All City & finance articles – Page 67
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NewsWickes’ profits surge in ‘year of excellent growth’
Home improvement retailer Wickes has reported rocketing full-year sales and profits and said it is well positioned for further growth.
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DataData: Consumer confidence plummets as cost-of-living crunch bites
Consumer confidence dropped further in March as concerns over the cost of living grew, with 30-year-high levels of inflation and soaring fuel and food prices.
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NewsMorrisons takeover could face deeper CMA probe over fuel price fears
Clayton, Dubilier & Rice’s takeover of grocery giant Morrisons has hit a snag after the Competition and Markets Authority (CMA) raised concerns over the impact the move would have on fuel prices.
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NewsMcColl’s boss Miller exits as rescue talks progress
McColl’s boss Jonathan Miller has stepped down after more than three decades with the business as it scrambles to secure fresh investment.
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NewsNext delivers surge in profits but global ‘uncertainty’ drives down forecasts
Next has posted a surge in profits but downgraded forecasts for its new financial year amid a slowdown in its international business.
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AnalysisAnalysis: Did Rishi Sunak’s statement put a spring in retail’s step?
On the day inflation hit a three-decade high, chancellor Rishi Sunak delivered a spring statement light on action but heavy on promises as the cost of living crisis continues to spiral.
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DataRanking: From Halfords to The Hut Group – how Covid has boosted and battered retail share prices
Two years after the UK was plunged into its first national lockdown, Retail Week analyses how the Covid crisis has impacted the valuations of Britain’s listed retailers.
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AnalysisAnalysis: Why Kingfisher’s success is built on more than just lockdown headwinds
With inflationary pressures front of mind for both retailers and customers, Retail Week explores why Kingfisher believes the business is prepared to sail through the storm
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NewsScS blames international supply chain issues as it slips to loss
ScS has slipped into the red, blaming international supply chain issues for its subdued revenues and profits.
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NewsKingfisher delivers record year as profits and sales soar
Kingfisher has said it is “ahead of schedule” with its new strategy after reporting record profits and sales last year.
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NewsThe Hut Group names former ITV boss as new chair
The Hut Group has named former ITV founding chief executive Charles Allen as its non-executive chair.
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NewsBritish Land and Landsec seek £800m shopping centre swap
UK landlords British Land and Landsec are looking into an £800m asset swap in a bid to revive their respective share prices.
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NewsBoots bidders assemble for £7bn takeover
Bidders for high street chemist Boots are set to meet with bosses this week as the takeover race intensifies.
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NewsPrivate equity firm Sycamore eyes Ted Baker takeover
US-based private equity firm Sycamore Partners has confirmed it is in the “early stages of considering” a bid for embattled fashion retailer Ted Baker.
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NewsFashion giant Inditex warns of price rises as inflation hits
Zara owner Inditex has introduced price rises across its different brands in line with cost inflation.
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NewsZara owner Inditex posts sales and profits surge
Inditex, owner of businesses including Zara, has reported rocketing annual sales and profits.
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NewsVirgin Wines counts cost of new customer acquisitions as profits fall
Virgin Wines has reported a slight decline in both profits and sales as it invests in new customers and its subscription business.
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NewsDFS sales and profits drop against lockdown boom
DFS has reported a decline in sales and profits compared with strong comparables during the lockdown period last year.
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NewsMorrisons finance boss Gleeson departs following takeover
Morrisons chief financial officer Michael Gleeson is stepping down from the business following its takeover by US private equity firm Clayton, Dubilier & Rice (CD&R).
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NewsLush stores remain open in Russia as Uniqlo U-turns and suspends operations
Lush stores will continue to operate under a longstanding franchise partner with a Russian licensee, despite the ethical retailer halting supplies and online sales in the country.