All City & finance articles – Page 45
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NewsMarks Electrical ‘well positioned’ for market recovery after record year
Marks Electrical has said it is “very well positioned” for an electronics market recovery as sales jumped and its profits met expectations.
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NewsAO profits top guidance in year of ‘good progress’
AO has reported a surge in profits and maintained its guidance in a year of “good progress” at the domestic appliances retailer.
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NewsMatalan profits up as focus on full-price sales reaps rewards
Fashion retailer Matalan has reported a surge in profitability despite a dip in sales.
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NewsMorrisons’ sales and profits rise as focus on execution and loyalty pays off
Grocer Morrisons has reported a rise in quarterly sales and earnings, saying that listening to customers and other stakeholders is bearing fruit.
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NewsShein filed London IPO paperwork in early June
Fast fashion retailer Shein confidentially filed paperwork at the beginning of the month to kick off the process for a potential London IPO later in the year.
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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.