All City & finance articles – Page 150
-
NewsAdidas and Puma profits battered by coronavirus
Sportswear giants Adidas and Puma have suffered a drop in sales in China as a result of coronavirus and warned the disruption would impact other markets.
-
NewsWHSmith warns on profit as coronavirus hits travel business
WHSmith has slashed its full-year profit forecast as the coronavirus pandemic takes it toll on its travel division.
-
NewsInterest rates slashed in emergency move ahead of budget
The Bank of England has this morning announced an emergency cut in interest rates in a bid to shore up the faltering economy hit by the gathering coronavirus outbreak.
-
NewsB&M completes sale of German business
Value retailer B&M has completed the sale of its German business Jawoll, five months after opening a strategic review into its performance.
-
OpinionBryan Roberts: Tesco’s Asian windfall would be better spent on stores
The ongoing unravelling of the great retail globalisation myth has taken its latest step with the news that Tesco has completed its withdrawal from Asia, through the proposed sale of its operations in Thailand and Malaysia.
-
NewsFrench Connection swings to loss as UK woes continue
French Connection has swung to a loss after a worse-than-expected year and says the chances of trading improving in the UK in the foreseeable future are unlikely.
-
NewsDFS profits fall as coronavirus plays havoc with full-year guidance
DFS has reported a decline in both profits and sales and warned that the developing coronavirus outbreak has made it impossible to give accurate guidance on its full-year results.
-
NewsUsdaw calls on chancellor to ‘save our shops’ ahead of budget
Usdaw has added its voice to retailers in calling on the chancellor to deliver urgently needed business rates reforms to “tackle the retail sector crisis”.
-
NewsReiss profits and sales soar after ‘strongest’ results in its history
Reiss has reported soaring profits and sales for the last financial year, in what the brand described as its “strongest” set of results in its history.
-
NewsJohn Lewis pays lowest bonus since 1953 as profits slump
John Lewis Partnership will pay staff its lowest bonus for more than 60 years after suffering a drop in full-year profits and a write-down in the value of its property.
-
NewsB&Q and Screwfix owner Kingfisher relegated from FTSE 100
DIY giant Kingfisher has been booted out of the FTSE 100 following its quarterly review.
-
OpinionOpinion: The CMA is on a power trip – and retail should be worried
Lord Andrew Tyrie hasn’t written his memoirs yet. If and when he does, he might want to consider borrowing the title: How to Lose Friends and Alienate People.
-
NewsIntu to explore options after £1.5bn equity raise fails
Intu has failed to raise the £1.5bn needed to refresh its credit ahead of publishing its full-year financial results next week, but said it remained hopeful of fixing its balance sheet.
-
NewsGreggs profits and sales climb in ‘exceptional’ year
Greggs has reported a strong rise in full-year profits and sales but warned that its current year’s financial performance could be hit due to “the potential impact of coronavirus”.
-
NewsKingfisher and Morrisons FTSE 100 status in jeopardy
B&Q owner Kingfisher and grocer Morrisons both face potential ejection from the FTSE 100 this week.
-
NewsDebenhams rejects claims that lender commitment is in doubt
Debenhams has slammed down suggestions that the commitment of its lenders to a debt for equity swap is in question and that debt restructuring was reliant upon more deep rent reductions.
-
NewsAsda circled by raft of potential buyers
Petrol station tycoons and private equity houses are understood to be among those interested in taking a majority stake in Walmart-owned Asda.
-
NewsCoronavirus could spark UK economic growth downgrade
The coronavirus crisis could spark a downgrade of economic growth in the UK, the governor of the Bank of England has warned.
-
NewsConsumer confidence inches up for third month in a row
Consumer confidence rallied for a third straight month in February as wages and house prices rose, unemployment remained low and inflation stayed stable.
-
NewsTopps Tiles warns on profits as sales slide
Topps Tiles has warned that profits will fall below expectations after continued tough trading.