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....On Wednesday, the energy retail and generation businesses of Scottish Power, owned by Spain’s Iberdrola, posted a 73% fall in earnings before interest and tax to £47m in the first quarter. Although the retail business modestly increased customer numbers to 5. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 02:52:40 PM
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Latest Finance News related to Retail Business

Car insurance model will not help energy market, says charity image
Source : Guardian [Read Article] Wednesday 26th of April 2017 02:52:40 PM
....On Wednesday, the energy retail and generation businesses of Scottish Power, owned by Spain’s Iberdrola, posted a 73% fall in earnings before interest and tax to £47m in the first quarter. Although the retail business modestly increased customer numbers to 5. ...
Amazon expands into UK's £96bn business-to-business market image
Source : Guardian [Read Article] Tuesday 4th of April 2017 05:30:43 AM
....Amazon is targeting the multibillion-pound UK business-to-business market by launching a new service that sells office supplies, industrial tools and laboratory kits to companies. The service, called Amazon Business, is the latest example of the US company’s dramatic expansion beyond its traditional consumer retail business. ...
Arcadia plan sees pension woe pile up for Philip Green image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
.... That valuation is based on the likely cost of winding up the scheme and securing benefits with an insurer. On a going concern basis, based on maintaining the scheme alongside the retail business, the deficit was still nearly £565m at the time of the three-yearly official revaluation in March last year – up from £455. ...
French Connection reports loss for fifth year running image
Source : BBC [Read Article] Tuesday 14th of March 2017 08:20:04 AM
....Mr Meidar said he thought the business was worth two to three times the £34m it is currently valued at by the stock market. Mr Marks said French Connection's retail business in the UK and Europe had seen "good progress", with sales at stores open for more than a year up 4. ...
Jimmy Choo revenues boosted by menswear range image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:15:36 AM
...."Retail trends are improving across all regions and Choo has a very strong growth prospects across all its channels. "We are encouraged to see the strength of the company's retail business following sensible investment and there remains plenty of scope for further store expansion," he added. ...
Brexit: pro-leave Next boss urges government to lay out core principles image
Source : Guardian [Read Article] Wednesday 4th of January 2017 01:51:50 PM
....”. He said more openness on immigration policy, which could have a big impact on retail businesses which directly employ a large proportion of EU nationals and whose suppliers are also reliant on immigrant labour, would be particularly helpful. ...
BHS liquidator pores over details of   Green and Chappell property deals image
Source : Guardian [Read Article] Monday 2nd of January 2017 04:16:53 PM
....The parliamentary committee that investigated BHS questioned Green and Chappell about a series of property deals. Green was criticised over the sale by Arcadia, his retail business, of BHS’s shop in Ealing, west London, to a company run by his stepson less than a week before BHS was sold to Chappell. ...
Post Office workers brand OBE for chief executive 'a disgrace' image
Source : Guardian [Read Article] Sunday 1st of January 2017 11:29:39 PM
....A row has broken out over a New Year honour given to a Post Office executive while the organisation is involved in an industrial dispute over jobs, pensions and branch closures. Kevin Gilliland, the chief executive of the retail business, was awarded an OBE. ...
John Lewis boss: higher minimum wage should boost productivity image
Source : Guardian [Read Article] Sunday 25th of December 2016 02:17:39 PM
....“What we recognise is that we need to improve our profit per partner to make our business successful in the future. We are actually by most measures a very productive retail business, however the sector is facing some structural and significant challenges, which means even a very good performing business in the retail sector has to improve its productivity in order to thrive and prosper. ...
Sports Direct chairman lambasts critics as profits fall image
Source : BBC [Read Article] Thursday 8th of December 2016 07:26:28 AM
....Chief executive Mike Ashley said the past six months had been "tough for our people and performance". Announcing the company's results, Mr Ashley said: "Our UK sports retail business continues to be the engine of Sports Direct, but our results have been affected by the significant deterioration in exchange rates, and our assessment of our risk relating to our stock levels and European stores performance. ...
