All City & finance articles – Page 43
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NewsWHSmith ‘well positioned’ for summer as travel business booms
WHSmith has maintained its guidance and said it is “well positioned” ahead of the peak summer trading period as it continues to take steps towards being a “one-stop shop” for travel essentials.
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AnalysisShein: Why is a London listing likely to get the green light?
As the highly-anticipated London listing for Shein reportedly draws closer, Retail Week explores whether it will get the go-ahead and if so, why.
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NewsBath & Body Works posts ‘better than expected’ results
US-based retailer Bath & Body Works has “narrowed” its guidance for the full year as it recorded “better than expected” results.
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NewsSportswear retailer founded by ex-footballer posts ‘strong’ year of growth
A sportswear retailer founded by a retired British footballer has reported a ”strong” year of growth as it continues its expansion strategy.
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NewsFrasers drafts in former City regulator boss
Frasers Group has named the former boss of the Financial Reporting Council as its newest non-executive director.
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NewsBoots billionaire’s holding plummets by $2bn
The tycoon behind Walgreens Boots Alliance has seen more than $2bn wiped from his fortune.
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AnalysisFrom AI to M&A – what retailers are spending their money on
The ring of the tills might be what drives retail, but to keep customers spending retailers need to invest in improvements. Retail Week looks at where some of the biggest – and most successful – retailers are directing their spend
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NewsShein to submit prospectus for London float
Shein has taken a step towards embarking on its much-anticipated float on the London Stock Exchange, which is expected to value the fast-fashion giant at around £50bn.
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NewsFrasers Group tops up Hugo Boss stake
Mike Ashley’s retail empire Frasers Group has increased its stake in the luxury fashion brand Hugo Boss.
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NewsJD Sports given boost by trainer sales and in-store shopping
JD Sports has maintained its profit guidance in a “volatile” market as in-store sales climb.
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NewsBoots reports surge in profits driven by beauty sales
Boots has reported a surge in profits as beauty sales and footfall across stores increased in the year ending August 31, 2023.
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NewsAbercrombie & Fitch ups guidance after ‘outstanding’ quarter
Abercrombie & Fitch has reported a surge in profits and sales during its first quarter and upped its guidance for the full year off the back of this success.
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NewsDr Martens profits and revenues fall as it enters ‘year of transition’
Dr Martens says the upcoming financial year will be a “year of transition for the business”.
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NewsRecipe-in-a-box brand Gousto back in the black
Recipe box brand Gousto has returned to underlying profitability and even beaten previous guidance, despite the cost-of-living crisis.
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NewsMarks & Spencer names new chief financial officer
Marks & Spencer has appointed a new chief financial officer whose experience includes transformation
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NewsPets at Home holds firm on guidance despite decline in profits
Pets at Home has reported a drop in profits for the full financial year but has maintained its guidance after a “pivotal year” of progress at the retailer.
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NewsBoohoo U-turns on executive bonuses after shareholder backlash
Boohoo has backtracked on plans to pay bonuses to its senior executive team after significant backlash from shareholders.
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NewsLabour says it is ‘the natural partner of business’ as more bosses back party
In her first major speech of the election campaign, the shadow chancellor described Labour as “the natural partner of business”.
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NewsJD Sports results delayed after reduced profit expectation
JD Sports has put its results on hold, but the sportswear retailer expects to meet its reduced profit guidance.
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NewsBoohoo faces shareholder revolt after loss-making bosses rewarded bonuses
The pureplay fashion retailer is facing a revolt from shareholders after its senior executive team was rewarded with bonuses despite the business raking up a loss of nearly £160m, The Times reported.