All City & finance articles
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NewsHugo Boss profit and revenue declines but hails progress on new strategy
Luxury brand Hugo Boss has recorded a drop in its sales and profits in the second quarter, but is pleased with “tangible progress” on its new strategy.
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NewsCDS Superstores secures £190m funding to support store and tech investment
CDS Superstores, the parent company of The Range, Wilko and Homebase, has secured a £190m asset-based revolving credit facility to support its ongoing investment in stores and technology.
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NewsZalando continues to deliver revenue growth as AI investment pays off
Fashion technology platform Zalando has delivered another quarter of steady revenue growth as its investment and innovation in AI is paying off.
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NewsProCook chief financial officer to step down
ProCook chief financial officer Dan Walden is leaving the business after spending five years in the role.
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NewsMorrisons losses deepen to nearly £1bn
Supermarket Morrisons has racked up nearly £1bn in losses in the last financial year, as the debt-laden chain struggles to turn around its performance.
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NewsNew Look names new chief executive as earnings rise
Fashion retailer New Look has appointed a new chief executive and reported improved profitability in the first quarter.
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NewsBoots deal in doubt as offer price cut
A potential £7bn sale of health and beauty giant Boots is at risk after the Weston family lashed out at the amount it was willing to pay.
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NewsJD Sports launches second tranche of £200m share buyback
JD Sports has begun the second phase of a £200m share buyback programme.
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NewsAmazon records double-digit sales growth exceeding $200bn
Amazon has seen a double-digit surge in its second quarter sales, exceeding $200bn.
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Opinion‘Eating habits might change, but Greggs still has a recipe for success’
Past form and present performance mean Greggs should be able to navigate changing eating preferences, says George MacDonald.
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NewsPoundland owner makes bid for Harvey Nichols
Investor Gordon Brothers, owner of value retailer Poundland, has joined the battle to buy upscale department store group Harvey Nichols.
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NewsHammerson launches equity raise to help fund Manchester Arndale acquisition
Institutional landlord Hammerson has this morning launched an equity raise to help cover the costs of its £218m acquisition of a 50% stake in Manchester Arndale.
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NewsPets at Home sales rise as turnaround gathers momentum
Total group sales at Pets at Home climbed in the first quarter, as the retailer’s turnaround continued to gather momentum.
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NewsFrasers Group builds stake in Burberry
Frasers Group has acquired shares in Burberry as the retail giant continues its pursuit of luxury brands.
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NewsGreggs profit rises following cost control agenda and grocery growth
Greggs has posted rising sales and a jump in profits following a period of strong cost discipline and growth in grocery channels.
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NewsGames Workshop reports ‘record year’ as sales and profits rise
Games Workshop, owner of the Warhammer brand, has posted an uplift in annual sales and profits.
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NewsShop price inflation falls despite mounting cost pressures
Shop price inflation fell in July as retailers competed to keep prices low during sweltering temperatures and with the World Cup on.
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NewsMango revenues jump ahead of global fashion market
Spanish fashion giant Mango reported half-year revenues increasing ahead of the global fashion market, which it said underpinned its “strong value proposition”.
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NewsShein plunges into loss after US closes de minimis loophole
Fast fashion giant Shein has reported a quarterly loss after US president Trump ended the small package import duty exemption.
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NewsFrasers Group looks to install Michael Murray as Hugo Boss CEO
Frasers Group is thought to be exploring ways it can make its boss Michael Murray the chief executive of Hugo Boss, as it continues its takeover pursuit of the German fashion house.