All City & finance articles – Page 3
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NewsSeasalt sees £3m hit from closed US stores
Seasalt decided to shutter its US stores earlier this year, with the discontinued operations having cost the business £3m across its latest financial year.
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NewsHalfords raises profit forecast as warm summer boosts sales
Halfords has raised its full-year profit forecast, as a run of strong sales and an unusually hot summer have pushed profit above forecasts.
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NewsTemu owner blames domestic competition and international regulation for fall in profits
Temu owner PDD Holdings reported a fall in second-quarter profit and revenue that missed market estimates, blaming fierce competition in China and regulatory pressures abroad.
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NewsFrasers calls for resignation of Accent Group chair as takeover bid drags on
Frasers Group chief financial officer Chris Wootton has issued a letter to Australian retailer Accent Group chair Lawrence Myers, calling on him to resign following the publication of the brand’s FY26 results.
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Opinion‘As Shein finally floats, its best days may be behind it’
A much-diminished valuation and market challenges haven’t dissuaded Shein from proceeding with an IPO, but can it keep up the pace that made it so disruptive, asks George MacDonald.
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NewsTGJones owner Modella ‘sounded out’ about Poundland deal
The owner of TGJones, investor Modella Capital, is among the parties potentially interested in buying Poundland.
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NewsShein shoots for $27bn valuation in upcoming IPO
Shein is aiming for a stock market valuation of almost £20bn when it makes its debut in Hong Kong next month.
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NewsPoundland overstated sales by £60m before it was sold for £1
Numerous balance sheet errors were revealed during a review of Poundland during its acquisition by Gordon Brothers last year.
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NewsLoaf founder bought out by River Island’s Lewis family investment fund
Loaf founder Charlie Marshall, who began the business in 2008, has sold his share of the business to the Lewis family’s Blue Coast Capital.
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AnalysisWhere to next for JD Sports as it loses its footing at home and abroad?
After trimming its profit outlook for the full year, analysts and insiders worry it’ll be an uphill battle for JD Sports to get back on firmer footing.
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Opinion‘Poundland should go for more than £1 this time around’
A back-to-basics turnaround looks as if it’s paying off for Poundland, believes George MacDonald
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NewsPoundland reports big earnings improvement amid potential sale talks
Value specialist Poundland has achieved “positive EBITDA” as it prepares to open its first new branch in two years, Retail Week can reveal.
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NewsJD Sports trims profit outlook as sales slump across key markets
JD Sports has trimmed its full-year profit outlook this morning (August 20), citing weak consumer demand as sales fell across key markets, including the UK and the US.
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NewsSummer feel-good factor continues as consumer confidence improves
The UK public is increasingly likely to think the economy will improve, according to the latest Opinium-BRC survey, with the retail body saying the Burnham administration was enjoying a “honeymoon boost”.
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NewsLandsec close to £500m deal for Gateshead Metrocentre - reports
Landsec is close to a deal for what was once Europe’s largest shopping centre, but may need to go to shareholders to find funding, The Times has reported.
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NewsAngling Direct posts strong sales increase during store expansion push
Revenue at the specialist fishing retailer increased by 5.1%, with UK trading up by 6.9% during the six months ending July 31, 2026
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NewsPoundland owner weighs up sale a year after takeover
Poundland owner Gordon Brothers is understood to be considering a sale of the discount chain just over a year after taking it over.
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NewsThe Works’ investor encourages shareholders to vote in new director
The Works’ third-biggest shareholder has encouraged shareholders to vote for a new director at its AGM, after the board recommended a vote against.
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NewsMorrisons debt burden grows at year-end
Morrisons’ debt climbed in its last reported financial year, company filings have revealed.
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NewsFrasers acquisition of Harvey Nichols imminent
Tycoon Mike Ashley’s Frasers Group is poised to buy the famous department store group Harvey Nichols as early as today.