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  • Reuters

    Britain's Joules says turnaround plan progressing well

    (Reuters) -Struggling British fashion retailer Joules Group on Thursday said its turnaround plan, focused on boosting profitability, was making good progress, weeks after Next Plc abandoned plans to inject funds into the company. Joules, which sells clothing, footwear and accessories, has been wrestling with finances as consumers turn cautious about spending as surging inflation has fed a cost of living crisis. This month the company said it was no longer in talks with retailer Next Plc over a potential 15 million pound ($16.52 million) equity investment, without disclosing details.


    The Next share price just fell 10%. Is it a no-brainer buy now?

    The Next share price has fallen 40% over the past 12 months. First-half profits are up, but the second-half outlook has declined. The post The Next share price just fell 10%. Is it a no-brainer buy now? appeared first on The Motley Fool UK.

  • Bloomberg

    British Retail Facing ‘Mortgage Time Bomb,’ Deutsche Bank Warns

    (Bloomberg) -- Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateTrump Refuses to Delay Florida Deposition in Phone-Fraud Case Despite HurricaneGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesUK retailers are facing a “mortgage time bomb,” with rising interest rates set to have twice the impact on consumer finances as the recent s