All City & finance articles – Page 16
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NewsNew owner for Northern Ireland shopping centre near Belfast
Property firm NewRiver announced that it had sold the Abbey Centre in Newtownabbey to the Herbert Group of Companies.
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NewsM&S CEO Stuart Machin sees pay reach £7m pre cyber attack
The chief executive’s pay package increased by nearly 40% in the last financial year, according to the retailer’s latest annual report.
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AnalysisAsda sales fall but Leighton sees ‘green shoots’ as turnaround strategy plays out
As Asda unveils first-quarter trading, chair Allan Leighton talks price-competitiveness, inflation, availability, and George stores’ potential
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NewsShein switches IPO focus to Hong Kong from London
Fast-fashion powerhouse Shein is likely to seek a listing in Hong Kong instead of London.
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NewsTemu owner sees profits drop off the back of US tariff troubles
Temu owner PDD Holdings has reported a steep drop in profits off the back of higher tariffs imposed by US President Donald Trump.
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NewsPets at Home profits climb after ‘outstanding year’ for vets business
Specialist retailer Pets at Home has recorded a big rise in full-year profits after a period of “profound transformation”.
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NewsKingfisher posts sales rise as strong seasonal performance powers B&Q
DIY giant Kingfisher has reported an increase in quarterly sales after good demand for seasonal lines at B&Q.
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AnalysisTjeerd Jegen: The globetrotting retail journeyman tasked with turning B&M around
Nearly two weeks ago, struggling value giant B&M announced it had appointed Tjeerd Jegen as its next chief executive.
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NewsMonsoon Accessorize parent company swings to red as demand slumps
Monsoon Accesorize’s parent company, Adena Brands, swung into the red last year as weaker consumer demand took a toll on the fashion retailer.
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InterviewThe Works boss Gavin Peck on new strategies, cyber security and rising crime
On the day that The Works upped its profit guidance off the back of strong trading results, chief executive Gavin Peck spoke to Retail Week about turning the business around, cyber security, and dealing with rising incidents of crime.
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NewsPepco says Poundland exit ‘expected’ by September
European discount group Pepco is expecting to offload the Poundland business by September.
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News‘Tough retail climate’ sees Very revenue decline
Very UK saw revenue fall 2.5% in the 39 weeks to March 29, 2025, despite a strong increase in sales for its home category.
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AnalysisMarks & Spencer boss Machin on cyber attack experience, lessons and action
M&S has just reported a stellar year but hit turbulence after being targeted by cyber-criminals. Chief executive Stuart Machin explains what happened and how he aims to turn disruption to opportunity
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NewsRevolution Beauty enters formal sales process following takeover approach
Revolution Beauty has started a formal sales process after it received a preliminary takeover approach from an unnamed company.
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NewsJD Sports profits slide due to slower than anticipated market
JD Sports has reported a drop in profits due to heavy promotions and slower than anticipated market growth.
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NewsMarks & Spencer in ‘best financial health for 30 years’ but cyber attack cost bites deep
While M&S reported its highest profits in over 15 years, it has also revealed the true cost of the cyber attack which continues to wreak havoc on the retailer.
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NewsCurrys upgrades profit guidance as board reinstates dividend
Electricals giant Currys has upgraded its full year profit expectations and its board has said its performance is good enough to warrant resuming the payment of cash dividends.
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AnalysisWhy things might be looking up again for Greggs and Topps Tiles
While not usually two businesses analysed together, updates from both food-to-go giant Greggs and the homewares retailer Topps Tiles point to possibly more optimistic times ahead for retail.
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NewsGreggs sales rise as ‘better trading conditions’ bolster growth
Food-to-go retailer Greggs has reported a rise in sales as “better trading conditions” in the last 11 weeks have supported growth.
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NewsTopps Tiles sales increase as it records progress in all five areas of growth
Topps Tiles has recorded a rise in sales and profit as well as seeing good progress in its five key growth areas.