All City & finance articles – Page 111
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NewsB&M full-year profits and sales rise despite coronavirus disruption
B&M has posted an uplift in full-year profits bolstered by strong sales growth, and reports that revenues throughout the coronavirus pandemic have been “strong”.
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NewsUpdated: Ocado launches £1bn fund raise to capitalise on online shift
Ocado has launched an ambitious bid to raise £1bn in fresh funding to help it capitalise on the “significant acceleration” in online shopping during the coronavirus pandemic.
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OpinionOpinion: Monsoon and Quiz pre-packs punish staff for management mistakes
The pre-pack administrations unveiled by Monsoon Accessorize and Quiz this morning were certainly portrayed as good news for the businesses and their respective workforces.
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NewsZara owner Inditex posts first-ever quarterly loss
Zara owner Inditex has reported its first-ever quarterly loss as the coronavirus crisis took its toll on the group’s bottom line.
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NewsThe Hut Group profits soar as total sales exceed £1bn
The Hut Group profits have rocketed while total sales have surpassed £1bn driven by new brand acquisitions and investment in technology.
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NewsSegro completes fundraising as it eyes bigger piece of online shopping boom
UK warehousing group Segro has raised £680m from a new share placing to fund the acquisition of new online distribution facilities.
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OpinionThe Secret Landlord: Retailers want to have their cake and eat it too
After years in the driving seat, the tide has turned on landlords and retailers have the whip hand. However, occupiers must remember that they need landlords too.
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NewsMulberry to axe quarter of workforce amid coronavirus crisis
Mulberry plans to axe a quarter of its workforce across the globe as the coronavirus pandemic takes its toll on the business.
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NewsSosandar pens deals with Next and John Lewis as sales surge during lockdown
Sosandar will start selling its clothing through the John Lewis and Next websites as it seeks to build on surging sales during the first two months of its financial year.
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NewsAudit watchdog ends probe into Tesco’s £326m accounting scandal
The audit watchdog has closed its investigation into Tesco almost six years on from its accounting scandal.
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OpinionThe Secret Retailer: Landlords are living in cloud cuckoo land
The relationship between retailers and landlords is at a critical point.
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NewsMalcolm Walker takes full ownership of Iceland in £115m deal
The founder and chief executive of Iceland has taken full ownership of the retailer after buying out the remaining stake of external investor Brait.
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NewsTapi Carpets backers invest £16m as it eyes route to profitability
Tapi Carpets has secured £16m in new investment and set out its ambitions to become profitable within 18 months.
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NewsIntu puts administrators on standby ahead of crunch financing talks
Beleaguered shopping centre operator Intu has put KPMG on standby ahead of a fortnight of negotiations with lenders.
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NewsVictoria’s Secret UK division tumbles into administration
Victoria’s Secret’s UK arm has fallen into administration, putting nearly 800 jobs at risk.
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NewsJobs saved as ‘substantial’ part of Oddbins bought out of administration
More than half of off licence chain Oddbins stores will remain open after the retailer was bought out of administration by an unknown bidder.
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NewsAngling Direct swings to loss and blames winter flooding and store acquisitions
Specialist retailer Angling Direct reported a net loss before tax for the last financial year, which it blamed on new store acquisitions and a disappointing post-Christmas trading period.
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NewsTed Baker founder Kelvin halves stake in fundraising bid
Ted Baker’s founder Ray Kelvin has slashed his stake in the business by 55% as investment firm Toscafund surpasses him as the company’s largest shareholder.
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NewsCard Factory full-year profits fall as it prepares for phased reopening
Card Factory has reported a drop in its full-year profits despite an increase in sales in a “challenging” year.
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NewsTed Baker launches fundraising to drive recovery after profits collapse
Ted Baker has reported a plunge into loss last year and unveiled a fundraising to enable a return to growth.