Furious readers  help get justice for  the man Waitrose labelled ‘shoplifter’ image
....“Without the Guardian this outcome would not have been possible. I hope that the publicity will serve as a wake-up call to retail businesses and security firms that they cannot allow this sort of thing to happen and then attempt to shirk their responsibilities,” he said. ...
BT ordered to split legally from Openreach by Ofcom image
Source : BBC [Read Article] Tuesday 29th of November 2016 07:37:31 AM
....Ofcom has resisted calls to split Openreach off entirely, which telecoms rivals have sought. Ofcom said BT had not gone far enough to address its concerns about BT's ability to favour its retail business when making investment decisions in Openreach. ...
Petition urges Philip Green to tackle BHS pension deficit image
Source : Guardian [Read Article] Tuesday 29th of November 2016 06:00:40 AM
. Former BHS workers and trade union representatives are to descend on the headquarters of Sir Philip Green’s retail business in an attempt to force him to fill the £571m deficit in the collapsed department store chain’s pension scheme. ...
Sir Philip Green's yacht and other assets could be seized, says regulator image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 12:35:19 PM
....However, Green will almost certainly not offer the yacht as part of any settlement. If the courts are forced to chase cash from him, they can target a family empire estimated to be worth more than £3bn, which includes property in London and the retail business Arcadia, which owns Topshop, Dorothy Perkins and Miss Selfridge. ...
Sky planning to close a quarter of its UK stores image
Source : Guardian [Read Article] Tuesday 8th of November 2016 12:13:41 PM
....ITV is seeking to cut £25m in costs next year following the Brexit vote. Sky said that the decision to significantly cut its store network is part of a continual review of its retail business. ...
Tesco boss: 'Food price inflation could be lethal for struggling millions' image
Source : Guardian [Read Article] Tuesday 18th of October 2016 02:30:47 PM
....Tesco’s UK boss has warned that food price inflation could prove highly toxic for shoppers and lethal for those on a tight budget. Matt Davies said: “Everybody should be very, very clear how damaging food inflation is to the economy, to retail businesses and manufacturing businesses and how lethal it could be for millions of people struggling to live from week to week. ...

RBS would move HQ south in event of Yes vote in independence referendum
 image
Source : Telegraph [Read Article] Sunday 14th of August 2016 11:26:28 AM
....  "That's around the plaque, it's not about where our people are because we have a very big business up here in Scotland.   "I've got 12,000 people who serve both the Scottish people and we also run our retail business from up here along with a lot of our technology. ...
Scottish independence would still prompt RBS office move image
Source : BBC [Read Article] Saturday 13th of August 2016 11:00:08 PM
.... . "I've got 12,000 people who serve both the Scottish people and we also run our retail business from up here along with a lot of our technology. ...
Kenya's Instagram entrepreneurs image
Source : BBC [Read Article] Friday 1st of July 2016 11:25:54 AM
. Getting into the retail business in Kenya can prove difficult for small start-ups. ...
I never thought Chappell would run BHS, says man who facilitated his bid image
....Sutton was forced to stand down from his bid after a dossier describing a series of allegations against him – including the fraud conviction – was sent to Green. Chappell then took over Sutton’s bid proposal, eventually buying BHS from Green’s retail business Arcadia for £1 in March 2015. ...
MPs to scrutinise Sir Philip Green's link with influential banker image
Source : Guardian [Read Article] Sunday 26th of June 2016 04:40:12 PM
....Goldman has been thrown into the centre of the BHS scandal after Green claimed he “one million per cent” would not have sold the department store chain to Dominic Chappell if the prospective buyer had not passed an informal vetting by the bank. Chappell has been declared bankrupt three times and had no experience of running a retail business before buying BHS. ...
Dominic Chappell accused of treating BHS money as his own image
Source : Guardian [Read Article] Thursday 23rd of June 2016 06:34:59 PM
.... Green owned BHS for 15 years until he sold it for £1 to Retail Acquisitions on 11 March 2015. Olswang states in a letter to the Pensions Regulator that on 5 March 2015 it was told by Arcadia, Green’s retail business, that it needed to complete the deal “immediately” when Retail Acquisitions wanted another four weeks to conduct due diligence. ...
