Latest finance news – Page 440
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NewsMcKesson strikes $8.3bn deal for Lloydspharmacy owner Celesio
Lloydspharmacy owner Celesio has been acquired by US drug wholesaler McKesson for $8.3bn (£5.12bn) including debt.
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NewsDr Martens bought for £300m by private equity firm Permira
Footwear brand and retailer Dr Martens has been acquired by an investment vehicle backed by private equity firm Permira Funds for £300m.
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NewsAsos boss Nick Robertson gives away £2.8m to staff
Asos founder and chief executive Nick Robertson has awarded staff £2.8m in a special bonus which he is covering personally, Retail Week has learned.
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NewsDebenhams full-year profits fall 2.7% as it remains 'cautious' of recovery
Debenhams revealed a profit fall in its full-year figures as it remains “cautious” for the year ahead.
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NewsTesco eyes global fashion dominance for F&F brand
Tesco has unveiled audacious ambitions to be “the world’s leading retailer for affordable fashion” that will take it toe-to-toe with the largest clothing specialists.
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NewsBRC takes business rates fight up a gear as it hires adviser
The British Retail Consortium (BRC) has appointed Ernst &Young to step up its bid to reform the business rates system.
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NewsBreakfast briefing: Retail news on online grocery sales, Mothercare and Debenhams
Retail news round-up October 24, 2013: Online grocery sales to double in five European markets; Mothercare appoints group director of communications; and Debenhams hires Forward3D
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NewsArgos to unveil 'digital stores' as multichannel grows
Multichannel retailer Argos is poised to unveil a new-model store designed to reflect its shift to digital commerce.
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NewsBoxpark founder takes pop-up business rates plea to Westminster next week
Boxpark founder Roger Wade is set to speak to government next week to encourage it to waive business rates for pop-ups.
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NewsSports Direct profit jump shows 'strength of business model'
Sports Direct group profit jumped 19.4% to £199.8m in the nine weeks to September 29 as sales advanced 15.1% to £463.7m.
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NewsAsos profits up 23% as it invests in supersized European hub
Asos pre-tax profit grew 23% to £54.7m as it plans to step up investment including the financing of a supersized European distribution centre.
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NewsEBay buys speedy fulfilment firm Shutl ahead of one hour delivery UK launch
EBay has bought speedy delivery firm Shutl as it aims to extend its ‘eBay Now’ one hour delivery service including launching in the UK in early 2014.
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NewsBreakfast briefing: Retail news on HMV, Tesco and Kingfisher
Retail news round-up October 22, 2013: Apple removes HMV’s new UK app from its App Store, billionaire Warren Buffett slashes investment in Tesco and Kingfisher boss Ian Cheshire predicts dynamic pricing will soon be used widely across retail.
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NewsElectricals specialist Richer Sounds sales and profits rise
Sales and profits at Richer Sounds rose last year as the electricals specialist continues to improve performance amid a difficult market.
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NewsThe Co-op faces pressure to relinquish control of bank
The Co-operative Group could relinquish its majority share in its banking arm as it faces pressure to stabilise the division.
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NewsHarrods pays owner bumper dividend as full-year profits edge up
Luxury department store Harrods has paid a £69m dividend to its Qatari owner after group full-year profits edged up 1.8% to £92.5m.
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NewsDFS posts record full-year profit and grows market share
Sofas giant DFS has reported record earnings and revenues in its last full year, when it also extended its market share.
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NewsFashion retailer Bonmarché reveals IPO plans
Clothing retailer Bonmarché, which targets women aged over 50, intends to float on AIM.
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NewsDr Martens' owners in advanced talks to sell business to Permira
Dr Martens’ owner has entered talks with private equity firm Permira, as it eyes a sale of the footwear brand and retailer.
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NewsWickes like-for-likes flat in third quarter due to 'challenging' market
Travis Perkins’ consumer arm, which largely comprises Wickes, recorded flat like-for-like sales in its third quarter due to the ‘challenging’ market.