All City & finance articles – Page 28
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NewsShein’s London IPO is facing further delays due to new supply chain questions
The approval of Shein’s IPO has been delayed due to unanswered questions around its supply chain and legal risks as a result of challenges by a new advocacy group for China’s Uyghur population.
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AnalysisWarsaw pact: How Poundland’s poor performance is starting to weaken its Pepco alliance
While its parent company Pepco is flying, Poundland has problems. Why is the high street value staple performing so badly at a time when it should be going from strength to strength?
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NewsProCook sales have jumped as Christmas trading momentum picks up
ProCook has said trading momentum has picked up and posted an increase in first-half sales during a strong golden quarter.
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NewsInditex has reported a strong start to Christmas trading as sales and profits soar
Zara owner Inditex has reported a strong start to festive trading, as sales and profits soared over the year.
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NewsMoonpig has swung to a loss despite rise in sales
Online greetings card retailer Moonpig has swung to a half year loss as its experiences arm struggles amid “difficult” trading conditions.
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NewsBoohoo has urged shareholders to consider Frasers Group's 'true motivation'
Boohoo has written to shareholders urging them to consider the “true motivation” behind Frasers’ behaviour as they prepare to vote for Mike Ashley’s resolutions at a general meeting tomorrow.
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NewsPoundland impairment charge has cost Pepco hundreds of millions in losses
Poundland owner Pepco has reported a net loss due to a non-cash impairment charge for the high street discounter.
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NewsChancellor sticks to her guns at Budget meeting with retail leaders
Retail representatives have met chancellor Rachel Reeves to detail industry concern over the extra costs imposed in the recent Budget.
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NewsFrasers is seeking control of embattled Norwegian sports retailer
Department stores and sports goods group Frasers is seeking to take control of Norwegian sports specialist XXL, where it’s already the second biggest shareholder.
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NewsQuiz launches business review as sales and cash dry up
Fashion retailer Quiz has begun a review of financing and strategic options following poor trading that has resulted in lower than expected cash headroom.
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News‘The Tories put the economy in a coma and Labour have turned the machine off’, says Frasers Group CFO
The chief financial officer of Sports Direct owner Frasers Group blamed the lack of consumer confidence in the run up to Christmas on the recent Labour Budget, which has “attacked a sector” in need of help.
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NewsWatches of Switzerland is upbeat heading into Christmas despite plummeting profits
Watches of Switzerland boss Brian Duffy has said the brand is performing “encouragingly” heading into Christmas, despite profits plummeting at the retailer.
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NewsFrasers has blamed the Budget after profit warning
Frasers Group has this morning issued a profit warning, blaming the Budget and recent tough trading conditions for the £50m hit to its bottom line.
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NewsGymshark chief financial officer has stepped down after two years in the role
Gymshark’s chief financial officer Mat Dunn has departed the business after two years in the role.
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NewsCash payments remain vital for retailers and customers, according to new survey
A new survey by the British Retail Consortium has reiterated the importance of cash to the sector, despite the growing uptake of cash-free transactions.
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NewsBoohoo partially repays loan as co-founder buys more shares in embattled fashion retailer
Fast-fashion giant Boohoo has announced the partial repayment of its £97m term loan as part of its recently completed refinancing.
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AnalysisThat’s a wrap: Have Black Friday and Cyber Monday been boom or bust for UK retail this year?
After a depressingly slow November, retailers could have been forgiven for thinking that Christmas spending might never come. With the promotions coming to an end, did Black Friday and Cyber Monday actually deliver?
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NewsCo-op extends sustainability revolving credit facility
C-store specialist Co-op has extended its £400m sustainability-linked revolving credit facility for another five years.
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NewsMothercare sales slip as it swings to loss
Mothercare has posted falling sales and sliding profits as it swings to a loss during the first half.
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NewsJust Eat to delist from London Stock Exchange
Delivery giant Just Eat has made the decision to quit the London Stock Exchange in order to save costs, in the latest blow for the City.