All City & finance articles – Page 79
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NewsJD Sports to split top role as shareholders vote out pay committee chair
JD Sports announced its intentions to divide its top job into chief executive and chair before its next annual general meeting.
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NewsAO plots European expansion as German business rebounds
After returning AO.com’s German arm to profitability, boss John Roberts is eyeing expansion into France, Italy and Spain in the near future.
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NewsBoots sales rise as Walgreens upgrades profit forecast following strong third quarter
Boots has had a jump in third-quarter sales while parent group Walgreens Boots Alliance (WBA) has upgraded its profit forecast, buoyed by pharmacy sales and administrating Covid-19 vaccinations.
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NewsH&M bounces back to profitability in first half
Swedish fashion giant H&M has returned to profitability in the first half of the year after enduring a bruising 2020 due to the coronavirus crisis.
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NewsPrimark expects profits to be in line with last year following strong reopening
Primark owner ABF has said the fashion giant’s stores have performed exceptionally well since reopening and predicted full-year profits will be in line with the previous year.
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NewsAO.com back in the black as Covid drives soaring sales and profits
Pureplay electricals specialist AO.com has reported a return to operating profit driven by a surge in sales and EBITDA.
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NewsDixons Carphone swings into the black as boss hails strong year
Dixons Carphone has swung back into profit and reported soaring sales as boss Alex Baldock hailed the retailer’s strong performance in the financial year.
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NewsBurberry chief executive Gobbetti to step down
Burberry chief executive Marco Gobbetti is to leave the luxury giant after almost five years in charge.
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NewsGreggs likely to serve up higher profits than expected
Food on the go specialist Greggs has raised the prospect of higher than anticipated profits after a strong recovery in performance.
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NewsJD snaps up specialist sports pureplay
JD Sports has acquired online-only sports specialist Deporvillage, adding to its growing international empire.
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NewsConsumer confidence flattens as threat of inflation curbs growth
Consumer confidence remained flat in June as lingering coronavirus restrictions combined with the threat of inflation dampened growth.
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Opinion‘Morrisons – the buy-out barons have some explaining to do’
The controversy instantly ignited by the possibility of private equity gobbling up Morrisons should be an amber light for the big buy-out houses.
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NewsPoundland owner posts rise in sales and profits
Pepco, owner of the the Poundland chain in the UK, has reported increased sales and earnings in its first half.
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NewsMorrisons’ private-equity suitor told to up the ante as backlash continues
The private-equity firm behind rebuffed interest in Morrisons has been told to up its potential offer as the backlash against a mooted takeover of the grocer continues.
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NewsJoules profits ahead of expectations as reopened store sales thrive
Joules has said it expects its full-year profits to be ahead of analyst expectations after a stellar year for ecommerce and rebounding store sales.
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NewsMorrisons sale prospect prompts plea from hard-pressed UK farmers
The ongoing speculation around the possible sale of Morrisons to a private equity firm has prompted a plea for continued support from the farmers union.
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NewsConcern mounts over private equity interest in grocers following failed Morrisons bid
Both Usdaw and the shadow minister for business and consumers have raised concerns about private equity ownership of UK grocers as takeover speculation mounts.
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AnalysisAnalysis: Why is retail directors’ pay prompting a shareholder backlash?
Following a big shareholder revolt over Morrison’s decision to award executive bonuses and with JD Sports also likely to be in the firing line, Retail Week looks at why executive pay is becoming increasingly contentious.
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NewsMorrisons spurns £5.5bn takeover approach from US private equity firm
Morrisons has rebuffed a shock takeover bid from a US buyout firm advised by former Tesco boss Sir Terry Leahy, a move that could spark approaches from rival bidders.
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NewsMorrisons rebuffs £5.5bn takeover bid from private equity firm CD&R
Morrisons has rejected a takeover bid from American private equity giant Clayton, Dubilier & Rice (CD&R).