All City & finance articles – Page 37
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NewsTHG to demerge Ingenuity arm to simplify business model as it sets sight on FTSE
THG is set to demerge its Ingenuity arm as it simplifies its business model as a consumer beauty and nutrition group and targets inclusion in the FTSE UK Index by March 2025.
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NewsIkea’s sales have taken a hit following its move to lower prices
Ikea’s move to draw shoppers in with lower prices has taken a toll on its revenues.
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NewsN Brown has announced a profit improvement as it focuses on sales
Home shopping group N Brown has reported a small profit in its first half on the back of strategic progress.
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NewsPrivate equity group Apollo has taken control of End Clothing
Private equity house Apollo Global Management has bought fashion retailer End Clothing from its counterpart Carlyle Group.
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NewsRevolution Beauty sales and profits have dipped amid ‘transformational year’
Cosmetics retailer Revolution Beauty’s sales and profits have dipped during the first half as it works towards a “return to growth” and ramps up global expansion.
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NewsSaudi Arabia has invested in Selfridges in a new partnership with Central Group
Selfridges majority owner Central Group has announced a new partnership with Saudi Arabia’s Public Investment Fund (PIF) and confirmed the total buyout of Signa Group’s interest in the business.
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NewsFootasylum has secured a £35m credit facility to fund UK growth ambitions
Footasylum has secured a £35m credit facility as it looks to accelerate growth in the UK.
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NewsThe Very Group is set to appoint bankers as it eyes £2.5bn sale
The Very Group is lining up banks to handle a strategic review of the business that could potentially lead to a sale in the range of £2.5bn.
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NewsWeird Fish has reported rising profits despite a dip in sales
British fashion retailer Weird Fish has reported rising profits for the full year despite a dip in sales as it unveils further UK expansion plans.
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NewsFrasers ups stake in Mulberry following rejected bid
Frasers Group has increased its stake in luxury retailer Mulberry, following the rejection of a takeover offer.
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NewsWatches of Switzerland snaps up luxury digital content platform
Watches of Switzerland has acquired a global digital editorial content provider which it said is preeminent in its field.
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NewsShein prepares investor roadshow as it eyes London IPO
Fast fashion giant Shein is to hold a series of informal meetings with potential investors as it seeks a blockbuster listing on London’s Stock Exchange.
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AnalysisTesco boss on why he’s optimistic for Christmas and bringing F&F back online
Despite low consumer confidence and a pallor of gloom around the government’s coming Budget, Tesco boss Ken Murphy is still confident about Christmas
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NewsBritish Land has bought seven more retail parks in a £441m deal
Institutional landlord giant British Land has tapped up shareholders for £300m as it snaps up seven more retail parks.
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NewsTesco has upped its profit guidance as sales exceed expectations in the first half
Tesco has increased its full-year profit guidance for 2025 as volume sales growth exceeded expectations in the first half.
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NewsJD Sports boss says Nike’s troubles aren’t a cause for concern
As JD Sports posted an increase in sales and profit for the six months to August, one of its largest brand partners, Nike reported its biggest drop in sales since the pandemic. But chief executive Régis Schultz said Nike’s troubles have little to do with its performance as he maintains a positive outlook ahead of the golden quarter.
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NewsAO has snapped up Music Magpie in deal to ‘enhance its consumer tech offering’
Electricals giant AO has agreed a deal to acquire secondhand tech expert Music Magpie.
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NewsJD Sports profits and sales have jumped as acquisitions power international growth
JD Sports boss Régis Schultz has hailed the brand’s international acquisitions and ability to “outperform the market” as it delivered record interim results.
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NewsTapi has turned a profit for the first time outside of the pandemic
Tapi has turned a profit for first time outside of the Covid-19 pandemic, despite shoppers’ subdued appetite for big-ticket home improvements.
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NewsMulberry has rejected a takeover bid from Mike Ashley’s Frasers Group
Mulberry has rejected the £83m takeover bid proposed yesterday by Mike Ashley’s Frasers Group.