Latest finance news – Page 116
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NewsZalando delivers ‘faster than expected’ sales growth
Zalando has posted strong full-year sales and profit growth, fuelled by a rapidly expanding customer base and membership scheme.
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NewsPrimark places bet on bumper summer and sets date for revamped website
Primark has recorded an uptick in sales of summer holiday gear as consumers gear up for a restriction-free season.
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NewsMcColl’s hopes for cash or buyer as profits come under pressure
Convenience store group McColl’s maintained it is optimistic about finding a “financing solution” to its problems following speculation that it was battling to stave off administration.
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NewsPrimark sales rocket as lockdown fades into past
Sales at value fashion giant Primark surged 60% year on year in its first half – when stores remained open, in contrast to Covid closures the previous year.
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NewsAshley slams ‘unfit for purpose’ UK corporate governance after Studio acquisition
Frasers Group boss Mike Ashley has lashed out at both the previous management of Studio and the UK’s corporate governance regime after saving the floundering fashion retailer.
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NewsFarfetch records full-year sales surge and profit growth
Farfetch chief executive José Neves hailed the luxury fashion etailer’s “strong momentum” as the business delivered strong fourth-quarter and full-year sales growth.
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NewsLondon businesses unveil multibillion West End regeneration plan
The Heart of London Business Alliance (HOLBA) has unveiled its West End 2027 plan to rejuvenate the capital’s premier shopping district.
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NewsUpdated: Frasers buys Studio Retail out of administration
Mike Ashley’s Frasers Group has bought Studio Retail out of administration for £26.8m, saving 1,500 jobs.
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NewsStudio formally calls in administrators following cash call crisis
Online retailer Studio has formally drafted in administrators after signalling the likelihood of collapse earlier this month.
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NewsBids for health and beauty giant Boots expected today
Indicative bids for health and beauty giant Boots are expected to be submitted today, it is understood.
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NewsTed Baker eyes new UK store locations as sales rise
Ted Baker has reported accelerating sales, despite the impacts of the Omicron variant over the festive season.
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NewsMonsoon Accessorize goes ‘back to origins’ as it returns to profit post-administration
Monsoon Accessorize has returned to profit, as its turnaround strategy following administration in 2020 bore fruit.
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NewsAsda strike looms as thousands reject pay deal
Asda faces the threat of industrial action as thousands of lorry drivers, warehouse staff and clerical workers voted against a revised pay offer from the grocer.
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NewsMatalan founder Hargreaves loses court battle over tax bill
Matalan founder John Hargreaves has lost a long-running court battle over a multimillion-pound tax bill.
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NewsFormer Morrisons suitor Fortress lines up £5bn bid for petrol forecourt giant
The US private equity giant that failed in a £7bn bid for Morrisons is now setting its sights on petrol forecourts operator Motor Fuel Group (MFG).
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NewsOcado eyes new French partners following Casino joint venture
Ocado has struck a joint venture with partner Groupe Casino that means it can offer its technology to other grocers in France and pick from the group’s stores.
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NewsJD Sports ups profit forecast but delays results to address Footasylum fallout
JD Sports has upped profit expectations but delayed its full-year results so it can address the divestment of Footasylum and complete a governance review.
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NewsCowgill hits back after JD Sports and Footasylum fined almost £5m by CMA
JD Sports has accused the Competition and Markets Authority (CMA) of using “inflammatory language” and reaching misleading conclusions after it handed down a nearly £5m fine to the retailer and Footasylum.
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NewsBoots suitors given until end of the month for fresh bids
Prospective bidders for Boots have been given until the end of the month to place first-round bids in the £7bn battle shaping up for the health and beauty retailer.
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NewsJohn Lewis raises hopes of restoring staff bonus after bumper Christmas sales
The John Lewis Partnership has reignited hopes that it will restore its staff bonus after “fantastic” Christmas sales led it to smash its £100m annual profit target.