All City & finance articles
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NewsThe Worksâ investor encourages shareholders to vote in new director
The Worksâ third-biggest shareholder has encouraged shareholders to vote for a new director at its AGM, after the board recommended a vote against.
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NewsMorrisons debt burden grows at year-end
Morrisonsâ debt climbed in its last reported financial year, company filings have revealed.
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NewsFrasers acquisition of Harvey Nichols imminent
Tycoon Mike Ashleyâs Frasers Group is poised to buy the famous department store group Harvey Nichols as early as today.
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AnalysisThe challenges of defining a 'misleading' discount
As part of his âeveryday fixesâ announced this week, Andy Burnham revealed that the government would be cracking down on misleading discounts, with a consultation launched to look at whether fake âwasâ prices, invented discounts, and misleading recommended retail prices (RRPs) should be added to the list of banned practices under the DMCCA consumer protection law.
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NewsFenwick slashes losses as transformation strategy kicks in
Department store group Fenwick has cut full-year losses by 40% in the first year of a transformation programme, Retail Week can reveal.
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NewsHarrods back in profit
The luxury London department store chain recorded a pre-tax profit of ÂŁ84.9m in the year ending January 31, according to a Sky News report
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OpinionâThe âlaminated book of dreamsâ may be long gone, but Argos retains a place in shoppersâ heartsâ
A dedicated ownership team, strong heritage and sound sales base stand Argos in good stead as it prepares for a new chapter independent of Sainsburyâs, believes George MacDonald
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NewsFrasers Group reportedly frontrunner in City real estate deal
Sky News reported that the retail business is leading a race to acquire the 195,000 square foot Worship Street Estate from the City of London Corporation
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NewsJohn Lewis chair warns profits being squeezed by âtoughâ trading conditions
John Lewis chair Jason Tarry has said in an interview with the companyâs internal magazine that the department store chain would be facing a situation where it âwill trade into lower sales and higher costsâ.
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NewsWarm weather helps Next beat sales forecast again
Next reported a 9.2% full-price sales increase in the 13 weeks to August 1, ÂŁ70m ahead of what it had forecast for the second quarter.
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NewsShein looks for valuation over $30bn for IPO
Ecommerce giant Shein is reportedly seeking a valuation between $30bn and $40bn for an upcoming Hong Kong initial public offering (IPO).
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NewsHugo Boss profit and revenue declines but hails progress on new strategy
Luxury brand Hugo Boss has recorded a drop in its sales and profits in the second quarter, but is pleased with âtangible progressâ on its new strategy.
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NewsCDS Superstores secures ÂŁ190m funding to support store and tech investment
CDS Superstores, the parent company of The Range, Wilko and Homebase, has secured a ÂŁ190m asset-based revolving credit facility to support its ongoing investment in stores and technology.
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NewsZalando continues to deliver revenue growth as AI investment pays off
Fashion technology platform Zalando has delivered another quarter of steady revenue growth as its investment and innovation in AI is paying off.
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NewsProCook chief financial officer to step down
ProCook chief financial officer Dan Walden is leaving the business after spending five years in the role.
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NewsMorrisons losses deepen to nearly ÂŁ1bn
Supermarket Morrisons has racked up nearly ÂŁ1bn in losses in the last financial year, as the debt-laden chain struggles to turn around its performance.
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NewsNew Look names new chief executive as earnings rise
Fashion retailer New Look has appointed a new chief executive and reported improved profitability in the first quarter.
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NewsBoots deal in doubt as offer price cut
A potential ÂŁ7bn sale of health and beauty giant Boots is at risk after the Weston family lashed out at the amount it was willing to pay.
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NewsJD Sports launches second tranche of ÂŁ200m share buyback
JD Sports has begun the second phase of a ÂŁ200m share buyback programme.
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NewsAmazon records double-digit sales growth exceeding $200bn
Amazon has seen a double-digit surge in its second quarter sales, exceeding $200bn.