Latest finance news – Page 439
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NewsMountain Warehouse's overseas business to outgrow UK in next five years
Outdoor retailer Mountain Warehouse is seeking to build an overseas business bigger than its UK operation in the next five years after its management team took full control of the retailer.
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NewsPoundland drafts in former analyst Philip Dorgan as it eyes IPO
Seasoned retail analyst Philip Dorgan has joined Poundland to help the value specialist assess options, including an IPO.
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NewsCo-operative Bank to shed 15% of branches as part of rescue plan
The Co-operative’s rescue plan for its bank will result in shedding 15% of its branches and cutting its share to 30%.
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NewsBargain Booze owner Conviviality reports improved trading in first half
Bargain Booze owner Conviviality Retail has reported like-for-likes edged up 0.6% in its first half to October 27.
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NewsManagement buys out Mountain Warehouse
Mountain Warehouse’s management has taken full control of the outdoor clothing retailer and plans to expand its European store count to 300 shops.
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NewsBreakfast briefing: Retail news on Selfridges, Poundland and Mountain Warehouse
Retail news round-up November 4, 2013: Selfridges to invest £100m in stores revamp as sales rise; Poundland edges closer to IPO as it hires Rothschild; Mountain Warehouse management buy out Lloyds Banking Group in £85m deal
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NewsDunelm founder revealed as biggest Marks & Spencer private investor
The founder of homewares retailer Dunelm, Bill Adderley, has been revealed as the biggest private shareholder in Marks & Spencer.
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NewsDixons completes sale of Turkish business Electroworld
Dixons has completed the sale of its Turkish arm Electroworld to local electricals specialist Bimeks for an undisclosed sum.
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NewsThe Range launches Christmas ad as profits rise
The Range has launched a Christmas ad showcasing its ‘surprising’ product quality and prices and full-year profits have soared.
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NewsDepartment store Liberty posts rise in sales and profits
Sales and profits rose at London department store Liberty last year helped by its Westfield Stratford pop-up store, its first new store outside of its iconic store on Great Marlborough Street.
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NewsNext raises full-year profit guidance after third-quarter sales increase
Next has raised its full-year revenue and profit guidance after sales increased 4.3% in its third quarter to October 26.
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NewsMarks & Spencer halts clothing market share decline
Marks & Spencer is showing signs of improvement in its crucially important clothing business, Retail Week has learned.
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NewsBlockbuster to be put into administration again
Entertainment retailer Blockbuster is to be put into administration for the second time in a year after a poor rental and retail sales performance.
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NewsStruggling small shops 'subsidising supermarkets' after rates revaluation delay
Former Focus DIY boss Bill Grimsey has slammed the Government’s postponement of the business rates revaluation, claiming it favours supermarkets while hitting smaller retailers hard.
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NewsBreakfast briefing: Retail news on business rates, Boots and HMV
Retail news round-up October 29, 2013: Business rates revaluation postponement hits smaller retailers hardest; Boots establishes Smokers Anonymous clinics at over 500 stores and HMV revamps online presence with new site launch
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NewsNisa half-year sales rise 6.7% to £770m
Nisa has reported a 6.1% rise in sales to £770m for the six months to September 30, helped by a supply deal with McColl’s Retail Group.
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NewsB&M Bargains mulls stock market flotation
Value retailer B&M is mulling a float on the stock market next year as the fast-growing business targets further growth.
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NewsBHS attracts the attention of billionaire Christo Wiese
South African billionaire Christo Wiese is considering a bid for BHS as he looks to enter the UK with the help of former Asda boss Andy Bond.
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NewsAmazon posts third-quarter sales surge after latest Kindle launch
Online giant Amazon has posted a 24% sales surge in its third quarter, when it also made a net loss of $41m (£25.3m).
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NewsMike Ashley reduces Sports Direct stake in £106m share sale
Sports Direct founder Mike Ashley has sold a 2.7% stake in the retailer worth £106m just eight months after pledging not to sell any shares for a year.