All City & finance articles – Page 127
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AnalysisAnalysis: Why is retail directors’ pay prompting a shareholder backlash?
Following a big shareholder revolt over Morrison’s decision to award executive bonuses and with JD Sports also likely to be in the firing line, Retail Week looks at why executive pay is becoming increasingly contentious.
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NewsMorrisons spurns £5.5bn takeover approach from US private equity firm
Morrisons has rebuffed a shock takeover bid from a US buyout firm advised by former Tesco boss Sir Terry Leahy, a move that could spark approaches from rival bidders.
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NewsMorrisons rebuffs £5.5bn takeover bid from private equity firm CD&R
Morrisons has rejected a takeover bid from American private equity giant Clayton, Dubilier & Rice (CD&R).
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NewsTesco sales rise but growth ‘moderates’ as Covid restrictions ease
Tesco has posted an uptick in first-quarter sales but cautioned that growth “moderated” during April and May as Covid-19 restrictions eased.
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NewsHalfords drives profit growth as it accelerates transformation
Halfords has reported a strong full-year performance after increased demand for categories such as cycling, partly fuelled by the pandemic.
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NewsDr Martens’ sales and profits rise in IPO year
Footwear retailer and brand Dr Martens has reported increased sales and profits for the year that brought its IPO.
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NewsCompetition watchdog greenlights Issa brothers’ Asda takeover
The Competition and Markets Authority (CMA) has greenlit the Issa brothers and TDR Capital takeover of Asda, allowing the new owners to push forward with their new strategy for the grocery giant.
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NewsH&M sales rise despite European closures
H&M recorded strong sales in the second quarter despite the impact of the pandemic on various markets.
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NewsBoohoo records surge in first quarter sales despite international ‘uncertainty’
Boohoo has posted a strong uplift in sales during its first quarter against strong comparitives, with the US and UK driving momentum.
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NewsJD Sports braced for shareholder revolt over ‘inappropriate’ Cowgill bonus
JD Sports is bracing itself for a possible shareholder revolt after paying bonuses to senior staff such as Peter Cowgill despite refusing to refund millions in government support.
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NewsTed Baker losses deepen as Covid hampers turnaround
Fashion retailer Ted Baker has reported deepening losses and falling revenues in its full year results, leading to the board deciding against paying out a dividend.
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NewsSelfridges bid approach brings price tag in excess of £4bn
Selfridges, one of the world’s most famous department stores, may be sold for £4bn or more.
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NewsAsda profits tumble as Covid costs bite
Asda has suffered a drop in full-year profits as costs incurred during the coronavirus crisis weighed on its bottom line.
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NewsMorrisons shareholders dismiss Covid efforts in massive pay rebellion at AGM
Morrisons investors have opposed the grocer’s pay report in large numbers at today’s AGM, prompting dismay at the grocer.
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Opinion‘Retail’s rules of value creation have changed for good’
Retailer equity valuations have been on a rollercoaster ride over the past year, amid significant divergence in the performance of individual companies.
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NewsCard Factory slumps to loss as coronavirus batters sales
Card Factory has swung into the red after store closures during national lockdowns decimated its full-year sales.
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NewsZara owner Inditex reports sales above pre-pandemic levels
Fashion giant Inditex, owner of retailers including Zara, has reported strong quarterly sales growth and revenues have subsequently been ahead of pre-pandemic levels.
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NewsGetir triples valuation after latest $550m fundraising round
Turkish on demand delivery startup Getir has raised $550m in its latest fundraising round and tripled its valuation to $7.5bn as it reportedly eyes a stock market listing.
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NewsTesco faces £2.5bn bill after staff win equal pay dispute
Grocery giant Tesco is facing the prospect of a £2.5bn bill after the European Court of Justice backed thousands of current and former shopfloor workers in a mammoth equal pay lawsuit.
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AnalysisAnalysis: Etsy’s Depop deal is a big bet that retail has changed forever
News broke this week that online marketplace Etsy has bought second-hand fashion app Depop for $1.6bn, but what does the deal mean for both businesses?