All City & finance articles – Page 119
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AnalysisIPO rush – which retailers will whet investor appetite?
After a tumultuous year for the industry, some retailers are setting their sights on new horizons with plans to float on the stock market.
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NewsMoonpig eyes float after strong lockdown trading
Moonpig’s mooted £1bn float on the London Stock Exchange is set for liftoff after the pureplay announced its intention to publish a registration document today.
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NewsKingfisher expects profits at top end of range after strong fourth quarter
Home and DIY giant Kingfisher has said it expects full-year profits to be at the top end of its £667m to £742m estimate, following continued strong trading in its fourth quarter.
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Opinion‘Investors must separate wheat from chaff as etailers race to market’
The acceleration of online retail sales during the pandemic has brought a race to market as ecommerce players rush to pull off IPOs.
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NewsDr Martens laces up for stock market debut
Dr Martens owner Permira is planning an IPO for the iconic footwear retailer this year.
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NewsTrump’s tie-maker joins fight for Arcadia
US clothing firm G-III Apparel has reportedly joined the battle to take over Sir Philip Green’s Arcadia empire.
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NewsStudio reports ‘outstanding’ Christmas as customers turn to value
Studio Retail has recorded an “outstanding” golden quarter after customer numbers soared.
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NewsJD Sports raises profit guidance as sales soar
Enforced store closures did little to dampen sales at JD Sports with the retailer raising its profit expectations for the full year.
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NewsPets at Home ups profit guidance as Christmas sales soar
Pets at Home has raised its full-year profit guidance after hailing further “momentum” during the golden quarter.
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NewsMarks & Spencer golden quarter sales slide as Covid restrictions bite
Marks & Spencer has suffered a slump in sales during the golden quarter as trading restrictions sparked by the coronavirus crisis hindered its performance.
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NewsBoots first-quarter profits slide despite online sales surge
Boots has reported a further decline in its quarterly profits and sales, despite its online sales more than doubling year on year.
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NewsTapi Carpets set to register first-ever profit
Tapi Carpets has recorded strong sales growth in its second half, leading to the retailer’s first-ever profit for 2020.
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NewsJoules Christmas sales bolstered by online
Fashion and lifestyle brand Joules was propped up this Christmas by its online business.
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NewsB&M awards staff bonuses after strong golden quarter
B&M Bargains has registered a strong uplift in revenues during the festive period as more consumers sought value for Christmas.
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NewsBoots owner sells wholesale healthcare business for £4.8bn
Walgreens Boots Alliance has agreed a $6.5bn (£4.8bn) deal to sell its Alliance Healthcare wholesale business in order to focus on its retail operations.
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NewsTopps Tiles flags margin pressure as new lockdown begins
Topps Tiles achieved strong sales growth in its first quarter but expects sales to be hit by the latest coronavirus lockdown.
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NewsGreggs cautions that profits will not recover until 2022 ‘at earliest’
Food-on-the-go specialist Greggs has warned that profits will not return to pre-pandemic levels until 2022 “at the earliest”.
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NewsNext gloomier on store sales as pandemic changes shopper behaviour
Next has changed its outlook on the prospects for bricks-and-mortar stores as more shoppers switch their spend online amid the coronavirus pandemic.
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Opinion‘Act now and act decisively, chancellor – our high streets depend on it’
“The end is in sight,” Rishi Sunak declared this morning as he set out a new package of measures to support businesses through the latest painful phase of the coronavirus crisis – a third national lockdown.
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NewsPaperchase poised to appoint administrators
Stationery chain Paperchase is on the brink of administration after the impact of the coronavirus pandemic hammered sales.