All City & finance articles – Page 9
-
NewsOcado reports earnings growth as it prioritises ‘turning cashflow-positive’
Technology and online grocery group Ocado has posted a surge in first-half earnings and is focused on becoming cashflow-positive next year.
-
NewsFrasers Group profits rise but Budget costs pose challenge
Frasers Group has reported an increase in annual profits but earnings in the new financial year may be slightly different as the retailer confronts extra costs.
-
NewsSosandar: M&S cyber-attack blackout cost us £800,000 in lost sales
The cyber-attack on Marks & Spencer and subsequent ecommerce website blackout cost fashion partner Sosandar £800,000 in revenue.
-
NewsSosandar moderates growth expectations due to M&S cyber incident
The fashion retailer says that lower revenue through M&S and a decision to halt new store openings means they are taking a “prudent view” and cutting sales expectations for this year by £2.6m.
-
NewsRetail sales heat up as temperatures soar
The BRC-KPMG Sales Monitor, produced by the British Retail Consortium and KPMG, indicates that total retail sales in the UK have increased by 3.1% year on year in June, measured against a decline of 0.2% last year.
-
NewsSpace NK close to being acquired by US beauty chain
UK high street retailer Space NK is close to being sold to a US-listed beauty chain, more than a year after bankers were first hired to auction the chain.
-
Opinion‘If cyber criminals strike, you’d better know how to use pen and paper’
There was great news today as suspects were arrested over cyber attacks on retailers. But there’s no doubt such attacks will continue and there were practical cyber crime takeaways for retailers from this week’s select committee hearing, where M&S directors shared their experience
-
NewsDr Martens holds firm on guidance despite ‘challenging’ UK market
Ahead of its annual general meeting, footwear retailer Dr Martens said it is trading “in line with expectations” so far during this financial year and confirmed that all guidance for the 2026 financial year remains unchanged.
-
NewsThe Cotswold Company sales rocket in ‘milestone year’
The Cotswold Company has posted record sales growth and has more than doubled profits in what it described as a “milestone year” for the business.
-
NewsShein puts pressure on UK as it files for IPO in Hong Kong
Shein has reportedly filed for an initial public offering (IPO) in Hong Kong as it puts pressure on UK regulators to approve its London listing.
-
NewsMaternitywear brand Seraphine enters administration
Maternitywear retailer Seraphine has entered administration, with the majority of its 95 staff being made redundant.
-
NewsFootasylum hails ‘standout’ year as profits and sales surge amid ongoing growth
Sportswear retailer Footasylum has hailed the success of its “standout performance” for the full year as profits and sales surged amid the retailer’s ongoing growth trajectory.
-
NewsApple’s corporation tax surges following £1bn profit milestone
American tech group Apple has seen its corporation tax in the UK surge after it exceeds £1bn in profits.
-
NewsBensons for Beds reports losses but its on track for ‘significantly improved’ performance
Bensons for Beds has reported a loss as it continues to battle “market headwinds and inflationary cost pressures”.
-
NewsFrasers Group bags ‘substantial’ increase to credit facility
Frasers Group has entered into a new term loan and revolving credit facility, bolstering its existing financing facilities to fuel future growth.
-
AnalysisCurrys completes turnaround phase as it looks to power ahead
Currys has beaten its annual profit expectations and resumed its dividend payments to shareholders as boss Alex Baldock and co have put their turnaround phase behind them.
-
NewsCurrys results show “strongest balance sheet in a decade”
The electricals retailer reported £162m in group adjusted profit before tax in the year ended May 3, 2025, a 37% increase year on year.
-
AnalysisHot or not: Are soaring temperatures really behind Greggs’ unexpected profit warning?
In unexpected news today, high street food-to-go expert Greggs today issued an unexpected profit warning. Is the heat wave really to blame, or is there more than just weather at play?
-
NewsSuperdrug profits rise as sales grow across stores and online
Health and beauty retailer Superdrug has reported a rise in profit accompanied by a growth in sales across stores and online channels.
-
NewsTrade customers power Topps Tiles revival
Topps Tiles has hailed its “strong trading momentum” and improving sales across the business, as its turnaround efforts gather pace.