Latest finance news – Page 134
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NewsAmazon in talks to buy MGM Studios for $9bn
Amazon is reportedly in talks to buy cinematic behemoth MGM Studios in a deal worth $9bn (£6.4bn).
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NewsTopps Tiles back in the black following ‘strong recovery’ upon reopening
Topps Tiles has returned to profit at the half-year mark as boss Rob Parker hails the retailer’s “flexibility and resilience”.
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NewsUK consumers to spend £2.5bn as indoor hospitality reopens
UK consumers are predicted to bring a much needed boost to the high street by spending billions of pounds in the first week of indoor hospitality.
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NewsFarfetch revenues soar after ‘tremendous start to 2021’
Farfetch reported strong growth in both revenues and gross merchandise values in what the luxury specialist’s boss called a “tremendous start to 2021”.
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NewsThe Works sales slide as coronavirus restrictions take toll
The Works revised its internal profit forecast earlier in January after store closures during the year tanked sales.
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NewsBurberry hails ‘strong’ full-year results despite sales and profits fall
Burberry has recorded a decline in its full-year sales and profits, but boss Marco Gobbetti hailed the luxury retailer’s resilience as full-price sales drove momentum.
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NewsUK economy shrank in first quarter as third national lockdown weighed on recovery
The UK economy shrank during the first three months of 2021 as lockdown measures hindered the country’s recovery.
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NewsChinese factory price hikes spark global inflation fears
Prices charged by factories in China have risen at the steepest rate for more than three years, sparking inflation fears across the globe.
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NewseBay offers loans to help small businesses bounce back from Covid
eBay has launched a new finance initiative to help small businesses bounce back after the coronavirus crisis.
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NewsJoules upgrades profit expectations following ‘strong’ sales
Joules has upped its full-year profit forecast after hailing a “positive performance” across all its sales channels.
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NewsMorrisons sales jump as fuel and food-to-go rebounds
Morrisons has posted an uptick in sales as it looks forward to “a year of meaningful profit growth”.
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NewsThe Hut Group secures £1.6bn funding as it pens deal with SoftBank
THG (formerly the Hut Group) has signed a deal with Japanese conglomerate SoftBank to receive $2.3bn (£1.6bn) in investment.
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NewsNew Look boss looks to the future after winning landlord legal battle
New Look boss Nigel Oddy has said Monday’s favourable high court ruling will allow the retailer to put the fraught legal fight with some of its landlords behind it and focus on rebuilding for the future.
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NewsGreggs upgrades profits after strong post-lockdown sales recovery
Food to go specialist Greggs has reported strong recovery in sales as the UK’s coronavirus restrictions have eased, saying profits for the year could be in line with 2019.
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NewsHotel Chocolat upgrades full year trading expectations following strong Easter
Hotel Chocolat reported surging sales over its crucial Mother’s Day and Easter periods and said it expected trading for the year to be “significantly ahead of expectations”.
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NewsZalando upgrades outlook for the year following ‘standout’ first quarter
German pureplay giant Zalando has upgraded its outlook for the 2021 financial year following what it called a “standout” first quarter.
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NewsSuperdry full-year revenues slump despite improved fourth quarter
Superdry has reported a slump in full-year sales but chief executive Julian Dunkerton says there is “light at the end of the tunnel” for the retailer following an improved fourth quarter.
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NewsNext raises full-year profit guidance after strong first quarter
Fashion giant Next has upgraded its full-year profit guidance following a much stronger than expected performance in the first quarter.
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NewsAsda owners to sell 27 forecourts to smooth competition concerns
Asda’s new owners the Issa brothers have agreed to offload a tranche of EG Group’s petrol forecourts, paving the way for them to formally complete their £6.8bn takeover of the supermarket chain.
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NewsBoohoo profits surge as sales rocket across globe
Boohoo has posted a spike in sales and profits as coronavirus lockdowns across the globe spurred growth in all of its international markets.