All City & finance articles – Page 48
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NewsPoundstretcher snapped up by Majestic Wine owner Fortress
Value chain Poundstretcher has been bought by Majestic Wine owner Fortress for an undisclosed fee.
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NewsPepco group sales rise but like-for-likes stutter as it unveils new CEO
Pepco has delivered something of a mixed bag as group sales jumped but like-for-like sales lapped tough comparatives as it unveiled a new group chief executive.
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AnalysisInflation, cost cutting and Clubcard clout – takeaways from Tesco’s Ken Murphy
As Tesco profits more than doubled to their highest level in more than a decade, boss Ken Murphy gave his thoughts on some of the key issues affecting the industry
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NewsTHG profits surge despite sales slip
THG has posted an increase in profits for the full year and maintained its profit guidance despite a slip in sales driven by “action to discontinue loss making categories”.
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NewsTesco profits and sales soar amid growing market share
Tesco has reported a surge in both profits and sales for the full year and hailed a surge in market share gains as inflationary pressures “lessened substantially”.
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NewsExclusive: Retail spend to take £2.4bn hit in 2024
Retail spending is expected to take a £2.4bn hit this year as consumers are impacted by “lower levels of affluence” amid the cost-of-living crisis, according to the latest research by Retail Economics and beBettor.
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NewsHome Bargains owner targets 1,000 stores after profit boost
TJ Morris, owner of discount retailer Home Bargains, has posted a rise in sales and profit as it looks to open more stores.
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NewsPhase Eight owner TFG completes £90m refinancing
TFG London, the owner of fashion brands Phase Eight, Whistles and Hobbs, has secured £90m in funding to support its growth strategy.
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NewsProCook ups profit guidance due to 'growing momentum'
ProCook has boosted its profit guidance in the wake of improvements to trading momentum and a growing market share.
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NewsTed Baker administrator closes 15 stores with 245 job losses
Administrator Teneo has announced the closure of 15 Ted Baker stores across the UK, resulting in 245 job losses at the fashion retailer.
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NewsRetailers face mounting pressure as insolvencies surge by 19%
Rising interest rates, escalating costs and restrained consumer spending have cast a shadow over retail, leading to a surge in insolvencies.
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NewsThe Body Shop administrator proposes CVA to rescue business
The Body Shop’s administrator has proposed a company voluntary arrangement (CVA) to rescue the business, according to a report outlining the struggling beauty chain’s financial position and the events leading up to its administration.
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NewsMajestic completes rescue deal for Vagabond Wines
Majestic Wine has announced the acquisition of Vagabond Wines following its collapse into administration last month.
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NewsCarpetright calls in advisers to cut costs as demand slows
Flooring retailer Carpetright has reportedly drafted in advisers to help explore cost-saving measures as demand for the business has slowed.
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NewsThe Works shareholders vote to move to AIM
The Works shareholders have voted to move the specialist retailer’s shares from the main market of London’s Stock Exchange to its sub-market AIM.
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NewsManzanita Capital to put Space NK up for sale
Space NK owner Manzanita Capital is in talks to appoint bankers to oversee a partial or complete sale of the premium high-street beauty retailer, Sky News reported.
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Opinion‘Superdry investors face stark choice as Dunkerton takeover bid stumbles’
In the few days since everybody was feasting on Easter eggs, Superdry’s share price has shattered into more pieces than Humpty Dumpty
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NewsExclusive: Theo Paphitis hits out over business rates as footfall return lifts Ryman
Retail entrepreneur Theo Paphitis has criticised the government for a “disappointing” attitude to the industry’s importance as his business achieved improved profitability.
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NewsDecathlon sales rise in ‘transformative year’
Sportswear giant Decathlon has reported a rise in sales as it revamped its global brand identity and laid “strong foundations for the future” in “a transformative year” for the company.
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NewsCo-op profits and sales drop as crime levels reach record high
The Co-op has reported a fall in profits and sales in the full year ending 2023 as it faced challenges due to increased levels of shoplifting and inflationary headwinds.