All City & finance articles – Page 128
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NewsBoohoo auditor quits over corporate governance concerns
Boohoo’s auditor PwC is stepping down amid concerns over the online retailer’s corporate governance.
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NewsMike Ashley’s Frasers Group makes fresh bid to buy Debenhams
Mike Ashley’s Frasers Group has revived its efforts to buy struggling department store chain Debenhams.
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NewsEG Group reports record quarterly profits
Petrol forecourt specialist EG Group, which is controlled by Asda’s new owners the Issa brothers, has posted a record quarter of profitability.
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AnalysisThe Big Question: Will Tier 2 lockdowns kibosh retail’s recovery?
As the Covid pandemic continues, swathes of the UK face local lockdown measures designed to lower rates of infection.
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NewsWalgreens Boots Alliance profits dragged down by UK sales slump
Walgreens Boots Alliance has reported a drop in its fourth-quarter sales and profits exacerbated by a plunge in demand across the group’s UK arm.
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NewsAO.com set for ‘biggest ever’ Christmas as interim sales soar
AO.com has delivered a strong rise in sales across both the UK and Germany as boss John Roberts says accelerated online sales amid Covid-19 have ‘emphasised our strengths’.
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NewsDeloitte resigns as Asda buyer EG Group’s auditor
EG Group’s auditor Deloitte has resigned just weeks after the petrol station giant’s co-founders sealed a £6.8bn deal to acquire Asda.
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AnalysisAnalysis: After a profits surge, why is Asos cautious as golden quarter kicks off?
While Asos’ profits and sales surged as it navigated the pandemic in recent months, the retailer has warned that the next few months may not be quite so rosy
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NewsJust Eat reports strong consumer appetite for food delivery
Food delivery specialist Just Eat has reported a rise in orders and expects a continued strong performance in the coming months.
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NewsAsos profits rocket as it adapts to Covid challenge
Onine fashion giant Asos has reported surging sales and profits after successfully navigating the pandemic so far, but it remained cautious on prospects as its young customers’ lives continue to be disrupted.
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NewsReliance Retail pulls out of race to rescue Debenhams
Reliance Retail has pulled out of the race to buy Debenhams as the embattled department store chain battles to secure its future.
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NewsPeacocks’ owner Edinburgh Woollen Mill teeters on brink of administration
Edinburgh Woollen Mill, the retail group controlled by billionaire tycoon Philip Day, is poised to collapse into administration.
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NewsPoundland acquires Fultons Foods, ploughs £25m into grocery offer
Poundland has snapped up frozen food retailer Fulton Foods for an undisclosed sum and plans to invest £25m into its grocery offering over the next two years.
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NewsBritish Land hails ‘encouraging’ rent collections for September
Property giant British Land has reported “encouraging” rent collections for September as tenants begin to recover from the impacts of the coronavirus pandemic.
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NewsVery Group returns to profit as sales top £2bn for first time
Online retailer The Very Group is back in the black after sales climbed in its last financial year.
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AnalysisAnalysis: Five priorities for new Tesco boss Ken Murphy
Tesco’s interim results today gave new boss Ken Murphy his first opportunity to address the City and experience the scrutiny that comes with being chief executive of Britain’s biggest retailer.
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NewsFrasers Group wins shareholder approval for £100m staff bonus scheme
Frasers Group has won approval from its shareholders to launch its first staff incentive programme since 2017.
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NewsSosandar interim sales jump despite ‘challenging’ environment
Sosandar has recorded a surge in sales at the half-year mark as the brand snaps up “significant market share” from its fashion rivals.
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NewsTesco poaches Tate & Lyle CFO as half-year profits and sales climb
Tesco has snapped up Tate & Lyle finance chief Imran Nawaz and reported a strong uplift in interim profits driven by shoppers flocking online during the pandemic and choosing to stock up with bigger shops less often.
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NewsIkea boss bets on store resurgence despite full-year sales dip
Ikea has reported a decline in full-year sales but group boss Jesper Brodin hailed the home and DIY retailer’s resilience and adaptability during the pandemic.