All City & finance articles – Page 38
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NewsFrasers has blamed the Budget after profit warning
Frasers Group has this morning issued a profit warning, blaming the Budget and recent tough trading conditions for the £50m hit to its bottom line.
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NewsGymshark chief financial officer has stepped down after two years in the role
Gymshark’s chief financial officer Mat Dunn has departed the business after two years in the role.
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NewsCash payments remain vital for retailers and customers, according to new survey
A new survey by the British Retail Consortium has reiterated the importance of cash to the sector, despite the growing uptake of cash-free transactions.
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NewsBoohoo partially repays loan as co-founder buys more shares in embattled fashion retailer
Fast-fashion giant Boohoo has announced the partial repayment of its £97m term loan as part of its recently completed refinancing.
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AnalysisThat’s a wrap: Have Black Friday and Cyber Monday been boom or bust for UK retail this year?
After a depressingly slow November, retailers could have been forgiven for thinking that Christmas spending might never come. With the promotions coming to an end, did Black Friday and Cyber Monday actually deliver?
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NewsCo-op extends sustainability revolving credit facility
C-store specialist Co-op has extended its £400m sustainability-linked revolving credit facility for another five years.
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NewsMothercare sales slip as it swings to loss
Mothercare has posted falling sales and sliding profits as it swings to a loss during the first half.
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NewsJust Eat to delist from London Stock Exchange
Delivery giant Just Eat has made the decision to quit the London Stock Exchange in order to save costs, in the latest blow for the City.
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NewsNovember footfall sees ‘significant’ increase despite stormy weather
Retail footfall in November saw its greatest month on month increase since 2013 despite chaos from storm Bert.
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NewsDr Martens warns of further profit headwinds as start for new CEO confirmed
Dr Martens has warned that the rest of the financial year will bring further profit and revenue headwinds, as it confirmed the start date for its new chief executive Ije Nwokorie.
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ArticlePets at Home boss: we must look at ‘every lever’ to mitigate budget costs
Pets at Home boss Lyssa McGowan told Retail Week that the business would have to consider “every lever” as it looks to mitigate new costs imposed on retail by the Budget.
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NewsPets at Home reveals Budget costs hit and lowers profit guidance in ‘subdued’ market
Pets at Home has disclosed the additional cost burden it must bear following the recent Budget and lowered profit expectations amid difficult trading conditions.
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NewsFrasers acquires South African sportswear retailer as it snaps up stake in Marks Electricals
Frasers Group has snapped up South African sportswear retailer Holdsport Group for an undisclosed sum on the same day it took a £3m stake in British brand Marks Electricals.
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NewsSosandar eyes more stores and partnerships as it builds reach
Fashion retailer Sosandar is targeting further store openings after the success of the first few, and aims to strike deals to sell through other retailers as it has with Marks & Spencer and Next.
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NewsIncreasing shop prices herald return of inflation, BRC warns
The British Retail Consortium has warned we are beginning to see the return of inflation due to the measures announced in the Budget, as shop prices rose in October.
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NewsKingfisher has tightened its profit guidance as sales remain flat
DIY giant Kingfisher has tightened its full-year profit guidance after sales remained flat in the three months to October 2024.
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Opinion‘Retailers are heading into a challenging period of adjustment post-Budget’
To make the numbers work post-Budget, retailers face tough choices to balance spiralling costs with the need to invest in productivity-enhancing areas such as technology. There is some action they can take though, points out Alvarez & Marsal’s Erin Brookes
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NewsUK retail sales fall in October after three months of growth
UK retail sales volumes fell in October after a marginal increase in September as retailers reported that Budget uncertainty affected sales.
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DataRapid delivery: is it still all to play for?
Thanks to data collected exclusively for Retail Week by CACI, we can reveal the picture of spend in the rapid delivery market, how Getir managed to crash out of a service that’s in such high demand and the demographic groups it attracted that are now up for grabs.
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NewsJD Sports says profit will be at lower end of guidance after ‘volatile’ sales
JD Sports said it now expects full-year profits to be at the lower end of its guidance range after “volatile” trading in October.