Latest finance news – Page 564
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NewsTrade credit insurer demands more transparency
Credit insurer Coface is demanding more transparency from businesses in return for trade credit insurance.
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NewsOFT to probe Sports Direct stake in Blacks
The Office of Fair Trading is investigating Sports Direct’s stake in Blacks Leisure which it won ownership of in a High Court claim last week.
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NewsH&M like-for-likes decline 6% in April
H&M’s group like-for-like sales fell 6% in April compared with the same month last year.
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NewsWickes like-for-likes dip as consumers remain ‘wary’
Wickes owner Travis Perkins reported a 1.7% like-for-like decline in its retail business in the 17 weeks to May 1 as “wary consumers hold on to their money”.
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NewsAlliance Boots profit tops £1bn
Health and beauty giant Alliance Boots has reported profit has topped £1bn for the full year to March 31.
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NewsSports Direct wins High Court battle over shares
Sports Direct has won a High Court claim over disputed shares in its rivals.
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NewsConsumer confidence up despite economic concerns
Consumer confidence has risen to its highest level since November 2007 but many consumers are still concerned about the economy, bills and debt.
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NewsJón Ásgeir Jóhannesson resigns from House of Fraser board
Former Baugur boss Jón Ásgeir Jóhannesson has resigned from the board of department store group house of Fraser after a $2bn fraud lawsuit was filed against him in the US.
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NewsInconclusive election was ‘almost as bad as Lehman Brothers’
Store groups’ sales collapse after inconclusive election spooks shoppers
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NewsAurora hires ex-Asos man as online chief
Aurora Fashions has appointed former Asos marketing chief Hash Ladha to the newly created role of group multichannel director.
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NewsMcCarthy group injects £2m into skincare business
A consortium of private investors led by House of Fraser chairman Don McCarthy has injected £2m into beauty clinic chain DestinationSkin to fund expansion.
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NewsStrong growth at newly floated SuperGroup
Fashion specialist SuperGroup has confirmed that full-year profitability is on track to come in as it promised when it floated in March.
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NewsMorrisons presses on with promotions as sales slow
Morrisons is to continue its promotional drive this year after revealing a steep slowdown in sales growth in its first quarter.
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NewsRetail drifts as City ponders the big issues
Stores, particularly food retailers, underperformed a market convulsed by uncertainty as big issues such as the future of the euro and the outcome of the general election dominated headlines.
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NewsWaitrose still UK’s fastest growing supermarket
Waitrose has reported like-for-like sales up 3.4% in the quarter to the end of April, maintaining its position as the fastest-growing supermarket in the UK.
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NewsAustralian chain Coles poaches UK retailers
Australian grocer Coles has hired another clutch of UK retailers, reporting to retail and operations director Stuart Machin.
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NewsNew owner looks to exit Lombok after 10 months
Furniture chain Lombok’s owner, private equity firm Privet Capital, is seeking to exit the business less than 10 months after it bought it.
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NewsNew Asda boss Andy Clarke faces ambitious targets
Asda’s incoming chief executive Andy Clarke faces an “uphill battle” to achieve the retailer’s ambitious targets in food and non-food, according to City analysts.
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NewsMohamed Al Fayed: 25 crazy years in retail
Always controversial, always eccentric and not a man to be crossed, UK retail will be a less colourful industry following Mohamed Al Fayed’s £1.5bn sale of Harrods this week.
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NewsRefreshing French Connection
While market debutant SuperGroup has reported a surge in sales and likely profits, another fashion retailer in a similar mould is engaged in a battle to restore profitability.