BHS collapse: pressure grows on Sir Philip Green to plug pension deficit image
.... The committee will then have to formally consider the tycoon’s knighthood and advise the Queen on what action to take. The pressure on Green has increased after it emerged that the collapse of BHS is set to cost the taxpayer up to £36m and that Lady Tina Green, his wife, enjoyed a £53m windfall from the sale of the retailer’s headquarters to Arcadia, the Greens’ retail business. ...
Lady Green got £53m windfall from selling BHS HQ to Arcadia image
Source : Guardian [Read Article] Thursday 9th of June 2016 06:53:48 PM
. Lady Green, the wife of Sir Philip Green, enjoyed a £53m windfall after the sale of BHS’s headquarters to Arcadia, the retail business controlled by the couple. ...
The six key questions that MPs must ask Sir Philip Green image
Source : Guardian [Read Article] Wednesday 8th of June 2016 08:18:24 PM
....Why were you in such a hurry to sell BHS?. Chappell told MPs the board of Arcadia, Green’s retail business, had decided it would not put any more money into BHS. ...
Dominic Chappell threatened to kill me, says BHS chief executive image
Source : Guardian [Read Article] Wednesday 8th of June 2016 09:28:26 AM
....Chappell also claimed that Green “genuinely believed” that his consortium, Retail Acquisition, would fail in its attempt to save BHS. He added that he was considering legal action against the tycoon and his retail business, Arcadia. ...
BHS managers blame Dominic Chappell for company's collapse image
Source : Guardian [Read Article] Tuesday 7th of June 2016 07:20:57 PM
....Other members of the Retail Acquisitions vehicle will also appear in front of MPs, as well as Darren Topp, the chief executive of BHS. Chappell’s consortium bought BHS for £1 in March 2015 from Sir Philip Green’s retail business Arcadia. ...
Why was Philip Green's former adviser helping a fraudster bid for BHS? image
Source : Guardian [Read Article] Wednesday 1st of June 2016 07:31:59 PM
.... Sutton then passed on the deal to Dominic Chappell, whose consortium Retail Acquisitions bought BHS for £1 in March 2015. This revelation comes only a few days after it emerged that the Allied Commercial Exporters (ACE), which is controlled by Guy and Alexander Dellal, provided Chappell with £35m to demonstrate his credibility to Green’s retail business Arcadia. ...
Portuguese-backed consortium close to deal for BHS image
Source : Guardian [Read Article] Thursday 26th of May 2016 06:45:32 PM
....The demise of BHS is being investigated by MPs on the business, innovation and skills committee and the work and pensions committee. The MPs have written to Arcadia, Green’s retail business, and Anthony Gutman, the co-head of investment banking in Europe at Goldman Sachs, to seek more information about the events leading up to Retail Acquisitions buying BHS. ...
BHS collapse: former Mothercare and Burton chief leads rescue bid image
Source : Guardian [Read Article] Tuesday 24th of May 2016 05:17:03 PM
.... MPs on the business, innovation and skills committee and the work and pensions committee are investigating the retailer’s collapse. The committee was told on Monday that Sir Philip Green’s retail business was warned before the sale of BHS that Chappell had been declared bankrupt and lacked experience in the retail industry. ...
BHS collapse: Philip Green was warned about buyer, MPs hear image
Source : Guardian [Read Article] Monday 23rd of May 2016 06:39:03 PM
. Sir Philip Green’s retail business was warned before the sale of BHS that Dominic Chappell, the man who led the buyout, had been declared bankrupt and lacked experience in the retail industry. ...
Regulator knew I wanted to sell BHS, says Sir Philip Green image
Source : Guardian [Read Article] Wednesday 11th of May 2016 02:15:47 PM
....Once the regulator learned of the sale, it launched an “anti-avoidance” investigation into the funding of its pension scheme, which could force Green to contribute hundreds of millions of pounds towards filling the pension deficit. However, a letter to MPs from Arcadia, Green’s retail business, said the regulator “was informed of the key terms of the proposed sale of BHS including as to the equity the purchaser was to inject, the existing debt to Arcadia that would be written off, the position of the BHS pension schemes and the plan for the business”. ...
