All City & finance articles – Page 359
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AnalysisTesco profit warning: Five 'significant' changes boss Dave Lewis has made
Despite today’s profit warning, Tesco chief executive Dave Lewis insists he is changing the grocer for the long term.
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AnalysisTesco issues full-year profit warning: What the analysts say
Tesco has warned its profits for the full financial year will not exceed £1.4bn, well below the £1.8bn to £2.2bn initially expected.
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NewsAsos growth slows following overseas sales weakness
Asos has reported a slowdown in quarterly sales growth after a strong UK performance was offset by international sales falling 2%.
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NewsTesco issues profit warning ahead of full-year results
Tesco has issued a profit warning, saying its full-year profits will be significantly below market expectations.
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NewsBlue Inc raises £4m to invest in online and international propositions
Blue Inc has raised £4m in funding to grow its market share through investment in its online proposition and international business.
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NewsSainsbury's activist fund sparks takeover fears over share raid
Sainsbury’s could face a takeover of the business as a result of activist investor fund Crystal Amber entering talks with overseas investors about a share raid on the grocer.
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NewsEvans Cycles' private equity owner eyes £100m sale of company
Evans Cycles’ head of marketing has confirmed that a sale is “one of the options” being considered by the retailer’s private equity owner.
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NewsPrimark latest fashion retailer to report sales hit after warm autumn
Value fashion giant Primark has become the latest clothing retailer to report a hit to sales as a result of the warm weather in autumn.
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NewsAlliance Boots buys stake in Chinese pharmaceutical giant
Alliance Boots has completed the acquisition of a stake in one of China’s biggest pharmaceutical companies, Nanjing Pharmaceutical Company.
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NewsMulberry reports pre-tax loss as it continues to drive return to growth
Mulberry has reported a pre-tax loss of £1.1m in its interim results as it continues to take steps to return the business to growth.
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NewsPets at Home reports strong sales and profits in interim results
Pets at Home has reported strong sales and profits in its interim results and remains confident about its prospects for the future.
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OpinionComment: How will Osborne’s business rates review impact retailers?
The Chancellor’s business rates announcement could be an easy way of appearing to be addressing the issue without actually having to do anything.
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NewsEdinburgh Woollen Mill profits up as it plots 100 new stores
Edinburgh Woollen Mill has unveiled a rise in group profits as it plots 100 store openings in the next two years.
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OpinionComment: What was the weak link in Tesco’s financial controls?
Having dealt with a misreported payment himself, Tesco boss Dave Lewis faces a difficult task picking up the pieces at the retailer.
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OpinionComment: Bonmarché has driven sales by knowing its audience
Bonmarché first-half profits and sales surged as it kept focused on its core customers despite being hit by warm autumn weather.
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NewsPark Group sales up on back of rising consumer confidence
Christmas voucher specialist Park Group said rising consumer confidence helped sales soar 21% to £58.5m in the six months to September 30.
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AnalysisTesco's Dave Lewis overhauls management: What the analysts say
Tesco chief executive Dave Lewis has assumed temporary responsibility for the UK as part of a raft of senior management changes at the grocer.
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NewsMcColl's reports 'solid' full year as like-for-likes edge up
Convenience retailer McColl’s reported a 0.7% rise in like-for-like sales in its first full-year update since its IPO in February.
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NewsAlliance Boots acquires skincare brand Soap & Glory
Alliance Boots has acquired skincare brand Soap & Glory from founder and entrepreneur Marcia Kilgore.
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NewsBonmarché profits and sales surge as product and pricing overhaul pays off
Bonmarché has posted a surge in half-year profits as sales rise following an overhaul of its product, pricing and supply chain.