All City & finance articles – Page 101
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NewsWickes ups profit expectations after strong trading
DIY specialist Wickes has lifted full-year earnings expectations after strong fourth-quarter trading.
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Opinion‘Isla’s Inditex legacy is that the business is bigger than him’
Nobody is bigger than the business, it’s often said, and the test of great companies is that they continue to perform when leadership changes.
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NewsEG Group profits slump against tough comparable but hails foodservice success
EG Group posted a sales increase in the third quarter, but profits failed to match last year’s post-pandemic levels.
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NewsTopps Tiles swings to profit after delivering record year of revenue
Topps Tiles has bounced back to profit after delivering a record year of revenue as the retailer unveiled plans to be “carbon balanced” by 2030.
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NewsAsda sales slip as grocer charters cargo ship to ensure Christmas availability
Asda’s like-for-like sales in the third quarter slipped as the grocer outlined the measures it was taking to ensure good availability for customers heading into Christmas.
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NewsRevolution Beauty losses widen as it plans extensive US expansion
Beauty retailer Revolution Beauty reported widening losses as it unveiled plans to extend its reach in the US retail market.
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NewsLidl returns to profit and unveils new store target
Value grocer Lidl is back in the black and has revealed a new target for store numbers.
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NewsMarks & Spencer buys stake in Nobody’s Child in brand push
Marks & Spencer has acquired a 25% shareholding in Nobody’s Child as it builds a platform of brands to complement its core offer.
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NewsPets at Home profits surge as pet ownership boom gathers pace
Pets at Home has reported a rise in half-year profits after “stronger than expected” growth in pet ownership boosted sales.
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NewsAO slashes profit guidance as product shortages batter festive forecasts
AO has swung to a loss and slashed its full-year profit guidance after ongoing supply chain disruption and the HGV driver shortage battered its golden quarter expectations.
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NewsUS private equity firm eyes M&S with Rowe’s exit on the cards
US private equity firm Apollo Global Management has been mulling making a move on Marks & Spencer.
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NewsKingfisher sales dip as customer spend ‘normalises’
Kingfisher has reported a slight drop in sales year-on-year as consumer spending balances out post-pandemic.
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DataData: Consumer confidence rises as shoppers gear up for Black Friday deals
Consumer confidence grew in November despite increased concerns of sky-high inflation rates.
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NewsNaked Wines returns to profit as it stockpiles booze ahead of Christmas
Naked Wines has bounced back into the black and increased its stock levels as the pureplay prepares for its “largest holiday season” to date.
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NewsThe Works counts ‘significant’ supply chain costs as sales rise
The Works has racked up “significant additional costs” to shore up its supply chains for the crucial golden quarter but insisted full-year profits will be in-line with market expectations.
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NewsTed Baker boss heralds turnaround plan as sales surge
Ted Baker has reported narrowing losses and a jump in group revenues as boss Rachel Osborne hailed the retailer’s transformation plan for turning the business around.
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NewsWHSmith losses narrow as retailer forecasts return to profitability in 2022
WHSmith has reported narrowing losses and forecasts a return to profitability next year as improving travel trends drove a sales recovery.
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NewsB&M profits slip as boss Arora warns of challenging second half
B&M delivered a slip in profits but a jump in group revenues as boss Simon Arora flagged the challenges facing the retail industry heading towards the crucial Christmas period.
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Opinion‘M&S – how Norman and Rowe are turning a great institution into a great business’
The leadership of Marks & Spencer will not rest on pleasing short-term profits but they are proof that their strategy is working, writes George MacDonald
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NewsMarks & Spencer profits climb as food sales surpass pre-pandemic levels
Marks & Spencer has reported a return to profit in its half-year results and upgraded its full-year outlook as boss Steve Rowe heralded “the hard yards” of its ongoing transformation as the driving force behind its strong performance.