All City & finance articles – Page 6
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Opinion‘B&M shouldn’t throw baby out with bathwater as it downgrades store standards’
The back to basics strategy being enacted by B&M’s new chief executive makes sense but these days that must include store standards, believes George MacDonald
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AnalysisThe City’s verdict after B&M goes ‘back to basics’
Yesterday, value retailer B&M’s new chief executive unveiled a “decisive” plan to get the brand back on track after it issued a profit warning. Here’s how the City responded to his “back to basics” approach.
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Opinion‘Why not make a third less profit, Tesco?’
A call for Tesco to make less money isn’t the answer to food price inflation but would mean less investment in Britain, a more insecure food system, and lower tax receipts, maintains Shore Capital’s Clive Black
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NewsModella Capital demands rent cuts from Claire’s landlords
Private equity firm Modella Capital has demanded rent holidays until after Christmas from the landlords of the stores it acquired as part of its £3.6m deal to save the struggling retailer, Retail Week understands.
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Chart of the WeekChart: Reduce National Insurance and business rates – poll of economists
A new survey of economists and policy experts by the Centre for British Progress think tank suggests experts think NICs and business rates should not be used to raise additional revenue, but VAT should
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NewsB&M unveils turnaround plan after issuing profit warning
Value retailer B&M has launched a “decisive” turnaround plan, after issuing a profit warning for the first half.
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NewsWhite Stuff sales boosted by new store openings
White Stuff has delivered a 20% increase in full year sales, boosted by new store openings, customer acquisition and its ongoing brand transformation.
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NewsHarrods allocates £60m for abuse victims as store records loss
Harrods has allocated more than £60m in compensation via a redress scheme for the alleged victims of historical abuse.
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NewsThe Cotswold Company being prepared for sale
The Cotswold Company is being prepared for sale by its private equity owners, according to reports.
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Opinion‘The Labour Party Conference offered moments of political clarity and economic ambiguity’
The Labour conference in Liverpool shows that some of retail’s demands are breaking through to government, writes Helen Dickinson. But it also reveals that Labour’s priorities lie in fighting off the rise of Reform, not focusing on business
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AnalysisThe fight before Christmas: Tesco boss Murphy gears up for a very festive price war
In the looming shadow of a late autumn Budget which is filling businesses and consumers with dread, Tesco boss Ken Murphy is also predicting a price war before Christmas.
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NewsNew Deliveroo CEO named after DoorDash deal completes
The founder of Wolt, a business acquired by DoorDash in 2022, has been named as the new chief executive of Deliveroo, after its acquisition by American giant DoorDash was completed yesterday.
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NewsTesco ups profit outlook, helped by warm weather and price cuts
Britain’s biggest grocer posted a 4.3% like-for-like sales increase in the first half of its financial year, with growth across all of its markets.
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NewsTopps Tiles achieves ‘another year of record turnover’
Topps Tiles has seen another year of record turnover as it continues to make strategic progress to improve performance.
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NewsGreggs sees sales rise despite ‘challenging market’
Food-to-go retailer Greggs has recorded a sales uplift, in what it says is “progress in a challenging market”.
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NewsCard Factory looks ahead to festive season after first half profits slump
Card Factory is anticipating strong trading through the coming peak festive season, after profits slumped in the first half of its financial year.
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NewsAsos improves profits despite drop in sales
Pureplay fashion retailer Asos has said it expects profits to be at the lower end of its guided range, despite sales coming in below expectations, as it enters the “final phase of its transformation.”
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Analysis‘Like a bomb threat’ – Co-op looks forward as it grapples with cyber attack fallout
Bruised, battered, but unbowed, Co-op’s group chief executive Shirine Khoury-Haq and her c-suite fronted up to the damage wrought by the cyber attack, and their plans for the business to come back better
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NewsNimbler H&M sees profits rise in third quarter
Sales in local currencies increased 2% in the three months to August 31, 2025 compared to 2024, despite a store closure programme.
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NewsCo-op swings to a loss as full impact of cyber-attack revealed
C-store specialist Co-op has reported falling sales and a plunge into the red, after reporting the cyber attack impacted profitability, disrupted trading and heaped on additional costs.