All City & finance articles – Page 8
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NewsGucci sales drop as luxury retail slump continues
Gucci sales dropped by 25% year on year in the second quarter as a challenging period for the world’s high-end retailers continues.
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AnalysisHas the UK reached peak Greggs?
After wilting in the unseasonable summer heat, and with investors questioning the brand’s direction, the food-to-go specialist’s boss Roisin Currie remains vehement that the UK hasn’t hit peak Greggs
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NewsCard Factory acquires Funky Pigeon from WHSmith
Card Factory has agreed to buy online greetings card business Funky Pigeon from WHSmith.
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NewsGreggs reports profit fall in challenging market
Food specialist Greggs has posted a fall in first-half profits as tough trading conditions and costs took a toll.
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NewsAldi becomes first UK supermarket to top staff pay at £13 an hour
Discounter Aldi is set to become the first UK supermarket to pay all of its frontline staff at least £13 an hour.
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NewsConfidence falls as consumers sense ‘stormy conditions ahead’
The British public is cautious about what’s to come when looking at the economy and their personal finances, according to the latest GfK consumer confidence index.
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NewsRiver Island at risk of collapse “within weeks” without rescue plan - report
River Island is set to collapse “within weeks” unless a rescue plan can be agreed with creditors, according to a report in The Telegraph.
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NewsDebenhams “close” to refinancing deal with past department store funder
Debenhams Group is in advanced talks about securing a £175m refinancing package with one of the companies behind the 2003 delisting of the former department store potentially involved, according to a Sky News report.
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NewsWickes sees strong growth as shoppers seek timber and garden fixes
The DIY and home improvement business saw like-for-like retail revenue growth of 6.4% in the six months ending June 28, 2025 vs the year before
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AnalysisBack to basics: how premium homeware retailer Oka is rebuilding after a crisis
Oka chief executive Mark Saunders and chief customer officer Aalish Yorke-Long speak to Retail Week about digital replatforming, store expansion plans and when to stick to your knitting.
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NewsThe Works profits jump as cost saving measures kick in
The Works has reported a jump in profits, despite total sales slipping, as it managed to offset financial headwinds through cost saving and improved margins.
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Opinion‘Unless Amazon wants to remain a bit-part player in UK grocery, an acquisition would be the likely route’
Amazon’s UK grocery presence amounts to a pimple on an elephant’s backside so, if it wants to grow, a deal would be the obvious option, believes Shore Capital’s Clive Black
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NewsHilco ponders pounce on troubled Claire’s
Hilco, the investment business which recently bought Lakeland, is considering an offer for the UK arm of embattled Claire’s.
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NewsRetailer profit warnings speed up in May to June
UK-listed retailers issued seven profit warnings during the second quarter of 2025, double the amount seen in the first three months of the year.
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AnalysisIs the UK on the cusp of a ‘vibecession’?
With inflation climbing, job markets softening and consumer spending cooling despite soaring temperatures, is the UK in a summer ‘vibecession’?
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NewsConsumers to spend big during women’s Euro quarterfinals
Brits are expected to splurge in retail stores as football fever takes over and England’s women gear up to play Sweden in the Euro 2025 quarterfinals.
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NewsMango sales surge despite ‘uncertain macroeconomic and geopolitical environment’
Mango has reported surging sales in the first half of the financial year, despite what boss Toni Ruiz described as the continuingly “uncertain sectorial, macroeconomic and geopolitical environment”.
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NewsMorrisons shaves down debt through further refinancing
Morrisons has today announced it has completed its recent refinancing exercise, paying down or agreeing additional loan terms on over £2bn of debt.
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NewsDFS to beat guidance following ‘strong trading’
Sofas specialist DFS expects annual profits to come in “slightly above the top end of guidance” on the back of trading momentum and cost control.
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NewsDunelm strikes bullish tone as sales rise
Homewares specialist Dunelm has generated a rise in fourth-quarter and full-year sales and said it will “not stand still” in a tough trading environment.