All City & finance articles – Page 68
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AnalysisThe bonus is back – but is John Lewis back on form, too?
With profits at John Lewis’ department stores on the up and partners in line for a bonus again, just how bright is the future for JLP?
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NewsM&S boss Rowe steps down as Machin and Bickerstaffe take reins
Marks & Spencer chief executive Steve Rowe is stepping down from the business after six years and will be replaced in the top job by food boss Stuart Machin.
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AnalysisRetail Horizon: Your exclusive strategic toolkit for the year ahead
Retail Week has relaunched its subscriber-exclusive strategic toolkit, Retail Horizon, mapping out the winning strategies for businesses in 2022 and beyond. Retail Week research director Lisa Byfield-Green explores the key macroeconomic trends that will shape the sector in the coming year
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NewsBoohoo sales rise as international business returns to growth
Boohoo has reported an uptick in sales, just days after Sir Brian Leveson made his final report to the board concerning the retailer’s supply chain overhaul.
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NewsJohn Lewis restores staff bonus and ups pay as turnaround strategy gathers pace
John Lewis has reinstated its staff bonus package after the business delivered rising sales and profits this year.
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Opinion‘Times of economic dislocation spawn disproportionate opportunities’
It may sound counterintuitive in an unpredictable trading environment but companies need to invest and innovate, argues True executive chair and founder Matt Truman.
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NewsGreggs boss Whiteside refuses to rule out price rises as inflation deepens
Greggs boss Roger Whiteside has said it would be “irresponsible” to rule out further price rises on products and warned inflation could hit 6% or 7% this year as ingredients and energy prices skyrocket.
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NewsD2C butcher Farmison eyes growth as investor snaps up stake
Online butcher Farmison & Co intends to accelerate growth after investor Inverleith acquired a majority stake in the business.
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NewsExclusive: M&S makes strategic investment in activewear platform The Sports Edit
Marks & Spencer has bought into activewear platform The Sports Edit as it builds its digital operations and strengthens its presence in the fast-growing category.
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NewsMade.com losses widen amid ongoing supply chain challenges
Made.com’s losses widened as the furniture retailer reported in its full-year results that it was “adversely affected by industry-wide global freight inflation and supply chain disruption”.
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NewsHotel Chocolat on a high as profits outstrip sales growth
Hotel Chocolat has hailed another strong trading period for the business despite wider inflationary pressures as profit grew faster than sales growth.
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AnalysisAnalysis: How Ukraine crisis will impact food prices, petrol and confidence
As the world watches in horror at the unfolding Russian invasion of Ukraine over the last few days, the war will only increase pressure on UK retail in an already inflationary environment.
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NewsPrimark places bet on bumper summer and sets date for revamped website
Primark has recorded an uptick in sales of summer holiday gear as consumers gear up for a restriction-free season.
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NewsMcColl’s hopes for cash or buyer as profits come under pressure
Convenience store group McColl’s maintained it is optimistic about finding a “financing solution” to its problems following speculation that it was battling to stave off administration.
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NewsPrimark sales rocket as lockdown fades into past
Sales at value fashion giant Primark surged 60% year on year in its first half – when stores remained open, in contrast to Covid closures the previous year.
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NewsAshley slams ‘unfit for purpose’ UK corporate governance after Studio acquisition
Frasers Group boss Mike Ashley has lashed out at both the previous management of Studio and the UK’s corporate governance regime after saving the floundering fashion retailer.
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NewsLondon businesses unveil multibillion West End regeneration plan
The Heart of London Business Alliance (HOLBA) has unveiled its West End 2027 plan to rejuvenate the capital’s premier shopping district.
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NewsUpdated: Frasers buys Studio Retail out of administration
Mike Ashley’s Frasers Group has bought Studio Retail out of administration for £26.8m, saving 1,500 jobs.
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NewsStudio formally calls in administrators following cash call crisis
Online retailer Studio has formally drafted in administrators after signalling the likelihood of collapse earlier this month.
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NewsBids for health and beauty giant Boots expected today
Indicative bids for health and beauty giant Boots are expected to be submitted today, it is understood.