All City & finance articles – Page 99
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NewsAO slashes profit guidance as product shortages batter festive forecasts
AO has swung to a loss and slashed its full-year profit guidance after ongoing supply chain disruption and the HGV driver shortage battered its golden quarter expectations.
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NewsUS private equity firm eyes M&S with Rowe’s exit on the cards
US private equity firm Apollo Global Management has been mulling making a move on Marks & Spencer.
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NewsKingfisher sales dip as customer spend ‘normalises’
Kingfisher has reported a slight drop in sales year-on-year as consumer spending balances out post-pandemic.
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DataData: Consumer confidence rises as shoppers gear up for Black Friday deals
Consumer confidence grew in November despite increased concerns of sky-high inflation rates.
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NewsNaked Wines returns to profit as it stockpiles booze ahead of Christmas
Naked Wines has bounced back into the black and increased its stock levels as the pureplay prepares for its “largest holiday season” to date.
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NewsThe Works counts ‘significant’ supply chain costs as sales rise
The Works has racked up “significant additional costs” to shore up its supply chains for the crucial golden quarter but insisted full-year profits will be in-line with market expectations.
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NewsTed Baker boss heralds turnaround plan as sales surge
Ted Baker has reported narrowing losses and a jump in group revenues as boss Rachel Osborne hailed the retailer’s transformation plan for turning the business around.
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NewsWHSmith losses narrow as retailer forecasts return to profitability in 2022
WHSmith has reported narrowing losses and forecasts a return to profitability next year as improving travel trends drove a sales recovery.
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NewsB&M profits slip as boss Arora warns of challenging second half
B&M delivered a slip in profits but a jump in group revenues as boss Simon Arora flagged the challenges facing the retail industry heading towards the crucial Christmas period.
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Opinion‘M&S – how Norman and Rowe are turning a great institution into a great business’
The leadership of Marks & Spencer will not rest on pleasing short-term profits but they are proof that their strategy is working, writes George MacDonald
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NewsMarks & Spencer profits climb as food sales surpass pre-pandemic levels
Marks & Spencer has reported a return to profit in its half-year results and upgraded its full-year outlook as boss Steve Rowe heralded “the hard yards” of its ongoing transformation as the driving force behind its strong performance.
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Opinion‘Currys’ strangers to friends strategy looks like a recipe for success’
Data has long been mooted as the key to customer loyalty, but Currys intends a personal and personalised strategy to set it apart from its competitors.
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NewsHalfords updates outlook as profits and sales surge
Halfords has reported strong growth in both its retail and autocentre divisions, prompting the retailer to upgrade its full-year profit forecast.
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AnalysisMorrisons deal: What the landmark takeover means for British grocery
After four months of back-and-forth bidding, the private equity battle for grocery giant Morrisons has finally been settled.
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NewsPrimark leans into homewares after successful trial in Birmingham
Primark is set to roll out a dedicated homewares space in 40 stores after a successful trial in its Merry Hill store in Birmingham.
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NewsGymshark founder quashes ‘imminent’ IPO plans despite soaring revenues
Gymshark chief executive and founder Ben Francis has quashed rumours of an upcoming stock market flotation, despite doubling sales year on year.
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NewsWatches of Switzerland ‘bullish’ about Christmas success after year of disappointment
Watches of Switzerland have recorded soaring sales across all markets in which it operates and is gearing up for a blockbuster Christmas.
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NewsPrimark plans more store openings as profits rise
Primark owner Associated British Foods is seeking to grow the retailer’s store estate as it delivered a profit in the midst of pandemic disruption.
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NewsJD Sports to launch investigation into covert filming of chairman
JD Sports have begun an investigation into who was behind the filming of a meeting between the company’s chair Peter Cowgill and Footasylum boss Barry Bown at a car park in July.
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NewsAngling Direct websites closed amid cyber security ‘incident’
Specialist retailer Angling Direct’s websites have been hit by a “cyber security incident”.