Value fashion chain New Look returned to annual profits growth thanks to turnaround efforts and a surge in online sales.

UK value fashion brand New Look's revival plan showed signs of gaining momentum today after its half-year earnings climbed by a quarter.

The founder of high street fashion chain New Look has made a surprise return at the helm of the company following a management clear-out.

Music and books retailer HMV was today reported to be an £800m (€1.2bn) takeover target of private equity firm Permira.

Fashion retailer New Look eased fears of weak pre-Christmas trading on the high street today by reporting a rise of more than 8% in second-half sales.