All City & finance articles – Page 89
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NewsApple’s UK stores paid only £800,000 in tax despite surging sales
Apple’s retail division paid just under £800,000 to HMRC, after utilising a stock option scheme loophole to minimise its tax burden.
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NewsJD Sports appoints Andrew Higginson as new chair
Fashion giant JD Sports has announced the appointment of former Morrisons non-executive Andrew Higginson as the new chair of the group.
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AnalysisHow Currys plans to seize market share opportunity from cost-of-living crisis
Currys boss Alex Baldock has set out how the electricals retailer will ‘keep the customers coming back’, despite the increasingly challenging trading environment.
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NewsWatches of Switzerland hails ‘strong momentum’ as profits surge
Watches of Switzerland has clocked up a surge in profits and insisted it has built “strong momentum” as it bounces back from the coronavirus crisis.
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NewsCurrys posts rise in profit but warns of ‘uncertain’ outlook
Currys has posted an increase in full-year earnings but cautioned that “the outlook for consumer spending is uncertain” as the cost-of-living crisis mounts.
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NewsAO launches £40m share placing after insurer cuts cover
Pureplay electricals giant AO is aiming to raise £40m through a share placing weeks after its credit insurance for suppliers was cut.
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AnalysisAnalysis: Sainsbury’s boss Roberts’ key takeaways on inflation, suppliers and staff pay
Sainsbury’s chief executive Simon Roberts faced questions on everything from inflation and supplier relationships, to staff pay and Argos’ ongoing underperformance as he presented details of first-quarter trading to the media this week.
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NewsM&S defends Rowe bonus in face of significant investor revolt
Marks & Spencer has defended its stance on director remuneration – including that of departing chief executive Steve Rowe – after a substantial proportion of investors opposed the package.
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NewsSainsbury’s reports sales drop as finance chief steps down
Sainsbury’s has posted a fall in first-quarter sales and named a new chief financial officer to replace Kevin O’Byrne.
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NewsAO shares plummet as insurer cuts cover
Questions have been raised over AO’s finances after its credit insurer reduced its cover.
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NewsPret a Manger sales soar boosted by regional store growth
Pret a Manger has recorded soaring sales, beating its ambitions to double the business over the next five years.
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Opinion‘Boots needs more TLC to create value, whoever owns it’
After failing to find a buyer for Boots, Walgreens insists “it is an exciting time” for the health and beauty stalwart, but without innovation and investment it risks falling behind, writes George MacDonald
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NewsBoots revenues rise across the board as Walgreens axes sale plans
Boots has posted a rise in sales across all categories, driven by market share gains in beauty.
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NewsHilco acquires fashion retailer Cath Kidston
Investor Hilco is understood to have acquired fashion retailer Cath Kidston, famous for its distinctive design.
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NewsFrasers snaps up stake in fashion marketplace MySale
Frasers has bought a 28.7% stake in Australia-based fashion marketplace MySale, which it said would help it clear end-of-line stock.
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NewsH&M boss Helmersson names three key investment areas
H&M profits and sales beat expectations as the retailer achieved more full-price sales.
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NewsMorrisons blames ‘very challenging’ trading environment for sales drop
Supermarket giant Morrisons has blamed surging inflation and subdued customer sentiment for a drop in second-quarter sales.
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NewsOne-off lease disposal and surging sales behind jump in Mulberry profits
Mulberry has reported a jump in profits off the back of a one-off lease disposal and surging sales in the UK and Asia Pacific markets.
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NewsMoonpig sales and profits drop in first full year results since float
Moonpig has reported falling sales and profits in its first full-year results since it floated on the London Stock Exchange.
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NewsShop prices soar as inflation hits highest rate since 2008
Shop prices have soared across all the metrics with inflation hitting the highest point in 14 years, with consumers facing the biggest cut in income since the 1970s.