All City & finance articles – Page 12
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NewsMarks Electrical finance boss steps down
Marks Electrical’s chief financial officer is set to leave after four years with the business.
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NewsWickes secures spot on FTSE 250
Wickes’ strong first quarter has won it a spot on the FTSE 250 after its reshuffle.
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NewsDr Martens pledges return to growth despite profit and sales slump
Dr Martens has upped its profit guidance for FY26 after it “brought stability back” to the business despite profits and sales continuing to fall in the full year.
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NewsConsumer confidence has not recovered since Brexit vote, says Barclays
Despite the dent in consumer confidence, Brits have continued to make room for discretionary spending priorities, with travel and beauty continuing to rise in recent years.
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NewsWHSmith ‘well positioned’ for summer peak as sales increase across travel
Global travel retailer WHSmith said it is “well positioned” for its peak summer period as travel sales continue to increase.
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NewsB&M performs ‘below expectations’ as UK like-for-like sales decline
Value retailer B&M has recorded a dip in UK like-for-like sales as it said the group’s performance fell “below expectations”.
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NewsSainsbury’s boss Simon Robert’s pay tops £5m
Sainsbury’s chief executive Simon Robert’s pay surged to more than £5m in the latest financial year, according to the retailer’s latest annual report.
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NewsNew owner for Northern Ireland shopping centre near Belfast
Property firm NewRiver announced that it had sold the Abbey Centre in Newtownabbey to the Herbert Group of Companies.
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NewsM&S CEO Stuart Machin sees pay reach £7m pre cyber attack
The chief executive’s pay package increased by nearly 40% in the last financial year, according to the retailer’s latest annual report.
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AnalysisAsda sales fall but Leighton sees ‘green shoots’ as turnaround strategy plays out
As Asda unveils first-quarter trading, chair Allan Leighton talks price-competitiveness, inflation, availability, and George stores’ potential
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NewsShein switches IPO focus to Hong Kong from London
Fast-fashion powerhouse Shein is likely to seek a listing in Hong Kong instead of London.
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NewsTemu owner sees profits drop off the back of US tariff troubles
Temu owner PDD Holdings has reported a steep drop in profits off the back of higher tariffs imposed by US President Donald Trump.
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NewsPets at Home profits climb after ‘outstanding year’ for vets business
Specialist retailer Pets at Home has recorded a big rise in full-year profits after a period of “profound transformation”.
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NewsKingfisher posts sales rise as strong seasonal performance powers B&Q
DIY giant Kingfisher has reported an increase in quarterly sales after good demand for seasonal lines at B&Q.
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AnalysisTjeerd Jegen: The globetrotting retail journeyman tasked with turning B&M around
Nearly two weeks ago, struggling value giant B&M announced it had appointed Tjeerd Jegen as its next chief executive.
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NewsMonsoon Accessorize parent company swings to red as demand slumps
Monsoon Accesorize’s parent company, Adena Brands, swung into the red last year as weaker consumer demand took a toll on the fashion retailer.
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InterviewThe Works boss Gavin Peck on new strategies, cyber security and rising crime
On the day that The Works upped its profit guidance off the back of strong trading results, chief executive Gavin Peck spoke to Retail Week about turning the business around, cyber security, and dealing with rising incidents of crime.
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NewsPepco says Poundland exit ‘expected’ by September
European discount group Pepco is expecting to offload the Poundland business by September.
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News‘Tough retail climate’ sees Very revenue decline
Very UK saw revenue fall 2.5% in the 39 weeks to March 29, 2025, despite a strong increase in sales for its home category.
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AnalysisMarks & Spencer boss Machin on cyber attack experience, lessons and action
M&S has just reported a stellar year but hit turbulence after being targeted by cyber-criminals. Chief executive Stuart Machin explains what happened and how he aims to turn disruption to opportunity