All City & finance articles – Page 6
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NewsPoundland overstated sales by £60m before it was sold for £1
Numerous balance sheet errors were revealed during a review of Poundland during its acquisition by Gordon Brothers last year.
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NewsLoaf founder bought out by River Island’s Lewis family investment fund
Loaf founder Charlie Marshall, who began the business in 2008, has sold his share of the business to the Lewis family’s Blue Coast Capital.
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AnalysisWhere to next for JD Sports as it loses its footing at home and abroad?
After trimming its profit outlook for the full year, analysts and insiders worry it’ll be an uphill battle for JD Sports to get back on firmer footing.
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Opinion‘Poundland should go for more than £1 this time around’
A back-to-basics turnaround looks as if it’s paying off for Poundland, believes George MacDonald
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NewsPoundland reports big earnings improvement amid potential sale talks
Value specialist Poundland has achieved “positive EBITDA” as it prepares to open its first new branch in two years, Retail Week can reveal.
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NewsJD Sports trims profit outlook as sales slump across key markets
JD Sports has trimmed its full-year profit outlook this morning (August 20), citing weak consumer demand as sales fell across key markets, including the UK and the US.
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NewsSummer feel-good factor continues as consumer confidence improves
The UK public is increasingly likely to think the economy will improve, according to the latest Opinium-BRC survey, with the retail body saying the Burnham administration was enjoying a “honeymoon boost”.
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NewsLandsec close to £500m deal for Gateshead Metrocentre - reports
Landsec is close to a deal for what was once Europe’s largest shopping centre, but may need to go to shareholders to find funding, The Times has reported.
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NewsAngling Direct posts strong sales increase during store expansion push
Revenue at the specialist fishing retailer increased by 5.1%, with UK trading up by 6.9% during the six months ending July 31, 2026
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NewsPoundland owner weighs up sale a year after takeover
Poundland owner Gordon Brothers is understood to be considering a sale of the discount chain just over a year after taking it over.
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NewsThe Works’ investor encourages shareholders to vote in new director
The Works’ third-biggest shareholder has encouraged shareholders to vote for a new director at its AGM, after the board recommended a vote against.
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NewsMorrisons debt burden grows at year-end
Morrisons’ debt climbed in its last reported financial year, company filings have revealed.
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NewsFrasers acquisition of Harvey Nichols imminent
Tycoon Mike Ashley’s Frasers Group is poised to buy the famous department store group Harvey Nichols as early as today.
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AnalysisThe challenges of defining a 'misleading' discount
As part of his “everyday fixes” announced this week, Andy Burnham revealed that the government would be cracking down on misleading discounts, with a consultation launched to look at whether fake “was” prices, invented discounts, and misleading recommended retail prices (RRPs) should be added to the list of banned practices under the DMCCA consumer protection law.
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NewsFenwick slashes losses as transformation strategy kicks in
Department store group Fenwick has cut full-year losses by 40% in the first year of a transformation programme, Retail Week can reveal.
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NewsHarrods back in profit
The luxury London department store chain recorded a pre-tax profit of £84.9m in the year ending January 31, according to a Sky News report
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Opinion‘The ‘laminated book of dreams’ may be long gone, but Argos retains a place in shoppers’ hearts’
A dedicated ownership team, strong heritage and sound sales base stand Argos in good stead as it prepares for a new chapter independent of Sainsbury’s, believes George MacDonald
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NewsFrasers Group reportedly frontrunner in City real estate deal
Sky News reported that the retail business is leading a race to acquire the 195,000 square foot Worship Street Estate from the City of London Corporation
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NewsJohn Lewis chair warns profits being squeezed by ‘tough’ trading conditions
John Lewis chair Jason Tarry has said in an interview with the company’s internal magazine that the department store chain would be facing a situation where it “will trade into lower sales and higher costs”.
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NewsWarm weather helps Next beat sales forecast again
Next reported a 9.2% full-price sales increase in the 13 weeks to August 1, £70m ahead of what it had forecast for the second quarter.