Latest finance news – Page 488
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NewsThorntons pins hopes on British-branded Jubilee range
Embattled chocolatier Thorntons is putting its hopes on the Jubilee to avoid its traditional summer slump.
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NewsKing: Sainsbury's has the edge in the grocery market
Sainsbury’s boss insists the retailer is leading the way on quality and service.
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NewsBetter Capital says changes will rejuvenate Jaeger
Premium fashion retailer Jaeger’s new owner Better Capital is focusing on tackling logistics issues to put more stock into stores as it seeks to conclude a business review of the retailer by the end of the summer.
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NewsClinton Cards folds into administration, 8,000 jobs at risk
Struggling greetings card retailer Clinton Cards has collapsed into administration, putting around 8,000 jobs at risk as store closures look imminent.
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NewsNew Look close to deal on debt terms
Fashion retailer New Look is poised to take another step forward in its refinancing, it is understood.
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NewsClinton Cards to collapse into administration
Clinton Cards has suspended its shares on the Stock Exchange and is on the point of collapse after its largest supplier American Greetings acquired the retailer’s debt from its banks last night.
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NewsCarphone Warehouse like-for-likes fall 5.5% in fourth quarter
Carphone Warehouse Europe like-for-likes dropped 5.5% in the 13 weeks to March 31.
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NewsSainsbury's profits rise as it takes record market share
Sainsbury’s has claimed its biggest grocery market share in nearly 10 years and posted a rise in full-year profits.
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NewsShoon rescued out of administration by GA Europe
Shoon has been acquired out of administration as part of a management buyout supported by restructuring specialist GA Europe.
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NewsReturn to profitability in sight at HMV following Game demise
HMV expects to return to profitability next year in the wake of Game’s demise.
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NewsWolfson: Recession won't knock consumer confidence
Next boss believes GDP figures will be adjusted to show growth and Jubilee will deliver sales boost.
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NewsVision Express focus on product and value to lift profits
Vision Express has delivered a 20% increase in pre-tax profits, generating £18.5m in 2011 as it drove sales volume and highlighted value across the year.
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NewsNext boss Wolfson sells £3.8m shares to help fund wedding and new house
Next chief executive Lord Wolfson has sold £3.8m of shares to help pay for his wedding and new home.
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NewsStrong Easter helps Thorntons like-for-like improvement
Struggling chocolatier Thorntons has revealed total sales fell 2.7% to £62.4m in the 16 weeks to April 28.
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NewsMorrisons posts like-for-like sales fall
Supermarket group Morrisons has blamed pressures on the consumer for a fall in like-for-likes during the first quarter.
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NewsNext sales nudge up in first quarter
Next brand sales edged up 1.4% in its first quarter despite its declining retail performance.
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NewsHome Retail profits slump as Argos struggles
Home Retail Group pre-tax profits slumped by 60% as Argos battled a weak electricals market.
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NewsBlacks boss Julia Reynolds set to stand down
Blacks chief executive Julia Reynolds is set to stand down from the outdoors retailer that was acquired by JD Sports Fashion in January.
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NewsFigleaves to post first ever profit
Lingerie etailer Figleaves is expected to post its first profit when it reports its full-year results tomorrow.
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NewsStruggling Clinton Cards delays publication of strategic review
The unveiling of Clinton Cards’ strategic review, expected today, has been delayed.