All City & finance articles – Page 3
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AnalysisWhy Tesco could be targeting a Majestic Wine takeover
Tesco is thought to be among those considering the acquisition of Majestic. From wholesale opportunity to retail benefits and customer data potential, there is a raft of reasons why a deal might stack up.
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Opinion‘The question for boards about AI is whether it’s moving a number that matters’
No retailer would fund a new store format because the demonstration looked good. AI should not be treated any differently, maintains OurCoop chief finance officer Selina Butterfield-Mashoofi
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NewsLandsec to buy Gateshead’s Metrocentre in £500m deal
Property group Landsec has agreed to acquire the Metrocentre in Gateshead as part of its strategy to invest in “major retail destinations”.
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NewsTopps Tiles’ sales inch down but ‘strategic progress’ made
Topps Tiles has reported a small decline in full-year sales but reassured on full-year profit prospects.
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NewsBoots close to $9bn sale to Weston family
A $9bn sale of health and beauty giant Boots could go ahead as early as next week.
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NewsDune founder plots sale of business ahead of retirement
The owner of footwear and accessories retailer Dune is exploring strategic options for the business, including new ownership investment, ahead of his retirement.
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NewsAndy Bond links up with Poundland management team in buyout bid
Retail veteran Andy Bond has teamed up with the management of value retailer Poundland to pitch a management buy-out of the value retailer, Retail Week can reveal.
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NewsSelfridges profits soar as it calls for tax-free shopping return
Selfridges has reported a surge in profit as it continues to urge the government to bring back tax-free shopping.
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NewsShein reports tumbling profits in first results since IPO
Shein has posted its first results following its listing in Hong Kong on September 1, reporting tumbling profits and flat revenue.
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NewsCard Factory ‘confident’ in strong golden quarter as revenue rises
Card Factory has posted a rise in revenue and is “confident” of meeting full-year expectations due to “strong golden quarter plans”.
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NewsBeaverbrooks ‘resilient’ as national insurance contributions take effect
Jewellery retailer Beaverbrooks has posted “resilient” results despite National Insurance Contributions causing an impact on profits.
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AnalysisAldi CEO on where he’s investing as profits stand still
Aldi’s annual update showed flat profits but chief executive Giles believes volumes are what matter, and aims to ‘lean in on what makes us different’ as he questions the value of loyalty schemes to shoppers
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NewsAldi to invest £900m after record turnover
The German retailer said it was looking to open 30 new stores in the next 10 weeks, with investment also targeted at its distribution network
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NewsPoundland recovery ‘gathers momentum’ as like-for-likes rise
Value retailer Poundland has notched up strong growth in its final quarter, “re-establishing it as a viable and profitable company”.
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NewsPoundland owner mulls selling Irish arm separately
Poundland owner Gordon Brothers is reportedly mulling over selling the retailer and Dealz, its Irish business, separately.
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NewsAS Watson records double-digit growth in global health sales
AS Watson, owner of retailers Superdrug and Savers, has reported a double-digit increase in global health sales over the past year.
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NewsH&M profits jump despite slow sales
H&M delivered a better-than-expected operating profit, despite a marginal increase in sales, during the nine months to August 31, 2026.
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NewsAsos hails turnaround progress as it returns to sales growth
Asos said it has delivered “strong progress” against its key strategic pillars as the business returned to sales growth in the final quarter.
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NewsDFS beats ‘subdued market’ to post profit rise
Furniture retailer DFS has reported an increase in annual sales and profits.
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NewsKingfisher lifts profit guidance as Screwfix sales climb
B&Q and Screwfix owner Kingfisher has raised its profit expectations as sales in trade and ecommerce grow.