All City & finance articles
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AnalysisLidl vs Morrisons: Seismic moment or statistical footnote?
As today’s Worldpanel grocery market share data showed Lidl overtaking Morrisons, Retail Week analyses whether this is a seismic moment for UK grocery, or will be a forgotten statistical footnote in all but the most niche histories?
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NewsAmazon UK tax payments climb by 20%
Online giant Amazon’s tax bill climbed last year, making it one of the biggest tax contributors in the UK.
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NewsNew Pets at Home boss hails turnaround momentum despite falling profits and sales
New Pets at Home chief executive James Bailey said he can see “material progress” being made in the business’ turnaround, despite reporting falling profits and sales.
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NewsMorrisons ready to sell to rivals in bid to slash debt pile
Supermarket Morrisons is reportedly in talks with rival supermarkets over deals to sell food to them in a bid to boost its manufacturing business and slash its growing debt pile.
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NewsSuperdrug owner eyes London flotation before end of year
Health and beauty giant AS Watson is close to pressing the button on a $30bn share listing, expected to take place by the end of 2026.
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NewsKingfisher posts ‘resilient’ start to financial year
DIY group Kingfisher has reported market share gains during its first quarter, in what it described as a soft market.
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NewsVery Group losses deepen as sales remain flat
The Very Group saw its losses deepen during its third quarter and sales remained flat, despite a strong performance in its high-margin home category.
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NewsGames Workshop confirms record core revenues
Games Workshop, the maker of Warhammer, has estimated the group’s core revenue for the year will be no less than £626m.
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NewsTGJones CEO criticises former owner WHSmith for ‘under-investment’
TGJones chief executive Alex Willson has said his fist impression was “the huge scale of under-investment over many years”, in an interview with the Financial Times.
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NewsBirkenstock launches $250m share buyback as CEO says company is worth more
Birkenstock is buying back $250m (£186m) of its shares after its chief executive said there was a disconnect between the footwear brand’s price in the public markets and its value.
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NewsThe Works expects profits to beat expectations following ‘outperformance’
Books, arts and crafts, and toys retailer The Works has reported that full-year profits will be higher than anticipated as its growth strategy bears fruit.
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AnalysisM&S boss Machin on ‘preposterous’ price cap proposal, Middle East impact and coming back from cyber attack
Despite disruption from cybercrime and now conflict in the Middle East, Marks & Spencer chief executive Stuart Machin believes the business has “come out stronger” as he posted full-year results
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NewsTopps Tiles ‘a market outperformer’ despite falling profits
Topps Tiles chief executive Alex Jensen said the retailer “remains a market outperformer”, despite reporting a slump in pre-tax profits.
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NewsDr Martens hails turnaround strategy as it returns to profit growth
Footwear retailer Dr Martens has returned to profit growth, with chief executive Ije Nwokorie hailing the business’s progress to “a consumer-first operating model”.
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NewsCurrys upgrades profits and gives update on search for new chief executive
Currys has upgraded its full-year profit guidance and said that its search for a new chief executive to replace outgoing Alex Baldock is “progressing well”.
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InterviewWHSmith UK boss Andrew Harrison on piloting the business through turbulence
Retail Week hears from WHSmith UK boss Andrew Harrison – the man tasked with guiding the business through one of the most turbulent periods in its history.
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NewsBurberry returns to profit driven by a strong fourth quarter
Luxury fashion group Burberry has seen a return to full-year profit as the fourth quarter drove strong sales across most markets.
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NewsLandsec sees retail occupancy reach 20-year high as it expects future ‘healthy’ income growth
Property giant Landsec has said it expects a “healthy” like-for-like income growth in the future as retail occupancy hits a 20-year high.
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NewsModa in Pelle served winding-up petition over unpaid debts
Troubled footwear retailer Moda in Pelle has been served with a winding-up petition related to unpaid debts following reports that the company was reviewing its financial position, Retail Week has learned.
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NewsGousto revenues grow as it delivers third consecutive year of profitability
Recipe box retailer Gousto has reported its third consecutive year of profitability, with EBITDA and sales both growing.