Latest finance news – Page 22
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NewsMango goes from strength to strength as profits and sales soar
Spanish fashion giant Mango has delivered another strong set of results, reporting an increase in both turnover and profits.
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NewsRace for WHSmith high street business down to two bidders
The expectation is that a deal is being targeted for April.
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NewsCo-op staff vote to accept ‘above-inflation pay award’
C-store specialist Co-op has announced that its store colleagues have voted to accept an above-inflation pay award seeing hourly pay rates increase to at least £12.60.
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NewsNew owner for Boots as parent Walgreens acquired in $10bn deal
Walgreens Boots Alliance, owner of Boots in the UK, is to be sold to a private equity group.
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NewsAbercrombie & Fitch reports strong sales as it continues to target growth
US fashion retailer Abercrombie & Fitch has reported strong sales and profits during its fourth quarter and for the full year
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NewsNew retailer body releases plan for business rates
High Streets UK, a new initiative launched by representatives from British retailers, has laid out a series of policy recommendations in response to the government’s business rates discussion paper, Retail Week can reveal.
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NewsPepco ‘actively exploring separation options’ for Poundland
Pepco Group has said it is “actively exploring separation options” for Poundland as it aims to focus on a single format and move away from fast moving consumer goods (FMCG).
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NewsFebruary footfall rises thanks to half-term and Valentine’s Day
UK retail in February saw a rise in footfall across all destinations as shoppers took advantage of the half-term break and Valentine’s Day.
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NewsBoots owner Walgreens on the verge of $10bn private equity takeover
US based owner of Boots, Walgreens Boots Alliance, is close to a $10bn takeover by a private equity firm.
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NewsGames Workshop lifts guidance after 2025 starts with strong trading
Games Workshop has said sales have been ahead of expectations in January and February, with “strong trading” across both the core business and licensing.
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NewsVirgin Wines finance boss steps down as successor named
Graeme Weir, who was CFO and company secretary at the direct-to-consumer online wine retailer, is retiring after 22 years with the brand.
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NewsGreggs exceeds £2bn sales for the first time
Greggs has reached a record £2bn in sales for the first time and the brand is “in better shape than ever” as it opens its 2,600th shop.
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NewsOak Furniture Land CEO: ‘We should be able to take better market share’
The boss of Oak Furniture Land said its focus is now to be more dominant new categories and “take better market share”, following a period of consistent like-for-like growth.
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NewsShop prices remain in deflation but this is set to be short lived
Shop prices have remained in a state of deflation in February, but there are warnings that inflation can rise due to recent price hikes, geopolitical tensions, and the £7bn in added retail costs.
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NewsAsda scraps bonuses for thousands of employees amid sliding sales
The bonuses are usually handed out in the first three months of each year to around 10% of Asda’s employees.
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NewsClub L London snaps up fashion retailer as it continues to ramp up global growth
Occasionwear specialist Club L London has snapped up fashion retailer Lavish Alice.
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NewsTK Maxx owner TJX ‘exceeds guidance’ with improvement to store sales
TK Maxx’s parent company TJX has reported that the group has “exceeded guidance” as store sales perform better than expected.
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NewsWickes acquires Homebase units to fuel expansion plans
Wickes has acquired the leases for several Homebase stores following the retailer’s collapse into administration.
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NewsOcado still in 'constructive' talks with Marks & Spencer over April payment
Ocado is still in “constructive conversations” with Marks & Spencer in a row over a final payment that is due in around a month’s time.
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NewsOcado losses narrow as it ‘significantly’ improves revenue
Ocado Group has delivered narrowing losses and “significantly” improved revenues and cash flows.