Latest finance news – Page 579
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NewsH&M reports strong Christmas trading
Swedish fashion giant H&M has reported sales in over the Christmas period of December were up 15% in local currencies.
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NewsDemand for traditional products lifts Dobbies Christmas sales
Garden centre group Dobbies has posted a Christmas sales rise after consumers snapped up traditional seasonal products.
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NewsRaids made in UK and Iceland as investigations into Exista step up
The Serious Fraud Office and Iceland’s special prosecutor’s office have taken the investigation into the dealings of Icelandic investment vehicle Exista one step further with raids on four UK locations including Exista’s Paddington offices.
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NewsPets at Home sold to KKR for £955m
Pets at Home has been sold to private equity house Kohlberg Kravis Roberts (KKR) for £955m, including the debt.
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NewsWHSmith delivers performance in line with expectations
WHSmith group sales declined 2% with like-for-likes dropping 4% in the 21 weeks to January 23.
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NewsNew Look’s Phil Wrigley to join Majestic Wine
Former New Look chairman Phil Wrigley is set to become chairman of Majestic Wine when its current chairman Simon Burke retires later this year.
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NewsBeales cuts losses after Christmas sales rise
Independent department store chain Beales said like-for-like sales rose 2.8% at Christmas and that full-year pre-tax losses reduced by more than a third.
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NewsGarden Centre Group Christmas profits climb 17%
Garden Centre Group, the 121-store business formerly known as Wyevale, has reported a “terrific” Christmas.
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NewsNew Look board meeting to consider IPO
Fashion group New Look’s board will consider this week whether to go ahead with a Stock Exchange listing.
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NewsAdams falls into administration
Childrenswear retailer Adams has fallen into administration for the third time in three years.
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NewsJohn Lewis boosted by ‘pent-up demand’ as snow thaws
John Lewis said it is finishing its financial year with a “flourish” as the department store chain notched up an 11.1% increase in turnover to £53.58m in the week to January 16.
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NewsAurum's sales sparkle
Jewellery retail group Aurum beat internal expectations over Christmas with like-for-like sales increasing 3.1% in the nine weeks to January 3.
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NewsThe White Company mulls shop roll-out
Upmarket clothing and homewares chain The White Company is mulling the roll-out of further shops for children’s brand Little White after strong Christmas sales.
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NewsFormer Ernst & Young retail chief Gavin George joins Great American
Retail restructuring, stock disposal and financing specialist Great American has appointed former Ernst & Young head of retail Gavin George as managing director of its UK division in expectation that such services will remain in demand.
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NewsPerfume Shop to replicate Bluewater refit success
The Perfume Shop is to roll out elements of its refitted shop in Bluewater to its portfolio after revealing UK and Ireland like-for-like sales jumped 8.5% for the five weeks to January 2.
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NewsN Brown eyes Scala Collections’ home shopping womenswear brands to lift offer
Home shopping group N Brown Group is understood to be running a slide rule over Isle of Wight-based home shopping business Scala Collections as it looks to grow its offer.
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NewsConsumer fears overshadow ‘super Thursday’ updates
Retail shares slid following last week’s ‘super Thursday’ round of updates and brokers have warned store stocks might now stall.
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NewsDSGi ready for Best Buy after stellar Christmas
Electricals group DSGi is preparing for its spring showdown with Best Buy bolstered by an “excellent” Christmas performance.
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NewsStrong retail sales bolster Burberry’s third quarter
Luxury fashion retailer Burberry put in a strong third-quarter retail performance, helping boost total sales to £380m for the period - up 12% on an underlying basis.
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NewsOverlooked grocers back on City radar
Investor appetite this week for food retailers was keen but general retailers were shunned, despite almost without exception beating Christmas expectations.