All City & finance articles – Page 75
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NewsPrimark to showcase 80% of range on new customer-facing website
Primark is in the midst of building a customer-facing website, announced earlier this year.
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NewsPrimark profits to exceed last year despite fourth quarter sales hit
Primark owner ABF has said it expects full year profits to be ahead of last year, due to a reduction in labour overheads and lower store operating costs.
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NewsCouche Tard favourites should Asda owners look to sell EG Group
Canadian convenience store petrol station giant Couche Tard is seen as the favourite should Asda’s new owners look to sell off their forecourt empire.
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NewsInvestor builds ups stake in WHSmith with eye to international travel rebounding
Los Angeles-based activist investor Causeway Capital has boosted its stake in WHSmith amid hopes of a global bounce-back in travel.
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AnalysisAnalysis: Why Morrisons’ Potts is feeling Christmas cheer despite profit slump
Despite reporting a slump in profits for the first half of the year, Morrisons was bullish on its full-year profit guidance, saying it would be higher than the £431m it reported in exceptional circumstances last year.
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NewsMorrisons profits slide as supply chain ‘challenges’ bite
Morrisons has reported a slump in profits at the half-year mark as chair Andrew Higginson said the business had weathered a “variety of continuing challenges”, including supply chain disruption and driver shortages.
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NewsBeauty Pie raises funds as it seeks to reach new markets
Luxury beauty platform Beauty Pie has raised $100m (£72m) in a bid to move to new markets and experiment with new retail formats.
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NewsAmazon UK tax bill under £500m despite blockbuster year
Amazon’s UK arm paid just £3.8m more corporation tax in 2020, despite sales rising by £1.9bn.
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NewsHalfords boss ‘positive on prospects’ as sales rise in key growth categories
Halfords has reported an uptick in sales despite the impacts of supply chain disruption during the current trading period.
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NewsDunelm profits soar driven by digital sales and localisation
Dunelm has recorded a profit rise as it transitioned from physical retailer to “proven digital-first, multichannel” retailer.
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NewsTed Baker revenues recover as full-price sales rebuild following lockdowns
Ted Baker has posted a spike in second-quarter sales as it hailed “trading momentum” following the reopening of its stores in the spring.
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Opinion‘As retailers navigate sustainability, value creation should increasingly be on the agenda’
A focus on sustainability is no longer a matter of choice, it is an imperative since we have left our historical ‘safe operating space’ with respect to CO2 emissions.
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NewsFortress prepares fresh Morrisons bid as potential auction looms
Fortress is preparing a fresh bid for grocery giant Morrisons as its ongoing takeover tussle with rival Clayton, Dubilier & Rice heads towards an auction.
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NewsAsda sales drop as new owners unveil c-store expansion plans
Grocery giant Asda has reported a dip in second-quarter sales on the day it unveiled expansion plans for its Asda On the Move forecourt store format.
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NewsAsos investor acquires major Boohoo stake
A US investment firm has acquired a 10% stake in Boohoo.
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NewsWHSmith warns on future profit uncertainty despite high street and travel rebound
WHSmith said it expects the outcome for the year to August 31 to be ahead of expectation after an uptick in high street and travel trading, yet warned ongoing uncertainty could impact profits in future.
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Opinion‘Expect more deals to come in grocery retail’
It is undeniable that the grocery sector is white hot with both opportunity and activity.
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NewsEG Group profits and sales soar as it eyes Leon expansion
EG Group has reported soaring profits and sales for its second quarter, driven by strong trading in its grocery branch and the continued growth of its foodservice arm.
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NewsMorrisons pension trustees warn of risks around potential takeover
The takeover offers for Morrisons could “potentially weaken” the security of the supermarket’s pension schemes if no additional protections are offered, according to its trustees.
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NewsSainsbury’s braces for bid as American investors circle
The UK’s second largest grocer Sainsbury’s is reportedly being targeted for a takeover by an American private equity firm, amid mounting mergers & acquisitions in the grocery space.