All City & finance articles – Page 70
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NewsFrasers profits soar but group warns of Covid and supply chain headwinds
Frasers Group has reported strong revenue rises across its portfolio, but remains “cautious” of the impacts of macroeconomic factors such as a potential lockdown over Christmas.
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NewsMoonpig revenues and profits slide against lockdown comparables
Moonpig has posted a dip in revenues and sales as customer spend dropped in line with easing restrictions.
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NewsQuiz warns of potential effect of Omicron on Christmas as it delivers another loss
Quiz has reported a loss before tax and warned its stakeholders about the potential loss of sales due to the rise of the Omicron coronavirus variant in the run-up to Christmas.
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NewsMcColl’s blames Covid-19 and supply chain disruption for falling sales and profits
The embattled c-store chain McColl’s has blamed falling sales and profits in the 2021 financial year on the ongoing coronavirus pandemic and supply chain issues.
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NewsBoots owner considers £5bn sale of health and beauty powerhouse
Walgreens Boots Alliance is considering options for its Boots business, including a sale that could bring a price tag of £5bn or more.
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NewsTed Baker mourns death of chair
Ted Baker chair John Barton has died suddenly, the retailer reported.
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NewsWickes ups profit expectations after strong trading
DIY specialist Wickes has lifted full-year earnings expectations after strong fourth-quarter trading.
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Opinion‘Isla’s Inditex legacy is that the business is bigger than him’
Nobody is bigger than the business, it’s often said, and the test of great companies is that they continue to perform when leadership changes.
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NewsEG Group profits slump against tough comparable but hails foodservice success
EG Group posted a sales increase in the third quarter, but profits failed to match last year’s post-pandemic levels.
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NewsTopps Tiles swings to profit after delivering record year of revenue
Topps Tiles has bounced back to profit after delivering a record year of revenue as the retailer unveiled plans to be “carbon balanced” by 2030.
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NewsAsda sales slip as grocer charters cargo ship to ensure Christmas availability
Asda’s like-for-like sales in the third quarter slipped as the grocer outlined the measures it was taking to ensure good availability for customers heading into Christmas.
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NewsRevolution Beauty losses widen as it plans extensive US expansion
Beauty retailer Revolution Beauty reported widening losses as it unveiled plans to extend its reach in the US retail market.
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NewsLidl returns to profit and unveils new store target
Value grocer Lidl is back in the black and has revealed a new target for store numbers.
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NewsMarks & Spencer buys stake in Nobody’s Child in brand push
Marks & Spencer has acquired a 25% shareholding in Nobody’s Child as it builds a platform of brands to complement its core offer.
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NewsPets at Home profits surge as pet ownership boom gathers pace
Pets at Home has reported a rise in half-year profits after “stronger than expected” growth in pet ownership boosted sales.
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NewsAO slashes profit guidance as product shortages batter festive forecasts
AO has swung to a loss and slashed its full-year profit guidance after ongoing supply chain disruption and the HGV driver shortage battered its golden quarter expectations.
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NewsUS private equity firm eyes M&S with Rowe’s exit on the cards
US private equity firm Apollo Global Management has been mulling making a move on Marks & Spencer.
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NewsKingfisher sales dip as customer spend ‘normalises’
Kingfisher has reported a slight drop in sales year-on-year as consumer spending balances out post-pandemic.
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DataData: Consumer confidence rises as shoppers gear up for Black Friday deals
Consumer confidence grew in November despite increased concerns of sky-high inflation rates.
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NewsNaked Wines returns to profit as it stockpiles booze ahead of Christmas
Naked Wines has bounced back into the black and increased its stock levels as the pureplay prepares for its “largest holiday season” to date.