Mary Portas: how I would have saved BHS image
Source : Guardian [Read Article] Monday 25th of April 2016 05:58:30 PM
.... And it always had a brilliant lighting department. But any retail business like British Home Stores needs to constantly reimagine itself to connect to today’s consumer. ...
Primark reveals first fall in half-year sales in 12 years image
Source : Guardian [Read Article] Tuesday 19th of April 2016 12:54:36 PM
....That recovery, as well as a strong performance by its ingredients business, which sells bakery and other foodstuffs to manufacturers and food outlets, and at its grocery division, which owns brands including Twinings and Kingsmill, helped offset a decline in profits at Primark. The retail business’s operating profit, which represents more than half of ABF’s profits, fell 1% to £313m as it was hit by exchange rate headwinds as well as investment in opening stores in the US. ...
Burberry warns of 'challenging' year image
Source : BBC [Read Article] Thursday 14th of April 2016 07:02:33 AM
....A slowdown in sales in continental Europe was also blamed on falling demand from Chinese tourists. Overall the retail business reported a 5% decline in like-for-like sales in the fourth quarter, which ended 31 March. ...
Barclay brothers set to sell a stake in Shop Direct image
Source : Guardian [Read Article] Wednesday 23rd of March 2016 05:54:46 PM
. The billionaire Barclay twins are considering selling a stake in their retail business Shop Direct. ...
Business News: Pets at Home, Sports Direct, Markit image
Source : Daily Express [Read Article] Tuesday 22nd of March 2016 07:26:00 AM
....” . Kellett has been on the group’s board for the past decade, and was in charge of its retail business. ...
French Connection shares slump as annual loss hits £4.7m image
Source : Guardian [Read Article] Tuesday 15th of March 2016 09:38:23 AM
.... Angelides spent 28 years at Next before spending a year at Abercrombie & Fitch until December. Marks, who founded the brand in 1972, said: “Lee has extensive experience of working in senior finance roles at a number of retail businesses, but latterly with a specific focus in the digital environment. ...
Australia's Dick Smith brand saved image
Source : BBC [Read Article] Tuesday 15th of March 2016 02:46:47 AM
....The brand behind struggling Australian electronics retailer Dick Smith has been scooped up by online retail entrepreneur Ruslan Kogan. However, Mr Kogan will only revive the firm's online retail business, not its physical stores. ...
Npower job losses a 'devastating blow' image
Source : BBC [Read Article] Tuesday 8th of March 2016 07:09:41 AM
....Eamon O'Hearn, of the GMB union, said: "GMB is disappointed that hard-working members, many of whom have experienced significant disruption and uncertainty over the past 12 months, are set for more uncertainty over the next 12. "GMB members, in particular those in customer-facing roles, have been instrumental in helping the company to turn around the retail business and we deserve to know the full picture as soon as possible. ...
More than a third of 8.4m BHS loan went to four directors image
Source : Guardian [Read Article] Monday 7th of March 2016 06:07:07 PM
.... As part of the restructuring, Green, the former owner of BHS, could pay £80m into the scheme. This would include £40m in cash and £40m as a loan from his retail business Arcadia, secured against assets. ...
Open thread: what’s holding back your international expansion plans? image
....On paper, it seems easy. Your product sells in the UK and you’ve built up a thriving retail business around it. ...
City news: Travelodge, Hiscox, Fastjet and Genel Energy image
Source : Daily Express [Read Article] Tuesday 1st of March 2016 12:01:00 AM
....1million. Investors have also been warned to expect lower cash returns as the Lloyd’s insurer shifts its priorities from paying special dividends to spending on growing its retail business. ...
