3.3 C
Thu Dec 13 - 10:44:37
Home Tags Business Reporter

Tag: Business Reporter

‘Worse than the recession’: Bonmarche’s grim trading update

Shares in the cut-price womenswear chain tumbled by as much as 50% as it issued its second profit alert in less than three months, forecasting that it could slump to a full-year loss

Sports Direct counts cost of House of Fraser rescue

The retailer, controlled by tycoon Mike Ashley, said House of Fraser had notched up a loss of £31.5m since it was acquired in August for £90m

Brexit blamed as housing market hits six-year low

The Royal Institution of Chartered Surveyors (RICS) said its house price balance - a gauge of whether values are more commonly rising or falling - slipped to -11 in November, down from -10 in October

Pound up after Theresa May wins Tory confidence vote

It later fell further - to fresh 20-month lows of $1.2475 - when confirmation came early on Wednesday that there was enough support among Conservative MPs to secure the confidence ballot

Bosses ‘tearing their hair out’ over Theresa May confidence vote

The Institute of Directors (IoD) said politicians had delivered even greater uncertainty in the run-up to Brexit, while the British Chambers of Commerce (BCC) said firms felt "utter dismay"

Superdry shares slump on fresh profit alert

The fashion brand said "unseasonably warm" conditions in November and into December had dented demand for its jackets and other cold weather ranges - and admitted it was over-reliant on these products

Sainsbury’s and Asda challenge CMA over merger probe

The planned tie-up between Britain's second and third-biggest supermarkets has been referred for an in-depth investigation by the Competition and Markets Authority (CMA), expected to be completed by the start of March

Dixons Carphone warns on UK uncertainty as it reports £440m loss

Warning of uncertainty ahead, the retailer behind Currys PC World and Carphone Warehouse also launched a shake-up designed to revive the business - with measures to bulk up its online presence, improve customer experience, and slash costs by £200m

Profit alert for retailer backed by Sir Philip Green and Mike...

MySale, which operates flash-sale sites and retail brands across Australia, New Zealand, South East Asia and the UK, said it expected to make an underlying loss in its half-year to 31 December

Hope of trade war progress help stocks bounce back but sterling...

Market analysts said the pound's woes coincided with unconfirmed reports that enough Conservative MPs had signed letters of 'no confidence' in Mrs May to trigger a leadership contest