All City & finance articles – Page 120
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NewsNext pulls out of race to acquire Topshop
Next has withdrawn from the bidding process to acquire Arcadia’s Topshop brand, despite previously being pinned as the frontrunner to snap up the fashion retailer.
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NewsVaccine promises do little to boost consumer confidence
Consumer confidence dropped at the beginning of the year, despite promises that the vaccine would bring life back to normal.
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NewsEG Group appoints Lord Rose as new chair
EG Group, whose owners are buying grocery giant Asda, has appointed retail veteran Stuart Rose as its new chair to address issues with its corporate governance.
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NewsEve Sleep losses narrow after record festive sales
Eve Sleep has reported strong sales for 2020 including record Black Friday and Boxing Day events.
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NewsPets at Home sales climb as customer numbers soar
Pets at Home has recorded an uptick in sales over the golden quarter, as the retailer “adapted to the changing environment” amid the pandemic.
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Opinion‘Deliveroo IPO will be a bet on retail’s future direction’
“Shall we get something from Deliveroo tonight?” It’s a familiar conversation on thousands of sofas as locked-down consumers seek treats, convenience and a break from monotony.
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NewsBurberry hails ‘good progress’ as online sales surge over Christmas
Burberry has posted a spike in online sales during the golden quarter as it hailed “good progress” on its transformation strategy.
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NewsWHSmith delivers ‘better than anticipated’ Christmas as sales recover
WHSmith has hailed a “better than anticipated” performance during the Christmas period as it continued to rebuild its top line.
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NewsDixons Carphone raids Tesco for new finance boss as festive sales rise
Dixons Carphone has posted an increase in sales during the crucial Christmas trading period and unveiled the appointment of its new finance boss.
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NewsHotel Chocolat sales climb as digital initiatives accelerated
Hotel Chocolat has reported strong sales growth over Christmas after speeding up the pace of digital change in the face of the Covid-19 pandemic.
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NewsMoonpig presses button on IPO
Online greetings card specialist and technology platform Moonpig has confirmed its intention to float.
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NewsSuperdry turnaround hit by Covid disruption
Fashion retailer Superdry has posted a fall in sales and profits after the coronavirus pandemic took a toll, and cautioned about prospects as a ‘going concern’.
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NewsSeasalt Christmas sales rise buoyed by online demand
Seasalt has recorded an uplift in revenues over Christmas, as online orders “more than compensated” for lost store sales.
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NewsMatalan sales slip as store closures disrupt Christmas trading
Matalan has recorded a slide in sales over Christmas after online growth failed to mitigate the impact of enforced store closures.
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NewsLatest fundraising round values Deliveroo at more than £5bn
Deliveroo’s valuation has shot up to more than $7bn (£5.11bn) ahead of a long-awaited float, following another successful fundraising round over the weekend.
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NewsDr Martens confirms intention to float
Footwear specialist Dr Martens has become the latest retail brand to confirm its intention to float, with a reported valuation in excess of £3bn.
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NewsNext emerges as frontrunner in race to buy Topshop
Fashion giant Next has emerged as the leader in the race to salvage Topshop from the administration of the Arcadia brands.
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NewsUpdated: Jaeger axes over 200 jobs as M&S completes acquisition
Marks & Spencer has completed its deal to acquire the brand and stock from Jaeger, resulting in the fashion retailer axing its roles and shutting down its store estate.
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NewsUK economy shrinks in November, ending six consecutive months of growth
The UK economy shrank in November as coronavirus restrictions on consumers and businesses reduced economic activity.
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NewsN Brown suffers festive sales slide and warns of stock delays
N Brown has suffered a drop in revenues during its Christmas quarter despite hailing “continued improvement” in sales.