All City & finance articles – Page 137
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OpinionDoes Farfetch have to spend so much to make money?
When Farfetch made its $6bn debut on the New York Stock Exchange last September, the online marketplace was unlikely to predict it would face legal action from disgruntled investors less than a year later.
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OpinionOpinion: As Colley quits, Kingfisher’s ‘engine’ is running out of gas
DIY giant Kingfisher has spoken at length in recent months about building an “engine” that will drive its future success.
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NewsPoundland owner prepares for sale or float
Poundland owner Pepkor Europe is understood to be mulling a €4bn (£3.6bn) sale or flotation next month.
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NewsAsda second-quarter sales boosted by later Easter
Asda has posted an uptick in second-quarter sales, boosted by the later timing of Easter.
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NewsSports Direct in crunch talks with government as auditor quits
Sports Direct is in a race against the clock to appoint an auditor ahead of its annual general meeting in September when current auditor Grant Thornton will step down.
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NewsNext boss Wolfson: No-deal Brexit will only bring ‘mild disruption’
Next chief executive Lord Wolfson believes that chaos can be avoided in the event of a no-deal Brexit, which would only bring “mild disruption”.
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NewsCard Factory posts sales rise despite tough trading conditions
Greetings card specialist Card Factory has reported a rise in first-half sales and expects to meet full-year profit forecasts.
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OpinionPeter Williams: Sports Direct and Boohoo give me retail déjà vu
The trouble with getting old, like me, is that you see history repeating itself.
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NewsEve Sleep and Simba in early stage merger talks
Mattress in a box specialists Eve Sleep and Simba are in early-stage merger talks as the loss-making businesses seek to guard against a challenging landscape.
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NewsAgenda: Walmart and ONS retail sales figures
Retail Week looks ahead to the next seven days with updates from Walmart and the latest ONS retail sales figures on the agenda.
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NewsBarneys secures fresh capital in bid to avoid collapse
Barneys New York has received a fresh cash injection as it seeks to fend off the threat of collapse.
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NewsSports Direct exec Murray: We’re not in crisis
Sports Direct executive Michael Murray has insisted the group is “definitely not a business in crisis” despite increasing doubts over its strategy.
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NewsBoohoo swoops on Karen Millen and Coast but jobs axed
Online fashion giant Boohoo has bought the Karen Millen and Coast brands for £18.2m.
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Retail VoiceWhy a zero-based mindset can help fuel growth
Accenture Strategy’s Richard Wolff explains how resetting budgets to zero and acting as a collective to reach goals can help further company growth
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NewsSports Direct buys Jack Wills out of administration
Struggling fashion retailer Jack Wills has been bought out of administration by Sports Direct, following a tussle between Mike Ashley and fellow retail tycoon Philip Day’s Edinburgh Woollen Mill Group.
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NewsFlying Tiger calls time on store openings after profits hit
Flying Tiger Copenhagen has halted UK store openings after a plunge in profits.
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NewsNaked Wines aims for Nasdaq stock exchange listing
Naked Wines is understood to be considering a listing on New York’s Nasdaq stock exchange following last week’s sale of its Majestic Wine business.
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NewsAgenda: Farfetch and BRC-KPMG retail sales figures
Retail Week looks ahead to the next seven days with updates from Farfetch and the latest BRC retail sales figures on the agenda.
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NewsMajestic boss: Fortress ‘our preferred bidder from the beginning’
The managing director of Majestic Wine has said that the business’ new buyers were his preferred bidder and were the most engaged with the brand and its plans for growth.
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NewsWhite Stuff profits dented by digital spend and discounting
White Stuff has suffered a fall in full-year profits after ramping up investment in digital marketing and “higher than planned” levels of discounting.