Latest finance news – Page 129
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NewsJoules warns on profits due to supply chain troubles and Omicron
Joules recorded soaring sales across all its channels but has warned of supply chain issues in the coming weeks and months, which threaten Christmas season success.
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NewsNike makes further metaverse moves with digital fashion house acquisition
Nike is set to acquire virtual fashion and non-fungible token (NFT) platform RTFKT for an undisclosed sum.
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NewsOcado predicts ‘best ever Christmas’ as it wins patent trial
Ocado has reported “strong momentum” in the lead-up to the festive period.
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NewsJD Sports set to concede defeat in Footasylum takeover battle
JD Sports is on the cusp of relinquishing ownership of Footasylum following a protracted battle with the Competition Markets Authority (CMA) regarding the takeover.
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NewsPrimark predicts sales gains despite supply chain and Covid disruption
Primark owner Associated British Foods expects sales at the retailer to rise in the coming months despite the reintroduction of coronavirus restrictions in Europe and supply chain challenges.
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NewsHolland & Barrett snaps up at-home beauty business Blow
Health and wellness retailer Holland & Barrett has snapped up at-home beauty services business Blow Ltd for an undisclosed sum.
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NewsDr Martens profits soar after record 6 million pairs sold
Dr Martens has reported mounting profits as it looks forward to a stellar festive season.
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NewsFrasers profits soar but group warns of Covid and supply chain headwinds
Frasers Group has reported strong revenue rises across its portfolio, but remains “cautious” of the impacts of macroeconomic factors such as a potential lockdown over Christmas.
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NewsMoonpig revenues and profits slide against lockdown comparables
Moonpig has posted a dip in revenues and sales as customer spend dropped in line with easing restrictions.
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NewsTesco reaches agreement with Unite but Usdaw Christmas strike talks ongoing
Tesco has reached an agreement on pay with staff at four distribution centres, averting strike action and reducing the possibility of empty shelves before Christmas.
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NewsQuiz warns of potential effect of Omicron on Christmas as it delivers another loss
Quiz has reported a loss before tax and warned its stakeholders about the potential loss of sales due to the rise of the Omicron coronavirus variant in the run-up to Christmas.
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NewsMcColl’s blames Covid-19 and supply chain disruption for falling sales and profits
The embattled c-store chain McColl’s has blamed falling sales and profits in the 2021 financial year on the ongoing coronavirus pandemic and supply chain issues.
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NewsTesco reopens talks with union in bid to end planned Christmas strike action
Tesco has agreed to reopen talks with Usdaw after members across its distribution centres voted overwhelmingly to go on strike from December 20.
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NewsJysk sales surge as homewares boom drives further store expansion
Danish furniture and home furnishings chain Jysk has recorded a surge in full-year sales despite lockdown restrictions as the retailer gears up to increase its UK store footprint by half.
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NewsBoots owner considers £5bn sale of health and beauty powerhouse
Walgreens Boots Alliance is considering options for its Boots business, including a sale that could bring a price tag of £5bn or more.
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NewsTed Baker mourns death of chair
Ted Baker chair John Barton has died suddenly, the retailer reported.
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NewsWickes ups profit expectations after strong trading
DIY specialist Wickes has lifted full-year earnings expectations after strong fourth-quarter trading.
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NewsHalfords acquires automotive service business National in £62m deal
Halfords has snapped up automotive service and repair chain National in a deal that boss Graham Stapleton says “cements” the chain as the UK’s largest vehicle repair business.
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NewsSelfridges set to be sold to Thailand’s Central Group
Selfridges owners the Weston family have reportedly agreed to sell the department store chain to Thailand’s Central Group, with hopes for the deal to be completed by the end of this year.
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NewsEG Group profits slump against tough comparable but hails foodservice success
EG Group posted a sales increase in the third quarter, but profits failed to match last year’s post-pandemic levels.