All City & finance articles – Page 19
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NewsNew owner for Boots as parent Walgreens acquired in $10bn deal
Walgreens Boots Alliance, owner of Boots in the UK, is to be sold to a private equity group.
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NewsPepco ‘actively exploring separation options’ for Poundland
Pepco Group has said it is “actively exploring separation options” for Poundland as it aims to focus on a single format and move away from fast moving consumer goods (FMCG).
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NewsFebruary footfall rises thanks to half-term and Valentine’s Day
UK retail in February saw a rise in footfall across all destinations as shoppers took advantage of the half-term break and Valentine’s Day.
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NewsBoots owner Walgreens on the verge of $10bn private equity takeover
US based owner of Boots, Walgreens Boots Alliance, is close to a $10bn takeover by a private equity firm.
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NewsGames Workshop lifts guidance after 2025 starts with strong trading
Games Workshop has said sales have been ahead of expectations in January and February, with “strong trading” across both the core business and licensing.
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NewsVirgin Wines finance boss steps down as successor named
Graeme Weir, who was CFO and company secretary at the direct-to-consumer online wine retailer, is retiring after 22 years with the brand.
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NewsAsda scraps bonuses for thousands of employees amid sliding sales
The bonuses are usually handed out in the first three months of each year to around 10% of Asda’s employees.
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NewsTK Maxx owner TJX ‘exceeds guidance’ with improvement to store sales
TK Maxx’s parent company TJX has reported that the group has “exceeded guidance” as store sales perform better than expected.
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AnalysisOcado moves out of R&D phase, hoping for positive cash flow next year
The multifaceted technology and retail business is in for a year of big changes. It is hoping that its big spend on tech will start to bring dividends
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NewsOcado still in 'constructive' talks with Marks & Spencer over April payment
Ocado is still in “constructive conversations” with Marks & Spencer in a row over a final payment that is due in around a month’s time.
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NewsOcado losses narrow as it ‘significantly’ improves revenue
Ocado Group has delivered narrowing losses and “significantly” improved revenues and cash flows.
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NewsIssa brothers' EG Group posts ‘strong trading’ and profit growth
EG Group has reported “strong trading” in which it saw profits rise driven by growth in the US and Europe.
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Opinion‘The future of struggling Poundland is likely to be revealed next week’
In the current trading environment, value specialist Poundland should be flying. It’s not.
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NewsPart-time retail jobs ‘at risk’ due to the impact from the Budget
Around one in 10 part-time jobs could be at risk due to the impact of the Budget and upcoming regulatory changes, the British Retail Consortium (BRC) warned.
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NewsVictorian Plumbing sees rise in revenue after growth initiatives
The increase, for the first 21 weeks of FY25, comes after the opening of a semi-automated distribution centre in December 2024.
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NewsShein’s profits have plummeted ahead of London listing
Fast-fashion giant Shein’s profits plummeted by more than a third last year, according to reports, ahead of its highly-anticipated London listing.
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NewsJust Eat is being acquired by a Dutch-based technology investment firm
Takeaway and delivery platform Just Eat has agreed to a €4.1bn (£3.4bn) takeover by a Dutch-based technology investor, Prosus.
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NewsB&M CEO to step down as the discounter cuts its profit guidance again
B&M has announced its chief executive is retiring as the discounter cuts its profit guidance for a second time this year.
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NewsAsda has avoided fines despite missing the deadline for its £800m IT upgrade
Walmart has offered its former business Asda a lifeline after the UK supermarket chain missed a crucial deadline for an £800m technology overhaul.
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NewsAldi ups pay for second time in a month on back of Lidl’s increase
Value grocer Aldi has announced a further pay rise for staff, just a month after originally revealing a higher rate.