All City & finance articles – Page 321
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News
Asos growth slows following overseas sales weakness
Asos has reported a slowdown in quarterly sales growth after a strong UK performance was offset by international sales falling 2%.
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News
Tesco issues profit warning ahead of full-year results
Tesco has issued a profit warning, saying its full-year profits will be significantly below market expectations.
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News
Blue Inc raises £4m to invest in online and international propositions
Blue Inc has raised £4m in funding to grow its market share through investment in its online proposition and international business.
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News
Sainsbury's activist fund sparks takeover fears over share raid
Sainsbury’s could face a takeover of the business as a result of activist investor fund Crystal Amber entering talks with overseas investors about a share raid on the grocer.
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News
Evans Cycles' private equity owner eyes £100m sale of company
Evans Cycles’ head of marketing has confirmed that a sale is “one of the options” being considered by the retailer’s private equity owner.
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News
Primark latest fashion retailer to report sales hit after warm autumn
Value fashion giant Primark has become the latest clothing retailer to report a hit to sales as a result of the warm weather in autumn.
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News
Alliance Boots buys stake in Chinese pharmaceutical giant
Alliance Boots has completed the acquisition of a stake in one of China’s biggest pharmaceutical companies, Nanjing Pharmaceutical Company.
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News
Mulberry reports pre-tax loss as it continues to drive return to growth
Mulberry has reported a pre-tax loss of £1.1m in its interim results as it continues to take steps to return the business to growth.
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News
Pets at Home reports strong sales and profits in interim results
Pets at Home has reported strong sales and profits in its interim results and remains confident about its prospects for the future.
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Opinion
Comment: How will Osborne’s business rates review impact retailers?
The Chancellor’s business rates announcement could be an easy way of appearing to be addressing the issue without actually having to do anything.
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News
Edinburgh Woollen Mill profits up as it plots 100 new stores
Edinburgh Woollen Mill has unveiled a rise in group profits as it plots 100 store openings in the next two years.
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Opinion
Comment: What was the weak link in Tesco’s financial controls?
Having dealt with a misreported payment himself, Tesco boss Dave Lewis faces a difficult task picking up the pieces at the retailer.
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Opinion
Comment: Bonmarché has driven sales by knowing its audience
Bonmarché first-half profits and sales surged as it kept focused on its core customers despite being hit by warm autumn weather.
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News
Park Group sales up on back of rising consumer confidence
Christmas voucher specialist Park Group said rising consumer confidence helped sales soar 21% to £58.5m in the six months to September 30.
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Analysis
Tesco's Dave Lewis overhauls management: What the analysts say
Tesco chief executive Dave Lewis has assumed temporary responsibility for the UK as part of a raft of senior management changes at the grocer.
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News
McColl's reports 'solid' full year as like-for-likes edge up
Convenience retailer McColl’s reported a 0.7% rise in like-for-like sales in its first full-year update since its IPO in February.
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News
Alliance Boots acquires skincare brand Soap & Glory
Alliance Boots has acquired skincare brand Soap & Glory from founder and entrepreneur Marcia Kilgore.
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News
Bonmarché profits and sales surge as product and pricing overhaul pays off
Bonmarché has posted a surge in half-year profits as sales rise following an overhaul of its product, pricing and supply chain.
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News
Suspended Tesco executives may leave the business next week
The eight Tesco directors suspended as a result of the supermarket’s accounting scandal are expected to leave as early as next week.
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News
Waitrose sales rise 5.2% as shoppers gear up for advent
Waitrose sales rose 5.2% in the week to November 22 as shoppers geared up for advent and starting Christmas shopping.