All City & finance articles – Page 5
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News
Deliveroo posts narrowing losses in ‘resilient year’
Deliveroo has reported narrowing losses and an increase in revenue in what the group described as a “resilient year of growth” amid tough macroeconomic conditions.
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News
Music Magpie 'confident' despite decline in profit and revenue
Music Magpie has reported a decline in overall revenue and profit for the year ending November 30, 2023.
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News
Zalando adopts new strategy designed to power growth
International fashion pureplay Zalando expects to return to growth as it follows a new strategy.
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News
Zara owner Inditex posts surge in sales and profits
Fashion giant Inditex, owner of fascias including Zara and Bershka, has reported an increase in annual earnings and revenue, which it said was driven by “strong execution”.
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News
Morrisons racks up annual loss of £1bn
Morrisons has suffered an annual loss of £1bn as it battled intense competition and laboured under the weight of debt.
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Opinion
‘Recent retail volatility has created M&A bargains’
The stock market’s lacklustre interest in retail is beginning to reflect in bid activity from investors attracted by some extremely low valuations, observes Matt Truman
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News
Mango profits double as sales surpass €3bn for the first time
Mango has announced soaring profits and sales for the 2023 financial year, with sales surpassing €3bn (£2.64bn) for the first time.
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Analysis
How issues around The Body Shop’s IP will shape its future
As The Body Shop’s woes deepen and one of its international businesses after another follows the UK arm into administration, Retail Week takes a look at what role the ownership of the retailer’s IP will play in shaping the brand’s future
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News
Ann Summers sales and profits heat up as shoppers return to stores
Ann Summers has posted an increase in full-year sales and profits as Halloween proved a hit and customers returned to in-store shopping.
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News
Superdry lines up Hilco to secure £20m loan
Embattled fashion retailer Superdry is reportedly having discussions with one of its existing lenders, Hilco, to negotiate a new multimillion-pound funding facility.
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News
Hugo Boss sales hit €4bn for first time in record year
Fashion retailer Hugo Boss has posted sales of more than €4bn (£3.4bn) for the first time in its history in a “record” year for the business.
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News
Abercrombie & Fitch sales surge across all regions and brands
Abercrombie & Fitch Co has posted a surge in sales in its fourth quarter and the full financial year, with sales up in all regions and across all brands.
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News
Foot Locker records losses despite sales rise
New York-based sports retailer Foot Locker has reported a net loss, despite sales being ahead of expectation in the fourth quarter of 2023.
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News
Issa brothers in talks to disentangle assets
Zuber Issa wants to buy out his older brother, Mohsin, from parts of their petrol station empire.
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News
Greggs profits and sales on a roll in ‘record’ year
Greggs has posted booming profits and sales as market share reached an “all-time high” and the food-to-go retailer maintained its guidance for the 2024 financial year.
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News
The Body Shop administrators investigate missing millions
The Body Shop’s administrators are investigating claims of millions of unaccounted funds that were taken out of the business before its collapse.
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News
Oxford Street revamp set to deliver £2.8bn in additional sales by 2033
The new £90m Oxford Street programme is expected to drive 5% to 10% in sales growth per year to potentially reach £2.8bn in additional sales between 2027 and 2033, according to the New West End Company.
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News
Superdry buyout deadline extended for Dunkerton
The deadline for Superdry co-founder Julian Dunkerton to make an offer for the retailer has been extended till the end of March.
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Opinion
‘Would London celebrate or shun a potential Shein IPO?’
A London listing by online fashion giant Shein would be a blockbuster arrival on an ailing stock exchange. But would the City welcome it with open arms or turn its back?
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News
Footasylum sales rise across all channels in year of ‘record growth’
Footasylum has posted sales growth across all business channels as it marks another year of “record growth”.