Latest finance news – Page 624
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Jobs axed at Waterford Wedgwood as rescue talks continue
Almost 400 redundancies have been made at Waterford Wedgwood, the famous crystal and pottery specialist that fell into administration last week.
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Office faces loss of supplier credit insurance despite strong trading
Footwear chain Office may become the latest retailer to have supplier credit insurance pulled following the collapse of its stablemate USC.
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Mosaic issues profit warning
Fashion group Mosaic has revealed total sales fell 1.2 per cent over the 23 weeks to January 3 and said that it expects full-year profits to be below last year.
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Dunelm still confident despite turmoil in homewares sector
Homewares retailer Dunelm posted a 5.6 per cent drop in like-for-like sales for the 26 weeks to December 27 but insisted it is in “very robust shape” to weather the downturn.
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Debenhams upbeat as it defies market woes
Department store group Debenhams will continue to reduce SKUs and maintain tight stock control after defying forecasts to report better than expected Christmas trading.
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City's frosty outlook thaws as retailers keep the blues at bay
Retail stocks headed so far south last year they neared the stock market's equivalent of the Antarctic. As the January reporting season kicked in it brought news of like-for-like sales declines but in many cases met admittedly low expectations and there were hopes of a thaw in attitudes to the ...
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Signet suffers poor Christmas
US jeweller Signet has said it expects profits to be within market forecasts despite revealing that like-for-like sales slumped over the Christmas period.
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Sofa Workshop on brink of administration
Sofa Workshop is teetering on the brink of administration as it faces financial difficulties in the tough economic climate.
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Interest rate cut to record low of 1.5%
Interest rates have been slashed to a historic low of 1.5 per cent.
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Findel pulls off 'satisfactory' Christmas
Home shopping group Findel has revealed a 4 per cent fall in group sales for the 39 weeks to January 2 – a performance it labelled “satisfactory in the current market”.
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Peacocks posts steady Christmas results
Fast fashion retailer Peacocks has reported a solid Christmas and secured a 20 mililon equity injection from its backers to fund expansion in 2009.
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Majestic Wine sales fall over Christmas
Specialist retailer Majestic Wine suffered a Christmas like-for-like decline as credit crunched business customers cut back on expenses.
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House of Fraser reports resilient Christmas
House of Fraser has reported that like-for-like sales fell 1.5 per cent over the Christmas period and has reassured on its financial position after paying back its bank loans ahead of schedule.
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Ted Baker promotions take their toll
Fashion retailer Ted Baker has warned that profits will come in at the low end of expectations as a result of promotions over Christmas.
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Viyella collapses into administration
Iconic womenswear retailer Viyella has collapsed into administration leaving the future of its 645 staff hanging in the balance if a buyer is not found.
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Thorntons reports dip in like-for-likes
Thorntons has reported a dip in like-for-like sales of 6.6 per cent for the 12 weeks to December 27.
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Alexon profit forecasts ahead of management expectations
Fashion group Alexon has said that it expects full-year operating profit to exceed management expectations after a robust performance in December.
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New Look reports sparkling Christmas
New Look has bucked the retail gloom to reveal a robust performance over the festive period.
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Passion for Perfume collapses into administration
Update: Perfume retailer Passion for Perfume has been placed into administration.