All City & finance articles – Page 46
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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.
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NewsN Brown profits up despite dip in sales
Fashion group N Brown, which owns brands including Simply Be, Jacamo and JD Williams, has reported a dip in sales for the full year despite a boost to profits amid ongoing “challenging market conditions”.
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NewsAsda most expensive supermarket for fuel, says RAC
Asda is the most expensive UK supermarket for fuel, according to new research.
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NewsAuthentic snaps up iconic sportswear brand
Authentic Brands Group, which owns Reebok, Hunter and the collapsed Ted Baker, has added another iconic brand to its portfolio.
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NewsZara owner Inditex sales rise in ‘robust’ quarterly performance
Inditex, which owns the likes of Zara, Stradivarius and Bershka, has reported a rise in quarterly sales and profits as its spring/summer ranges continue to be “very well received”.
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NewsB&M boss hails ‘good year’ and raises store openings target
Value retailer B&M Bargains has hailed the success of its store opening programme and upped its long-term store target number as profits and sales for the full year soared.
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NewsWHSmith ‘well positioned’ for summer as travel business booms
WHSmith has maintained its guidance and said it is “well positioned” ahead of the peak summer trading period as it continues to take steps towards being a “one-stop shop” for travel essentials.
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AnalysisShein: Why is a London listing likely to get the green light?
As the highly-anticipated London listing for Shein reportedly draws closer, Retail Week explores whether it will get the go-ahead and if so, why.
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NewsBath & Body Works posts ‘better than expected’ results
US-based retailer Bath & Body Works has “narrowed” its guidance for the full year as it recorded “better than expected” results.
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NewsSportswear retailer founded by ex-footballer posts ‘strong’ year of growth
A sportswear retailer founded by a retired British footballer has reported a ”strong” year of growth as it continues its expansion strategy.
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NewsFrasers drafts in former City regulator boss
Frasers Group has named the former boss of the Financial Reporting Council as its newest non-executive director.
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NewsBoots billionaire’s holding plummets by $2bn
The tycoon behind Walgreens Boots Alliance has seen more than $2bn wiped from his fortune.
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AnalysisFrom AI to M&A – what retailers are spending their money on
The ring of the tills might be what drives retail, but to keep customers spending retailers need to invest in improvements. Retail Week looks at where some of the biggest – and most successful – retailers are directing their spend
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NewsShein to submit prospectus for London float
Shein has taken a step towards embarking on its much-anticipated float on the London Stock Exchange, which is expected to value the fast-fashion giant at around £50bn.
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NewsFrasers Group tops up Hugo Boss stake
Mike Ashley’s retail empire Frasers Group has increased its stake in the luxury fashion brand Hugo Boss.
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NewsJD Sports given boost by trainer sales and in-store shopping
JD Sports has maintained its profit guidance in a “volatile” market as in-store sales climb.