Latest finance news – Page 125
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NewsBids for health and beauty giant Boots expected today
Indicative bids for health and beauty giant Boots are expected to be submitted today, it is understood.
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NewsTed Baker eyes new UK store locations as sales rise
Ted Baker has reported accelerating sales, despite the impacts of the Omicron variant over the festive season.
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NewsMonsoon Accessorize goes ‘back to origins’ as it returns to profit post-administration
Monsoon Accessorize has returned to profit, as its turnaround strategy following administration in 2020 bore fruit.
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NewsAsda strike looms as thousands reject pay deal
Asda faces the threat of industrial action as thousands of lorry drivers, warehouse staff and clerical workers voted against a revised pay offer from the grocer.
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NewsMatalan founder Hargreaves loses court battle over tax bill
Matalan founder John Hargreaves has lost a long-running court battle over a multimillion-pound tax bill.
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NewsFormer Morrisons suitor Fortress lines up £5bn bid for petrol forecourt giant
The US private equity giant that failed in a £7bn bid for Morrisons is now setting its sights on petrol forecourts operator Motor Fuel Group (MFG).
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NewsOcado eyes new French partners following Casino joint venture
Ocado has struck a joint venture with partner Groupe Casino that means it can offer its technology to other grocers in France and pick from the group’s stores.
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NewsJD Sports ups profit forecast but delays results to address Footasylum fallout
JD Sports has upped profit expectations but delayed its full-year results so it can address the divestment of Footasylum and complete a governance review.
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NewsCowgill hits back after JD Sports and Footasylum fined almost £5m by CMA
JD Sports has accused the Competition and Markets Authority (CMA) of using “inflammatory language” and reaching misleading conclusions after it handed down a nearly £5m fine to the retailer and Footasylum.
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NewsBoots suitors given until end of the month for fresh bids
Prospective bidders for Boots have been given until the end of the month to place first-round bids in the £7bn battle shaping up for the health and beauty retailer.
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NewsJohn Lewis raises hopes of restoring staff bonus after bumper Christmas sales
The John Lewis Partnership has reignited hopes that it will restore its staff bonus after “fantastic” Christmas sales led it to smash its £100m annual profit target.
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NewsWatches of Switzerland sets sights on Europe after domestic sales soar
Watches of Switzerland has expanded into the European market after delivering a strong period of sales growth driven by a “thriving domestic clientele”.
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NewsJoules pulls away from EU trade as Brexit costs bite hard
Lifestyle brand Joules has made moves to terminate some of its wholesale agreements with EU stockists as Brexit costs made the channels unprofitable.
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NewsDunelm delivers ‘record performance’ as profits and sales rise
Home and DIY giant Dunelm said it remained “confident in long term growth plans” following strong interim profits and sales.
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NewsOcado boss downplays effects of food inflation on online grocery sales
Ocado boss Tim Steiner has said the pureplay grocer has been largely immune to the inflationary price rises gripping the industry and downplayed risks to sales.
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NewsJoules posts profit fall as costs take toll
Fashion retailer Joules has suffered a decline in first-half profits as rising costs hit its bottom line.
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NewsAsda makes budget ranges promise after anti-poverty campaigner complaints
Asda will ensure its budget Smart Price and Farm Stores ranges will be available at all of its 581 stores and online after complaints from anti-poverty campaigner Jack Monroe.
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NewsTesco chair warns of further inflation with ‘the worst yet to come’
Tesco chair John Allan has warned that supermarket prices could rise as much as 5% by spring.
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NewsAmazon’s UK sales soar as it doubles down on bricks-and-mortar offerings
Amazon’s UK sales grew by more than 20% last year on top of a 51% rise in 2020.
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NewsAmazon reveals sales surge and ups price of Prime subscription
Amazon has reported a rise in sales and earnings over the Christmas quarter and is to increase the cost of a subscription to its Prime service.