William Hill blames gambling taxes for profit slide image
Source : Guardian [Read Article] Friday 26th of February 2016 10:59:27 AM
. Bookmaker William Hill has announced a drop in operating profit of 22% for 2015, blaming gambling taxes imposed on its UK online and retail businesses. ...
Ladbrokes shares jump 6% despite £43m loss image
Source : Guardian [Read Article] Tuesday 23rd of February 2016 11:28:12 AM
....Ladbrokes slumped into a £43m loss last year - its first in 10 years - after the costs of shutting shops, boosting its digital business and implementing its proposed merger with Coral. But as it concentrates on building up its self service betting terminals and digital operations, its UK retail business saw revenues rise 2% during the year but 6. ...
Shares in Argos owner close 13% higher image
Source : BBC [Read Article] Monday 22nd of February 2016 01:31:39 PM
....Mike Coupe, its chief executive, has said that combining Argos would create the UK's "food and non-food retailer of choice", with 2,000 stores. The tie-up would create the UK's largest general merchandise retail business. ...
Second bid tabled for Argos owner image
Source : BBC [Read Article] Friday 19th of February 2016 06:57:26 PM
....Chief executive Mike Coupe said if the takeover went ahead the combination of the two companies would create the UK's "food and non-food retailer of choice", with 2,000 stores. The tie-up would create the UK's largest general merchandise retail business. ...
ANZ admits bad debts have risen to $800m as cost of Asia slowdown grows image
Source : Guardian [Read Article] Wednesday 17th of February 2016 12:41:03 AM
....02% once the impact of the bank’s institutional markets business was taken into account. But the bank said its Australia and New Zealand retail business gained market share in key home lending markets, while small business grew strongly in both countries. ...
Former Sainsbury's boss wades into tax row to criticise 'unfair' rates bills image
Source : Guardian [Read Article] Thursday 11th of February 2016 07:52:39 PM
....“Business rates are by far the most significant inbalance in the tax system,” King said. “Business rates for most retail businesses are a much more significant part of the tax burden than any other part of the tax system. ...
Deutsche Bank: Germany's financial colossus stumbles image
Source : Guardian [Read Article] Wednesday 10th of February 2016 08:41:18 PM
....Christopher Wheeler, banks analyst at Atlantic Equities, said Deutsche had resembled the UK’s Barclays: an investment bank and large lender to big businesses with a retail banking arm. But it is now attempting to cast off its retail business – Postbank, which it only acquired in 2010 – raising questions about how it will generate revenues in the future. ...
Bargain Booze poaches ex Argos executive image
Source : Telegraph [Read Article] Tuesday 26th of January 2016 11:15:43 AM
.... . Mark Simmonds, head of financial planning at Mitchells and Butlers, has also joined Conviviality as finance director for its retail business. ...
Questor share tip: William Hill faces tough year image
Source : Telegraph [Read Article] Monday 18th of January 2016 06:32:37 PM
.... Dig a little deeper into those high-street retail revenues and just over half come from gambling machines. Changes in the tax regime have seen costs in the retail business increase by 55pc over the past six years, against a 15pc rise in revenue. ...
Majestic Wine toasts 12% Christmas sales increase image
Source : Guardian [Read Article] Thursday 7th of January 2016 03:05:30 PM
....Related: Majestic Wine's new boss scraps six-bottle minimum. Majestic’s retail business, which accounts for three-quarters of profit, also more than doubled sales of Provence rosé as warmer weather changed tastes in wine. ...
Three years on from the horsemeat scandal: 3 lessons we have learned image
Source : Guardian [Read Article] Thursday 7th of January 2016 05:00:00 AM
....However, this is an enormous project, especially when you think that supermarkets might stock 35,000-40,000 different food products. Smaller food and retail businesses simply do not have the resources to map their supply chains to the same extent, so for them, warns Elliott, the risk has not necessarily been diminished. ...
