Latest finance news – Page 447
-
NewsInfographic: John Lewis sales nudge up 0.2%
Sales at department store group John Lewis edged up 0.2% in the week to July 6, thanks to last week’s sunny weather and major sporting events such as Wimbledon.
-
NewsAnalysis: M and M Direct boss Jonathon Brown leads growth at etailer
Former John Lewis online boss Jonathon Brown has helped steady the ship and drive sales at M and M Direct.
-
NewsBonmarché eyes IPO just 18 months after administration
Value fashion retailer Bonmarché is reportedly gearing up to float on the stock exchange 18 months after it fell into administration.
-
NewsPrimark sales surge 20% in third quarter driven by new stores and warmer weather
Primark sales surged 20% in its third quarter driven by new stores and “good” like-for-like sales growth due to the improved weather.
-
NewsBurberry like-for-likes rise 13% despite 'soft' footfall
Burberry like-for-like sales jumped 13% in its first quarter due to the “exceptional performance” of its spring fashion range.
-
NewsH Samuel owner Signet UK chief executive Rob Anderson to exit
H Samuel owner Signet’s UK chief executive Rob Anderson is to exit the jeweller and commercial director Sebastian Hobbs will take the reins.
-
NewsBonmarché hits £10m profit in first year out of administration
Value fashion retailer Bonmarché is on the hunt for more stores after posting a pre-tax profit of £10.5m in its first year of trading since being bought in a pre-pack administration deal last year.
-
NewsMarks & Spencer like-for-likes up 0.3% driven by food business
Marks & Spencer has recorded a 0.3% rise in like-for-like sales in its first quarter driven by food, while general merchandise made some progress.
-
NewsBusiness rates top the agenda at BRC summit as online tax is dismissed
Tackling unfair business rates was top of the agenda at the BRC retail summit for finance directors as an online retail tax was dismissed.
-
NewsAppliances Online gears up for stock market float
Online specialist Appliances Online is considering an IPO and is scheduled to hold talks with advisors over the coming weeks.
-
NewsTesco pays Leahy £8.5m since retirement as his legacy comes under fire
Former Tesco chief executive Sir Terry Leahy has taken home almost £8.5m in performance-based payouts since his departure.
-
NewsRetail finance directors to hold business rates summit
Finance directors from some of the UK’s largest retailers are set to hammer out proposals for an overhaul of the business rates system.
-
NewsTM Lewin hires KPMG as adviser to lead £100m sale
Shirtmaker TM Lewin has hired accountancy firm KPMG to lead a sale of the business, which could value it at more than £100m.
-
NewsBeales reports 'credible' first-half performance despite loss
Beales has recorded an operating profit of £145,000 but exceptional costs of £479,000 dragged this figure down to an operating loss of £334,000.
-
NewsDunelm like-for-likes up 1.7% after fall in its final quarter
Dunelm has revealed like-for-likes up 1.7% in its full year but sales fell in the final quarter because of the unseasonable weather.
-
NewsDwell rescued out of administration by founder Aamir Ahmad
Collapsed furniture chain Dwell will remain on the high street after the brand and five stores were bought out of administration by its founder Aamir Ahmad.
-
NewsNicole Farhi plunges into administration
Iconic luxury fashion retailer Nicole Farhi has collapsed into administration, Retail Week can reveal.
-
NewsRetail inquiry: Government urged to act on business rates and skills
Retailers including Tesco, Alliance Boots and John Lewis urged Government to act on business rates and skills at the UK retail sector inquiry today.
-
NewsThorntons full-year profit to beat expectations after sales growth
Chocolatier Thorntons said it expects full-year, pre-tax profits to be ahead of expectations following sales growth and “careful cost management”.
-
NewsN Brown like-for-likes up 8% as womenswear recovers in warmer weather
N Brown said it has built on the strong trade recorded in its full year with like-for-likes climbing 7.8% in the 17 weeks to June 29.