All City & finance articles – Page 2
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NewsWatches of Switzerland hails ‘encouraging trading momentum’
Watches of Switzerland has hailed continuing “encouraging trading momentum” and reiterated its full-year profit guidance, ahead of its annual general meeting.
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NewsBRC urges chancellor to raise national insurance contribution threshold in Budget
The British Retail Consortium (BRC) has written to chancellor John Healey urging him to raise the employer national insurance contributions threshold in the autumn Budget.
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NewsSwift conclusion sought to Poundland sale process
Any sale of Poundland is expected to go ahead speedily, Retail Week understands.
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NewsLeading retailers warn Burnham that a Budget tax raid would hit jobs and investment
Some of retail’s biggest names, along with shopworkers’ union Usdaw, have written to prime minister Andy Burnham, voicing concerns over the possibility of further tax hikes in the forthcoming Budget.
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NewsBoden posts profit rise as US powers sales
Fashion retailer Boden has reported increased full-year profits and continued revenue growth in the current year, despite challenging conditions.
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NewsShein shares fall following Hong Kong IPO
Shares in online fashion giant Shein slid during early trading on its first day as a publicly listed company.
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NewsAsda back in sales growth for first time in two years
Asda has reported sales growth in both the second quarter and across seven weeks of current trading, marking a return to revenue growth for the first time in more than two years.
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AnalysisHas Asda’s turnaround finally turned a corner?
Asda is back in positive sales growth for the first time in two years. Does that mean the retailer is finally turning a corner in Allan Leighton’s turnaround plan?
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NewsOner Active appoints first ever chief financial officer
Women’s activewear brand Oner Active has appointed its first ever chief financial officer.
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Chart of the WeekCharts: Primark cuts gap with Shein on prices
While Shein has lost its advantage in the US as a result of the de minimis loophole being closed, price competition in the UK market remains fierce without government intervention.
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NewsSeasalt sees £3m hit from closed US stores
Seasalt decided to shutter its US stores earlier this year, with the discontinued operations having cost the business £3m across its latest financial year.
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NewsHalfords raises profit forecast as warm summer boosts sales
Halfords has raised its full-year profit forecast, as a run of strong sales and an unusually hot summer have pushed profit above forecasts.
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NewsTemu owner blames domestic competition and international regulation for fall in profits
Temu owner PDD Holdings reported a fall in second-quarter profit and revenue that missed market estimates, blaming fierce competition in China and regulatory pressures abroad.
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NewsFrasers calls for resignation of Accent Group chair as takeover bid drags on
Frasers Group chief financial officer Chris Wootton has issued a letter to Australian retailer Accent Group chair Lawrence Myers, calling on him to resign following the publication of the brand’s FY26 results.
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Opinion‘As Shein finally floats, its best days may be behind it’
A much-diminished valuation and market challenges haven’t dissuaded Shein from proceeding with an IPO, but can it keep up the pace that made it so disruptive, asks George MacDonald.
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NewsTGJones owner Modella ‘sounded out’ about Poundland deal
The owner of TGJones, investor Modella Capital, is among the parties potentially interested in buying Poundland.
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NewsShein shoots for $27bn valuation in upcoming IPO
Shein is aiming for a stock market valuation of almost £20bn when it makes its debut in Hong Kong next month.
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NewsPoundland overstated sales by £60m before it was sold for £1
Numerous balance sheet errors were revealed during a review of Poundland during its acquisition by Gordon Brothers last year.
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NewsLoaf founder bought out by River Island’s Lewis family investment fund
Loaf founder Charlie Marshall, who began the business in 2008, has sold his share of the business to the Lewis family’s Blue Coast Capital.
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AnalysisWhere to next for JD Sports as it loses its footing at home and abroad?
After trimming its profit outlook for the full year, analysts and insiders worry it’ll be an uphill battle for JD Sports to get back on firmer footing.