All City & finance articles – Page 97
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NewsHMV eyes recovery under Putman’s ownership
HMV has announced marginal losses amid the coronaviurs pandemic and owner Doug Putman says he is “positive about the months and years to come”.
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NewsBritish Land reports plunge in value of retail estate
Property group British Land has reported a steep fall in the value of its retail portfolio as CVAs and the Covid outbreak took a toll.
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NewsHalfords profits soar in ‘very strong’ first half
Cycling and motor accessories specialist Halfords has posted a surge in interim profits, helped by demand for bikes during the pandemic.
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OpinionSuzy Ross: ‘Why the market is more forgiving of Farfetch’s losses than those of M&S’
Just a few months before Marks & Spencer reported its first loss as a public company, Farfetch disclosed a quarterly loss of a much greater magnitude than M&S’ £88m.
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NewsAsda sales rise as Christmas spending is brought forward
Asda has posted an increase in sales during its third quarter as demand for “key Christmas products” was brought forward.
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NewsTopshop owner Arcadia in talks to secure £30m loan
The Arcadia group led by Sir Philip Green is understood to be urgently seeking fresh funding after the second national lockdown in England put paid to its recovery plans.
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NewsJD Sports mulls Debenhams rescue bid
JD Sports has emerged as a prospective bidder for the Debenhams and is understood to be running due diligence on the business.
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NewsJD Sports’ Footasylum deal revived as CMA verdict quashed
JD Sports’ acquisition of Footasylum could be back on after the Competition and Markets Authority’s decision to block the deal was sensationally quashed.
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AnalysisAs ‘for sale’ sign is raised over Homebase who might be potential buyers?
Homebase has revealed it is up for sale after returning to profitability. We take a look at who could be in the running to acquire the DIY specialist.
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NewsNew Asda owners sell stake in EG Group empire
Asda’s new owners the Issa brothers have offloaded a stake worth hundreds of millions of pounds in their EG Group petrol forecourts business.
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NewsFarfetch losses spiral despite sales gains
Farfetch has suffered widening losses during its third quarter despite a spike in sales.
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NewsBurberry ‘encouraged’ by recovery despite sales slide
Burberry has recorded a sharp drop in profits and sales amid the pandemic, but has seen shoots of recovery in certain regions.
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NewsB&M half-year profits skyrocket as sales surge
B&M has recorded a jump in interim profits spurred by a leap in sales that boss Simon Arora says shows the retailer is “well-attuned to the evolving needs of customers”.
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NewsWHSmith tumbles to full-year loss as sales slide
WHSmith has fallen into the red at the full-year mark as the retailer’s sales across travel and the high street were “heavily impacted” by the pandemic.
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AnalysisAnalysis: Vaccine joy sparks share price snakes and ladders
Welcome news of a coronavirus vaccine has sparked a stock market shift as investors rushed to buy and sell shares. Big-name retail and other consumer stocks shunned during the pandemic were back in fashion, while lockdown stars took a hit.
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NewsHomebase seeks new owners to drive next phase of growth
Homebase owner Hilco has hoisted the ‘for sale’ sign as the home and DIY business eyes the next phase of its transformation.
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NewsNew Look completes financial restructuring
New Look has completed a major recapitalisation of its finances.
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NewsSupreme acquired by Timberland owner VF in $2.1bn deal
Iconic streetwear brand Supreme has been sold to VF Corporation, which owns brands including Vans and North Face, in a deal valued at $2.1bn (£1.6bn).
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NewsLandsec signals further fall in rents likely
Landsec, the retail property group, expects shopping centre rents to fall because of the impact of the Covid pandemic and an “ongoing structural shift to a lower rent model”.
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NewsHarrods lockdown closure prompts credit renegotiation
Department store Harrods has renegotiated the covenants of a £200m syndicated loan following the latest Covid-19 lockdown.