All City & finance articles – Page 81
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NewsPets at Home profits fall due to increased costs of energy and freight
Pets at Home has blamed rising energy and freight costs for a slump in profit before tax, but has not changed its full-year guidance as customer levels remain strong.
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NewsJoules makes senior team redundancies following administration
Embattled fashion brand Joules has made several senior directors redundant, just a week after it collapsed into administration.
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NewsAO hails ‘solid’ progress despite widening losses
AO has hailed “solid progress” in its plan to focus on profitability over growth, despite suffering widening half-year losses.
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OpinionGraham Bell: ‘Retailers have as big a role as government in tackling cost-of-living crisis’
Retailers are undoubtedly operating in an ongoing challenging environment, with consumers facing the challenges of the increased cost of living against the backdrop of a looming recession.
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NewsIceland founder Sir Malcolm Walker rebuffs takeover interest
Walker has seen “frequent approaches” for the chain and opportunistic investors buying its debt at a discounted rate
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NewsWilko in talks to secure £30m emergency loan
Wilko is on the hunt for a £30m cash injection as crippling cost pressures intensify in the run-up to Christmas.
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NewsTesco offers staff pay advances to help with cost-of-living crisis
Supermarket giant Tesco is offering staff advances in their pay to help them navigate key debt deadlines amid the ongoing cost-of-living crisis.
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NewsJoules collapses into administration putting 1,600 jobs at risk
Fashion retailer Joules has collapsed into administration just days after talks over financing broke down putting 1,600 jobs at risk.
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NewsCard Factory upgrades profit outlook as sales climb
Card Factory has raised its profit forecast for the full year following “stronger than expected” sales.
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AnalysisStrategy spotlight: Five ways Amazon is sharpening focus for profitable growth
No retailer is immune to current market pressures, not even Amazon.
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NewsDebenhams administrators rake in more than £7m as fees spike
The administrators of collapsed department store chain Debenhams have raked in almost £2m in fees during the current financial year alone after a hike in fees.
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NewsTesco, Sainsbury's and M&S bosses call for business rates freeze
The bosses of some of the UK’s biggest retailers have urged chancellor Jeremy Hunt to freeze business rates as part of his autumn statement this week.
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NewsJoules to appoint administrators after financing talks collapse
Joules has filed a notice of intention to appoint administrators after last-ditch efforts to secure emergency funding collapsed.
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NewsAmazon launches cost-cutting review of unprofitable business units
Amazon is carrying out a broad cost-cutting review that will pare back parts of the business that have not been profitable.
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AnalysisMade.com: What should Next do to make its new acquisition thrive?
Making new acquisition Made.com a success will not be without its challenges for Next, but it starts from a strong financial and strategic position
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NewsRevolution Beauty founder and CEO steps down following accounting scandal
Revolution Beauty’s founder and chief executive Adam Minto has resigned from the business as it undergoes an investigation into its accounts.
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NewsNext to buy Made.com out of administration
Next has struck a deal to rescue embattled homewares etailer Made.com from administration.
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NewsMarks & Spencer profits rise after 'standout' fashion sales
Marks & Spencer has posted a rise in profits during its first half following “robust” trading across its food and clothing and home divisions.
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NewsMarks Electrical boss: We're winning spend while John Lewis 'neglect their customers'
Marks Electrical boss Mark Smithson has insisted the retailer is winning market share from competitors such as John Lewis that “neglect their customers”.
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NewsPrimark UK sales back to pre-Covid levels as customers flock to stores
Primark has reported that its like-for-like sales in the UK have returned to pre-Covid levels.