Latest finance news – Page 128
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NewsGousto wins new investment valuing it at almost $2bn
Recipe box specialist Gousto has raised $150m (£111m) to finance expansion in the developing direct-to-consumer market.
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NewsBoots sales strengthen as Walgreens Boots Alliance raises guidance
Boots recorded an increase in first-quarter sales as parent company Walgreens Boots Alliance (WBA) raised its full-year profit expectations.
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NewsB&M’s expected profits jump off back of ‘very strong golden quarter’
B&M has upped its adjusted EBITDA range for the full year off the back of what boss Simon Arora called “a very strong golden quarter” trading period.
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NewsGreggs increases full-year outlook as boss Whiteside confirms retirement
Greggs anticipates its full-year outcome will be ahead of expectations, following a strong fourth quarter, as chief executive Roger Whiteside’s replacement is confirmed.
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NewsNext ups full-year guidance again after bumper Christmas
Fashion giant Next has increased its full-year profit guidance again after enjoying a bumper Christmas trading period.
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NewsTycoon Paphitis urges rates reform as strong Christmas follows annual loss
Theo Paphitis has called on the government to “grasp the business rates nettle” as he gave an update on Christmas trading and Ryman posted its first annual loss in more than two decades of his ownership.
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NewsNew Selfridges owners plan to add hotel and apartments to Oxford Street flagship
Selfridges’ new Thai and Austrian joint owners are planning a revamp of its Oxford Street flagship that would include an upmarket hotel and food hall.
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NewsAshley’s Frasers Group circles Footasylum
Tycoon Mike Ashley’s Frasers Group is thought to have tabled an offer for Footasylum, which JD Sports has been ordered to sell by the competition authorities.
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NewsPret a Manger city sales slump amid latest coronavirus wave
Sales at food-to-go specialist Pret a Manger have slumped as the emergence of the Omicron Covid-19 strain kept city workers at home.
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NewsSelfridges sold to Thai-Austrian joint venture in £4bn deal
Luxury department store chain Selfridges has been sold by the Canadian Weston family to a joint venture between a Thai retailer and an Austrian property company for an estimated £4bn.
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NewsFrasers director leaves over conflict of interest concerns
One of Frasers Group’s non-executive directors is to leave after just a few months in the post.
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NewsLandsec ups stake in Bluewater as retail values and rents stabilise
Institutional landlord Landsec has upped its stake in shopping centre Bluewater and agreed to sell a share to co-owner M&G as Covid continues to stabilise retail values and rents.
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NewsHush profits soar as Covid lockdowns fuel online sales surge
Hush has posted a surge in profits and sales after online revenues boomed during the first year of the coronavirus crisis.
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NewsMissguided secures rescue deal from Alteri Investors
Alteri Investors has acquired a 50% stake in the struggling online fashion retailer Missguided, giving the brand the liquidity needed to ride out the ongoing supply chain crisis.
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NewsMike Ashley mulls taking Frasers Group off the stock market
Frasers chief executive Mike Ashley is reportedly preparing to take the company private following a period of strong growth for the group’s brands.
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NewsBoohoo issues profit warning due to higher return rates
Fast fashion giant Boohoo has blamed “significantly higher return rates” and continued extended delivery times as it issued an unexpected profit warning.
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NewsH&M and Inditex register soaring sales as fashion rebounds
Fashion giants H&M and Inditex have both hailed their sales recovery following lockdowns in the lead up to the festive season.
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NewsIn The Style earnings fall amid ‘higher than anticipated’ return rates
In The Style has suffered a fall in half-year profits after being hit by supply chain challenges and “higher than anticipated” return rates.
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NewsCurrys profits rise despite supply chain disruption
Currys has reported an uplift in profits during its first half and insisted it will “ride out” ongoing supply chain challenges and “bumpy demand” heading into 2022.
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NewsPoundland owner Pepco’s profits soar as new store openings boost sales
Pepco has recorded strong growth in profits despite “a challenging Covid-affected trading environment”.