits in its full-year figures, as the company expects to open new stores this year.
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NewsLovehoney full-year profits rise as it hits the right buttons
Online retailer Lovehoney saw its full-year profits treble to £2.25m, thanks to demand for its exclusive Fifty Shades of Grey licensed range and an increasing public acceptance of sex toys.
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NewsUpdated: Fat Face profits rise after strong first half
Fat Face has posted a strong performance in its the first half as it maintained its full price strategy in the run-up to Christmas despite heavy discounting across the high street.
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NewsChristmas discounting sends shop prices tumbling at fastest rate in seven years
Shop prices dropped at their fastest rate for seven years in December as retailers attempted to woo customers with heavy discounts over the Christmas period.
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NewsUpdated: Mothercare warns on profits amid 'highly promotional' Christmas conditions
Mothercare has issued a profit warning blaming the “highly promotional” Christmas environment and lower footfall impacting sales and margins.
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NewsSainsbury's like-for-likes edge up 0.2% over "best ever" Christmas
Sainsbury’s has reported like-for-likes were up 0.2% in its third quarter but still recorded its best ever Christmas.
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NewsTopps Tiles remains cautious despite first-quarter sales leap
Topps Tiles’ like-for-likes increased 9.3% in the 13 weeks to December 28.
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NewsDunelm second-quarter sales boosted by TV campaign and catalogue
Dunelm’s like-for-likes increased 2.9% in the second quarter boosted by its new catalogue and first TV ad campaign.
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NewsOsborne pledges retail support as business rates discussions progress
Chancellor George Osborne has said retailers need help to tackle their business rate bills ahead of a discussion document on rates due to be published this year.
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NewsBargain Booze owner Conviviality appoints David Adams as chairman
Bargain Booze owner Conviviality Retail appoints former Jessops boss David Adams as its new chairman.
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NewsEtailer Net-a-Porter narrows losses after reducing discounts
Fashion etailer Net-a-Porter recorded an increase in sales and narrowed losses last year following a reduction in discounting.
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NewsNext profit forecasts raised after bumper Christmas
Next has raised its profit forecasts after enjoying a bumper Christmas period driven by strong sales of Christmas jumpers and growth in its ecommerce arm.