All City & finance articles – Page 81
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NewsOcado pens deal with Spanish grocer as sales soar
Ocado has announced a partnership with Spanish grocer Alcampo to develop its online business.
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Opinion‘Morrisons chiefs would not turn their backs on principles to do a wrong deal’
As far as statements of intent by would-be buyers go, particularly private investors, Fortress’ words carried some big commitments about what sort of owner of Morrisons it would be.
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NewsGymshark founder Ben Francis takes the reins as global sales soar
The 29-year-old founder says he is ready to step into the top job at the company he founded a decade ago, and believes Gymshark could be the UK’s answer to Nike and Adidas.
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NewsJohn Lewis unveils plans to build 10,000 rental homes
Department store chain John Lewis has announced plans to move into the residential property market, unveiling plans to build 10,000 new rental homes over the next few years.
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NewsMorrisons braces for bidding war after accepting £6.3bn takeover
Rival private equity firms are reportedly considering tabling rival bids for UK grocer Morrisons after it accepted a £6.3bn takeover yesterday.
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NewsMorrisons agrees £6.3bn sale to Majestic Wine owner
US investment giant Fortress is to acquire Morrisons in a deal said to recognise the grocer’s unique characteristics, long-term strategy and responsibilities to stakeholders.
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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.