All City & finance articles – Page 77
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NewsCBI faces calls to disband as retailers exit en masse
The crisis at the Confederation of British Industry (CBI) deepened over the weekend as retailers joined other businesses in cutting ties amid calls the lobbying group should be disbanded.
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NewsAsos targeted by ‘dark destroyer’ short-seller ShadowFall
Embattled pureplay fashion brand Asos has been targeted by a renowned short-seller, which believes the retailer will be forced to raise more cash from shareholders.
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NewsExclusive: Ex-Asda boss Clarke stages Farmison rescue deal
A consortium led by former Asda chief executive Andy Clarke has bought online grocer Farmison out of administration and is aiming to rebuild the business.
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NewsKelso increases stake in THG as it praises nutritional business
Private equity firm Kelso Group Holdings has acquired further shares in THG as it praised “the significant intrinsic value of the nutrition business”.
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NewsMulberry credits ‘improvement’ in revenue to UK and China performance
Mulberry has reported full-year trading “in line with expectations” with group revenue “slightly ahead of last year”, according to the fashion retailer.
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NewsPoundland owner’s sales climb as it navigates ‘challenging environment’
Poundland parent Pepco has reported a rise in second-quarter sales as it successfully steers its way through a “challenging environment”.
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NewsDunelm sales rise despite ‘unpredictable’ outlook
Dunelm has reported an increase in sales in its third quarter despite warning of an “unpredictable” customer outlook.
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NewsProCook revenues drop as it battles tough trading conditions
ProCook has reported falling fourth-quarter revenues as it dealt with “challenging and unpredictable” trading conditions.
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NewsBensons for Beds kicks off new store opening drive
Bensons for Beds is to open 40 new stores over the next two years, following strong sales in the quarter to the end of March.
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NewsHalfords targets long-term growth as it hails unique platform
The motoring and cycling retailer issued a roadmap for its mid- to long-term growth as it plans to focus on “leveraging the unique platform” that differentiates it from competitors.
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NewsTHG enjoys sales growth but misses downgraded earnings guidance
THG has reported an increase in revenue but missed its downgraded EBITDA expectations.
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NewsTHG shares surge off the back of private equity buyout approach
THG shares have surged after the retailer confirmed it received “a highly preliminary and non-binding indicative proposal” for a buyout from private equity firm Apollo Global Management.
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NewsQuiz sales soar as it hails ‘increased consumer demand’
Quiz has reported a 17% increase in revenue to £91.7m in the 12 months ending March 31.
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Opinion‘CEOs face the challenge of staying true to a long-term vision amid uncertainty’
Ahead of the World Retail Congress, Spencer Stuart’s Sally Elliott assesses the changing demands on retail chief executives and how effective succession planning can best position companies for success
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News‘Speed is of the essence’ for Superdry as it mulls equity raise
City analysts have warned Superdry that “speed is of the essence” if it wants to survive after the fashion retailer issued a profit warning and announced it was exploring an equity raise of 20% earlier today.
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NewsDr Martens issues profit warning as LA distribution centre increases costs
Dr Martens has issued a profit warning for 2023 as ongoing issues with its LA distribution centre meant costs were “higher than initial estimates”.
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NewsAO raises profit guidance again as it recovers from struggling market
AO has issued a trading update that shows increased profit guidance ahead of the release of its full-year results in July.
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NewsLVMH enjoys sales boom in ‘excellent start’ to the year
Luxury goods conglomerate LVMH has posted an “excellent start” to its financial year as sales boom in its first quarter despite trading in a “geopolitical and economic environment which remains uncertain”.
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NewsHolland & Barrett weighs up last-minute Planet Organic bid
Holland & Barrett, which is owned by Russian-linked investment group LetterOne, may be in talks to acquire struggling grocery chain Planet Organic and other assets, Sky News has reported.
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NewsTesco expects flat profits amid soaring inflation pressures
Tesco has posted a fall in profit for the full financial year and forecasts flat profits in FY 23/24 as a result of “unprecedented levels of inflation”.