All City & finance articles – Page 106
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NewsBeauty Pie raises funds as it seeks to reach new markets
Luxury beauty platform Beauty Pie has raised $100m (£72m) in a bid to move to new markets and experiment with new retail formats.
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NewsAmazon UK tax bill under £500m despite blockbuster year
Amazon’s UK arm paid just £3.8m more corporation tax in 2020, despite sales rising by £1.9bn.
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NewsHalfords boss ‘positive on prospects’ as sales rise in key growth categories
Halfords has reported an uptick in sales despite the impacts of supply chain disruption during the current trading period.
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NewsDunelm profits soar driven by digital sales and localisation
Dunelm has recorded a profit rise as it transitioned from physical retailer to “proven digital-first, multichannel” retailer.
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NewsTed Baker revenues recover as full-price sales rebuild following lockdowns
Ted Baker has posted a spike in second-quarter sales as it hailed “trading momentum” following the reopening of its stores in the spring.
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Opinion‘As retailers navigate sustainability, value creation should increasingly be on the agenda’
A focus on sustainability is no longer a matter of choice, it is an imperative since we have left our historical ‘safe operating space’ with respect to CO2 emissions.
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NewsFortress prepares fresh Morrisons bid as potential auction looms
Fortress is preparing a fresh bid for grocery giant Morrisons as its ongoing takeover tussle with rival Clayton, Dubilier & Rice heads towards an auction.
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NewsAsda sales drop as new owners unveil c-store expansion plans
Grocery giant Asda has reported a dip in second-quarter sales on the day it unveiled expansion plans for its Asda On the Move forecourt store format.
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NewsAsos investor acquires major Boohoo stake
A US investment firm has acquired a 10% stake in Boohoo.
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NewsWHSmith warns on future profit uncertainty despite high street and travel rebound
WHSmith said it expects the outcome for the year to August 31 to be ahead of expectation after an uptick in high street and travel trading, yet warned ongoing uncertainty could impact profits in future.
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Opinion‘Expect more deals to come in grocery retail’
It is undeniable that the grocery sector is white hot with both opportunity and activity.
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NewsEG Group profits and sales soar as it eyes Leon expansion
EG Group has reported soaring profits and sales for its second quarter, driven by strong trading in its grocery branch and the continued growth of its foodservice arm.
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NewsMorrisons pension trustees warn of risks around potential takeover
The takeover offers for Morrisons could “potentially weaken” the security of the supermarket’s pension schemes if no additional protections are offered, according to its trustees.
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NewsSainsbury’s braces for bid as American investors circle
The UK’s second largest grocer Sainsbury’s is reportedly being targeted for a takeover by an American private equity firm, amid mounting mergers & acquisitions in the grocery space.
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AnalysisAnalysis: How do CD&R and Fortress’ rival visions for Morrisons compare?
As Clayton, Dubilier & Rice (CD&R) moves into pole position ahead of Fortress to acquire Morrisons, Retail Week compares the competitors’ strategic plans for the grocer.
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NewsMarks & Spencer profits to beat expectations following strong trading
Marks & Spencer expects full-year earnings to be better than anticipated after strong trading as its transformation plan bore fruit.
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NewsMorrisons backs £7bn takeover offer from ex-Tesco boss Leahy and CD&R
Morrisons has recommended a £7bn offer from private equity giant Clayton, Dubilier & Rice (CD&R), which has trumped a rival bid from Fortress.
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NewsJohn Lewis builds offer beyond retail with ethical financial products
John Lewis Partnership has entered the retail investment market for the first time as it seeks to generate more profits from outside traditional retail.
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NewsWalmart raises outlook as second-quarter sales surge
American giant Walmart has increased its full-year outlook for the second time this year as sales surged in the second quarter despite the effects of the Delta strain on consumer confidence.
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NewsMcColl’s warns of profit headwinds as its seeks to raise capital
McColl’s has said it may struggle to meet management expectations for the full year if availability issues continue into the second half.