All City & finance articles – Page 2
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NewsWHSmith revenues rise but it warns of Middle East impact on summer travel
WHSmith saw its revenue rise across the business, but it is cautious about the outlook as conflict in the Middle East is set to disrupt summer travel.
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NewsSainsbury’s ‘outperforms market’ as sales continue to grow
Supermarket Sainsbury’s has said it has “outperformed the market” for six years in a row as it reported rising sales.
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NewsWeird Fish owner Auralis makes bid to bag Radley
The owner of lifestyle brand Weird Fish has made an offer to acquire British handbag brand Radley, Retail Week understands.
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NewsTesco unveils £750m share buyback scheme
Grocery giant Tesco has launched a share buyback scheme in a bid to reduce its share capital.
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NewsJD Sports chair Andy Higginson to step down
JD Sports has confirmed that chair Andy Higginson will be stepping down from the retailer in the summer.
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NewsWaterstones owner taps banks ahead of potential London float
Waterstones is close to appointing several investment banks to help oversee a float on the London stock exchange that would value the retailer at approximately £2bn.
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NewsTHG reports ‘strong start’ to year as beauty sales rise
Online group THG has reported what it described as its best first quarter for sales growth since Covid.
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NewsPrimark profits fall as parent ABF presses button on demerger
Fashion giant Primark is to be demerged, owner ABF has confirmed, as the retailer posted a fall in first-half earnings.
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NewsThe Entertainer strikes funding package ‘ensuring growth momentum continues’
Toy specialist The Entertainer has arranged a new agreement with its bank, providing it with “financial firepower” for further investment in growth.
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NewsMulberry returns to sales growth as turnaround takes effect
Mulberry has returned to sales growth across all its channels, driven by a strong momentum in the second half and its ‘Back to Mulberry Spirit’ turnaround strategy.
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NewsTOFS stores and head office closed as Interpath begins winding business down
All remaining TOFS stores have been shut, its head office closed, and all remaining staff members have been made redundant, with administrators now in the process of winding the business down, Retail Week can confirm.
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NewsWaitrose to refurbish 30 stores as part of £1bn investment
Waitrose has announced plans to refurbish 30 of its existing stores this year as part of an ongoing, multi-year £1bn investment into its estate.
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NewsNext eyes up luxury handbag brand Radley
Fashion giant Next is weighing up a takeover of British handbag brand Radley, just months after it snapped up struggling footwear chain Russell & Bromley.
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NewsMothercare sales slip as uncertainty in Middle East takes its toll
Mothercare retail sales have fallen in the UK and Middle East markets due to uncertainty and impact of the Iran war.
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NewsB&M interim CFO steps down after less than five months in role
Value retailer B&M’s interim finance boss has quit the business less than five months into the role.
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AnalysisWill a two-week ceasefire lower the pressure on UK retail?
Overnight, the United States of America and Iran announced they had reached an agreement on a two-week ceasefire. Will a cessation of hostilities bring some much-needed relief to the sector?
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NewsMajestic Wine-owned Vagabond to open new London flagship
Majestic Wine-owned Vagabond has announced plans to open a new flagship wine bar in London’s West End this summer, as the brand continues to target “high profile, experience-led locations”.
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NewsDr Martens creates new leadership team to ‘accelerate strategic delivery’
Footwear specialist Dr Martens has unveiled a new executive leadership team and moved to a “market general manager structure” in a bid to “simplify [its] operating model”.
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NewsTopps Tiles to close stores in cost saving push
Specialist retailer Topps Tiles is to shut a tranche of shops is it responds to “softer” trading conditions.
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NewsRetailers brace as business rates costs soar to over £37bn
UK retailers are braced for a fresh cost increase, with nationwide business rates receipts set to rise over 10% from tomorrow to more than £37bn.