All City & finance articles – Page 24
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NewsH&M profits hit by ‘negative external factors’ and increased markdowns
Swedish fashion giants H&M have reported a dip in profits in the first quarter, driven by “negative external factors”, increased markdowns of products and investment.
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NewsNext upgrades profits and sales guidance after strong start to the year
Next has upgraded its full price sales and pre-tax profit guidance for the current financial year after trading in the first eight weeks of the period were ahead of expectations.
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NewsSpring statement brings no new pain for retail – but no relief either
While today’s spring statement did not have any more unexpected tax rises in-store for retail, it also did not deliver any relief for a sector still coming to terms with the October Budget.
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NewsMorrisons sales jump as grocer ramps up cost-cutting targets
Morrisons’ sales for the first quarter jumped, as the retailer increased its cost savings target by £300m to £1bn in the “medium term”.
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NewsVirgin Wines reports ‘resilient’ sales and profits as it targets £100m in revenue
Virgin Wines hailed “strong profitability” during the first half.
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NewsTHG completes £90m fundraise to support ‘strategic growth targets’
THG has completed a £90m fundraiser as it requested a debt refinancing and equity raise to support “strategic growth targets.”
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NewsAO profit expected to come in at top end of guidance
Electricals retailer AO expects its profit to come in at the top end of its guidance range as its adjusted profit before tax grows faster than sales.
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NewsWHSmith completes refinancing package
The retailer announced the completion of a £200m issue of US Private Placement (USPP) notes and a bank term loan of £120m.
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NewsKingfisher profit drops as ‘big ticket’ demand weakens
The retail group, which owns B&Q and Screwfix, reported a 7% fall in profit in 2024/25 with sales also declining on the year before.
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NewsAsos ups profit outlook as own-brand sales return to growth
Asos told the City that it expects a “significant improvement” in profitability during the first half of the financial year.
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InterviewRetail Week Awards 2025: Andy Higginson on crises, competition and customers wanting it all
Andy Higginson has played a key part in transforming the retail landscape and consumer expectations, as well as fighting for the interests of the whole industry.
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NewsFootasylum hails ‘best-ever’ performance amid ongoing store investment
Footasylum has reported its “best-ever” financial performance as it continues to invest in its store estate and omnichannel retail experience.
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NewsWickes profits fall despite ‘strong progress’ and growing market share
Home & DIY specialist Wickes has reported a fall in annual profits and sales despite hailing 2024 a year of “strong progress” for the business as it continued to grow market share.
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Opinion‘Supermarket share price rout is testament to Asda’s turnaround potential’
Asda is no spent force, but rival grocers’ share price clobbering sparked by the fear of price wars looks overdone, believes George MacDonald
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NewsGovernment plans to raise business rates to cost ‘600 shops and 5,500 jobs’
The government’s plans to raise business rates for the largest retailers puts over 600 stores and over 5,000 jobs at risk.
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NewsFormer Wilko boss takes up senior role at Poundland
The ex-chief executive of embattled variety store group Wilko has joined the leadership team of value specialist Poundland as its owner considers a sale, Retail Week can reveal.
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Opinion‘Return on capital employed is the one KPI every board needs’
Too many ignore a metric that crucially reveals whether a management team is building a better business for its owners, not just a bigger one, argues True’s Matt Truman
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NewsWaterstones boss teases idea of a London stock exchange float
The boss of Waterstones James Daunt has teased the idea of floating the book retailer on the London stock exchange.
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NewsFenwick drafts in restructuring experts as it aims to cut costs
Department store chain Fenwick has called in restructuring experts as it aims to cut costs following several loss-making years.
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NewsAsda profits improve off the back of strong George performance
Asda has reported an improvement in profits driven by a strong non-food performance headlined by clothing giant George.