Latest finance news – Page 119
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NewsPets at Home profits surge as sales climb bolstered by record new customer numbers
Pets at Home reported a jump in full-year profits and sales as outgoing boss Peter Pritchard as the retailer is ’well placed to accelerate our growth in market share’.
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NewsM&S ‘fundamentally changed’ as full-year profits climb and sales rise
Marks & Spencer has recorded a strong uplift in full-year profits bolstered by sales increases across both clothing and food, as outgoing chief executive Steve Rowe says the business has “the opportunity for substantial further growth”.
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NewsEG Group profits and sales jump on the strength of foodservice offering
Petrol forecourt giant EG Group has reported a leap in profits and sales in the first quarter off the back of strong performance from its growing food business.
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NewsTed Baker moves forward with sale as Fat Face recruits bankers
Both Ted Baker and Fat Face have made advances in their searches for a buyer.
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NewsKingfisher sales beat pre-pandemic levels but lockdown DIY boom slows
DIY giant Kingfisher’s sales declined against strong comparables in the last two years.
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NewsMoonpig expands range with Buyagift acquisition
Moonpig has made moves to grow its gifting offer with the proposed acquisition of Buyagift.
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NewsThe Very Group owners revive plans for £4bn listing
The Very Group owners the Barclay family have brought back plans to float the online retailer to the tune of £4bn.
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NewsCurrys turns to Asos to hire new chair
Currys has appointed Ian Dyson, at present the chair of Asos, as its new chair.
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NewsOnline sales tax will ‘damage shops and high streets’, Marks & Spencer warns
Marks & Spencer has written to chancellor Rishi Sunak setting out its opposition to an online sales tax.
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NewsMorrisons rescue deal for McColl’s cost £182m
Morrisons shelled out the equivalent of £182m to rescue the collapsed convenience chain McColl’s, administrators’ documents have revealed.
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NewsBurberry posts profit uplift but cautions on China recovery
Burberry has posted a rise in full-year profit but cautioned that its outlook for future trading is dependent on the rate of the recovery in its key Chinese market.
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NewsWalmart margins hit as inflationary pressures bite across the pond
Walmart has recorded an uptick in revenues but said its bottom line has been hit by inflation in food and fuel.
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NewsM&S chair Norman warns on food prices and Ireland Brexit red tape
Marks & Spencer chair Archie Norman has signalled the likelihood of higher food prices later this year and lambasted “pointless” rules affecting business in Ireland following Brexit.
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NewsLandsec reports ‘return to growth’ at major retail destinations
Property group Landsec has posted an improved performance from its ’major retail destinations’ portfolio.
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NewsMcDonald’s to quit Russia, ending 30-year presence
Fast-food giant McDonald’s is to sell its Russian business following the country’s invasion of neighbouring Ukraine.
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NewsGreggs sales rise with travel back on the menu
Greggs has said that transport locations have recovered most as it continues to see sales rise.
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NewsWalgreens takes £4bn dividend from UK arm as Boots sale deadline looms
Boots’ US owner Walgreens has extracted $5.3bn (£4.3bn) in dividends from its UK arm.
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NewsMade.com strengthens top team as it issues profit warning
Made.com has called out a “more challenging than anticipated” trading environment in the first half of the year.
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NewsSuperdry in-store sales rebound as online falls back
Superdry has reported a surge in store sales following the lifting of Covid restrictions, which also led to a fall in online revenues.
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NewsJD Sports cautious on outlook despite sales rise
JD Sports sounded a cautious note on prospects as it posted a sales rise at the start of its new financial year.