All City & finance articles – Page 94
-
NewsAmazon posts loss as ecommerce comes under pressure
Amazon has reported a second consecutive quarterly loss, but sales beat expectations despite its online retail business declining.
-
NewsHotel Chocolat’s Japan venture reaches melting point
Hotel Chocolat’s Japanese joint venture has entered into “civil rehabilitation”.
-
NewsMusic Magpie is ‘recession-resistant’, says boss Steve Oliver
Music Magpie founder and chief executive Steve Oliver believes the business is well suited to weather the current economic storm.
-
NewsWickes downgrades profit expectations as cost-of-living crisis bites
Wickes has blamed a softer outlook in some of its key markets and the uncertain macroeconomic outlook after it downgraded its profit expectations for the year
-
NewsJD Sports confident of delivering record profit and sales
JD Sports has said it expects to deliver a second straight year of record profits and revenues despite the ongoing cost-of-living crisis ahead of its AGM later today
-
NewsM&S buys logistics provider Gist for £145m to accelerate transformation
Marks & Spencer has purchased logistics provider Gist as it bids to take control of its end-to-end food supply chain
-
NewsDunelm names Whitbread boss Brittain new chair as sales rise
Dunelm has named Whitbread boss Alison Brittain as its new chair as it posted an increase in full-year sales.
-
NewsOcado losses widen as retail sales slide in ‘challenging’ market
Ocado has suffered widening half-year losses as sales made through its retail business slipped in what it called a “challenging” UK market.
-
NewsFrasers posts surge in profits and increases earnings guidance
Frasers Group has recorded a spike in full-year profits and upped its earnings guidance for its current financial year.
-
NewsAO pulls plug on Tesco shop-in-shop partnership
AO has ended its in-store tie-up with Tesco, closing its shop-in-shops after almost two years.
-
NewsJoules upgrades profit forecast and extends borrowing facility
Joules has said its profits will be slightly ahead of expectations for the year and has secured an extension of its credit facility.
-
NewsMade.com and Hotel Chocolat issue profit warnings
Made.com and Hotel Chocolat have both issued warnings over their profits, with the furniture retailer citing supply chain costs and low consumer confidence while the confectionary business plans a transitional year to focus on its most profitable markets.
-
NewsNext underpaid staff for months after IT problems
Next has apologised to staff after the botched integration of new IT systems caused swathes of its workforce to be underpaid for months.
-
NewsDeliveroo slashes sales forecasts as ‘consumer headwinds’ hinder growth
Deliveroo has slashed its full-year sales forecast as “increased consumer headwinds” slam the brakes on growth.
-
NewsPoundland owner Pepco’s sales soar as it increases store expansion plans
Pepco has upped its store expansion goals for the year to drive further growth.
-
NewsDr Martens sales rise driven by wholesale and retail recovery
Dr Martens has recorded strong sales in the first quarter as its business continued to recover in all areas post-pandemic.
-
NewsSosandar narrows losses as ‘normal trading conditions’ return
Sosandar has narrowed its full-year losses and hailed the return of “normal trading conditions” following the impact of the coronavirus pandemic.
-
NewsJoules drafts in KPMG for help as cost-of-living crisis bites
Joules has drafted in advisors from KPMG to help improve profitability, cash flow and liquidity as the cost of living crisis has leached away consumer demand.
-
NewsApple’s UK stores paid only £800,000 in tax despite surging sales
Apple’s retail division paid just under £800,000 to HMRC, after utilising a stock option scheme loophole to minimise its tax burden.
-
NewsJD Sports appoints Andrew Higginson as new chair
Fashion giant JD Sports has announced the appointment of former Morrisons non-executive Andrew Higginson as the new chair of the group.