All City & finance articles – Page 15
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NewsAsos sales fall but losses narrow as it continues to improve profitability
Online fashion retailer Asos has reported falling sales but an improvement to profitability as losses continue to narrow.
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Opinion‘This grocery ‘price war’ is less battle, more ballet’
The price war narrative misses the mark. What’s actually happening is a repositioning from blunt price matching to smart price signalling, observes OC&C’s Matt Coode
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NewsCharles Tyrwhitt profits and sales up despite ongoing ‘risk and uncertainty’
Suits and shirts specialist Charles Tyrwhitt has reported a rise in profits and sales as it hails current brand positioning and a boost from the return to the office despite ongoing headwinds.
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NewsTHG rejects ‘undervalued’ takeover proposal for Myprotein
THG has rejected a takeover proposal from Selkirk to acquire its Myprotein brand as it “fundamentally undervalued” the brand and its future prospects.
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NewsRituals expects to increase global sales following ‘record year’ in 2024
Luxury beauty brand Rituals expects to increase its annual turnover further as it reports on a “record year” in 2024.
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NewsHobbycraft to close stores and axe around 100 jobs
Hobbycraft’s owner Modella Capital is planning to close at least nine stores with around 100 jobs slashed in a bid to restructure the business.
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NewsMatalan secures new funding to fuel ‘sustainable’ and ‘profitable’ growth
Fashion and homewares retailer Matalan has secured a fresh multimillion-pound cash injection as it continues on business its transformation strategy.
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NewsDHL suspends high-value US deliveries over tariffs
DHL Express has suspended deliveries to the US worth more than $800 (£603), blaming the “significant increase” in red tape at customs due to the introduction of tariffs by the Trump administration.
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NewsBensons for Beds owner mulls bid for Poundland
Alteri, the owner of Bensons for Beds, has emerged as one of several potential contenders to take over discounter Poundland.
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Opinion‘Job security jitters may rise — and constrain consumer spend’
Consumer sentiment has been helped by a strong labour market, but nervousness on the jobs front means weak demand for discretionary goods may build, cautions Shore Capital director Clive Black
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NewsDeliveroo reports first quarter growth as UK and international orders soar
Rapid delivery specialist Deliveroo has reported a “strong” performance during the first quarter thanks to order growth in both the UK and internationally.
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NewsSainsbury’s sales and profits rise thanks to highest market share growth for a decade
Grocery giant Sainsbury’s has reported a rise in profits and sales for the full year as it posted its highest market share growth for more than a decade despite forecasting flat profits for the year ahead.
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NewsDunelm holds firm on guidance as it hails ‘strong’ sales growth
Homewares retailer Dunelm said it is “on track” to hit its profit before tax guidance for the full year as sales during the third quarter surged despite “increased uncertainty on consumer sentiment” ahead.
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AnalysisWhy WHSmith boss Carl Cowling is still betting big on America despite Trump turmoil
WHSmith is selling its high street business to focus on its successful travel operations—notably the US, described by the retailer as its “most exciting growth market”
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NewsSosandar warns on profits as it shifts away from promotions
Fashion retailer Sosandar has revised down its full-year profit and sales expectations, as it is continuing its “transition away from price promotional activity”.
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NewsWHSmith sales jump but profit down as high street trading drags
WHSmith reported a jump in revenues but profit before tax inched down in its first financial update since announcing the sale of its flagging high street business.
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NewsLVMH sales slip but Sephora continues to grow
Luxury retail group LVMH has recorded a slight dip in revenue, despite Sephora continuing to perform strongly.
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NewsArc’teryx owner acquires outerwear brand Jack Wolfskin
The owner of outdoors brand Arc’teryx, Anta Sports, has snapped up Jack Wolfskin in a £222m deal to acquire it from sports equipment company Topgolf Callaway.
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NewsUniqlo parent company ups profit forecast as it gears up for another ‘record’ year
Uniqlo’s parent company Fast Retailing has reported rising sales and profits during the first half and upped its full-year guidance as it gears up for yet another “record” year of trading.
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NewsTesco’s Ken Murphy unveils plans for a potential price war and Trump tariffs turmoil
Despite reporting incredibly strong trading figures for the last financial year, Tesco slashed its profit forecast for the coming year. Is the supermarket giant being overly cautious though?