Latest finance news – Page 630
-
NewsWoolworths circled by potential buyers
Potential buyers have come flooding in for both Woolworths’ stores and for the business as a whole.
-
News
Consumer confidence still poor in November
Customer confidence has improved slightly but still remains low, the latest GfK NOP Christmas survey data shows.
-
News
Gordon Brown promises help for Woolworths staff
Prime Minister Gordon Brown has vowed to provide support for Woolworths staff threatened with redundancy.
-
News
Green will not bid for Moss Bros
Sir Philip Green’s Warbeck Holding Company has said it will not make an offer for Moss Bros.
-
News
Mothercare: The City view
Mothercare bucked the retail gloom with a strong set of interim figures.
-
News
General retail stocks cling on as more turmoil rocks the sector
General retail stocks bounced back this week despite a tumultuous week for the sector.
-
News
Clinton Cards pins hopes on Christmas after sales tumble
Greetings card group Clinton Cards is relying on the crucial Christmas season for some relief after suffering dire trading.
-
News
Topps Tiles soldiers on despite profits plunge
Specialist retailer Topps Tiles remains confident of gaining market share as trading conditions worsen, despite revealing a 27 per cent decline in full-year pre-tax profits to 27.7 million.
-
News
Woollen Mill to convert bought Rosebys stores
The Rosebys brand name is to be abandoned by Edinburgh Woollen Mill, which this month bought 77 of the outlets out of administration.
-
News
Focus value range brings home £1m in first month
DIY retailer Focus has generated sales of more than 1 million from its new value range Payless since launching it four weeks ago.
-
News
Richer Sounds profits suffer as margins slip
Specialist electricals retailer Richer Sounds posted a 38.8 per cent fall in pre-tax profits to 3.7 million for the year to April 26.
-
News
Retailers to go VAT-free in twist on discounting frenzy
Retailers are staging VAT-free promotions to kick-start trade in the key Christmas period.
-
News
Second MFI administration is latest blow for home sector
Big-ticket home retailers believe MFI’s collapse into administration could deal another huge blow to the beleaguered sector in the run-up to the crucial January Sales period by further denting already fragile cons-umer confidence.
-
News
VAT nightmare as retailers struggle with cut
Retailers have reacted angrily to the VAT cut announced by Chancellor Alistair Darling on Monday, saying it will make little difference to sales and cause huge disruption at the most important time of year.
-
News
Findel profits up
Home shopping group Findel has reported a total pre-tax profit of 5.7 million in the six months to September 30, up from 2.5 million the year before.
-
News
Woolworths administration confirmed
The appointment of Deloitte as Woolworths' administrator was confirmed this morning.
-
News
DSGi moves into loss as recession looms
Electricals giant DSGi, owner of chains including Currys and PC World, is preparing to tough out a recession after making a first-half loss.
-
News
Woolworths and MFI enter administration: A sad day for retail
Comment: Two of the most venerable names in retail collapsed today, in what is the saddest day for retail that anyone in this office could remember.
-
News
Fashion retailers join forces to implement VAT cut
Marks & Spencer, Arcadia, Bhs, Next, New Look and Mosaic Fashions have jointly confirmed they will implement the 2.5 per cent cut in VAT on Monday, or as soon as possible afterwards.
-
News
Woolworths enters administration
Updated: Woolworths' retail division and its entertainment supply business EUK are being put into administration.