All City & finance articles – Page 61
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NewsSainsbury’s reports sales drop as finance chief steps down
Sainsbury’s has posted a fall in first-quarter sales and named a new chief financial officer to replace Kevin O’Byrne.
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NewsAO shares plummet as insurer cuts cover
Questions have been raised over AO’s finances after its credit insurer reduced its cover.
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NewsPret a Manger sales soar boosted by regional store growth
Pret a Manger has recorded soaring sales, beating its ambitions to double the business over the next five years.
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Opinion‘Boots needs more TLC to create value, whoever owns it’
After failing to find a buyer for Boots, Walgreens insists “it is an exciting time” for the health and beauty stalwart, but without innovation and investment it risks falling behind, writes George MacDonald
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NewsBoots revenues rise across the board as Walgreens axes sale plans
Boots has posted a rise in sales across all categories, driven by market share gains in beauty.
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NewsHilco acquires fashion retailer Cath Kidston
Investor Hilco is understood to have acquired fashion retailer Cath Kidston, famous for its distinctive design.
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NewsFrasers snaps up stake in fashion marketplace MySale
Frasers has bought a 28.7% stake in Australia-based fashion marketplace MySale, which it said would help it clear end-of-line stock.
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NewsH&M boss Helmersson names three key investment areas
H&M profits and sales beat expectations as the retailer achieved more full-price sales.
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NewsMorrisons blames ‘very challenging’ trading environment for sales drop
Supermarket giant Morrisons has blamed surging inflation and subdued customer sentiment for a drop in second-quarter sales.
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NewsOne-off lease disposal and surging sales behind jump in Mulberry profits
Mulberry has reported a jump in profits off the back of a one-off lease disposal and surging sales in the UK and Asia Pacific markets.
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NewsMoonpig sales and profits drop in first full year results since float
Moonpig has reported falling sales and profits in its first full-year results since it floated on the London Stock Exchange.
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NewsShop prices soar as inflation hits highest rate since 2008
Shop prices have soared across all the metrics with inflation hitting the highest point in 14 years, with consumers facing the biggest cut in income since the 1970s.
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NewsWalgreens pulls plug on Boots sale as suitors fail to secure financing
Walgreens Boots Alliance has canned the planned sale of its Boots business after suitors failed to meet its asking price.
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NewsHobbycraft expands store estate as profits rise
Hobbycraft will open three new stores this year after reporting an uplift in profits.
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NewsAsda, Asos and Amazon warn online sales tax could do more harm than good
Executives from major retailers met with financial secretary to the treasury Lucy Frazer last week to warn of the potential impact of an online sales tax.
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NewsCath Kidston seeks new owners two years after collapse
Cath Kidston has raised a for sale sign, two years after it fell into administration.
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NewsZalando warns on profits as customer demand wanes
Zalando has issued a profit warning after a worse-than-expected second quarter.
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NewsMatalan sales and profits rise despite Covid-related ‘obstacles’
Matalan has posted an increase in both sales and profits as the business recovered from the impacts of the pandemic.
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NewsNaked Wines back in the black as subscriptions rise
Naked Wines has reported strong growth as its bid to increase repeat customers and subscriptions pays off.
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NewsJD Sports’ profits double versus pre-pandemic record
JD Sports has more than doubled full-year profits compared to the record sum achieved before the Covid pandemic hit.