All City & finance articles – Page 178
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NewsHouse of Fraser lenders grant extension on loans
House of Fraser’s lenders have agreed to extend its loans, giving it more time to get its restructuring proposals in order.
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AnalysisWhat the latest profit warning means for Debenhams
Debenhams issued its third profit warning in six months yesterday following poor trading over its third quarter.
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NewsIceland launches tech start-up accelerator programme
Iceland has become the latest retailer to establish a start-up tech accelerator programme as it seeks to take advantage of the opportunities heralded by digital innovation.
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NewsBonmarché profits jump despite sales dip
Bonmarché’s full-year profits have jumped under new boss Helen Connolly despite falling like-for-likes.
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NewsDebenhams warns on profits as sales fall
Debenhams has issued its third profit warning of the year following a drop in sales.
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NewsGreen launches legal challenge over BHS report
Topshop tycoon Sir Philip Green has engaged in a legal battle with regulators over the publication of a report into the collapse of BHS.
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NewsAgenda: Dixons Carphone, House of Fraser and Bonmarché
Retail Week looks ahead to the next seven days, with updates from Dixons Carphone, House of Fraser and Bonmarché coming up.
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NewsIceland profits hit by Christmas availability glitch
Iceland has reported a year of strong sales growth but annual profits were hit by factors including poor availability in the key Christmas period.
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NewsTesco posts 10th consecutive quarter of sales growth
Tesco’s UK like-for-likes jumped 3.5% in its most recent quarter, its 10th consecutive quarter of like-for-like growth.
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NewsN Brown staff at risk of redundancy as sales fall
N Brown is entering into redundancy consultations with around 250 staff following falling sales in its first quarter.
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NewsMajestic profits up as Naked Wines drives growth
Majestic has reported increased profits and sales at its full-year results with much of its growth coming from its Naked Wines division.
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AnalysisWhy New Look's McGeorge may not shut shops after all
New Look boss Alistair McGeorge was in remarkably bullish mood this week for somebody leading a company with losses of £75m.
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OpinionNick Bubb: Does HoF's new plan have a chance?
House of Fraser’s new management team want a chance to prove that a slimmed down business can be viable, but do they deserve a chance?
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NewsPwC fined £6.5m over BHS audit
The accountancy firm responsible for auditing BHS’ accounts ahead of its controversial £1 sale and subsequent collapse has fined a record £6.5m.
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NewsNew Look full-year losses total almost £75m
New Look suffered an underlying operating loss of £74.3m last year, when sales slid 7.3% to £1.35bn.
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NewsTed Baker posts sales rise despite poor weather
Ted Baker has reported a 4.2% increase in group sales despite tough trading conditions and unseasonal weather.
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NewsBoohoo sales surge as multibrand strategy pays off
Boohoo has reported rocketing revenues in its first quarter and expects continued growth throughout the year.
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NewsPoundworld collapse puts more than 5,000 jobs at risk
Poundworld has plunged into administration putting around 5,100 jobs at risk.
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NewsAgenda: Tesco, Boohoo and Ted Baker update the market
Retail Week looks ahead to the next seven days, with updates from Tesco, Boohoo, Ted Baker, Majestic, N Brown and Mulberry on the agenda.
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NewsTesco’s Lewis voices business rates concerns
Tesco chief executive Dave Lewis has blamed the burden of business rates for the collapse of some retailers.