Sainsbury's makes £1BILLION bid for Argos and Homebase firm image
Source : Daily Express [Read Article] Tuesday 5th of January 2016 10:29:00 PM
....Britain’s second biggest supermarket group, led by chief executive Mike Coupe, said combining the two businesses “is an attractive proposition for the customers and shareholders of both companies, establishing a platform for longterm value creation”. It added: “It is an opportunity to bring together two of the UK’s leading retail businesses, with complementary product offers, focused on delivering quality products and services at fair prices, through an integrated, multichannel proposition. ...
L&G considers selling its Dutch retail unit image
Source : Telegraph [Read Article] Saturday 2nd of January 2016 04:55:16 PM
. Legal & General is working to sell its Dutch retail business as insurers across Europe continue to prune back businesses in peripheral markets in the face of margin pressures and tightening solvency rules. ...
Former RBS executive to run Santander's small business unit image
Source : Guardian [Read Article] Thursday 24th of December 2015 12:36:24 PM
....”. In September, Santander UK outlined its plans to meet regulatory imposed rules to “ring-fence” retail businesses from corporate businesses, which are designed to limit the exposure of the taxpayer to corporate losses. ...
Amazon and eBay face crackdown over VAT fraud by overseas sellers image
Source : Guardian [Read Article] Tuesday 22nd of December 2015 07:15:02 PM
.... All had arranged for Amazon to hold their stock in the UK, pack and send parcels and deal with payment and returns queries. Most retail businesses with stock in the UK dispatching goods to British customers are required to register for VAT with HMRC. ...
Vodafone goes to war with European rivals image
Source : Telegraph [Read Article] Saturday 19th of December 2015 03:45:13 PM
....” . Vodafone has argued that if Openreach was separated it could invest in a nationwide ultra-fast network alongside Sky and BT’s retail business. ...
Sports Direct's Mike Ashley to face MPs over working conditions image
Source : Guardian [Read Article] Friday 18th of December 2015 06:57:52 PM
....This marks the second attempt in less than 12 months by MPs to question Ashley, who controls 55% of the shares in the company. In March, he declined an invitation by the Scottish affairs select committee to answer questions over the treatment of employees at the company’s USC retail business and the use of zero-hours contracts. ...
SuperGroup slumps 10% on stock fears and discounting for Christmas image
Source : Guardian [Read Article] Tuesday 15th of December 2015 10:52:34 AM
....04. Analysts at Liberum said SuperGroup has 20% off promotions, less than the 50% at Gap and the 60% at H&M but a sign of how mild weather has meant too much inventory in the clothing sector and how tough the retail business is at the moment. ...
Bridge closure 'threatening firms' image
Source : BBC [Read Article] Saturday 12th of December 2015 05:45:10 PM
....The bridge was shut completely on 4 December after a crack was found in a truss end link member at the North Tower. The Federation of Small Businesses in Scotland (FSB) welcomed the easing of restrictions on the A985, but said hospitality and retail businesses on either side of the Forth Road Bridge still needed "some certainty" about when it would reopen. ...
Sports Direct is a reflection of the modern British economy | Letters image
Source : Guardian [Read Article] Friday 11th of December 2015 06:20:23 PM
....Jeremy CushingExeter. • The refusal of British capital to invest in British industry, preferring to rely on cheap imported labour and old technology, is one of the great economic mysteries and is clearly now as dominant in parts of the retail business as it was in the now largely defunct manufacturing sector. ...
Stress tests were not made to be simple image
Source : Telegraph [Read Article] Tuesday 1st of December 2015 08:59:22 PM
Wasps rugby club buzzing again image
Source : BBC [Read Article] Friday 27th of November 2015 10:01:03 PM
....Schemes in the pipeline include building a new training centre in the next year or two in the Coventry area, a second or even third hotel at the Ricoh complex, and a new 150,000 sq ft "multi-use leisure facility with retail, and food and beverage". There are also plans for an expanded Wasps rugby retail business in the West Midlands. ...
Edinburgh Woollen Mill to create 800 new jobs with store expansion  image
Source : Telegraph [Read Article] Thursday 26th of November 2015 11:58:22 AM
.... . The group already has more than 1,000 stores making it one of Britain’s largest retail businesses. ...

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