All City & finance articles
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NewsWHSmith admits ‘much to do to rebuild confidence’ as profits fall
Travel retail specialist WHSmith has reported a slip in earnings after an accounting controversy in the US that cost its chief executive his job.
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NewsWaterstones’ owner prepares for potential IPO next year
A flotation is on the cards next year for bookseller Waterstones and its US stablemate Barnes & Noble.
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NewsMamas & Papas posts record-breaking Black Friday sales
Early years retailer Mamas & Papas reported record sales during the Black Friday trading period.
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NewsAmazon in talks to invest $10bn in OpenAI
The world’s largest online retailer would reportedly sell the ChatGPT developer chips and computing power as part of the proposed deal
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NewsCurrys grows revenue and profit despite higher UK costs
Currys’ earnings before interest and taxes (EBIT) dropped slightly in the UK, attributed to higher employment costs, but was offset by strong performance in its Nordics business.
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OpinionExplainer: What revaluation means for retailers’ business rates bills
The rateable values announced in last month’s Budget represent the biggest shift in support for 30 years. They reveal structural tensions, but big retailers should benefit, observes tax specialist Ryan’s Alex Probyn
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FeatureA tale of two Budgets: Mapping retail’s rising cost crisis
Business rates relief for smaller properties offers some respite, but larger operators – including supermarkets – face higher bills that threaten to push food inflation even more. As retailers brace for cumulative cost pressures, how will these economic policies shape the industry?
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NewsGreggs names ex-Tesco finance boss as non-exec
Greggs has named former Tesco finance director Richard Smothers as an independent non-executive director, effective February 1.
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NewsCard Factory lowers profit guidance as low footfall persists
Card Factory has issued a trading update, revising its profit guidance as low footfall continues.
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NewsProCook trims losses and makes ‘strong’ start to Christmas trading
ProCook said it has “significantly outperformed the market” as it trimmed its half-year losses and reported a “strong” start to Christmas trading.
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NewsAnn Summers narrows losses and posts sales growth
Ann Summers narrowed its losses and achieved modest sales growth, according to its latest results filings.
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NewsNaked Wines returns to profitability in revenue cutting plan
Naked Wines has made a return to profitability as it deliberately sheds revenue to focus on profitable ‘Angel’ customers.
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NewsMoonpig grows revenue ahead of CEO exit
Moonpig has posted steady revenue growth in the first half as its chief executive officer Nickyl Raithatha prepares to step down.
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NewsWaterstones boss says Budget business rate change will help high streets
Waterstones chief executive James Daunt has welcomed changes to business rates revealed in last week’s Budget.
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NewsOcado reveals cash payment from Kroger following scale-back of US business
Tech platform and online grocer Ocado has agreed compensation from US partner Kroger after the North American food giant decided to cut back the relationship.
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NewsWickes staff celebrate £14m return on share scheme
Employees of DIY retailer Wickes have more than doubled the value of their investment in a company sharesave scheme that has just matured.
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NewsQatar sovereign wealth fund dumps stake in Sainsbury’s
Qatar’s sovereign wealth fund is set to dump a significant chunk of its stake in grocery giant Sainsbury’s, ending its nearly two decades-long run as the businesses’ largest shareholder.
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NewsTopps Tiles incoming CEO hails ‘encouraging results’ as it swings back into the black
The incoming new chief executive of Topps Tiles has hailed the retailer’s “encouraging results” as it swung back to profitability for the full financial year.
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NewsTopps Tiles hires new chief financial officer
Topps Tiles has announced Caroline Browne will join the business as its new CFO.
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NewsModella eyes up Wynsors footwear chain for growing stable of retailers
Modella Capital is in discussions to buy up privately-owned retail chain Wynsors World of Shoes.