Latest finance news – Page 46
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NewsNike lowers guidance as it turns in flat sales performance
Nike has lowered its guidance for the upcoming financial year as it has reported a flat performance in sales.
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NewsMusic Magpie revenue declines as it banks on Black Friday boost
Music Magpie has reported a fall in revenues during the first half of the financial year
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NewsBoots maintains 'positive momentum' as UK sales rise
Boots has reported growth in retail and pharmacy sales as its market share improved for the 13th consecutive quarter, in the three months to May 2024.
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NewsH&M posts ‘best results for many years’ despite weather warning
Swedish fashion giant H&M has reported its “best results for many years” during the second quarter.
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NewsMoonpig sales and profits rise driven by tech innovation
Online greetings card retailer Moonpig has reported a rise in full-year sales and earnings.
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NewsWatches of Switzerland says UK market ‘stabilising’
Luxury specialist Watches of Switzerland is “cautiously optimistic” about trading in the year ahead.
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News‘Soft’ start to year at Halfords as annual profits slide
Halfords said that tough trading conditions persist.
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NewsCurrys’ performance ‘strengthens’ as full-year earnings rise
Electricals giant Currys has has reported that trading momentum improved throughout last year although like-for-likes fell at its core UK division.
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NewsHuman rights group calls on regulator to block Shein’s London IPO
A UK-based human rights group is calling on the Financial Conduct Authority to refuse Shein’s application to list on the London Stock Exchange.
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NewsProCook to leverage AI and robotics to ‘become more efficient’
Specialist kitchen retailer ProCook has said it will look to use more AI, as well as machine learning and robotics, to “become more efficient” as it grows.
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NewsRevolution Beauty swings to profit as strategic focus pays off
Cosmetics retailer Revolution Beauty is back in the black after making “strategic and financial progress” during the year.
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NewsMarks Electrical ‘well positioned’ for market recovery after record year
Marks Electrical has said it is “very well positioned” for an electronics market recovery as sales jumped and its profits met expectations.
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NewsAO profits top guidance in year of ‘good progress’
AO has reported a surge in profits and maintained its guidance in a year of “good progress” at the domestic appliances retailer.
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NewsMatalan profits up as focus on full-price sales reaps rewards
Fashion retailer Matalan has reported a surge in profitability despite a dip in sales.
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NewsMorrisons’ sales and profits rise as focus on execution and loyalty pays off
Grocer Morrisons has reported a rise in quarterly sales and earnings, saying that listening to customers and other stakeholders is bearing fruit.
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NewsShein filed London IPO paperwork in early June
Fast fashion retailer Shein confidentially filed paperwork at the beginning of the month to kick off the process for a potential London IPO later in the year.
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NewsJohn Lewis Partnership appoints interim finance director
John Lewis Partnership has named Andy Mounsey as interim executive director of finance starting September this year.
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NewsShein’s blockbuster London float in doubt
Shein may pull the plug on its highly anticipated £50bn London float amid growing criticism of the Chinese giant’s business practices in the UK, it has been reported.
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NewsTHG and Frasers launch Ingenuity tie-up
THG and Frasers have today announced a multi-year partnership on the health and beauty giant’s Ingenuity platform.
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NewsSpace NK offloads US wholesale arm amid sale rumours
Space NK has sold its US wholesale arm to beauty platform PCA Companies as rumours swirl of a possible sale of the premium beauty chain, according to WWD reports.