All City & finance articles – Page 130
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NewsBoohoo sales and profits soar in first half
Boohoo has seen group revenues and profits soar in the first half of the year and said the momentum has continued into September, despite the fallout from the Leicester scandal.
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DataLeague table: Who have been Covid’s retail winners and losers?
Retail is in the midst of one of the most challenging periods in its history as the coronavirus pandemic wreaks havoc across the industry.
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NewsScS profits slide as store closures impact sales
ScS recorded a downturn in profits and sales in its full-year results due to the impacts of the coronavirus pandemic, but has since seen a strong recovery as it benefits from pent-up consumer demand.
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NewsCard Factory swings to loss as coronavirus hits sales
Card Factory has swung to a half-year loss after the coronavirus crisis battered its sales.
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NewsB&M raises profit forecast following first-half sales surge
B&M has raised its half-year profit guidance following a “strong” uplift in sales.
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NewsGreggs resumes store-opening programme as sales recover in September
Greggs has reinstated its store-opening plans after hailing “improving” sales during September.
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NewsHotel Chocolat strikes Hut Group deal in US as coronavirus hammers profits
Hotel Chocolat has struck a deal with The Hut Group’s Ingenuity technology arm to bolster its presence in the US after the retailer’s profits were hammered by the coronavirus crisis.
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NewsAldi to plough record £1.3bn investment into UK as profits surge
Aldi has pledged to invest £1.3bn into upgraded stores and distribution centres over the next two years after it saw record sales figures last year.
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NewsIntu Milton Keynes taken over by Ellandi
Property group Ellandi has been appointed asset manager for Intu’s Milton Keynes shopping centre.
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NewsConsumer confidence climbs in September but new restrictions loom
Consumer confidence rose in September as people began to return to offices, shops and restaurants.
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NewsRetail industry decries ‘missed opportunity’ in Sunak’s winter economy plan
Retail membership organisations and stakeholders have said the chancellor has missed an opportunity to help the retail sector with his winter economy plan.
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NewsRishi Sunak unveils new support scheme to protect ‘viable’ jobs
Chancellor Rishi Sunak has unveiled his new job support scheme in Parliament, in a bid to stave off a spike in job losses once the current furlough scheme ends.
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NewsPets at Home raises full-year expectations as sales climb
Pets at Home has said that sustained strong sales growth in its current financial year mean that it now expects profits to exceed market expectations despite wider economic uncertainty.
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NewsIndian giant Reliance Retail mulls Debenhams bid
Reliance Retail, which is owned by India’s richest man Mukesh Ambani, is reportedly considering a bid for part or all of Debenhams.
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NewsDFS swings to loss as sales slump in ‘disappointing’ year
DFS has fallen into the red in its preliminary results as sale declined, but boss Tim Stacey has stressed that the retailer’s performance has improved since stores reopened.
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NewsNike eyes permanent shift online as digital sales soar in lockdown
Nike’s online sales surged during its first quarter as its direct-to-consumer strategy bore fruit during lockdown.
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NewsJoules ‘encouraged’ by recovery despite sales slide
Joules suffered a drop in sales during its first quarter as store closures dented its top line, but boss Nick Jones insists he is “encouraged” by the retailer’s recovery.
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NewsPrivate equity firm Lone Star drops out of race to buy Asda
US private equity firm Lone Star has reportedly dropped out of the bidding war to purchase Asda, leaving asset manager Apollo as the leading suitor.
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NewsWalmart TikTok deal in doubt after Trump calls for US ‘total control’
US president Donald Trump has poured cold water on the mooted Oracle and Walmart takeover of TikTok, demanding the US companies have total control over the app.
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NewsKingfisher ecommerce sales soar as Garnier praises ‘resilient’ results
B&Q owner Kingfisher has seen ecommerce sales soar in the first half of the year and pre-tax profits climb in what chief executive Thierry Garnier hailed as a “resilient” set of results.