All City & finance articles – Page 6
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NewsBritish Heart Foundation to close 150 shops amid rising costs
The British Heart Foundation (BHF) is to close around 150 of its charity shops over the next two years, citing “exceptionally challenging” trading conditions on Britain’s high streets.
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NewsBritish Land criticises TGJones’ ‘unacceptable’ and ‘unfair’ restructuring proposals
Commercial property group British Land has slammed TGJones’ restructuring proposals, labelling them “unacceptable” and “unfair”.
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NewsFootasylum enters partnership with Trapstar
Footasylum has entered a strategic partnership with British streetwear brand Trapstar.
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AnalysisHow value retailer B&M aims to bounce back with focus on basics
Low-price retailer B&M may have suffered a fall in full-year profits, but a strategic focus on the basics that originally made it such a success gives grounds for encouragement.
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NewsModella Capital agrees deal with former Poundland owner for Dealz
Modella Capital has continued its retail buying spree with a bid to snap up Polish discounter Dealz.
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NewsDebenhams ‘back to growth’ following strong May trading
Online retailer Debenhams Group “returned to growth” in the first quarter after the “heavy lifting” of its turnaround strategy began to pay off.
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NewsB&M reports profits fall after ‘difficult year’
Value retailer B&M has suffered a fall in annual profits but its boss says it has “moved at pace” to address problems.
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NewsZara owner Inditex reports ‘solid’ first quarter
Fashion giant Inditex has posted a “solid” first quarter performance after spring/summer collections were ”very well received”.
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NewsHome Bargains eyes up heritage brand acquisition
Value retailer Home Bargains is pondering the purchase of famous pottery brand Denby out of administration.
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AnalysisAsda and Ocado: Fulfilment partnership is much-needed win for both businesses
As supermarket giant Asda strikes a fulfilment deal with Ocado, Retail Week analyses what it means for both retailers and how it will work
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NewsAsda hails turnaround progress as like-for-like sales improve
Asda executive chair Allan Leighton has hailed progress in the brand’s turnaround plan.
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NewsBurberry CEO could see £12m pay day as brand scales back climate goals
Burberry boss Joshua Schulman could be in line to receive £12.2m under the luxury brand’s new bonus scheme, according to its annual report that also revealed the company had revised its green ambitions.
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NewsCo-op prices £350m sustainability bond
The Co-operative Group has priced a bond offering of £350m of 8.25% sustainability senior notes due in 2031.
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AnalysisLidl vs Morrisons: Seismic moment or statistical footnote?
As today’s Worldpanel grocery market share data showed Lidl overtaking Morrisons, Retail Week analyses whether this is a seismic moment for UK grocery, or will come to be seen as a statistical footnote in all but the most niche histories?
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NewsAmazon UK tax payments climb by 20%
Online giant Amazon’s tax bill climbed last year, making it one of the biggest tax contributors in the UK.
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NewsNew Pets at Home boss hails turnaround momentum despite falling profits and sales
New Pets at Home chief executive James Bailey said he can see “material progress” being made in the business’ turnaround, despite reporting falling profits and sales.
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NewsMorrisons ready to sell to rivals in bid to slash debt pile
Supermarket Morrisons is reportedly in talks with rival supermarkets over deals to sell food to them in a bid to boost its manufacturing business and slash its growing debt pile.
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NewsSuperdrug owner eyes London flotation before end of year
Health and beauty giant AS Watson is close to pressing the button on a $30bn share listing, expected to take place by the end of 2026.
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NewsKingfisher posts ‘resilient’ start to financial year
DIY group Kingfisher has reported market share gains during its first quarter, in what it described as a soft market.
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NewsVery Group losses deepen as sales remain flat
The Very Group saw its losses deepen during its third quarter and sales remained flat, despite a strong performance in its high-margin home category.