All City & finance articles – Page 78
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NewsPhase Eight owner poised to snap up Joules
Foschini, the owner of fashion retailers Phase Eight, Hobbs and Whistles, is close to buying bust counterpart Joules from administrators.
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NewsHotel Chocolat pins hopes on stores in tough trading conditions
Hotel Chocolat bosses hope the resurgence of stores will help it navigate tough conditions following a year of restructuring.
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NewsH&M to cut 1,500 jobs amid tough retail conditions
Fashion giant H&M is to axe 1,500 roles as it seeks efficiencies and consumers watch their spending as the cost-of-living crisis bites.
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NewsMulberry swings to loss in face of increased costs
Global handbag and accessories retailer Mulberry has swung to a loss as it grapples with factors such as the end of government Covid-19 support and the cost-of-living crisis.
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NewsSuperdry confirms £70m refinancing loan talks
Superdry has confirmed it is in talks to borrow up to £70m from Bantry Bay Capital.
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NewsBoohoo more than doubles Revolution Beauty stake to become largest shareholder
Boohoo has more than doubled its stake in embattled cosmetics specialist Revolution Beauty to become its biggest shareholder.
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NewsSuperdry closes in on refinancing deal with Elliott Advisors
Superdry is close to striking a refinancing deal with the UK arm of activist investor Elliott Advisors.
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NewsMade.com: Unsecured creditors and suppliers to get just 2% of £187m owed
Hundreds of unsecured creditors to Made.com will receive less than 2% of the £187m owed to them by the collapsed homewares business.
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NewsDr Martens profits slip despite sales gains
Dr Martens has suffered a decline in profits despite delivering double-digit sales growth, as it ramps up investment in new stores, marketing and people.
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NewsKingfisher inches down profit guidance amid rising wages and energy bills
Kingfisher has shaved £10m from the upper end of its profit guidance in the face of rising wages and energy bills.
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NewsHalfords hails resilient performance despite profit slump
Halfords boss Graham Stapleton has hailed his business’ resilience in the face of the cost-of-living crisis, despite underlying profit falling in the first half.
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NewsPets at Home profits fall due to increased costs of energy and freight
Pets at Home has blamed rising energy and freight costs for a slump in profit before tax, but has not changed its full-year guidance as customer levels remain strong.
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NewsJoules makes senior team redundancies following administration
Embattled fashion brand Joules has made several senior directors redundant, just a week after it collapsed into administration.
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NewsAO hails ‘solid’ progress despite widening losses
AO has hailed “solid progress” in its plan to focus on profitability over growth, despite suffering widening half-year losses.
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OpinionGraham Bell: ‘Retailers have as big a role as government in tackling cost-of-living crisis’
Retailers are undoubtedly operating in an ongoing challenging environment, with consumers facing the challenges of the increased cost of living against the backdrop of a looming recession.
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NewsIceland founder Sir Malcolm Walker rebuffs takeover interest
Walker has seen “frequent approaches” for the chain and opportunistic investors buying its debt at a discounted rate
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NewsWilko in talks to secure £30m emergency loan
Wilko is on the hunt for a £30m cash injection as crippling cost pressures intensify in the run-up to Christmas.
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NewsTesco offers staff pay advances to help with cost-of-living crisis
Supermarket giant Tesco is offering staff advances in their pay to help them navigate key debt deadlines amid the ongoing cost-of-living crisis.
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NewsJoules collapses into administration putting 1,600 jobs at risk
Fashion retailer Joules has collapsed into administration just days after talks over financing broke down putting 1,600 jobs at risk.
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NewsCard Factory upgrades profit outlook as sales climb
Card Factory has raised its profit forecast for the full year following “stronger than expected” sales.