Latest finance news – Page 517
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NewsIceland profits soar 15% as buyers circle business
Frozen food giant Iceland has scored another record year with pre-tax profits soaring 14.8% to £155.5m, Retail Week can reveal.
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NewsCity sceptical about HMV’s restructuring
Questions remain over HMV’s long-term prospects despite its £220m lifeline
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NewsBuyout lifts Kurt Geiger’s chances of successful American expansion
The £215m sale of Kurt Geiger to Jones Group is set to give the footwear retailer a step up in the US, while giving Jones greater access to the UK and European markets.
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NewsHaldanes blames Co-op for forcing it to file for administration order
Convenience store group Haldanes has filed for an administration order, with the owners blaming the Co-op for its woes.
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NewsJD Sports like-for-likes dip in line with expectations
JD Sports Fashion has suffered continued declining like-for-like sales but said trading is in line with expectations.
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NewsSales slump at Argos, but Homebase holds up
Argos has suffered a big drop in first quarter sales, but sister DIY chain Homebase managed a resilient performance.
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NewsHalfords profits up 7.2% but retail sales remain tough
Halfords has reported underlying pre-tax profit up 7.2% to £125.6m in its full year figures despite the tough trading environment.
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NewsSainsbury's boss King takes £5m hit to pay packet
Sainsbury’s chief executive Justin King took a £5m hit to his pay packet last year as the supermarket failed to hit some performance targets and he cashed in fewer options.
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NewsLife & Style on brink of administration
Life & Style, the fashion and homewares business born out of the administration of womenswear chain Ethel Austin, is on the brink of collapse after just over a year in existence.
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NewsFindel profits drop as its turnaround begins
Home shopping group Findel’s pre-tax profit before exceptional items dropped from £11.7m to £7m and its three year turnaround begins.
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NewsTony Shiret made redundant by Credit Suisse
Tony Shiret, the highly regarded analyst and vocal critic of Marks & Spencer under the leadership of Sir Stuart Rose, has left Credit Suisse after 18 years with the bank.
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NewsHMV secures refinancing lifeline
HMV has been given a lifeline by its banks as it has secured a new two-year refinancing plan worth £220m.
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NewsHMV close to securing £210m refinancing deal
Embattled entertainment retailer HMV is thought to be close to securing a refinancing deal to ensure its future.
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NewsTesco brings Turkey COO home to lead superstores
Tesco has brought its chief operating officer in Turkey back to the UK as part of group chief executive Phil Clarke’s plans to bolster the lacklustre UK division.
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NewsSuperGroup’s ascent 'can continue'
Fashion specialist SuperGroup’s proposed move into flagship Regent Street premises, revealed by Retail Week last week, divided opinion.
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NewsTopps Tiles aims to outperform with brand focus
Topps Tiles will focus on brand building through more marketing as it seeks to outperform the market in its second half.
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NewsBurberry plots store refits and international flagship openings
Luxury retailer and brand Burberry is to plough £80m into store refurbishments this year and focus on high-profile flagship openings after reporting a surge in profits.
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NewsBattle for summer sales to kick off a week early
Hard-pressed retailers’ sales and margins will come under increased pressure as department store chains Debenhams and House of Fraser prepare to launch their summer Sales a week earlier than last year.
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NewsRetail heavyweight Templeman to chair BRC
Debenhams chief executive Rob Templeman, one of retail’s most highly regarded bosses, is to become chairman of industry body the British Retail Consortium.
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NewsChain Reaction Cycles mulls new investment
Bikes and accessories etailer Chain Reaction Cycles is considering seeking more investment to pedal future growth.