All City & finance articles – Page 126
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AnalysisAnalysis: After a profits surge, why is Asos cautious as golden quarter kicks off?
While Asos’ profits and sales surged as it navigated the pandemic in recent months, the retailer has warned that the next few months may not be quite so rosy
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NewsJust Eat reports strong consumer appetite for food delivery
Food delivery specialist Just Eat has reported a rise in orders and expects a continued strong performance in the coming months.
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NewsAsos profits rocket as it adapts to Covid challenge
Onine fashion giant Asos has reported surging sales and profits after successfully navigating the pandemic so far, but it remained cautious on prospects as its young customers’ lives continue to be disrupted.
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NewsReliance Retail pulls out of race to rescue Debenhams
Reliance Retail has pulled out of the race to buy Debenhams as the embattled department store chain battles to secure its future.
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NewsPeacocks’ owner Edinburgh Woollen Mill teeters on brink of administration
Edinburgh Woollen Mill, the retail group controlled by billionaire tycoon Philip Day, is poised to collapse into administration.
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NewsPoundland acquires Fultons Foods, ploughs £25m into grocery offer
Poundland has snapped up frozen food retailer Fulton Foods for an undisclosed sum and plans to invest £25m into its grocery offering over the next two years.
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NewsBritish Land hails ‘encouraging’ rent collections for September
Property giant British Land has reported “encouraging” rent collections for September as tenants begin to recover from the impacts of the coronavirus pandemic.
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NewsVery Group returns to profit as sales top £2bn for first time
Online retailer The Very Group is back in the black after sales climbed in its last financial year.
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AnalysisAnalysis: Five priorities for new Tesco boss Ken Murphy
Tesco’s interim results today gave new boss Ken Murphy his first opportunity to address the City and experience the scrutiny that comes with being chief executive of Britain’s biggest retailer.
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NewsFrasers Group wins shareholder approval for £100m staff bonus scheme
Frasers Group has won approval from its shareholders to launch its first staff incentive programme since 2017.
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NewsSosandar interim sales jump despite ‘challenging’ environment
Sosandar has recorded a surge in sales at the half-year mark as the brand snaps up “significant market share” from its fashion rivals.
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NewsTesco poaches Tate & Lyle CFO as half-year profits and sales climb
Tesco has snapped up Tate & Lyle finance chief Imran Nawaz and reported a strong uplift in interim profits driven by shoppers flocking online during the pandemic and choosing to stock up with bigger shops less often.
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NewsIkea boss bets on store resurgence despite full-year sales dip
Ikea has reported a decline in full-year sales but group boss Jesper Brodin hailed the home and DIY retailer’s resilience and adaptability during the pandemic.
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NewsHolland & Barrett boss Tony Buffin to depart in reward dispute
Holland & Barrett chief executive Tony Buffin is to quit the retailer little more than a year after being appointed, Retail Week understands.
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Opinion‘As shoppers flock online, investors are following’
The Issa brothers’ £6.8bn swoop on Asda may be an exception that proves the rule. While the forecourt convenience retail entrepreneurs have put their money into a primarily bricks-and-mortar business, other people’s cash is increasingly going elsewhere.
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NewsClarks launches CVA in bid to close stores as part of rescue deal
Footwear specialist Clarks has launched a CVA in a bid to shutter stores and secure a much needed cash injection from outside investors.
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NewsDecathlon plans more UK stores as sales climb
Sporting goods giant Decathlon has reported a rise in annual sales in the UK and plans to open more stores here this year and next.
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NewsWagamama owner The Restaurant Group swings to loss
The owner of high street restaurant chains Wagamama and Frankie & Benny’s has swung to a half-year loss after being “severely impacted” by the coronavirus crisis.
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NewsWatches of Switzerland increases profit guidance as sales surge
Watches of Switzerland has increased its full-year profit guidance following “stronger than expected” sales performance during its second quarter.
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NewsAnn Summers CVA ‘likely’ as landlord talks stall
Ann Summers has kicked off talks with the British Property Federation (BPF) that will likely lead to the launch of a CVA after failing to negotiate better rental terms with some landlords.