All City & finance articles – Page 77
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NewsThe Hut Group profits soar one year after London listing
The Hut Group (THG) has reported growth across all areas of the business following its 2020 IPO.
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NewsThe Co-op profits fall as it announces partnership with Amazon
The Co-op has registered a dip in profits as it “invests in its business and colleagues” including a new partnership with Amazon on grocery delivery.
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AnalysisIn the founder's footsteps: setting the direction when the trailblazer steps aside
Many retail businesses are intrinsically linked to and even defined by their founders, but what happens when it comes time for that person to stand aside? Retail Week looks at past successes and failures and what needs to be put in place to ensure the process goes smoothly.
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NewsMade.com to launch homewares marketplace as it eyes expansion
Made.com has begun beta testing a marketplace model to bring artisan brands on board.
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NewsCD&R wins backing of Morrisons pension trustees
Clayton, Dubilier & Rice have taken another step towards winning the race for Morrisons by agreeing a “comprehensive package” with the grocer’s pension trustees.
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NewsMade.com losses narrow as sales jump despite global freight issues
Made.com reported narrowing losses before tax for the first half, with gross sales and adjusted profits for the period offsetting global freight issues.
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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.