All City & finance articles – Page 73
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NewsM&S boss calls on government to slash red tape in Budget
Marks & Spencer chief executive Stuart Machin has called on the government to conduct a strategic review of legislation and its implementation to alleviate the burden on retailers.
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NewsAsda’s Issa brothers launch £8.6bn property review as it seeks to cut debt
Asda owners the Issa brothers have launched a review of its £8.6bn property estate as they seek to bring down debt levels.
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NewsRetailers reassure on financing following Silicon Valley Bank collapse
Retailers have reassured investors that operations and trading will be unaffected by the crisis at Silicon Valley Bank’s UK arm.
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NewsSuperdry hires advisers to cut costs after tough trading periods
Superdry’s founder and chief executive Julian Dunkerton has hired Interpath Advisory to help aid cost-cutting plans following a prolonged period of tough trading and profit warnings.
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Opinion‘How to recover cost inflation while continuing to offer value to customers’
Grocers must walk a tightrope of managing their own inflationary pressures to preserve margins while continuing to win customers, says Alvarez & Marsal’s Erin Brookes
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NewsMango profits surge and turnover reaches record high
Mango has posted a strong full-year performance for 2022, as profits surged and turnover reached a record high for the fashion retailer.
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NewsMusic Magpie profits fall despite record Black Friday sales
Music Magpie has reported falling profits despite a record Black Friday trading week and more than doubling its rental subscribers year on year.
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NewsHotel Chocolat profits and revenue fall as international sales suffer
Hotel Chocolat has posted a fall in profits and revenue in its first half as strong UK sales were offset by plummeting international sales.
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NewsZalando sales and profits slow against ‘challenging economic backdrop’
Online fashion giant Zalando has said it will focus on growing its profitability this year after sales slowed against a “challenging economic backdrop” in 2022.
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NewsIn The Style sold following strategic review
Online fashion retailer In The Style is to be sold for £1.2m after a strategic review.
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NewsGreggs sales and profits rise on back of ‘good strategic progress’
Greggs has reported a strong full-year performance after making “good strategic progress” and record store openings.
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NewsTed Baker owner ABG joins race to buy boots brand Hunter
The owner of Reebok and Ted Baker has joined the race to buy Royal Warrant-holding Wellington boot brand Hunter, according to Sky News.
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NewsJohn Lewis puts golf course on market to cut costs
The John Lewis Partnership has put a 200-acre golf course up for sale as part of a drive to cut costs.
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NewsPrimark trades ‘well ahead of expectations’ as footfall climbs
Value fashion giant Primark “traded very well” in the first half, parent company ABF has reported.
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NewsLush in legal dispute with former CEO over shares transfer
Investment firm Silverwood Brands, headed by former Lush chief executive Andrew Gerrie, has accused the cosmetics retailer of failing to acknowledge a 19.8% transfer of shares.
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NewsShein projects doubling of revenues by 2025
Fast fashion retailer Shein has predicted its revenue will more than double to reach almost $60bn (£49.8bn) by 2025.
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NewsCath Kidston owner considering sale
Cath Kidston may be up for sale for the second time in less than a year.
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NewsBoohoo unveils new growth plan as it chases £5bn market cap
Pureplay fashion giant Boohoo has unveiled a new growth share plan in the wake of a “significantly decreased market capitalisation”.
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NewsMorrisons’ credit rating downgraded by Moody’s
Morrisons’ credit rating has been downgraded by Moody’s following poor sales and profits.
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Opinion‘Does Tile Giant administration signal the end of the DIY boom?’
After a phenomenally busy period when everybody became Handy Andy or Andrea and painted the walls rather than climbed them during the depressing days of lockdowns, things are looking trickier as the consumer mentality shifts from DIY to done-IY.