Latest finance news – Page 541
-
NewsJohn Lewis weekly sales surge as cold weather sets in
John Lewis said total sales surged 12% to £88m in the week to Saturday, after a strong performance from cold weather clothing.
-
NewsTesco sales "strong" in Asia as analyst trip kicks off
Tesco said its performance in its Asian business continues to be “strong” as it kicked off an analyst event in the region yesterday.
-
NewsMajestic grabs share for first time in decade
Majestic Wine has grown market share for the first time in 10 years after reducing its minimum order requirement and one of its key competitors exiting the market.
-
NewsMixed updates but retailers outperform
A mixed bag of updates resulted in general retailers outperforming the All Share index, although they were still down week on week, while food groups managed to stay in positive territory.
-
NewsFrench Connection ticks along nicely
Fashion group French Connection reported that overall business was in line with expectations although retail sales were “slightly lower” than anticipated.
-
NewsJD Sports on the rise but cautious for Christmas
Fashion group JD Sports reported that like-for-likes have risen since the end of August but expressed caution about Christmas trading.
-
NewsJJB issues profit warning as sales fall short
Sports group JJB has issued a profit warning after like-for-like sales failed to meet expectations.
-
NewsOverseas growth beckons as Burberry pre-tax profits soar
Pre-tax profits at luxury retailer Burberry rocketed nearly 50% to £129m in the first half when it introduced a new pricing strategy and fine-tuned its stock replenishment system.
-
NewsSchuh secures cash for buyout and expansion
Footwear retailer Schuh has secured a refinancing package from Lloyds Banking Group to buy out shares from two retiring shareholders and fund expansion plans.
-
NewsArcadia boss Green warns on rising costs of doing business
Rates, raw materials and wages worry Sir Philip Green despite jump in the fashion group’s profits
-
News
Retail sales edge up in October, says ONS
Retail sales edged up modestly in October, according to the Office of National Statistics.
-
NewsFocus in talks with retailers about store disposals
The private-equity owner of Focus is understood to be sounding out other retailers about selling off some of the DIY chain’s stores to fund investment in new store formats.
-
NewsTJX Europe to slow expansion as third quarter profits fall 20%
TJX Europe, the European parent company of off-price retailer TK Maxx, is planning to slow its European expansion to get the business “back on track” after posting a 20% drop in profits to $39m (£24.5m) for the third quarter to October 30.
-
NewsLloyds Development Capital joins pack chasing Blacks
Lloyds Development Capital has held talks with Blacks Leisure over a potential acquisition, according to reports.
-
NewsSales rise at Ted Baker
Quirky fashion specialist Ted Baker notched up retail sales growth of 8.6% in the 13 weeks to November 13, when group sales jumped 20.7%.
-
NewsMothercare interim profits rise but UK underperforms
Maternity specialist Mothercare has reported a rise in first-half profits but its core UK business underperformed international operations.
-
NewsBlue Inc plots expansion ahead of possible flotation
Menswear retailer Blue Inc has laid down plans to open 20 stores next year ahead of a possible flotation or share placing.
-
NewsJD Sports sales edge up
JD Sports Fashion said sales have marginally increased and profit margins have been maintained since its last update in September.
-
NewsFrench Connection like-for-like sales drop 6.1%
French Connection said UK and European like-for-like retail sales dropped 6.1% in the 15 weeks to November 13, with womenswear struggling during the period.
-
NewsBurberry pre-tax profits rocket 50%
Pre-tax profits at Burberry rocketed nearly 50% to £129m in the six months to September 30, as the luxury giant fine-tuned its stock replenishment system.