All City & finance articles – Page 74
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NewsTHG enjoys sales growth but misses downgraded earnings guidance
THG has reported an increase in revenue but missed its downgraded EBITDA expectations.
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NewsTHG shares surge off the back of private equity buyout approach
THG shares have surged after the retailer confirmed it received “a highly preliminary and non-binding indicative proposal” for a buyout from private equity firm Apollo Global Management.
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NewsQuiz sales soar as it hails ‘increased consumer demand’
Quiz has reported a 17% increase in revenue to £91.7m in the 12 months ending March 31.
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Opinion‘CEOs face the challenge of staying true to a long-term vision amid uncertainty’
Ahead of the World Retail Congress, Spencer Stuart’s Sally Elliott assesses the changing demands on retail chief executives and how effective succession planning can best position companies for success
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News‘Speed is of the essence’ for Superdry as it mulls equity raise
City analysts have warned Superdry that “speed is of the essence” if it wants to survive after the fashion retailer issued a profit warning and announced it was exploring an equity raise of 20% earlier today.
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NewsDr Martens issues profit warning as LA distribution centre increases costs
Dr Martens has issued a profit warning for 2023 as ongoing issues with its LA distribution centre meant costs were “higher than initial estimates”.
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NewsAO raises profit guidance again as it recovers from struggling market
AO has issued a trading update that shows increased profit guidance ahead of the release of its full-year results in July.
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NewsLVMH enjoys sales boom in ‘excellent start’ to the year
Luxury goods conglomerate LVMH has posted an “excellent start” to its financial year as sales boom in its first quarter despite trading in a “geopolitical and economic environment which remains uncertain”.
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NewsHolland & Barrett weighs up last-minute Planet Organic bid
Holland & Barrett, which is owned by Russian-linked investment group LetterOne, may be in talks to acquire struggling grocery chain Planet Organic and other assets, Sky News has reported.
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NewsTesco expects flat profits amid soaring inflation pressures
Tesco has posted a fall in profit for the full financial year and forecasts flat profits in FY 23/24 as a result of “unprecedented levels of inflation”.
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NewsSosandar achieves profit for first time as partnerships drive sales growth
Sosandar has achieved its first-ever year of profitability, crediting its “robust trading performance” to the success of its third-party partnerships with John Lewis, Marks & Spencer, Next and Sainsbury’s.
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NewsMarks Electrical hails strong business model as revenues soar
Pureplay retailer Marks Electrical has reported record revenue growth in its latest financial year, which it attributed to a strong business model that enhanced margin.
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NewsTopps Tiles hails omnichannel model after delivering record sales
Topps Tiles has said it is now the UK’s “clear market leader” in its category after delivering a record period in the first half of its financial year.
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NewsCo-op sales inch up but inflation dampens profitability
The Co-op has reported a small increase in its full-year revenue, but warned that ongoing inflation and volatility will dampen profitability in the immediate term.
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Opinion‘As Shein ponders IPO, is the “next Shein” already coming up the inside track?’
A Shein IPO would be testament to a retailer built at warp speed to gargantuan scale, but in current conditions investors may question how strong its prospects are as established digital giants retrench and new competitors emerge.
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NewsThe Original Factory Shop owner on the hunt for new buyers
The owner of The Original Factory Shop has kicked off a sale process after more than 15 years as the discount retailer’s owner.
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NewsNatura to focus on The Body Shop as it sells Aesop
Cosmetics giant Natura &Co is to focus on building The Body Shop after selling luxury brand Aesop.
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NewsJohn Lewis new CEO tells staff they must change business model ‘at pace’
New John Lewis Partnership chief executive Nish Kankiwala has told staff that the business model will have to be reformed “at pace”.
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NewsAsda profits plummet as inflation costs and investing in prices hit bottom line
Supermarket giant Asda has reported plummeting profits as spiralling costs and investing in keeping prices lower for customers hammered its bottom line.
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NewsBoots sales increase 16% as it wins market share in beauty
Boots posted a 16% year-on-year increase in sales in the three months to February 2023, driven by a “record-breaking” beauty performance.