Marks and Spencer have announced the next tranche of UK stores proposed for closure as it reshapes its UK store estate in line with its target to take at least a third of sales online. M&S plan to close over 100 stores by 2022, including 21 that have already closed...
Saga have traded 'in line with expectations' for the period from 1 February to 31 May 2018. Saga branded retail insurance policies increased by approximately 1% year on year, supported by 30% and 14% growth in motor and home new business policies, respectively. Total retail insurance policies for the period were flat, due...
The Carphone Warehouse, owned by Dixons Carphone, have announced plans to close 92 stores this year, stating that they won’t tolerate the current performance in mobile, or as a Group. Dixons Carphone expects pre-tax profits in the year 2017-18 to be £382 million, but then fall to £300 million in 2018-19. The...
Debit cards payments have overtaken cash for the first time, according to the latest research from UK Finance. Debit cards were used 13.2 billion times in 2017, compared to 13.1 billion cash payments.  Almost two thirds of Britons now use contactless payments, with the number of payments doubling in one...
Underlying profit before tax increased by 10 per cent to £141.6 million Statutory profit before tax increased to £127.2 million, Underlying total income increased by 5 per cent to £343.0 million Virgin Money have reported a 10 per cent increase in underlying profits for the half year to 30...
50 Stores to close and 800 jobs at risk Mothercare has received approval for a rescue plan known as a Company Voluntary Arrangement or CVA, following the creditors' meetings today. The company will be able to continue to trade as a going concern under the control of its directors. Although today's approval prevents Mothercare...
Virgin Money has received an offer from Clydesdale and Yorkshire Bank (CYBG PLC) to take over the company. The revised offer, valued at £1.6 billion, will increase Virgin Money shareholders' interest in the combined company to 38%, up from 36.5%. The Panel on Takeovers & Mergers has granted an extension to June...
Zoopla, owned by ZPG Plc, has agreed to a proposed takeover by US private equity firm Silverlake for £2.2 billion. ZPG, which was founded in 2007, owns and operates some of the UK's most recognised digital brands including Zoopla, uSwitch, Money.co.uk, PrimeLocation and SmartNewHomes. The ZPG Directors intend to recommend unanimously...

Dunhelm sales up by 9%

Dunhelm, one of the UK’s largest homeware retailers, have reported a 9 per cent increase in like-for-like sales for the last quarter. Store revenue increased by 5.7% to £246 million, with online sales up by 37.9% to £36 million. The overall growth for the group was 2.0%, reflecting the closure...
National Grid has agreed to buy Geronimo Energy, a leading clean energy developer based in Minneapolis, Minnesota for $100m, with potential further payments subject to successful development of the project pipeline. National Grid is also progressing with an agreement to acquire a 51% share in 378MW of solar and...
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