All City & finance articles – Page 96
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NewsMatalan hunts for buyer as Joules credit insurer pulls cover
Matalan has hoisted the ‘for sale’ sign as the value fashion firm grapples with inflationary pressures.
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Opinion‘Asda is hitting the road in convenience retailing – the £600m Co-op deal proves it’
Both Asda and the Co-op have gained from the sale of the latter’s petrol forecourts to the big-four grocer, but one looks more likely to benefit in the long term than the other, writes Hugh Radojev
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NewsEG Group profits slump as cost of living and inflation take their toll
EG Group profits for the second quarter slumped, despite surging sales, as the cost-of-living crisis and inflationary environment took their toll.
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NewsTruss plans to cut business rates in face of energy crisis
Conservative leadership candidate Liz Truss has been in talks with industry lobbyists over plans to slash business rates
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Retail VoiceTop three tips for dealing with post-Covid rental woes
From being open and transparent to having a well-thought-out forecast, there are certain key factors to keep in mind when undergoing discussions around the Covid Rent Arrears Arbitration scheme, writes FRP’s Phil Reynolds
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NewsRevolution Beauty share trading suspended as results delayed
Trading in shares of AIM-listed Revolution Beauty is to be suspended this week
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NewsNext investment in Joules in doubt following profit warning
A potential investment by Next in embattled fashion retailer Joules may not go ahead in the wake of the latter’s most recent profit warning
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NewsUpdated: Asda frontrunner to buy Co-op forecourts business
The Co-op is in talks to offload its forecourts business for about £450m to cut debt and improve its balance sheet.
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NewsPaperchase eyed up by retail entrepreneur Steve Curtis
Retail entrepreneur Steve Curtis is leading a consortium to purchase stationery chain Paperchase.
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NewsIceland expects profit hit as higher energy costs bite
Iceland anticipates a hit to earnings this financial year as the soaring cost of energy takes a toll but said it is well positioned to weather tough trading conditions
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NewsAsda hails impact of price investments despite slide in sales
Asda has suffered a slide in sales during its second quarter but insisted its investments in price are driving positive momentum heading towards the crucial festive period
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NewsSenior director exits embattled Made.com as it considers capital raise
The senior independent director at troubled Made.com has left the retailer just one day after it said it may need to raise new financing.
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NewsRevolution Beauty warns of stock trading suspension amid audit turmoil
Revolution Beauty has warned that its shares could be suspended from the start of next month due to delays in the audit of its full-year financial results.
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NewsJoules issues profit warning as hot weather scorches sales
Joules has issued a profit warning for its full year after unseasonably hot weather hit full-price sales.
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NewsSelfridges’ new owners unveil omnichannel ambitions as £4bn deal completes
The new owners of Selfridges intend to create “the world’s leading luxury omnichannel platform” following the completion of the takeover, understood to be valued at £4bn.
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InterviewAnalysis: John Roberts on putting spark back into AO, price pledges and third-party deals
AO boss John Roberts tells Retail Week how he plans to turn the business around with a new streamlined, profit-centric strategy
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NewsBoohoo makes major investment in Revolution Beauty
Boohoo has made a “strategic investment” in Revolution Beauty as part of a beauty push.
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NewsWatches of Switzerland sales surge as luxury demand ‘remains robust’
Watches of Switzerland has posted a spike in sales and unveiled plans for a new London flagship as demand for its luxury products “remains robust”.
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NewsTed Baker accepts fresh £211m takeover bid from Authentic Brands
Ted Baker has accepted a £211m takeover bid from Reebok owner Authentic Brands, ending months of speculation about its future.
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NewsMarks Electrical bucks ‘challenging market’ trend to grow revenues
Pureplay retailer Marks Electrical has reported “strong trading” in the first four months of the year, bucking the weakening trend in the electricals market.