All City & finance articles – Page 73
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NewsDeliveroo sales soar despite hospitality reopening
Deliveroo reported a surge in orders across the UK and Ireland, and a doubling of Plus members through its Amazon Prime tie-up, despite the reopening of hospitality.
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NewsMorrisons shareholders rubber-stamp £7bn CD&R takeover
Morrisons shareholders have rubber-stamped the £7bn takeover of the grocer by Clayton, Dubilier & Rice (CD&R) nearly four months after private equity interest in the retailer first emerged.
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NewsMatalan sales improve despite supply chain issues
Matalan has reported improved sales despite the retailer admitting it was “feeling the impact” of the ongoing supply chain issues.
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NewsSelfridges’ owners in talks with Qatar about potential £4bn sale
Selfridges’ owners the Weston family are reportedly in talks with Qatar about a potential takeover of the iconic department store chain.
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NewsTHG boss Matt Moulding to ditch golden share in bid to restore City confidence
THG boss Matt Moulding will dispose of his golden share in the business he co-founded and apply to move onto the main market of the London Stock Exchange next year.
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NewsDunelm sales climb against strong comparison
Value homewares group Dunelm has posted a rise in first-quarter sales despite strong comparisons last year.
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NewsPoundland owner posts sales and earnings rise
Pepco, owner of the Poundland value retail chain, has reported a rise in annual sales and profits.
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NewsHalfords poaches former Tesco and Virgin Active finance boss
Halfords has recruited former Tesco and Virgin Active executive Jo Hartley as its new chief financial officer.
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NewsTHG shares tumble as investor crisis meeting backfires
THG’s share price plunged by a third in the hours following its Capital Markets Day yesterday, as the attempt to calm investors’ concerns about the business appeared to fall on deaf ears.
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Retail VoiceCritical £5bn investment will cement West End’s place on global city league table
A financial boost will help central London businesses build back better, says Jace Tyrrell, chief executive of New West End Company.
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Opinion‘Beighton put Asos on US retail stage – his successor must take it to Broadway’
Today’s shock departure of Asos chief executive Nick Beighton brings the curtain down on a 12-year career at the retailer.
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NewsBeighton steps down as Asos eyes new international and own-brand targets
Asos has announced a host of board changes, including the end of Nick Beighton’s 12-year tenure as chief executive, as it enters the next stage of growth.
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Opinion‘Why sell Selfridges when department stores are having such a hard time?’
Former Selfridges chief executive Peter Williams ruminates on the iconic department store’s potential sale and makes a special plea to its owner the Weston family.
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NewsSosandar sales surge as it hails new-season success
Sosandar has recorded soaring sales as it steps up its third-party collaborations and introduces its autumn/winter collection early.
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AnalysisAnalysis: Why Ken Murphy believes Tesco will thrive in its ‘next chapter’
Alongside a bumper set of results, Tesco boss Ken Murphy set out his stall for post-pandemic growth. Retail Week analyses his new strategic priorities.
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NewsTesco raises guidance following 'strong' sales and profit surge
Tesco has raised its full-year profit expectations as boss Ken Murphy said the grocer is “outperforming the market” amid a sales uplift and profit spike.
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NewsScS back in the black after ‘strong recovery’ from the pandemic
Furniture and flooring specialist ScS has hailed a “strong year of recovery” after returning to profitability and reporting soaring sales.
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NewsHotel Chocolat reports soaring sales as online strategy pays off
Hotel Chocolat has reported profit before tax ahead of market expectations and rising sales as its online capital investment strategy helped insulate it from rolling store closures.
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NewsGreggs upgrades profit expectations as sales jump
Food-to-go specialist Greggs has upgraded its full-year outcome as both in-store and online sales jumped in the third quarter despite ongoing supply chain issues.
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NewsLeahy returns to grocery as Morrisons board gives green light to CD&R deal
Morrisons’ board has recommended acceptance of private equity group CD&R’s takeover offer, marking a likely return to grocery for former Tesco chief executive Sir Terry Leahy.