Latest finance news – Page 455
-
NewsRetail park vacancy rate rises rapidly following administrations
Empty space on retail parks increased by its fastest rate for four years last year due to casualties in the retail sector, according to new research.
-
NewsPrivate equity firms eye stake in fashion retailer Joules
A number of private equity firms are eyeing purchasing a stake in fashion retailer Joules, which is poised to report an increase in profits.
-
NewsBolland: 'Trust in M&S brand boosted food sales'
Marks & Spencer’s strong fourth-quarter food performance was not a side-effect of the horse meat row that hit other retailers, chief executive Marc Bolland has maintained.
-
NewsWHSmith: What the analysts say
WHSmith this morning reported a 5% uplift in pre-tax profit to £69m in the six months to February 28, despite a 5% slump in group like-for-like. Retail Week takes a look at the City reaction
-
NewsMothercare reports flat like-for-likes in its fourth quarter
Maternity specialist Mothercare UK like-for-likes were flat in its fourth quarter, a year into the retailer’s three-year turnaround plan.
-
NewsWHSmith profits up 5% despite sales fall in first half
WHSmith has reported a 5% uplift in group pre-tax profit to £69m in the six months to February 28.
-
NewsMarks & Spencer delivers strongest quarterly growth in two years
Marks and Spencer has delivered it strongest quarterly update for two years after a strong performance in food offset continued weakness in clothing.
-
NewsTesco etail sales surge as it vies for online dominance
Tesco’s online grocery sales are expected to have hit £2.5bn in its last financial year as the retailer pushes forward in its quest to become a global dotcom business.
-
NewsDunelm reports Q3 like-for-likes up 5.2% following strong winter Sale
Dunelm has reported like-for-like sales up 5.2% in its third quarter as it benefitted from a later end to its winter Sale and an earlier Easter than the year before.
-
NewsBiggest retail administrations leave unsecured debts of £1bn
Taxpayers, suppliers and landlords are likely to have lost £1.03bn due to the collapse of big-name retailers since the start of last year.
-
NewsPets at Home acquires veterinary business Vets4Pets
Pets at Home has acquired veterinary business Vets4Pets as it aims to extend its veterinary arm to more than 500 in-store and standalone practices.
-
NewsOcado bosses to receive pay boost through bonus scheme
Ocado chief executive Tim Steiner is to receive an annual bonus of shares worth up to £1.8m under a new scheme revealed late last week.
-
NewsFindel full year results "in line with expectations" as turnaround gains pace
Home shopping group Findel is to report full year results “in line with market expectations” as it turnaround gains pace
-
NewsMarks & Spencer to reveal a further clothing slump
Marks & Spencer is expected to reveal a dip in clothing sales for the seventh quarter in a row when it updates the market on Thursday.
-
NewsSir Terry Leahy-backed tyre etailer’s eyes European deal as sales soar
Online tyre retailer Blackcircles.com, which is backed by former Tesco chief executive Sir Terry Leahy and operates Tesco Tyres, is in talks to buy or partner with rival European firms as it looks to expand its relationshp with the grocer.
-
NewsTesco faces £1bn bill to quit loss-making US arm Fresh & Easy
Tesco is facing a bill of around £1bn to exit the US after chief executive Philip Clarke decided to call time on its Fresh & Easy business.
-
NewsMonsoon Accessorize in the red after ‘most difficult year ever’
Monsoon Accessorize plunged into the red last year after suffering what founder Peter Simon described as the “most difficult” period in its 40-year history.
-
NewsHalfords group commercial director Paul McClenaghan exits
Halfords group commercial director Paul McClenaghan has left the business after eight years, as the car part and cycle specialist seeks a replacement.
-
NewsRetail insolvencies increase in first quarter of 2013
Retail was one of the hardest hit sectors in the first quarter of 2013 with the number of insolvencies rising 1.75% to 407 despite a 10.2% drop across the UK.
-
NewsChocolatiers and convenience stores win over Easter period
Food retailers enjoyed a strong Easter as shoppers flocked to chocolatiers and convenience grocery stores.