Latest finance news – Page 21
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NewsNext upgrades profit guidance after ‘better than expected’ first quarter
Next has upgraded its profit before tax guidance for the full year, after warmer weather led to a “better than expected” first quarter of trading.
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NewsCard Factory boss: American expansion represents ‘a £60bn opportunity for us’
Card Factory chief executive Darcy Willson-Rymer says its expansion into the United States represents a potentially “£60bn opportunity for us”.
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NewsCard Factory sales and profits surge thanks to store expansion and growing proposition
Cards and gifts specialist Card Factory has “outperformed” the market as sales and profits for the full year surged thanks to growing store estate and product category evolution.
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NewsSkechers to be taken private in bumper buyout deal
Footwear retailer Skechers is set to be taken private as it agrees acquistion by private equity investment firm 3G Capital.
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NewsZalando maintains guidance following surge in first quarter profits and sales
Online fashion giant Zalando has maintained its full year guidance despite ongoing turbulence within the “geopolitical and macroeconomic environment” as first quarter profits and sales surged.
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NewsWHSmith buyer restricted from immediate store closures
The new owner of WHSmith’s high street stores cannot initiate widespread closures for at least 12 months, despite planning rapid restructuring at its other retail properties.
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NewsConsumer confidence in Marks & Spencer dented by cyber attack
The cyber attack on Marks & Spencer has knocked confidence in the famous retailer, but underlying trust remains strong.
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NewsAmazon secures first quarter growth despite tariff uncertainty
Amazon posted strong first-quarter growth for 2025, exceeding Wall Street expectations for now three quarters in a row.
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NewsApple exceeds forecasts as consumers stock up amid tariff chaos
Apple saw iPhone sales climb as wary consumers rushed to secure new iPhones before Trump’s tariffs impact prices.
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NewsSpace NK owner starts formal sale process
The owner of beauty chain Space NK has begun a formal sale process expected to be worth £300- £400m.
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NewsMarketplace OnBuy cites Trump’s tariffs for leap in UK sales
Online marketplace OnBuy has reported record sales figures and cites President Trump’s tariffs as one of the reasons for sales growth.
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NewsFrasers Group gears up for members-only Matches Fashion return
Mike Ashley’s Frasers Group is understood to be gearing up to relaunch collapsed luxury retailer Matches Fashion as an “exclusive members’ club”.
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NewsPuma to move UK HQ from London to Manchester
The German sportswear brand has agreed the lease of a 20,000 sq ft workspace at No.3 Circle Square, in the Oxford Road Corridor in Manchester.
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NewsTapi confirms opening dates for raft of former Carpetright stores
Tapi has confirmed the opening dates of seven new stores since its takeover of Carpetright.
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NewsBurberry begins search for new chair
British luxury group Burberry is using headhunters to find a successor to chair Gerry Murphy.
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NewsB&M names interim CEO as Russo departs
B&M group chief finance officer Mike Schmidt has been appointed as interim chief executive at the value retailer.
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NewsNew Post Office CEO extends in-branch cash services to 2030
Neil Brocklehurst was confirmed as the new Post Office CEO today, having been acting chief executive since September.
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NewsAdidas holds firm on guidance but warns of US tariff ‘uncertainties’
Sportswear giant Adidas has held firm on its guidance following a “strong” first quarter but warned of eventual price hikes and ongoing “uncertainty” within the market as a result of US tariffs and “macroeconomic risks”.
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NewsGymshark profits slip despite surge in sales in another ‘strong’ year of growth
Gymshark’s profits have slipped for the full year, despite a surge in sales that surpassed £600m for the first time.
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NewsPrimark sales grow in key markets but decline in UK and Ireland
Primark has reported a sales decline in the UK and Ireland, but the rest of its key markets showed growth.