All City & finance articles – Page 16
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NewsBRC warns government against further tax rises in autumn Budget
The British Retail Consortium has warned the government against any further tax rises on retailers in the coming autumn Budget, saying any such moves risks “losing the battle against inflation”.
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NewsVery Group transformation boss steps down to join mayoral race
Online retailer Very Group’s chief finance and transformation officer is to step down and run as a mayoral candidate.
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Chart of the WeekChart: Next shares its vacancy figures in warning on UK jobs market
Next sounded a warning about the UK economy alongside their results last week, pointing to rising unemployment and rising application numbers
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NewsDebenhams reshuffles non-executive board
Debenhams Group has announced that it has appointed Tom Handley to its board of independent non-executive directors, after Alistair McGeorge stepped down earlier today (Friday, September 19).
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InterviewQ&A: Next CEO Lord Wolfson on navigating an ‘anaemic’ economic outlook
Next shares fell this morning as the retail bellwether cautioned that the UK economy is set for “anaemic” growth in the coming months.
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NewsDeliveroo CEO to step down after DoorDash deal completes
Deliveroo founder and chief executive Will Shu is set to leave the business, once the £2.9bn acquisition of the delivery firm is completed by DoorDash.
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NewsNext posts big sales and profits rise, but sounds warning on UK job market
The fashion retailer reported group sales up by 10.3% and profit before tax up by 13.8% in the six months to July 2025 from 2024.
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OpinionWhat the 2026 business rates revaluation means for major chains
Forthcoming changes represent a structural shift for big retailers, and they need to be prepared, observes Ryan’s tax services specialist Alex Probyn
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NewsConsumer confidence drops to lowest level since spring as food inflation rises
Consumer confidence in the economy has hit its lowest level since spring as reports of growing food prices and UK economic struggles take hold.
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NewsMorrisons marks eleventh consecutive quarter of growth
Morrisons has reported an uptick in group like-for-like sales and an eleventh straight quarter of growth, despite the “challenging” consumer environment.
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NewsMoonpig credits AI and product personalisation for ‘strong start to the year’
Online greetings card retailer Moonpig has credited its growing suite of AI services and product personalisation for its “strong” start to the financial year.
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NewsQuiz records double digit sales growth after restructuring
Scottish fashion brand Quiz has reported double digit sales growth in July and August, after completing what it called a “wide-reaching operational streamlining strategy” of the business.
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NewsBoden returns to profit as sales surge
Boden has returned to profit and increased its revenues following a “resoundingly positive” response to its refreshed product ranges.
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NewsFood inflation inches down but customers still cling to value
Food inflation dipped in August, but value remains at the forefront of customers’ minds as the UK headed back to school.
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NewsBodycare to shut more branches following administration
Beauty specialist Bodycare, which collapsed into administration earlier this month, is closing more shops.
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AnalysisExplainer: Implications of Sainsbury’s surprise on-off Argos sale talks
In the space of a weekend, it was revealed that Sainsbury’s was considering selling its Argos general merchandise division to Chinese colossus JD.com, and then that talks were over. Retail Week examines the implications
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NewsAldi sales rise but profits drop as it rolls out record UK expansion plan
Value supermarket Aldi has reported an increase in sales alongside a fall in profits, as it announced a record £1.6bn expansion plan in the UK.
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NewsAO ups profit guidance as it expects to deliver double-digit sales growth
Electricals retailer AO has increased its profit guidance and it said it was on track to deliver a strong profit performance and double-digit sales growth.
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FeatureTrimming fat or cutting muscle? How retailers can preserve their brand story in an era of cost-cutting
In the early 1990s, as sky-high interest rates, falling house prices, and an overvalued exchange rate sent the economy into a tailspin, McDonald’s famously slashed its brand marketing budget in a bid to cut costs. Just as famously, it lived to regret that decision.
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NewsWhole Foods Market losses deepen as sales decline
Whole Foods Market has recorded deepening losses for its UK operations, as revenues took a sharp downturn.