All City & finance articles – Page 58
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NewsLogistics giant Wincanton to go private in £560m mega deal
Wincanton is set to be snapped up by French shipping giant CMA CGM and delisted from the London Stock Exchange in a deal worth over £560m.
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NewsDFS suffers weather hit to sales but confident in full-year guidance
Sofa giant DFS has reported a fall in demand but still expects to meet full-year earnings expectations.
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Opinion‘Big changes at Sainsbury's hint at next strategic phase’
As Sainsbury’s prepares for a strategy update to the City at the start of next month, some big developments hint at what may be expected
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NewsN Brown ‘confident’ in strategy despite dip in sales
Fashion group N Brown, which owns Simply Be, Jacamo and JD Williams, has said it is “confident” in its strategic direction for the year ahead, despite posting a dip in sales in its third quarter.
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NewsWatches of Switzerland issues profit warning
Watches of Switzerland has issued a profit warning as shares plummeted by more than 25% this morning. In the run-up to Christmas, consumers opted to spend on fashion, beauty, travel and hospitality rather than luxury.
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NewsNaked Wines sales slip as repeat customer base shrinks
Naked Wines said that constant currency sales were down over peak trading but are steadily improving, despite its average repeat customer base shrinking by 12%.
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NewsCurrys upgrades profit guidance despite sales slip
Currys expects full-year profits to exceed consensus expectations following a “successful peak trading period”.
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NewsDunelm holds firm on outlook despite surging sales
Dunelm has refused to nudge up full-year profit expectations despite hailing “strong sales growth” in the first half of the year.
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NewsPepco delivers record revenues as it warns on Red Sea disruption
Pepco Group, which owns Poundland in the UK and the Pepco and Dealz brands in Europe, has posted record first-quarter group revenues.
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NewsLosses deepen at The Works as Christmas fails to deliver
The Works has reported deepening losses as cash-strapped customers prioritised food and essentials over gifts at Christmas.
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NewsMulberry sales decline as UK VAT hits luxury sector
Luxury fashion retailer Mulberry has posted a fall in sales which the group said was impacted by a “challenging macroeconomic backdrop” and a decline in luxury consumer spending.
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NewsSuperdry appoints PwC to review finances after profit warning
Fashion retailer Superdry has appointed PwC as advisers to examine debt-raising options as pre-Christmas trading suffered.
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NewsTHG returns to revenue growth after ‘best performance of 2023’
THG, which owns health and beauty brands like Lookfantastic and MyProtein has posted a return to revenue growth in the “best quarterly performance of 2023.”
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NewsCard Factory delivers strong sales in festive season
Specialist retailer Card Factory has reported a strong performance in the run-up to Christmas as it expects to deliver adjusted profit before tax at the top of the range of market expectations.
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NewsOcado Christmas sales hit ‘highest ever level’
Ocado has posted growth in sales as it delivered “another record Christmas and hit its highest-ever level of sales” over the peak trading period.
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NewsSuperdrug sales surge as market share grows
Superdrug has reported a surge in sales driven by affordable pricing and uptake in members-only deals as customers continue to battle the cost-of-living crisis and inflation in the run-up to Christmas.
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NewsSeasalt Christmas sales surge as shoppers return to stores
Seasalt has reported “record” Christmas trading performance across all channels, crediting store performance in particular as the brand continues to resonate with shoppers.
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NewsFortnum & Mason posts soaring Christmas sales as customer numbers grow
Fortnum & Mason posted a strong sales performance over Christmas as customer numbers soared. Its success is credited to investment in its Piccadilly flagship as well as its return to ecommerce trading in Europe last year.
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Opinion‘Boss Stuart Machin pumps up the volumes at Marks & Spencer’
A focus on volumes and what drives them helped Marks & Spencer take a place on the Christmas winners’ podium and will mark out retail’s winners more generally, writes George MacDonald
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NewsVery Group credits toys, gifts and beauty for ‘strong’ Christmas trading
The Very Group has credited the success of its toys, gifting and beauty categories for driving “strong” Christmas results as sales rise in a “challenging market”.