Latest finance news – Page 124
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NewsMorrisons shareholders rubber-stamp £7bn CD&R takeover
Morrisons shareholders have rubber-stamped the £7bn takeover of the grocer by Clayton, Dubilier & Rice (CD&R) nearly four months after private equity interest in the retailer first emerged.
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NewsVery Group profits soar as revenues jump to record levels
The Very Group reported surging profits and a record year for sales during the pandemic as the retailer ramps up for a “particularly strong” Christmas.
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NewsMatalan sales improve despite supply chain issues
Matalan has reported improved sales despite the retailer admitting it was “feeling the impact” of the ongoing supply chain issues.
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NewsAsda’s £750m deal to sell forecourts business to EG Group terminated
The Issa brothers have pulled EG Group’s planned acquisition of Asda’s petrol forecourts business.
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NewsSelfridges’ owners in talks with Qatar about potential £4bn sale
Selfridges’ owners the Weston family are reportedly in talks with Qatar about a potential takeover of the iconic department store chain.
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NewsTHG boss Matt Moulding to ditch golden share in bid to restore City confidence
THG boss Matt Moulding will dispose of his golden share in the business he co-founded and apply to move onto the main market of the London Stock Exchange next year.
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NewsBoots' sales climb driven by post-lockdown online surge
Boots recorded an increase in sales in its fourth quarter as lockdown restrictions eased and demand for pharmacy services rose.
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NewsDunelm sales climb against strong comparison
Value homewares group Dunelm has posted a rise in first-quarter sales despite strong comparisons last year.
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NewsPoundland owner posts sales and earnings rise
Pepco, owner of the Poundland value retail chain, has reported a rise in annual sales and profits.
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NewsHalfords poaches former Tesco and Virgin Active finance boss
Halfords has recruited former Tesco and Virgin Active executive Jo Hartley as its new chief financial officer.
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NewsTHG shares tumble as investor crisis meeting backfires
THG’s share price plunged by a third in the hours following its Capital Markets Day yesterday, as the attempt to calm investors’ concerns about the business appeared to fall on deaf ears.
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NewsGymshark eyes potential IPO as valuation soars
Gymshark founder Ben Francis and the brand’s private equity backers have started talks with banks and investors in advance of a potential IPO.
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NewsFrench Connection losses narrow following £29m takeover
French Connection has narrowed its half-year losses after slashing its overheads and ramping up sales in its wholesale division.
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NewsBeighton steps down as Asos eyes new international and own-brand targets
Asos has announced a host of board changes, including the end of Nick Beighton’s 12-year tenure as chief executive, as it enters the next stage of growth.
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NewsN Brown profits rise as core brands clock up growth
N Brown has posted a jump in profits during its first half as increased investments in its key clothing brands bore fruit.
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NewsSosandar sales surge as it hails new-season success
Sosandar has recorded soaring sales as it steps up its third-party collaborations and introduces its autumn/winter collection early.
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NewsOcado invests £10m in Wayve to drive autonomous delivery innovation
Ocado has unveiled a partnership and £10m investment into autonomous mobility start-up Wayve, which will focus on bringing automation to the last mile for the etailer and its international grocery partners.
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NewsTesco raises guidance following 'strong' sales and profit surge
Tesco has raised its full-year profit expectations as boss Ken Murphy said the grocer is “outperforming the market” amid a sales uplift and profit spike.
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NewsScS back in the black after ‘strong recovery’ from the pandemic
Furniture and flooring specialist ScS has hailed a “strong year of recovery” after returning to profitability and reporting soaring sales.
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NewsHotel Chocolat reports soaring sales as online strategy pays off
Hotel Chocolat has reported profit before tax ahead of market expectations and rising sales as its online capital investment strategy helped insulate it from rolling store closures.