Latest finance news – Page 118
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NewsFMCG giant Unilever set to slash thousands of jobs worldwide
Maker of Marmite and Dove soap Unilever is set to slash thousands of jobs around the world a week after its failed $50bn (£37bn) bid for the health division of a rival.
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NewsMorrisons kicks off search for new boss following CD&R takeover
Morrisons’ owners, private equity firm Clayton, Dubilier & Rice (CD&R) have launched a search for a new boss as current chief executive David Potts stated he would step down in about two years.
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NewsThe Works upgrades outlook as first half losses narrow
The Works has upgraded its EBITDA outlook for the 2022 financial year, after reporting narrowing losses in the first half of the year.
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NewsWHSmith shareholders revolt over executive bonuses
WHSmith has been hit by a shareholder revolt over plans to pay a £550,000 bonus to its chief executive Carl Cowling.
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NewsSuperdry swings to profit as it hails ‘signs of recovery’
Superdry has swung to a half-year profit and hailed “clear signs of brand and financial recovery” despite suffering a fall in sales.
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NewsPrimark posts festive sales gains but lags pre-pandemic levels
Primark has registered a spike in sales during the crucial Christmas trading period but lagged behind pre-pandemic levels.
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NewsIceland freezes prices on £1 value range to ease cost-of-living crunch
Iceland has vowed to freeze the price of more than 60 of its £1 value lines to ease the cost-of-living crunch piling pressure on its customers.
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NewsIn The Style and Burberry deliver festive sale upticks
Luxury fashion operator Burberry has delivered a rise in festive sales driven by full-price demand, while value etail operator In The Style has relied on discounting to bolster sales of delayed ranges over the Christmas period.
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NewsWHSmith Christmas sales slide as retailer eyes travel sales resurgence
WHSmith has recorded a fall in sales over the Christmas trading period but has stressed it does not expect the Omnicron variant to derail its travel sales recovery.
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NewsHotel Chocolat nudges up profit forecast after festive sales rise
Hotel Chocolat expects full-year earnings to come in just ahead of expectations after sales rose over Christmas.
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NewsThe Hut posts record sales of more than £2bn after strong final quarter
Online retailer and tech group THG – The Hut – has reported full-year sales of more than £2bn after “significant growth” over the peak trading period.
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NewsAsda owners the Issa brothers eye up Boots
Entrepreneurs Mohsin and Zuber Issa, the owners of Asda, are considering acquiring health and beauty giant Boots which has been put up for sale by Walgreens.
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NewsFortnum & Mason hails strong Christmas but swings to first loss in over a decade
Fortnum & Mason has reported a strong Christmas trading period after Covid restrictions and store closures caused it to swing to its first full-year loss in 12 years.
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NewsQuiz grows festive sales despite slump in online demand
Quiz has posted a jump in Christmas sales as customers flocked back to its stores and concessions at the end of last year.
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NewsCurrys golden quarter sales slip in ‘softer’ electricals market
Currys has nudged down its profit guidance after suffering a decline in sales during the crucial Black Friday and Christmas trading period.
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NewsJD Sports boss Peter Cowgill nets £21m after selling half his shares
JD Sports executive chair Peter Cowgill has sold 10 million of his shares in the sporting goods retailer, over half of his shareholding.
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NewsHalfords and Poundland post golden-quarter growth
Halfords and Pepco, which owns Poundland, have both reported quarterly sales growth despite ongoing challenges presented by the pandemic.
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NewsAsos festive sales increase despite ‘challenging’ market conditions
Asos has posted an uplift in Christmas sales across the UK and US, but interim boss Mat Dunn flagged that supply chain issues drove “heightened clearance activity” over the festive period.
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NewsTesco upgrades profit guidance as festive sales rise
Tesco has reported an uplift in sales over the Christmas period as its share of customer grocery spend online and in store hit a four-year high.
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NewsM&S Christmas sales climb amid ‘robust’ clothing and home demand
Marks & Spencer boss Steve Rowe has hailed a “strong” uplift in Christmas sales across all divisions as the retailer’s clothing and home sales increased for the second successive quarter.