All City & finance articles – Page 110
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News
Dixons Carphone swings into the black as boss hails strong year
Dixons Carphone has swung back into profit and reported soaring sales as boss Alex Baldock hailed the retailer’s strong performance in the financial year.
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NewsBurberry chief executive Gobbetti to step down
Burberry chief executive Marco Gobbetti is to leave the luxury giant after almost five years in charge.
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NewsGreggs likely to serve up higher profits than expected
Food on the go specialist Greggs has raised the prospect of higher than anticipated profits after a strong recovery in performance.
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NewsJD snaps up specialist sports pureplay
JD Sports has acquired online-only sports specialist Deporvillage, adding to its growing international empire.
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NewsConsumer confidence flattens as threat of inflation curbs growth
Consumer confidence remained flat in June as lingering coronavirus restrictions combined with the threat of inflation dampened growth.
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Opinion‘Morrisons – the buy-out barons have some explaining to do’
The controversy instantly ignited by the possibility of private equity gobbling up Morrisons should be an amber light for the big buy-out houses.
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NewsPoundland owner posts rise in sales and profits
Pepco, owner of the the Poundland chain in the UK, has reported increased sales and earnings in its first half.
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NewsMorrisons’ private-equity suitor told to up the ante as backlash continues
The private-equity firm behind rebuffed interest in Morrisons has been told to up its potential offer as the backlash against a mooted takeover of the grocer continues.
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NewsJoules profits ahead of expectations as reopened store sales thrive
Joules has said it expects its full-year profits to be ahead of analyst expectations after a stellar year for ecommerce and rebounding store sales.
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NewsMorrisons sale prospect prompts plea from hard-pressed UK farmers
The ongoing speculation around the possible sale of Morrisons to a private equity firm has prompted a plea for continued support from the farmers union.
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NewsConcern mounts over private equity interest in grocers following failed Morrisons bid
Both Usdaw and the shadow minister for business and consumers have raised concerns about private equity ownership of UK grocers as takeover speculation mounts.
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AnalysisAnalysis: Why is retail directors’ pay prompting a shareholder backlash?
Following a big shareholder revolt over Morrison’s decision to award executive bonuses and with JD Sports also likely to be in the firing line, Retail Week looks at why executive pay is becoming increasingly contentious.
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NewsMorrisons spurns £5.5bn takeover approach from US private equity firm
Morrisons has rebuffed a shock takeover bid from a US buyout firm advised by former Tesco boss Sir Terry Leahy, a move that could spark approaches from rival bidders.
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NewsMorrisons rebuffs £5.5bn takeover bid from private equity firm CD&R
Morrisons has rejected a takeover bid from American private equity giant Clayton, Dubilier & Rice (CD&R).
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NewsTesco sales rise but growth ‘moderates’ as Covid restrictions ease
Tesco has posted an uptick in first-quarter sales but cautioned that growth “moderated” during April and May as Covid-19 restrictions eased.
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NewsHalfords drives profit growth as it accelerates transformation
Halfords has reported a strong full-year performance after increased demand for categories such as cycling, partly fuelled by the pandemic.
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NewsDr Martens’ sales and profits rise in IPO year
Footwear retailer and brand Dr Martens has reported increased sales and profits for the year that brought its IPO.
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NewsCompetition watchdog greenlights Issa brothers’ Asda takeover
The Competition and Markets Authority (CMA) has greenlit the Issa brothers and TDR Capital takeover of Asda, allowing the new owners to push forward with their new strategy for the grocery giant.
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NewsH&M sales rise despite European closures
H&M recorded strong sales in the second quarter despite the impact of the pandemic on various markets.
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NewsBoohoo records surge in first quarter sales despite international ‘uncertainty’
Boohoo has posted a strong uplift in sales during its first quarter against strong comparitives, with the US and UK driving momentum.