Latest finance news – Page 97
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NewsHotel Chocolat pins hopes on stores in tough trading conditions
Hotel Chocolat bosses hope the resurgence of stores will help it navigate tough conditions following a year of restructuring.
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NewsH&M to cut 1,500 jobs amid tough retail conditions
Fashion giant H&M is to axe 1,500 roles as it seeks efficiencies and consumers watch their spending as the cost-of-living crisis bites.
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NewsMarks & Spencer acquires Thread specialist fashion tech in personalisation push
Marks & Spencer is to amp up the personalisation of its fashion offer after acquiring the intellectual property of specialist marketplace Thread, which had collapsed into administration.
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NewsMulberry swings to loss in face of increased costs
Global handbag and accessories retailer Mulberry has swung to a loss as it grapples with factors such as the end of government Covid-19 support and the cost-of-living crisis.
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News‘Bleak winter’ ahead as inflationary shop prices break new records
With shop price inflation showing no signs of slowing down heading into the final month of the year, the British Retail Consortium has predicted an “increasingly bleak” winter for retail.
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NewsExclusive: Wickes to invest £3.5m in early pay rise for staff
Wickes is bringing forward its annual pay review to support staff during the cost-of-living crisis.
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NewsExclusive: Wilko starts tough year on back foot with loss
Wilko swung to a loss at the beginning of the year, as the tail end of lockdowns, supply chain disruption and plummeting consumer demand all took their toll.
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NewsSuperdry confirms £70m refinancing loan talks
Superdry has confirmed it is in talks to borrow up to £70m from Bantry Bay Capital.
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NewsBoohoo more than doubles Revolution Beauty stake to become largest shareholder
Boohoo has more than doubled its stake in embattled cosmetics specialist Revolution Beauty to become its biggest shareholder.
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NewsEG Group profits boosted by foodservice and Asda On the Move stores
Petrol forecourt giant EG Group has reported increases in profits and sales off the back of strong performances from foodservice, its grocery division and Asda On the Move store conversions.
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NewsSuperdry closes in on refinancing deal with Elliott Advisors
Superdry is close to striking a refinancing deal with the UK arm of activist investor Elliott Advisors.
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NewsCurrys invests in robotic suits to prevent warehouse injuries during festive peak
Currys has splashed out more than £250,000 on a suite of robotic exoskeleton suits to help prevent muscle injuries for warehouse staff handling heavy loads.
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NewsAldi set for ‘biggest Christmas ever’ as price-conscious customers flock to discounter
Aldi is gearing up to sell almost 50 million mince pies in what it anticipates will be its “biggest Christmas ever” as shoppers navigate the cost-of-living crisis.
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NewsMade.com: Unsecured creditors and suppliers to get just 2% of £187m owed
Hundreds of unsecured creditors to Made.com will receive less than 2% of the £187m owed to them by the collapsed homewares business.
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NewsDr Martens profits slip despite sales gains
Dr Martens has suffered a decline in profits despite delivering double-digit sales growth, as it ramps up investment in new stores, marketing and people.
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NewsKingfisher inches down profit guidance amid rising wages and energy bills
Kingfisher has shaved £10m from the upper end of its profit guidance in the face of rising wages and energy bills.
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NewsHalfords hails resilient performance despite profit slump
Halfords boss Graham Stapleton has hailed his business’ resilience in the face of the cost-of-living crisis, despite underlying profit falling in the first half.
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NewsPets at Home profits fall due to increased costs of energy and freight
Pets at Home has blamed rising energy and freight costs for a slump in profit before tax, but has not changed its full-year guidance as customer levels remain strong.
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NewsJoules makes senior team redundancies following administration
Embattled fashion brand Joules has made several senior directors redundant, just a week after it collapsed into administration.
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NewsAO hails ‘solid’ progress despite widening losses
AO has hailed “solid progress” in its plan to focus on profitability over growth, despite suffering widening half-year losses.