All City & finance articles – Page 56
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NewsTopps Tiles posts record sales as online business grows
Topps Tiles has achieved record annual revenues for a second consecutive year and expects profits to be towards the upper end of market expectations.
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NewsHalfords boosts garages arm with swoop on Lodge Tyre
Automotive specialist Halfords is acquiring Lodge Tyre, which will make it the UK’s largest business-to-businesscommercial tyre provider by revenue.
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NewsTesco locks down prices and raises staff pay as profits slip
Top grocer Tesco has unveiled “a vast new price-lock commitment” and increased hourly-pay pay for the second time this year as the cost of living crunch hits consumers and colleagues alike.
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NewsMade.com prospective buyers given mid-October deadline
Made.com has begun discussions with a number of interested parties as part of its formal sale process.
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NewsGreggs sales on a roll as store numbers grow
Greggs has opened 90 new stores so far this year, with 60 more to come.
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NewsMorrisons faces down £100m borrowing costs hit
Supermarket giant Morrisons is facing a £100m bulge in its borrowing costs as market volatility takes further toll on the debt-laden business.
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NewsFrasers urges MySale shareholders to accept offer as it threatens to delist business
Frasers has urged MySale shareholders to accept its 2p per share offer, and warned if it failed to garner full support it could delist the business from the stock exchange.
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NewsMade.com losses widen as it looks for a buyer
Made.com has reported deepening losses following the decision to put itself up for sale.
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NewsMorrisons’ Trevor Strain in frame for top M&S role
Morrisons’ departing chief operating officer Trevor Strain is a leading contender to take on an executive role at Marks & Spencer, Retail Week has learned.
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AnalysisAnalysis: Next boss Wolfson on the cost-of-living crisis, sterling and trading
Fashion giant Next cut full-year expectations when it posted interim results today, flagging uncertain trading conditions as retailers confront a host of issues ranging from the soaring cost of living through to political and economic volatility.
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NewsCo-op profits drop in ‘highly challenging’ market
The Co-op has suffered a decline in profitability as it battles to cut costs and shore up its balance sheet.
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NewsH&M blames closure of Russian business for 'significantly' affecting sales and profits
H&M has blamed the pause and eventual winding-down of its Russian business for a significant drop in revenues and profits.
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NewsNext downgrades profit guidance as Wolfson prepares for long-term instability
Next has revised down its full-year profit and sales guidance despite a better-than-expected first half as Lord Wolfson prepares the business for an extended period of financial uncertainty.
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NewsMorrisons profits plummet as ‘unprecedented’ inflation hits food manufacturing
Morrisons profits more than halved as the grocer bemoaned “unprecedented inflationary pressures” on its vertically-integrated food manufacturing.
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NewsBoohoo warns of further sales declines as profits crash
Boohoo has warned it is likely to suffer further revenue erosion during the crucial golden quarter after its first-half profits tumbled.
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AnalysisAnalysis: Setting a new direction – How Gymshark, Lick and Farmison are evolving DTC
Online-only DTC brands were expected to transform retail a few short years ago, but recent struggles have raised questions about their long-term viability. Does the model have a future?
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AnalysisAnalysis: What are the implications for retail as sterling takes a pounding?
The new government’s mini-budget last week proved to be anything but. Indeed, it was so dramatic that it has spooked financial markets and sent the pound to record lows against the dollar.
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NewsJD Sports fined £1.4m over Rangers FC price-fixing controversy
The Competition and Markets Authority (CMA) has fined JD Sports after it admitted to fixing the prices of Rangers FC merchandise.
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NewsCard Factory swings back to black as consumers return to high street
Card Factory has noted a “shift of customer spend back towards the high street and reversal of lockdown effects”.
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NewsRiver Island invests in stores as it returns to profit
River Island swung back into the black in 2021, beating pre-pandemic figures.