Latest finance news – Page 47
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NewsAmazon sales have surged but customers remain cautious and are seeking bargains
Sales at ecommerce giant Amazon have surged during its second quarter despite customers remaining cautious and trading down amid the cost-of-living crisis.
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NewsApple’s revenue has risen despite declining demand for iPhones
Technology giant Apple has reported an increase in revenue during the third quarter despite a continued decline in the demand for iPhones.
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NewsAsda owners to invest £30m into supermarket chain to arrest sales slump
Asda co-owner Mohsin Issa is set to inject £30m into the supermarket chain in a bid to reverse its sales slump trend.
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NewsPets at Home has maintained profit guidance as sales remain resilient
Pets at Home has reported a growth in total sales in line with expectations as it maintains its profit guidance for the full year.
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NewsNext has increased profit guidance as sales exceed expectations despite bad weather
Next has increased its full-year profit guidance as sales grew in the second quarter despite bad weather dominating most of the summer.
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NewsAdidas has posted an increase in sales following major football tournaments
Adidas posted an increase in revenue in the first half of the year driven by strong brand momentum and sporting events such as Euro 2024 and the Copa América.
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NewsWhite Stuff has reported a surge in profits after shift to ‘customer favourites’
White Stuff has hailed the success of its brand transformation strategy after posting a surge in profits and sales for the full year.
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NewsWickes retail sales grow against a ‘challenging background’ even as the group struggles
Wickes has reported continued sales and volume growth across its core retail business, even as group sales and like-for-likes slipped against a ‘challenging background’.
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NewsAsda staff survey leaves the grocer facing a new confidence crisis
The results of an Asda staff survey have left the supermarket giant facing a fresh crisis with less than half of its employees having confidence in the retailer’s long-term strategy.
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NewsJD Sports’ revamped UK store has ‘set the benchmark’ with its highest global turnover
JD Sports’ revamped store at Westfield Stratford now has the highest turnover across its global portfolio as the UK market remains the blueprint of omnichannel innovation and store design for the group worldwide.
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NewsGreggs has posted a rise in sales and profit as it continues to invest in growth
Food-on-the-go retailer Greggs has posted a rise in sales and profit as it makes “good progress” on expanding its ranges and growing its store estate.
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NewsOcado is extending its debt maturities by raising millions of pounds in bonds
Online supermarket and tech giant Ocado is extending the maturity of its debt by raising bonds worth millions of pounds.
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NewsUncertain outlook despite shop price inflation stabilising
Shop price inflation remained unchanged in July, benefiting from high comparatives last year, but the outlook remains uncertain for the remainder of the year, according to the British Retail Consortium (BRC).
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NewsBoohoo lenders have tapped advisers to talk refinancing as debt deadline looms
Lenders to the Boohoo Group have reportedly drafted in advisers to discuss refinancing options for the business amid ongoing losses.
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NewsIceland has posted record profits as shoppers devoured its £1 range
Iceland has posted record profits as shoppers devoured its £1 range.
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NewsTed Baker’s high street presence at risk as administrator plans to close all stores
Ted Baker could disappear from the high street once and for all as administrators gear up to close all its stores in the coming weeks.
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NewsSupermarkets have been cleared in an investigation into loyalty card pricing
The competition watchdog has cleared the grocers having failed to find any widespread evidence of misleading loyalty promotions in the industry.
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NewsParcel delivery giant Evri has been snapped up by a private equity firm
Parcel delivery giant Evri is set to be sold to private equity firm Apollo.
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NewsCrew Clothing’s sales and profits have surged despite fashion retail battles
Crew Clothing has posted a surge in sales and profits for the 2023 financial year despite the ongoing challenges posed by the cost-of-living crisis.
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NewsHammerson has posted growth in rental income and ‘capability’ in wake of Bicester Village sale
Hammerson, which owns and operates shopping centres including Birmingham’s Bullring and London’s Brent Cross, has posted a rise in rental income and “increased capacity and capability” after selling its £1.5bn stake in Bicester Village.