Latest finance news – Page 441
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NewsMothercare UK like-for-likes down 1.9% in second quarter
Mothercare’s UK second quarter like-for-likes fell 1.9% as market competition across the home and travel categories impacted margins.
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NewsRetailers to face extra £242m in rates next year as RPI hits 3.2%
Retailers will face an extra £242m in business rates next year as the ONS revealed September’s RPI rate of inflation hit 3.2%.
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NewsBurberry chief executive Angela Ahrendts departs to join Apple
Burberry chief executive Angela Ahrendts, credited with transforming the luxury retailer, is to exit after eight years to join Apple.
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NewsJaeger outlines five-year strategy to revamp brand and draw on heritage
Jaeger has unveiled plans to rebuild its UK business before expanding internationally as part of a five-year strategy that includes returning it to the black by next year.
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NewsPaperchase sales and profits up as it eyes expansion
Paperchase’s pre-tax profit jumped 5% in the year to January 28, as it opened 13 new stores and grew its international business.
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NewsWHSmith boss Steve Clarke: "Our numbers speak for themselves"
New WHSmith chief executive Steve Clarke has challenged critics of the retailer’s strategy arguing that the numbers speak for themselves.
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NewsDixons pays €25m to merge Italian arm
Dixons has agreed to merge its loss-making Italian business with a local player as it looks to scale back its international arm.
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NewsWHSmith reveals full-year profit ahead of expectations
WHSmith has revealed full-year pre-tax profit ahead of expectations, increasing 6% to £108m in the year to August 31.
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NewsUK town centres "absolutely" a Government priority, insists new high street minister
The new minister for the high street Brandon Lewis has insisted that UK high streets are “absolutely a priority” for the Government.
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NewsThorntons sales jump 2.1% despite decline in retail division
Thorntons sales increased 2.1% to £47m in its first quarter despite a 5.7% sales drop across the chocolatier’s retail division.
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NewsFears Government shunning high street as junior minister appointed
Junior minister Brandon Lewis has been given responsibility for the high street after Mark Prisk’s sacking, prompting fears the Government is not taking town centre regeneration seriously.
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NewsCarpetright founder Lord Harris: 'My priority is to stabilise business and drive profits'
Carpetright founder Lord Harris has said his first priorities are to stabilise the business and drive profits after revealing this morning (Friday) that he had returned to the helm.
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NewsCarpetright founder Lord Harris takes helm as chief executive exits
Carpetright founder Lord Harris has taken over as executive chairman of the floorings specialist as chief executive Darren Shapland stands down after Carpetright issued a profit warning.
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NewsBreakfast briefing: Retail news on Carpetright, The Garden Centre Group, Amazon
Retail news round-up October 4, 2013: Carpetright founder Lord Harris returns to the helm as chief executive Darren Shapland exits, The Garden Centre Group appoints new trading director and Amazon removes foie gras from UK website.
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NewsTed Baker boss Ray Kelvin outlines ambitious expansion plans for China
Ted Baker chief executive Ray Kelvin has outlined ambitious expansion plans for Asia and China in particular.
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NewsSports Direct chief executive Dave Forsey sells £6.46m of shares
Sports Direct chief executive Dave Forsey and finance director director Bob Mellors sold £6.46m worth of shares in the company yesterday.
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NewsTed Baker first-half profits jump as retail sales surge
Ted Baker pre-tax profit increased from £7.8m to £11.6m in its first half as retail sales rose 30.2%.
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NewsDFS float speculation dismissed
Speculation over DFS’s potential float next year has been dismissed by sources familiar with the situation.
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NewsAlbemarle & Bond emergency fundraising plan fails
Pawnbroker Albemarle & Bond has a month to save itself from collapse after talks to raise £35m in emergency funding broke down.
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NewsDunelm like-for-likes fall 5.3% as heatwave hits footfall
Dunelm like-for-likes dropped 5.3% in its first quarter following a “marked reduction” in footfall during the heatwave.