Latest finance news – Page 451
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NewsSignet reports sales fall at H Samuel as it closes stores
Sales at jeweller H Samuel fell 10.5% in the first quarter to $71.7m after the retailer slimmed down its store estate.
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NewsHalfords unveils £100m investment plan after profits slump
Cycle and car parts specialist Halfords has posted a 24.5% slump in pre-tax profits to £71m as chief executive Matt Davies unveils his £100m investment plan.
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NewsMothercare full-year like-for-likes fall 3.6% as UK losses narrow
Mothercare has reported narrowing losses in its UK business despite a 3.6% fall in full-year like-for-like sales in its domestic market.
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NewsThink tank calls on the Government to freeze business rates for two years
Think tank, the Policy Exchange, has called on the Government to implement a two-year freeze on business rates to ease the pressure on ailing high streets.
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NewsUK has the highest business rates bill across EU, says report
The Government has been urged to revamp the business rates system after the UK was named the country with the highest business rates bill across the EU.
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NewsHouse of Fraser full year EBITDA jumps as online sales soar
House of Fraser like-for-likes increased 3.3% over the year as adjusted EBITDA increased 4.3% to £61.1m.
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NewsBusiness rates have turned high streets into cash cows for Government, says MP
Simon Danczuk, MP for Rochdale, has slammed the Government’s business rates policy and accused it of using the high street “as a cash cow to milk to exhaustion”.
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NewsBolland: 'Online has replaced Marble Arch as our flagship store'
Marks & Spencer’s famous Marble Arch branch has passed the baton as flagship store to the retailer’s online shop, chief executive Marc Bolland said.
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NewsBurberry posts a 14% rise in profits as Chinese sales surge
Luxury fashion retailer Burberry has reported a 14% rise in adjusted full-year pre-tax profits to £428m after a strong performance in Asia.
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NewsMarks & Spencer profits fall despite 1.3% increase in sales
Marks & Spencer has posted a fall in underlying pre-tax profit to £665.2m despite a 1.3% rise in group sales to £10bn as it looks to turn around its general merchandise arm.
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NewsMultichannel retail model gives Dixons confidence after strong year
Dixons chief executive Seb James is confident the electricals giant’s multichannel business model will be a foundation of continued success after a strong year.
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NewsLuxury giant eyes stake in Joules as private equity players circle
L Capital, the private-equity arm of luxury giant LVMH, is among suitors plotting to make a major investment in fashion retailer Joules.
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NewsGovernment to debate out-of-date business rates system next week
Simon Danczuk, MP for Rochdale, will urge the Government to reform the business rates system in a commons debate on Tuesday, saying “business rates are past their sell-by-date”.
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NewsAnn Summers - company profile
The retailer is launching wholesale collections following the popularity of Fifty Shades of Grey.
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NewsMaplin profits dip by 33.6% as it eyes international growth
Maplin’s profits took a hit in the first year of its investment plan for growth as the retailer marks out countries for overseas expansion.
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NewsMorrisons and Alliance Boots submit calls for rates reform to Select Committee
Morrisons and Alliance Boots have made fresh calls to the Government to reform business rates, which they say are restricting investment and growth.
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NewsAsda boss insists low prices will drive loyalty as like-for-likes rise 1.3%
Asda has ploughed money into its digital operations while throwing its weight behind a sustained low-price strategy amid a grocery market awash with promotions.
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NewsCold weather hits Wickes as like-for-likes slump 6.1%
Travis Perkins’ consumer arm, which largely comprises Wickes, experienced a 6.1% decline in like-for-like sales for the four months to April 30.
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NewsDixons in 'best shape' as it gains market share from collapsed Comet
Dixons Retail is in the “best position it has been in for many years” following market share gains after the collapse of rival electricals retailer Comet last year.
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News
CP All reports first-quarter revenue increase
CP All has reported first-quarter revenue of Bt52.9bn (£1.16bn), up 18.4% as a result of 7-Eleven store expansion in Thailand, growth in average same-store sales and an increase in other operating income.During the quarter 219 new 7-Eleven convenience stores were opened, passing the milestone of 7,000 stores in Thailand at ...