Latest finance news – Page 115
-
NewsBritish Land and Landsec seek £800m shopping centre swap
UK landlords British Land and Landsec are looking into an £800m asset swap in a bid to revive their respective share prices.
-
NewsBoots bidders assemble for £7bn takeover
Bidders for high street chemist Boots are set to meet with bosses this week as the takeover race intensifies.
-
NewsPrivate equity firm Sycamore eyes Ted Baker takeover
US-based private equity firm Sycamore Partners has confirmed it is in the “early stages of considering” a bid for embattled fashion retailer Ted Baker.
-
NewsTM Lewin tumbles into administration as homeworking takes toll
Menswear retailer TM Lewin has tumbled into administration for a second time since the pandemic began, blaming working from home for lack of demand.
-
NewsDeliveroo losses widen despite soaring revenues
Deliveroo reported that losses had widened in its full-year results, with the delivery app vowing to break even in around two years’ time.
-
NewsFashion giant Inditex warns of price rises as inflation hits
Zara owner Inditex has introduced price rises across its different brands in line with cost inflation.
-
NewsZara owner Inditex posts sales and profits surge
Inditex, owner of businesses including Zara, has reported rocketing annual sales and profits.
-
NewsVirgin Wines counts cost of new customer acquisitions as profits fall
Virgin Wines has reported a slight decline in both profits and sales as it invests in new customers and its subscription business.
-
NewsDFS sales and profits drop against lockdown boom
DFS has reported a decline in sales and profits compared with strong comparables during the lockdown period last year.
-
NewsMorrisons finance boss Gleeson departs following takeover
Morrisons chief financial officer Michael Gleeson is stepping down from the business following its takeover by US private equity firm Clayton, Dubilier & Rice (CD&R).
-
NewsLush stores remain open in Russia as Uniqlo U-turns and suspends operations
Lush stores will continue to operate under a longstanding franchise partner with a Russian licensee, despite the ethical retailer halting supplies and online sales in the country.
-
NewsM&S boss Rowe steps down as Machin and Bickerstaffe take reins
Marks & Spencer chief executive Steve Rowe is stepping down from the business after six years and will be replaced in the top job by food boss Stuart Machin.
-
NewsBoohoo sales rise as international business returns to growth
Boohoo has reported an uptick in sales, just days after Sir Brian Leveson made his final report to the board concerning the retailer’s supply chain overhaul.
-
NewsJohn Lewis restores staff bonus and ups pay as turnaround strategy gathers pace
John Lewis has reinstated its staff bonus package after the business delivered rising sales and profits this year.
-
NewsGreggs boss Whiteside refuses to rule out price rises as inflation deepens
Greggs boss Roger Whiteside has said it would be “irresponsible” to rule out further price rises on products and warned inflation could hit 6% or 7% this year as ingredients and energy prices skyrocket.
-
NewsD2C butcher Farmison eyes growth as investor snaps up stake
Online butcher Farmison & Co intends to accelerate growth after investor Inverleith acquired a majority stake in the business.
-
NewsExclusive: M&S makes strategic investment in activewear platform The Sports Edit
Marks & Spencer has bought into activewear platform The Sports Edit as it builds its digital operations and strengthens its presence in the fast-growing category.
-
NewsMade.com losses widen amid ongoing supply chain challenges
Made.com’s losses widened as the furniture retailer reported in its full-year results that it was “adversely affected by industry-wide global freight inflation and supply chain disruption”.
-
NewsHotel Chocolat on a high as profits outstrip sales growth
Hotel Chocolat has hailed another strong trading period for the business despite wider inflationary pressures as profit grew faster than sales growth.
-
NewsWaterstones acquires independent bookseller Blackwell’s
Waterstones has snapped up Blackwell’s, the UK’s largest independent bookseller, for an undisclosed sum.