All City & finance articles – Page 79
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NewsJoules posts profit rise as ecommerce growth offsets store closures
Fashion retailer Joules has reported an increase in full-year profits, despite the closure of its store estate during Covid lockdowns.
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NewsGreggs serves up better-than-expected profits as sales climb
Food-on-the-go specialist Greggs expects higher full-year profits than expected after rebuilding sales in the first half.
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NewsVery Group to resume paying dividends to Barclay family
The Very Group will restart dividends to billionaire owners the Barclay family after hitting pause on the payments for four years.
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NewsMorrisons suitor CD&R poised to kick off bidding war
Morrisons is bracing itself for a counter takeover offer this week as shareholder opposition mounts against Fortress’ £6.3bn bid.
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NewsFortress expects CMA to clear Morrisons takeover bid
The private equity consortium led by Fortress has said that it does not expect the CMA to oppose its proposed bid for Morrisons following growing opposition from shareholders.
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NewsDr Martens sales rise as stores reopen and wholesale recovers
Dr Martens recorded a strong first quarter with sales up across all regions.
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NewsPets at Home upgrades outlook as sales soar
Pets at Home has raised its profit expectations as “strong sales momentum” continued into the first quarter.
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NewsHalfords profits rise despite ‘volatile’ year of trading
Halfords has recorded soaring profits as its B2B, services and online businesses thrived during the pandemic.
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NewsSingaporean sovereign wealth fund joins Fortress Morrisons consortium
Singaporean sovereign wealth fund GIC has joined the consortium bid led by Fortress for supermarket giant Morrisons.
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NewsMusic Magpie profits and sales soar following float
Music Magpie has reported strong growth in profits and sales following its recent float on London’s junior market, with chief executive Steve Oliver hailing a “landmark period” for the retailer.
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NewsMorrisons’ largest shareholder hits out at Fortress takeover bid
Morrisons’ largest shareholder Silchester International has refused to give its backing to a £6.3bn takeover by US private equity firm Fortress.
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AnalysisApps, personalisation and UX: How Moonpig and In The Style are powering growth
As Moonpig and In The Style publish stellar results for the past year, Retail Week explores what other retailers could learn from their digital strategies.
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NewsLVMH sales soar as luxury goods come roaring out of pandemic
Luxury goods conglomerate LVMH has steamed ahead in its second quarter, driven by soaring sales of Louis Vuitton handbags and Moët & Chandon champagne.
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NewsTesco Bank to close all customer current accounts later in the year
Tesco Bank is closing all of its customer current accounts from the end of November and will write to those affected in the next two weeks to advise them on what to do.
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NewsMoonpig sales and profits soar in first full-year results since float
Pureplay greeting card specialist Moonpig has reported soaring sales and profits in its first set of full-year results since its IPO.
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NewsSelfridges starts formal auction as suitors circle
Selfridges’ owner the Weston family has begun a formal auction of the famous department store business.
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NewsMorrisons frontrunner Fortress hints at business review plan
Private equity firm Fortress has hinted that it would launch a wide-ranging review of the Morrisons business if it succeeds in its proposed £6.3bn takeover of the grocer.
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NewsPrivate equity battle for Morrisons set to intensify as CD&R mulls offer
The battle between private equity firms to take over grocery giant Morrisons is set to intensify, with reports that Clayton, Dubilier & Rice is working on another bid.
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NewsWickes sales soar in strong first half
Wickes reported strong sales in the first half of the year, with stores performing particularly well after reopening following the easing of coronavirus restrictions.
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NewsNext to repay business rates relief after sales surge
Fashion giant Next has increased its profit guidance for the financial year, with sales and profits “materially ahead” of expectations following a strong trading performance.