All City & finance articles – Page 142
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NewsChancellor extends furlough scheme until end of April 2021
Chancellor Rishi Sunak has extended the furlough scheme for another month, meaning it will now end in April 2021.
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NewsConsumer confidence rises in time for Christmas
After reaching a six-month low in November, consumer confidence climbed this month as the UK entered the festive season.
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NewsWatches of Switzerland profits rise as online sales surge
Watches of Switzerland has clocked up an increase in half-year profits following a surge in online sales during the coronavirus pandemic.
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NewsNew Asda owners set to sell off £1.2bn distribution network
Asda’s new owners the Issa brothers have reportedly drafted in advisers to ready the sale of the supermarket’s logistics portfolio.
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NewsDixons Carphone interim sales surge sparks profit climb
Dixons Carphone has reported an uplift in profits at the half-year mark bolstered by strong sales growth which boss Alex Baldock attributes to “grit and skill” of staff.
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NewsH&M sales slide as second wave hinders recovery
H&M has reported a decline in sales in the fourth quarter as a second wave of the coronavirus pandemic impeded its recovery.
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NewsJD Sports acquires US footwear retailer Shoe Palace
JD Sports has announced the acquisition of American shoe retailer Shoe Palace in a bid to increase its exposure on the US west coast.
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NewsUS giant circles Arcadia and Debenhams for ‘double takeover’
The owner of US department store Barneys has emerged as a potential buyer of both Arcadia and Debenhams.
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NewsTopshop administrators seek up to £200m for flagship Arcadia brand
Topshop’s administrators hope for offers of up to £200m for the business, the jewel in the crown of Sir Philip Green’s Arcadia fashion empire.
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NewsOcado ups profit guidance as fourth quarter sales surge
Ocado has said it now expects its full-year EBITDA to surpass £70m following a quarter of “exceptional demand” and strong sales growth.
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NewsFrasers Group interim profits rise spurred by rates relief and online sales
Frasers Group reported a strong uplift in profits at the interim mark despite what chair David Daly describes as a “lack of clarity of guidance” from the government during the pandemic so far.
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NewsGovernment extends commercial evictions ban until April
The government is extending the moratorium on commercial tenant evictions until March 31, 2021.
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NewsTesco gets green light to complete sale of Asia business
Tesco is poised to complete the £8bn sale of its Thai and Malaysian business after buyer CP Retail Development Company rubber-stamped the deal.
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NewsCompetition watchdog to investigate Issa brothers’ Asda acquisition
The competition watchdog has launched a probe into the Issa brothers’ £6.8bn takeover of Asda.
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AnalysisAnalysis: Who will be retail’s winners and losers this Christmas?
It’s been a highly unusual year for retail, which has not been without its casualties. As ‘non-essential’ stores emerge from the second lockdown and shoppers swap Christmas parties for working from home and smaller gatherings, which retailers are set to reap the benefits of an unorthodox festive season?
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NewsStudio Retail prepares for sale as profits boom
Online value retailer Studio has announced plans to explore its sale options as profits and sales soared during the coronavirus pandemic.
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NewsJoules trading ‘ahead of expectations’ despite overall sales decline
Joules has recorded a strong uplift in ecommerce sales in its first half despite lost in-store sales throughout the lockdown periods.
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AnalysisHow retail changed my life: Tesco’s Rimal Patel – no longer a fish out of water
The life of Tesco’s online director Rimal Patel and his extended family has been shaped beyond recognition by the retail industry over the past five decades.
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NewsThe Hut Group raises sales forecast for second time since float
The Hut Group has bumped up its sales forecast for the second time since it floated in September, citing strong Black Friday and Cyber Monday sales.
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NewsTed Baker slips deeper into the red as revenues fall
Ted Baker has reported deepening losses before tax as its revenues fell and costs associated with the ongoing coronavirus pandemic rose.