All City & finance articles – Page 16
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NewsThe Very Group completes refinancing
The Very Group has refinanced £598m through issuing privately placed senior secured notes due in August 2027.
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NewsTesco expects lower profits next year as it records highest market share in years
Tesco has said it expects next year’s profits to be lower after recording its highest market share in nearly a decade.
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NewsMarks Electrical revenue grows as it pivots back to ‘premium focus’
Marks Electrical has recorded an uplift in revenue and said it is “actively pivoting” back to its “historically successful premium focus” to drive better margin performance.
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FeatureAsda: What went wrong and how can it be fixed?
How did the Issa brothers’ ownership of Asda go so wrong? And what do new chairman Allan Leighton and his team need to do to get the beloved supermarket chain back on track?
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DataCustomers abandon tens of billions of pounds in online purchases
UK shoppers abandoned £38bn in ecommerce purchases in 2024, an 11% increase from 2023, despite online retail sales showing minimal year-on-year change, a new report has found.
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NewsJD Sports holds firm on outlook but warns of uncertainty over tariffs
JD Sports said it has started the year “in line with expectations” but warned that its guidance for the 2026 financial year excludes the pending impact of changes to tariffs amid a “volatile” trading environment.
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NewsBoots sees increase in sales in second quarter
Boots UK sales were up 1.6% in the three months to February 28, 2025, versus the year before.
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NewsLush losses widen and it expects to pass on tariff costs to US customers
Lush has reported widening losses and said it anticipates passing the tax from tariffs on to American shoppers.
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NewsClintons returns to profit following period of distress
Card and gifting retailer Clintons has returned to profit after a period of distress that included a restructuring plan and store closures.
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NewsUK shoppers expected to spend over £2bn during Easter
UK shoppers are set to spend over £2bn over the upcoming Easter bank holiday weekend, according to GlobalData research.
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NewsTrump frames tariffs as economic ‘medicine’ as markets tumble
“I don’t want anything to go down. But sometimes you have to take medicine to fix something,” Trump said.
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NewsJigsaw has a new majority shareholder after securing £5m fresh funding
Fashion retailer Jigsaw has secured a fresh multimillion-pound cash injection from Carphone Warehouse co-founder David Ross.
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NewsGuess announces new CFO
The US-based retail business announced that Alberto Toni is expected to take the role in mid-June.
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NewsTHG completes refinancing package
The ecommerce company has completed debt refinancing through to December 2029.
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AnalysisLiberation day: what do Trump’s tariffs mean for UK retailers?
What does US President Donald Trump’s “Liberation Day” mean for retailers, and their shoppers, in the UK? Retail Week explores.
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NewsCo-op ready to ‘stand and fight’ against inflationary pressures
The Co-op says the work it has done over the last few years to offset costs and strengthen its balance sheet means it’s now ready to “stand and fight” in any potential price war.
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NewsNew Look owners invest £30m to ‘supercharge’ digital transformation
New Look chief executive Helen Connolly has “never been more excited about the future” of the business after its owners invested £30m to fuel its ambitious growth plans.
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NewsCo-op profits soar as it targets growth despite rising costs ahead
C-store specialist the Co-op’s profits have rocketed for the full year as it hails strategic progress and “right-sizing” of business starting to pay off.
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NewsMoonpig hails ‘strong’ performance as profits and sales grow
Online greetings card and gifting retailer Moonpig has hailed a “strong performance” as sales and profits continue to grow.
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NewsCurrys lifts profit guidance once again
Electricals giant Currys has lifted its profit outlook for the full year again.