Latest finance news – Page 134
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NewsRiver Island swings to a loss following pandemic store closures
River Island has reported a loss following a challenging 2020 as sales tumbled during periods of enforced store closures due to the pandemic.
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NewsAldi profits slip as it presses ahead with £1.3bn expansion plans
Aldi has suffered a dip in profits but plans to press ahead with an aggressive £1.3bn investment into the UK market over the next two years, as it targets 100 new stores.
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NewsNike warns of price rises amid supply chain chaos
Nike has warned that prices are likely to rise in the second half of its financial year as the brand bids to offset increasing costs in its supply chain.
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NewsDFS profits surge as consumers spend on their homes
Furniture specialist DFS has posted an increase in full-year sales and profits as consumers spent on their homes during the Covid-19 pandemic.
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NewsFenwick losses widen amid ‘most difficult trading conditions in living memory’
Fenwick has suffered widening full-year losses after enforced store closures drove a slump in sales during the coronavirus pandemic.
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NewsPret to open 200 new stores and target overseas markets in £100m expansion drive
Pret a Manger will open more than 200 new stores across the UK and turbocharge its international expansion over the next two years following a £100m investment from owner JAB and founder Sinclair Beecham.
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NewsKingfisher boss eyes expansion as post-Covid trends create growth opportunities
Kingfisher chief executive Thierry Garnier said he was positive the DIY giant would thrive despite posting a dip in like-for-like sales.
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NewsKingfisher raises outlook as profits soar across Europe
DIY giant Kingfisher has recorded rising profits as its ‘Powered by Kingfisher’ strategy drives business changes.
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NewsMorrisons moves into food service for first time with new wholesale partnership
Grocery giant Morrisons is set to sell to pubs, restaurants and hotels as it bids to rapidly ramp up its wholesale business.
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NewsGap joins Next’s Total Platform to reboot UK operations
Next and Gap have announced a joint venture to manage the latter’s UK and Ireland operations.
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NewsReiss eyes recovery after swinging to loss amid pandemic
Reiss has said it expects to “return to profit” in its current financial year after falling into the red during 2020.
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NewsWickes reveals strong profit rise in first results since demerger
Wickes has registered stellar profits and sales in the first report since it demerged from Travis Perkins.
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NewsJohn Lewis losses narrow as sales jump and cost-saving measures take effect
John Lewis has reported a significant narrowing in losses after tax in the first half of the year, with revenues jumping and cost savings from its extensive restructuring beginning to take effect.
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NewsSuperdry losses narrow as it makes sustainability gains
Superdry recorded a smaller dip in profits as its sustainability plans begin to bear fruit.
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NewsThe Hut Group profits soar one year after London listing
The Hut Group (THG) has reported growth across all areas of the business following its 2020 IPO.
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NewsThe Co-op profits fall as it announces partnership with Amazon
The Co-op has registered a dip in profits as it “invests in its business and colleagues” including a new partnership with Amazon on grocery delivery.
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NewsZara owner Inditex profits and sales hit ‘historic highs’ bolstered by online surge
Zara parent company Inditex has recorded a spike in interim profits and sales driven by record-breaking second-quarter revenues.
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NewsMade.com to launch homewares marketplace as it eyes expansion
Made.com has begun beta testing a marketplace model to bring artisan brands on board.
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NewsCD&R wins backing of Morrisons pension trustees
Clayton, Dubilier & Rice have taken another step towards winning the race for Morrisons by agreeing a “comprehensive package” with the grocer’s pension trustees.
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NewsMade.com losses narrow as sales jump despite global freight issues
Made.com reported narrowing losses before tax for the first half, with gross sales and adjusted profits for the period offsetting global freight issues.