Latest finance news – Page 74
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NewsPepco posts ‘disappointing profit outturn’ despite record sales
Discount retailer and Poundland parent company Pepco Group has posted a “disappointing profit outturn” after record European store openings and despite a record 17.7% growth in full-year revenue.
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NewsSosandar swings to loss despite growth in revenue
Sosandar reported a loss in the first half of the year despite a growth in revenue as it continues to move towards a multichannel model.
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NewsShein considers potential for UK IPO
Fast-fashion giant Shein is reportedly in talks with the London Stock Exchange about the possibility of a public listing in the UK.
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NewsLululemon hails strong ‘early performance’ ahead of Christmas
Sportswear retailer Lululemon has posted a “strong” third quarter and hailed its “early performance” ahead of the peak Christmas trading period as the brand continues to resonate with shoppers globally.
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NewsActivist investor Kelso urges THG to demerge business
Activist investor group Kelso Group Holdings has urged ecommerce giant THG to consider a demerger of its three business divisions “to maximise shareholder value”.
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NewsWilko and The Range to close all stores on Boxing Day
Wilko and The Range will close all of their 200-plus stores on Boxing Day to give its staff a “well-earned break” over the festive period.
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NewsWatches of Switzerland flat sales offset by ‘strong momentum in US’
Watches of Switzerland has posted flat group sales that were strengthened by its trading performance in the US.
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NewsFrasers sales and profit rise as elevation strategy pays off
Frasers has reported an increase in sales and profit across its portfolio as the group’s elevation strategy continues to “drive strong trading performance”.
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NewsMatches fires up equity raise to support turnaround
Luxury fashion retailer Matches is reportedly considering an equity raise in a bid to support its business turnaround strategy.
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NewsMoonpig profits and sales grow
Online greeting cards specialist and technology platform Moonpig reported a growth in profits and sales, despite the challenging macroeconomic environment.
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NewsTHG acquires US skincare brand for $20m
THG, which owns Lookfantastic and Cult Beauty, has acquired skincare brand Biossance from US biotechnology group Amyris Inc for $20m (£15.8m).
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NewsQuiz lowers guidance as sales dip
Quiz has announced that it expects revenue to be 6% to 8% lower than the £86.4m predicted in the year ending March 31, 2024.
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NewsFarfetch scrabbles for fresh investment as it teeters on brink of insolvency
Luxury ecommerce platform Farfetch is desperately seeking a fresh cash injection as it strives to avert a collapse into insolvency.
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NewsTed Baker owner secures new funding for struggling brand
Ted Baker owner Authentic Brands Group has secured new funding for the retailer, which it said will help grow its UK and European operations.
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NewsPrivate equity eye potential £100m Jollyes sale
Jollyes, one of the UK’s largest privately owned pet retailers, is being eyed up by private equity firms in a deal that could be worth more than £100m.
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NewsRegulators urged to claw back millions in Wilko dividends
The chair of the Commons business and trade committee has urged UK regulators “explore every option” to claw back millions in dividends paid to Wilko’s founding family.
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NewsMulberry losses deepen despite booming international sales
Luxury fashion and accessories retailer Mulberry has reported deepening losses despite booming revenue internationally as it continues to invest in its “long-term future”.
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NewsDr Martens warns on profits as ‘increasingly difficult’ US market takes toll
Dr Martens has issued a profit warning as it said ongoing problems with its US business “will take longer” to fix than first thought.
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NewsMytheresa profits slip as luxe fashion demand slows
Luxury fashion retailer Mytheresa posted an increase in sales despite a slip in profits during the quarter as demand by its “aspirational customers across all geographies” slowed.
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NewsHalfords delivers sales and profit growth despite ‘volatile trading environment’
Halfords has posted an increase in sales across its retail and autocentres categories as well as a rise in profit.