Newly merged electrical goods retail Dixons Carphone says it has reported a "barnstorming performance" in its first set of half-year results.The firm, which was created by the merger of Dixons Retail and Carphone Warehouse, reported a rise of 30% in underlying profit to £79 million for the six months to...
Lastminute.com has been sold to European online travel agent, Bravofly Rumbo for $120 million (£76 million).The travel site, which became one of the best-known names of the dotcom era, has been sold for a fraction of the price it fetched almost a decade ago, when it was sold to US...
The former chief executive of JJB Sports, Christopher Ronnie, has been sent to jail for taking £1 million in backhanders from suppliers of the chain during his tenure.Mr Ronnie was found guilty in November for taking the money in 2008, which he then used to buy property in Florida. Ronnie's...
Russia’s central bank has raised interest rates overnight from 10.5% to 17% in an effort to counter a recent fall in value of the rouble.The bank raised rates by 1% last week, although the move had little impact on inflation, which looks set to hit double figures in the near...
Shop Direct’s group retail brand director, Jon Owen, has been promoted to their board of directors as part of a management reshuffle.The reshuffle will also see Gareth Jones, their deputy chief executive become group chief operating officer.Mr Owen has been at Shop Direct for three years and played a leading...
The Co-operative Bank failed a "stress test" that assesses major UK lenders' ability to withstand an economic crisis in the UK.Lloyds Banking Group and Royal Bank of Scotland are a further two banks that were found to be at risk if there were another financial crisis.The lenders' resilience was tested...
Greggs saw its like-for like sales rise by 5.2% in the 24 weeks to 13 December as consumers responded to improvements in its products, service offer and shops.The bakery chain’s own shop like-for-like sales have increased by 4.2% in the year to date while total sales have grown by 3.6%.The company said...
Flash sales retailer MySale has warned that its full year pre-tax profits will be below market expectations.Overall MySale’s revenues were 4% higher than the previous year. However, the group said it experienced substantial regional variations.Having floated on London’s Alternative Investment Market in June, the retailer said it put in a strong...
Halfords' first relaunched Cycle Republic store has opened for business in London.The retailer is reviving the brand five years after it closed the specialist shops. Located in Euston Square, the new 4,000 square metre site will offer bikes and accessories from premium brands, as well as providing maintenance help and...
Sports Direct has announced its interim results for the 26 weeks to 26th October 2014 with an increase by 130 basis points to 44.5%.Dave Forsey, chief executive of Sports Direct said: "The results for the six months were solid considering the adverse impact on performance during the period of England's...
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