All City & finance articles – Page 8
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Chart of the WeekChart of the Week: How Amazon’s capex compares to all retailers in the FTSE 350
Amazon’s capex totalled $132bn in its last financial year. Put all of the spending of major UK retail businesses together, and you don’t come close to that.
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NewsB&M appoints Asda commercial finance VP as new CFO
B&M has announced it has appointed a new chief financial officer, starting the role from early next year.
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NewsAsda slumps deeper into the red as losses near £1bn
Supermarket chain Asda slumped deeper into the red last year, according to its most recent set of accounts filed with Companies House.
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NewsTGJones squeezes suppliers in last-ditch rescue attempt
The owner of WHSmith’s former high street chain risks a wave of fresh criticism as the retailer seeks to postpone repayments owed to major suppliers.
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NewsDebenhams CEO’s pay more than halves as turnaround continues
Debenhams boss Dan Finley saw his full-year pay plummet 85% as the online retail giant continues on its multi-year transformation to turn around the business.
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NewsMarks Electrical improves losses but revenue slips
Marks Electrical has posted its full-year trading results, showing an improved second half of the year with improved losses. However, revenues were down.
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NewsModella to improve TGJones restructuring terms after facing opposition
The owner of TGJones is expected to enhance its restructuring proposals after a backlash from landlords.
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NewsTesco posts sales rise as customer satisfaction climbs
Leading grocer Tesco has reported a sales increase in its first quarter, when online revenues rose strongly.
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AnalysisThe City’s reaction to AO’s soaring sales, profits, and strongest-ever balance sheet
Online electrical retailer AO posted its full-year results to March 31, 2026, today, reporting its strongest-ever balance sheet as sales and profits leaped.
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NewsMorrisons hails ‘good progress’ as profits and sales jump
Morrisons says it is making good progress against its priorities, after delivering a 14th quarter of like-for-like growth and a jump in underlying profits.
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NewsGarden Centre group Blue Diamond raises £60m for deals and investment
Leading garden centre group Blue Diamond expects to win investment of £60m to finance deals and build the business further.
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NewsAO’s balance sheet ‘strongest in history’ as profits and sales soar
Electricals retailer AO has said its balance sheet is the “strongest in our history” as profits and sales in the last financial year soared.
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AnalysisCan Debenhams Group get over its sales problem?
Momentum is building at Debenhams as the PrettyLittleThing owner revealed this morning that it was on track to return to sales growth after more than five years.
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NewsDebenhams Group hails turnaround success as every brand turns profitable
Debenhams Group has hailed its turnaround as “firmly on track”, as EBITDA has risen and all of its brands made a return to profitability.
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NewsThe Cotswold Company hits record sales
The Cotswold Company has posted another record year of sales driven by store openings and new ranges.
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NewsSainsbury’s kicks off search for new chair
Supermarket giant Sainsbury’s is in the market for a new chair, having instructed headhunters to begin searching for a replacement for Martin Scicluna.
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NewsSigma Healthcare pulls out of Boots talks
The Australian pharmacy group said the deal would “not currently meet its strategic and capital investment objectives”.
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NewsHomewares retailer Dusk eyes London float
Homewares retailer Dusk is reportedly appointing advisers ahead of a potential £300m float on the London Stock Exchange.
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NewsWaterstones owner shows interest in takeover of The Very Group
Waterstones owner Elliott Advisors is reportedly among several parties eyeing up a potential takeover of The Very Group.
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NewsTGJones pledges lower prices and more staff hours in-store after restructuring
The boss of TGJones, the rebranded WHSmith high street business, has outlined a new vision for the retailer as it seeks to restructure.