All City & finance articles – Page 15
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NewsAbercrombie & Fitch ups guidance after ‘outstanding’ quarter
Abercrombie & Fitch has reported a surge in profits and sales during its first quarter and upped its guidance for the full year off the back of this success.
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NewsDr Martens profits and revenues fall as it enters ‘year of transition’
Dr Martens says the upcoming financial year will be a “year of transition for the business”.
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NewsRecipe-in-a-box brand Gousto back in the black
Recipe box brand Gousto has returned to underlying profitability and even beaten previous guidance, despite the cost-of-living crisis.
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NewsMarks & Spencer names new chief financial officer
Marks & Spencer has appointed a new chief financial officer whose experience includes transformation
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NewsPets at Home holds firm on guidance despite decline in profits
Pets at Home has reported a drop in profits for the full financial year but has maintained its guidance after a “pivotal year” of progress at the retailer.
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NewsBoohoo U-turns on executive bonuses after shareholder backlash
Boohoo has backtracked on plans to pay bonuses to its senior executive team after significant backlash from shareholders.
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NewsLabour says it is ‘the natural partner of business’ as more bosses back party
In her first major speech of the election campaign, the shadow chancellor described Labour as “the natural partner of business”.
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NewsJD Sports results delayed after reduced profit expectation
JD Sports has put its results on hold, but the sportswear retailer expects to meet its reduced profit guidance.
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NewsBoohoo 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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NewsPepco 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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NewsTemu 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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AnalysisM&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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NewsTK 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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NewsVery 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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NewsMarks & 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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NewsSuperdry 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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NewsShoe 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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NewsKingfisher 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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NewsTopps 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.