All City & finance articles – Page 58
-
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.
-
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.
-
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.
-
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.
-
NewsJohn Lewis Partnership appoints interim finance director
John Lewis Partnership has named Andy Mounsey as interim executive director of finance starting September this year.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
NewsKingfisher appoints British Land exec as CFO
DIY giant Kingfisher has appointed Bhavesh Mistry as its new chief financial officer and board member.
-
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.
-
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.
-
NewsTesco sales climb in ‘strong’ first quarter
Grocery leader Tesco has posted a sales rise over the first quarter of its financial year.
-
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
-
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.
-
NewsSuperdry wins creditor backing for restructuring plan
Superdry creditors have voted in favour of its proposed restructuring plan, the fashion retailer has said.
-
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.
-
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.