Latest finance news – Page 56
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NewsUK consumer confidence stalls in March
Consumer confidence remained flat in March after a two-point decrease in February but views on personal finance improved despite the ongoing challenges faced by consumers.
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NewsMajestic in advanced talks to buy Vagabond Wines
Majestic Wine is in advanced talks to buy London-based wine chain Vagabond, which has filed a notice of its intention to appoint administrators.
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NewsNext beats expectations to post record profits as sales soar
Next has reported record profits ahead of expectations as sales soared in the full year ending January 31, 2024.
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NewsTemu owner's revenues and profits surge in ‘pivotal’ year
Temu owner PDD Holdings has recorded a massive surge in full-year and fourth-quarter profits and revenue.
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NewsTycoon Ashley becomes Hornby consultant following Frasers investment
Frasers tycoon Mike Ashley is to become a consultant to Hornby following the retailer’s stakebuilding in the model railways specialist.
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NewsInflation rate falls to lowest level in more than two years
The rate of inflation has declined to its lowest point in more than two years, the latest official data has revealed.
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NewsThe Works to delist from main market in switch to AIM
The Works intends to move its shares off the London Stock Exchange’s main market and list on AIM, six years since its IPO.
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NewsTed Baker heads into administration putting hundreds of jobs at risk
Fashion retailer Ted Baker is poised to collapse into administration, putting 86 stores and hundreds of jobs at risk.
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NewsMatches suppliers left up in the air after collapse into administration
Matches suppliers have reportedly been left in the lurch after the retailer collapsed into administration earlier this month.
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NewsWickes hails ‘robust’ year and new Solar Fast acquisition
Wickes has hailed a “robust” full-year performance, with profit before tax landing ahead of expectations. It also announced the acquisition of a majority stake in Solar Fast.
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NewsDFS issues profit warning as ‘weaker market demand’ takes toll
Sofa giant DFS has lowered its revenue and profit guidance for the full year as “weaker market demand” takes its toll.
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NewsCurrys ups profit guidance after potential bidders walk away
Currys has upped its full-year profit guidance after it confirmed reports that both JD.com and Elliott Advisors had walked away from making potential bids to buy the retailer.
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NewsBensons for Beds back in profit despite ‘challenging period’
Bensons for Beds has returned to an EBITDA profit, despite what it calls a continued challenging market and supressed consumer sentiment.
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NewsFreemans launches first credit offer in 13 years
Freemans has announced the launch of a new credit offer, its first in 13 years, in a bid to continue offering value and flexibility to shoppers.
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NewsJD.com walks away from Currys takeover bid
Chinese ecommerce retailer JD.com has abandoned its plans to put in a formal bid to takeover Currys.
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NewsJohn Lewis scraps bonus again despite return to profit
John Lewis Partnership has returned to profit following a period of losses as it enters a year of “significant investment” to refresh its plan.
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NewsDeliveroo posts narrowing losses in ‘resilient year’
Deliveroo has reported narrowing losses and an increase in revenue in what the group described as a “resilient year of growth” amid tough macroeconomic conditions.
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NewsMusic Magpie 'confident' despite decline in profit and revenue
Music Magpie has reported a decline in overall revenue and profit for the year ending November 30, 2023.
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NewsZalando adopts new strategy designed to power growth
International fashion pureplay Zalando expects to return to growth as it follows a new strategy.
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NewsZara owner Inditex posts surge in sales and profits
Fashion giant Inditex, owner of fascias including Zara and Bershka, has reported an increase in annual earnings and revenue, which it said was driven by “strong execution”.