All City & finance articles – Page 13
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News
Boohoo faces shareholder revolt after loss-making bosses rewarded bonuses
The pureplay fashion retailer is facing a revolt from shareholders after its senior executive team was rewarded with bonuses despite the business raking up a loss of nearly £160m, The Times reported.
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Opinion
‘Brightening retail outlook could create sweet spot for M&A this year’
After a challenging 2023, falling valuations and pent-up demand for deals could spark a revival in retail M&A as economic conditions stabilise, believes Erin Brookes
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News
Pepco Group's strategic priorities deliver record revenues
Pepco Group half-year results show that it is delivering on the strategic priorities it set out last year.
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News
Temu group records massive surge in revenues and profit
Temu’s owner PDD Holdings has posted soaring profits and revenue for the first quarter ending March 31.
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Analysis
M&S boss Stuart Machin on ‘tricksy’ member prices and new beginnings
Marks & Spencer this week raised the curtain on strong annual results that beat expectations and it is confident of more progress to come
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News
TK Maxx owner TJX raises profit guidance as sales rise
TJX, parent company of TK Maxx, has raised its profit outlook following a boost in sales.
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News
Very Group records further losses amid lingering ‘market pressures’
The Very Group has posted further losses although the group said it delivered a “resilient performance despite market pressures”.
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News
Marks & Spencer reshaping strategy pays off
Marks & Spencer has posted a rise in sales and profits across food and clothing & home as its ‘reshaping for growth’ strategy paves the way for “the beginnings of a new M&S”.
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News
Superdry gears up for emergency sale if creditors oppose survival plan
Embattled fashion retailer Superdry is gearing up for an emergency four-week sale process if creditors fail to support boss Julian Dunkerton’s restructuring proposal.
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News
Shoe Zone lowers guidance as profits flatten
Footwear retailer Shoe Zone has lowered its full-year profit guidance. Revenues may have edged up but profits remained flat during the first half.
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News
Kingfisher records positive sales in UK while sales in France fall
Kingfisher has kept its full-year guidance, recording positive sales in the UK offset by a sales decline in France.
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News
Topps Tiles unveils ‘Mission 365’ growth strategy amid sales drop
Topps Tiles has introduced a new growth strategy over the medium term as it posts a fall in profit and sales.
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News
The Works anticipates return to growth as it reports flat sales and revenue
The Works has said it expects to see a “return to profit growth” in the next financial year as it records flat revenue and sales.
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News
Shein seeks out Sajid Javid for new role ahead of London IPO
Sajid Javid, the former chancellor of the exchequer, has reportedly been approached to join fast-fashion giant Shein ahead of its anticipated London Stock Exchange listing.
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News
British Land sells stake in Meadowhall shopping centre for £360m
British Land has announced the sale of its 50% stake in Meadowhall, as it continues to focus on retail parks and reduce its exposure to more traditional shopping centres.
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News
Exclusive: New Look to invest millions in Manchester stores
New Look is investing a total of £3.3m into upgrading and improving its store estate across Greater Manchester, Retail Week can reveal.
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News
Asda sales jump as owner Mohsin Issa hails ‘good progress’
Asda has announced an increase in total ex-fuel and like-for-like sales as owner Mohsin Issa said the supermarket made “good progress” in the quarter.
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News
The Body Shop administrators to launch auction for the chain
The Body Shop administrators are set to launch an auction of the struggling beauty chain after plans for a company voluntary arrangement (CVA) failed, Sky News has reported.
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News
Watches of Switzerland sales hit by ‘minimal return’ of tourist shopping
Watches of Switzerland has reported flat sales for the full year of 2024 driven by a challenging trading environment and the “minimal return of tourist spending” in the UK.
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News
Alibaba revenue growth despite decline in profits
Alibaba has posted growth in revenue in its full-year and quarterly results, despite profits plunging.