All City & finance articles – Page 214
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NewsOcado swings to half-year loss as sales rise
Ocado has recorded a loss at the half-year mark as the online grocer ploughed investment into its proposition following a spate of international partnerships.
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NewsTesco UK boss Wilson diagnosed with cancer, steps down
Tesco’s UK and Ireland chief executive Charles Wilson will step down from his role this month following a throat cancer diagnosis in April.
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NewsTOFS CVA is approved, 290 jobs are at risk
The Original Factory Shop has been given the green light by creditors to axe over a tenth of its store estate, Retail Week can reveal.
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OpinionOpinion: Mothercare boss has won the battle, not the war
Mothercare is on the latest stage of its torturous journey, lining up cash to fund its restructuring and putting one of its arms into administration.
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NewsPoundworld's founder drops his rescue bid
Poundworld founder Chris Edwards has ditched talks to rescue the business, pushing more than 5,000 jobs closer to the precipice.
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NewsMothercare places Children’s World into administration
Mothercare has insisted it is making “good progress” with its refinancing and restructuring plans – but has placed its Children’s World business into administration.
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OpinionHow BHS turned Sir Philip Green from hero to zero
Retail Week executive editor George MacDonald reviews Damaged Goods, Oliver Shah’s new book on Sir Philip Green and the demise of BHS.
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NewsAgenda: M&S, Asos, Ocado, Dunelm and Burberry
Retail Week looks ahead to the next seven days, with updates from Marks & Spencer, Asos, Ocado, Dunelm and Burberry all on the agenda.
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NewsPhilip Hammond refuses MPs’ calls for rates reform
Chancellor Philip Hammond has told MPs he will not reconsider business rates reform imminently, but will examine changing how digital firms are taxed.
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NewsSuperdry profits rise after ‘strong’ year
Superdry has reported a rise in sales and earnings and said it is confident that growth will continue.
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NewsPrimark profits to beat expectations as sales rise
Primark will make higher profits than anticipated this year after tight management of stock and markdowns.
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OpinionForget Westminster, save the high street at local level
In Wood Green, my local shopping centre, what was the BHS is now a Poundworld – and like BHS, it’s also destined for closure after collapsing into administration.
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NewsSainsbury’s posts flat first quarter like-for-likes
Sainsbury’s like-for-like growth edged up 0.2% in the first quarter as the grocer ploughed £150m into lowering prices.
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NewsFRC launches investigation into Conviviality collapse
Accountancy regulators have launched a probe into the dramatic collapse of booze retailer and wholesaler Conviviality.
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NewsSuperdrug hails 'momentum' as full-year profits jump
Superdrug has posted an increase in full-year profits and sales as it hailed “continued growth momentum” in key categories.
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NewsTime running out to save Poundworld, founder warns
Poundworld founder Chris Edwards, who wants to buy back the retailer, has accused administrator Deloitte of making a rescue deal more difficult by “wasting time”.
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NewsEve Sleep founder ousted after 'strategic missteps'
Direct-to-consumer mattress specialist Eve Sleep’s founder and chief executive Jas Bagniewski has left the business with immediate effect.
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NewsTesco and Carrefour set to enter strategic alliance
Tesco and Carrefour are preparing to create a global strategic alliance in a bid to offer “even lower prices” to customers.
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NewsAgenda: Sainsbury’s, Primark, Eve Sleep and Topps Tiles
Retail Week looks ahead to the next seven days, with updates from Sainsbury’s, Eve Sleep, Primark, Topps Tiles and Superdry on the agenda.
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NewsPoundland like-for-likes rise despite Steinhoff woes
Value variety store group Poundland has reported a rise in first-half like-for-like sales.