Latest finance news – Page 80
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NewsQuiz reports ‘strong recovery’ as profits and sales climb
Fashion retailer Quiz has posted increased earnings and revenue, helped by higher full-price sales and cost savings.
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NewsAO swings back into black as profit focus pays off
Electricals specialist AO World has returned to profit after a year of business simplification and refocus.
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NewsSainsbury’s sales increase driven by ‘return to volume growth’
Sainsbury’s has reported a rise in sales, which it says was driven by a “return to volume growth” over the multiple bank holidays in April and May.
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NewsCompetition watchdog fines Asda for failing to comply with fuel inquiry
The Competition and Markets Authority (CMA) has fined Asda £60,000 and named Morrisons for targeting higher fuel margins, as it sets out its plan to drive down fuel prices.
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NewsNike hails ‘milestone year’ as revenues jump despite fall in margins
Nike has reported an increase in revenues in the fourth quarter and full year ending May 2023, driven by “investment in innovation and digital leadership” as well as the success of its “top strategic partners”.
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NewsAuthentic Brands Group secures multimillion-dollar funding
Authentic Brands Group, which owns retailers including Reebok, Ted Baker and Hunter, has secured a $500m (£395.6m) primary follow-on investment from its current investor General Atlantic.
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NewsRevolution Beauty hits back at Boohoo as battle for control rages
Revolution Beauty has launched another attack on Boohoo as a daily war of words continues over the control of the beauty specialist.
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NewsAngered Boohoo accuses Revolution Beauty of hiding free share award terms
Boohoo has accused Revolution Beauty of a “lack of transparency” for hiding the terms of its free share awards in its annual report and has set out a list of demands for the beauty brand’s management team.
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NewsOcado slashes prices on more than 100 grocery products
Pureplay grocer Ocado has cut the prices on over 100 everyday essential items by up to 25% across a range of own-brand and Marks & Spencer items.
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NewsMulberry sales and revenue rise as it ‘delivers strategic objectives’
Mulberry has recorded a rise in international sales and revenue as it builds on delivering “strategic objectives” despite “macroeconomic uncertainty”.
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NewsProCook revenue slips due to ‘toughest economic backdrop’
ProCook has reported a decline in revenue, in a year the chief executive described the economic backdrop as being “one of the toughest I have experienced in my career”.
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NewsRevolution Beauty reappoints board despite AGM vote
Revolution Beauty saw the reappointment of three board members at its annual general meeting on Tuesday, despite a majority vote to remove them.
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NewsBoots delivers strong sales driven by success of own brands
Boots reported 13.4% year-on-year growth in retail sales in the three months to May 31, as market share grew for the ninth consecutive quarter.
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NewsExclusive: Customers believe supermarkets are more guilty of profiteering than banks
Shoppers believe supermarkets are more guilty of “profiteering” during the cost-of-living crisis than banks, according to new research.
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NewsHotter owner hails ‘encouraging’ trading as it ends sale process and mulls equity raise
Hotter parent company Unbound Group announced the end of its formal sale process today with ”no potential offers” and confirmed it is exploring an equity raise.
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NewsJD Sports on track to hit £1bn profit mark
Ahead of its AGM today, JD Sports reported positive trading in the first half of the financial year and said it was set to deliver profits “in line with the current average consensus expectations of £1.04 bn”.
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NewsGrocery bosses to point to dwindling profits ahead of grilling by MPs
The traditional big four grocers are preparing to point to dwindling profits as a result of increased costs to head off accusations of profiteering at tomorrow’s crunch price summit.
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NewsAmazon to invest $26bn in India by 2030
Amazon is set to invest $26bn (£20.4bn) in India by the end of the decade as it competes with Walmart.
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NewsPrimark owner ABF upgrades profit outlook as sales rise
Value fashion giant Primark has reported an increase in sales in its third quarter and parent company ABF upgraded its profit forecast for the full year.
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NewsHotel Chocolat warns on profits as inflationary pressures bite
Specialist retailer Hotel Chocolat has issued its second profit warning of the year, blaming ongoing inflationary pressures and softening consumer sentiment.