All City & finance articles – Page 39
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NewsJohn Lewis Partnership appoints interim finance director
John Lewis Partnership has named Andy Mounsey as interim executive director of finance starting September this year.
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NewsShein’s blockbuster London float in doubt
Shein may pull the plug on its highly anticipated £50bn London float amid growing criticism of the Chinese giant’s business practices in the UK, it has been reported.
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NewsTHG and Frasers launch Ingenuity tie-up
THG and Frasers have today announced a multi-year partnership on the health and beauty giant’s Ingenuity platform.
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NewsSpace NK offloads US wholesale arm amid sale rumours
Space NK has sold its US wholesale arm to beauty platform PCA Companies as rumours swirl of a possible sale of the premium beauty chain, according to WWD reports.
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NewsSainsbury’s sells banking to NatWest to focus on retail
Sainsbury’s Bank has been sold to NatWest as the grocer withdraws from a number of financial services to focus on its retail business.
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NewsInflation falls to lowest point in nearly three years
The rate of inflation has declined to its lowest level in almost three years, official data shows.
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NewsDecathlon UK sales slip as cost-of-living pressures continue
Sportswear and equipment retailer Decathlon has reported a decline in sales in the UK for the 2023 full year as it took a hit from the cost-of-living crisis and a turbulent sports market.
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NewsKingfisher appoints British Land exec as CFO
DIY giant Kingfisher has appointed Bhavesh Mistry as its new chief financial officer and board member.
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NewsTesco avoids AGM revolt over CEO pay rise
Tesco has avoided a rebellion at its AGM as investors backed chief executive Ken Murphy’s pay rise.
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NewsSuperdry shareholders approve CEO’s survival plan to avoid administration
The restructuring plan to ensure the survival of fashion retailer Superdry has been given the go-ahead after shareholders voted in its favour.
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NewsTesco sales climb in ‘strong’ first quarter
Grocery leader Tesco has posted a sales rise over the first quarter of its financial year.
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Opinion‘Nigel Farage says Shein London IPO is a “very bad idea”. Is he on the money?’
With speculation over Shein’s expected London IPO ongoing, George MacDonald considers why the potential listing has become such a political hot potato
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NewsDFS drops profit guidance due to ongoing Red Sea disruption
DFS has reduced its profit guidance on recent trading as it continues to be affected by ongoing Red Sea disruption.
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NewsSuperdry wins creditor backing for restructuring plan
Superdry creditors have voted in favour of its proposed restructuring plan, the fashion retailer has said.
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NewsThe Body Shop administrators set deadline for bids
The Body Shop administrators are keen to wrap up a sale of the health and beauty giant by the end of this month, according to reports.
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NewsWalgreens scraps Boots IPO plans as sale talks continue
The American owner of Boots, Walgreens Boots Alliance, has reportedly scrapped plans for a potential IPO of the UK beauty retailer as sale talks around the business continue.
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NewsLabour manifesto to combat retail crime and overhaul business rates
Labour is pledging laws to tackle violence against shop workers and overhaul UK business rates in its upcoming manifesto ahead of the general election.
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NewsShein to lose out on FTSE 100 spot as concerns around IPO swirl
Fast-fashion giant Shein is set to miss out on a spot in the UK’s FTSE 100 index, which lists the UK’s top firms by market value, according to reports.
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NewsPrivate equity firm TDR Capital becomes Asda majority owner
Private equity firm TDR Capital has become the majority owner of Asda after it acquired Zuber Issa’s share in the business.
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NewsBoohoo faces new lawsuit over worker mistreatment
Boohoo is facing a new investor lawsuit in the UK after allegations regarding the mistreatment of workers in its Leicester factories caused its share price to plummet.