Latest finance news – Page 446
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NewsNext increases profits by £10m after smaller Sale
Next sales jumped 2.3% in its first half as it revised up full-year profit forecasts after adding £10m to its earnings through more full-price sales and lower markdowns.
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NewsCredit Suisse discriminated against top retail analyst Tony Shiret
One of the City’s best known analysts, Tony Shiret, was unfairly dismissed and suffered age discrimination by employer Credit Suisse, a tribunal has ruled.
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NewsBrightHouse like-for-likes up 8.3% as profits rise
Rent-to-own furniture and electricals retailer BrightHouse has reported another strong year with underlying EBITDA up 10.8% to £49.4m in the year to March 31.
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NewsHeat wave helps boost fashion retailers’ fortunes
Fashion sales have sizzled in the heat, providing a boost to under-pressure clothing retailers before autumn ranges hit stores.
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NewsWickes first-half sales hit by weather but profits jump 7.3%
Travis Perkins’ consumer arm, which largely comprises Wickes, experienced a fall in first-half like-for-likes owing to poor spring weather, but profits jumped 7.3% to £29.5m.
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NewsKingfisher sales rebound as warm weather drives demand
Kingfisher group like-for-like sales jumped 2.5% in its second quarter to July 13 as the heatwave drove sales of hosepipes and fans.
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NewsFindel sales increase 3.9% in first quarter
Findel sales edged up 3.9% in the first quarter driven by a revenue jump at mail order business Express Gifts in the 16 weeks to July 23.
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NewsCarphone Warehouse first quarter like-for-likes rise 10.6%
Carphone Warehouse has recorded a 10.6% rise in first quarter like-for-like sales as shoppers shifted to buying high-end smartphones.
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NewsCarpetright boss insists Q1 sales fall was a "blip" driven by heat wave
Carpetright chief executive Darren Shapland has insisted that the flooring giant’s fall in first-quarter sales was a “blip” due to the heat wave.
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NewsCarpetright sales decline as the warm weather deters shoppers
Flooring specialist Carpetright’s UK like-for-likes fell 1.9% in the first quarter as the warm weather kept shoppers away from stores.
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NewsNicole Farhi rescued from administration by Maxine Hargreaves-Adams
Premium fashion brand Nicole Farhi has been rescued out of administration by Maxine Hargreaves-Adams, the owner of Fenn Wright Manson.
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NewsSports Direct reports ‘record’ year as Olympics boosts profits
Sports Direct has reported a “record-breaking” year as sales and profits boomed driven by last year’s sporting events.
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NewsMothercare hit by rivals' promotions as like-for-likes slip
Mothercare’s UK first-quarter like-for-like sales edged down 0.9% as chief executive Simon Calver played down the business benefits of the royal baby.
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NewsModelZone's wholesale business acquired out of administration by rival Ripmax
Collapsed model retailer ModelZone’s wholesale business Amerang has been acquired by rival firm Ripmax.
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NewsBargain Booze owner Conviviality Retail set for £65m float
Bargain Booze owner Conviviality Retail is looking to float on the Alternative Investment Market later this month.
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NewsKate Bostock in shock departure from Asos
Asos executive director of product and trading Kate Bostock has resigned from Asos. Bostock joined the etailer in January this year.
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NewsThorntons fourth-quarter sales rise as turnaround gathers pace
Thorntons has recorded a 5.6% rise in total sales in the fourth quarter as its plan to rebalance the business towards its commercial arm bears fruit.
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NewsJack Wills makes loss as business overhauled ahead of sale
Preppy fashion retailer Jack Wills made a £9.7m loss last year as the business was overhauled ahead of a sale or float.
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NewsModelZone administrator Deloitte to begin closing stores
Toy retailer ModelZone’s stores are to begin closing over the coming weeks after administrators failed to find a buyer for the collapsed retailer.
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NewsInternaçionale bought in prepack administration by owners
Value fashion retailer Internaçionale has been bought in a prepack administration deal by the existing owners.