Latest finance news – Page 111
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NewsWalmart margins hit as inflationary pressures bite across the pond
Walmart has recorded an uptick in revenues but said its bottom line has been hit by inflation in food and fuel.
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NewsM&S chair Norman warns on food prices and Ireland Brexit red tape
Marks & Spencer chair Archie Norman has signalled the likelihood of higher food prices later this year and lambasted “pointless” rules affecting business in Ireland following Brexit.
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NewsLandsec reports ‘return to growth’ at major retail destinations
Property group Landsec has posted an improved performance from its ’major retail destinations’ portfolio.
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NewsMcDonald’s to quit Russia, ending 30-year presence
Fast-food giant McDonald’s is to sell its Russian business following the country’s invasion of neighbouring Ukraine.
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NewsGreggs sales rise with travel back on the menu
Greggs has said that transport locations have recovered most as it continues to see sales rise.
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NewsWalgreens takes £4bn dividend from UK arm as Boots sale deadline looms
Boots’ US owner Walgreens has extracted $5.3bn (£4.3bn) in dividends from its UK arm.
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NewsMade.com strengthens top team as it issues profit warning
Made.com has called out a “more challenging than anticipated” trading environment in the first half of the year.
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NewsSuperdry in-store sales rebound as online falls back
Superdry has reported a surge in store sales following the lifting of Covid restrictions, which also led to a fall in online revenues.
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NewsJD Sports cautious on outlook despite sales rise
JD Sports sounded a cautious note on prospects as it posted a sales rise at the start of its new financial year.
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NewsDiscount supermarket Motatos to launch in the UK this summer
Swedish online discounter Motatos is set to launch in the UK in June.
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NewsBeauty Bay seeks new options as IPO plans stall
Beauty Bay has hired bankers to advise on other options after scrapping plans to float.
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NewsTesco chair calls for action after lack of help to ease inflation in Queen’s speech
Despite promising to ease the cost of living crisis, no new measures were introduced in the Queen’s speech, after Tesco chair John Allan called for a windfall tax to ease rampant inflation.
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NewsMorrisons prevails in race to snap McColl’s out of administration
Morrisons has beaten off competition from Asda owners the Issa brothers to snap up embattled c-store specialist McColl’s out of administration.
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NewsMade.com acquires Trouva as it ‘accelerates’ marketplace ambitions
Made.com has acquired homewares platform Trouva for an undisclosed sum, in a move that chief executive Nicola Thompson says will “significantly accelerate our growth strategy”.
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NewsMorrisons sweetens last-ditch McColl’s bid following EG Group swoop
Morrisons has upped its initial offer for convenience chain McColl’s in an eleventh-hour attempt to win the chain ahead of rival bidders EG Group.
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NewsRevolution Beauty sales soar as boss hails ‘flight to value’ for cosmetics shoppers
Revolution Beauty has posted a strong uplift in full-year sales and profits, which boss Adam Minto believes will continue as value-conscious shoppers “accelerate” the D2C brand’s growth.
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NewsMcColl’s collapses into administration as EG Group seeks to trump Morrisons’ approach
McColl’s has plunged into administration amid reports that Asda owners the Issa brothers are looking to trump rival Morrisons’ approach to save the c-store specialist.
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NewsMorrisons strikes eleventh-hour deal to save McColl’s from collapse
Supermarket giant Morrisons has swooped in to save embattled convenience retailer McColl’s with an eleventh-hour rescue deal that will preserve the majority of stores and jobs.
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NewsBank of England warns on recession risk and surge in cost of living
The Bank of England has signalled the possibility of a recession later this year when inflation is likely to reach 10%.
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NewsMcColl’s flags likely administration unless funding predicament resolved
Convenience store group McColl’s said the prospect of administration is “increasingly likely” if it cannot find a solution to its funding difficulties.