Latest finance news – Page 130
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NewsTopps Tiles swings to profit after delivering record year of revenue
Topps Tiles has bounced back to profit after delivering a record year of revenue as the retailer unveiled plans to be “carbon balanced” by 2030.
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NewsAsda sales slip as grocer charters cargo ship to ensure Christmas availability
Asda’s like-for-like sales in the third quarter slipped as the grocer outlined the measures it was taking to ensure good availability for customers heading into Christmas.
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NewsRevolution Beauty losses widen as it plans extensive US expansion
Beauty retailer Revolution Beauty reported widening losses as it unveiled plans to extend its reach in the US retail market.
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NewsLidl returns to profit and unveils new store target
Value grocer Lidl is back in the black and has revealed a new target for store numbers.
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NewsMarks & Spencer buys stake in Nobody’s Child in brand push
Marks & Spencer has acquired a 25% shareholding in Nobody’s Child as it builds a platform of brands to complement its core offer.
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NewsPets at Home profits surge as pet ownership boom gathers pace
Pets at Home has reported a rise in half-year profits after “stronger than expected” growth in pet ownership boosted sales.
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NewsAO slashes profit guidance as product shortages batter festive forecasts
AO has swung to a loss and slashed its full-year profit guidance after ongoing supply chain disruption and the HGV driver shortage battered its golden quarter expectations.
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NewsUS private equity firm eyes M&S with Rowe’s exit on the cards
US private equity firm Apollo Global Management has been mulling making a move on Marks & Spencer.
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NewsKingfisher sales dip as customer spend ‘normalises’
Kingfisher has reported a slight drop in sales year-on-year as consumer spending balances out post-pandemic.
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NewsNaked Wines returns to profit as it stockpiles booze ahead of Christmas
Naked Wines has bounced back into the black and increased its stock levels as the pureplay prepares for its “largest holiday season” to date.
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NewsHouse of Fraser fury over Oxford Street closure
House of Fraser owner Frasers Group has reacted angrily after its flagship Oxford Street store was served notice to quit the premises.
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NewsAlibaba Singles Day sales growth slows to lowest ever rate
Alibaba has posted an increase in sales at its annual Singles Day shopping extravaganza, but growth slowed to its lowest rate since the festival began more than a decade ago.
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NewsThe Works counts ‘significant’ supply chain costs as sales rise
The Works has racked up “significant additional costs” to shore up its supply chains for the crucial golden quarter but insisted full-year profits will be in-line with market expectations.
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NewsTed Baker boss heralds turnaround plan as sales surge
Ted Baker has reported narrowing losses and a jump in group revenues as boss Rachel Osborne hailed the retailer’s transformation plan for turning the business around.
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NewsWHSmith losses narrow as retailer forecasts return to profitability in 2022
WHSmith has reported narrowing losses and forecasts a return to profitability next year as improving travel trends drove a sales recovery.
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NewsB&M profits slip as boss Arora warns of challenging second half
B&M delivered a slip in profits but a jump in group revenues as boss Simon Arora flagged the challenges facing the retail industry heading towards the crucial Christmas period.
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NewsMarks & Spencer profits climb as food sales surpass pre-pandemic levels
Marks & Spencer has reported a return to profit in its half-year results and upgraded its full-year outlook as boss Steve Rowe heralded “the hard yards” of its ongoing transformation as the driving force behind its strong performance.
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NewsHalfords updates outlook as profits and sales surge
Halfords has reported strong growth in both its retail and autocentre divisions, prompting the retailer to upgrade its full-year profit forecast.
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NewsPrimark leans into homewares after successful trial in Birmingham
Primark is set to roll out a dedicated homewares space in 40 stores after a successful trial in its Merry Hill store in Birmingham.
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NewsGymshark founder quashes ‘imminent’ IPO plans despite soaring revenues
Gymshark chief executive and founder Ben Francis has quashed rumours of an upcoming stock market flotation, despite doubling sales year on year.