Latest finance news – Page 75
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NewsShein aims for New York Stock Exchange listing
Fast-fashion giant Shein is understood to be gearing up for a stock market float in the US as it reportedly filed “confidential paperwork” for an initial public offering.
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NewsWilko chair blames retailer’s collapse on Truss mini-budget
Former Wilko chair Lisa Wilkinson has laid out the issues that led to the collapse of the retailer, including pointing to former prime minister Liz Truss’ mini-budget for driving up interest rates.
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NewsPets at Home hails ‘resilient’ trading as it maintains full-year guidance
Pets at Home has hailed its “resilient performance” and noted “encouraging signs” in the lead-up to Christmas.
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NewsTopps Tiles escalates market share while profits dip
Topps Tiles has posted a boom in sales for the full year and confirmed it has achieved its market share goal “two years ahead of schedule,” with cost inflation taking its toll.
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NewsBusiness rates and wage hike could send inflation soaring, warns BRC
The British Retail Consortium has warned that inflation could rocket again next year, as retailers face soaring business rates bills and the rising national living wage.
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NewsDecathlon buys German pureplay sportswear brand Bergfreunde
Sportswear giant Decathlon has announced the acquisition of German pureplay mountain sports, climbing gear and outdoor equipment specialist Bergfreunde.
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NewsMountain Warehouse to ramp up store expansion following record sales
Outdoor clothing retailer Mountain Warehouse is accelerating the pace of store openings after posting a record sales peak.
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NewsAsos ditches bonus scheme diversity targets
Fashion retailer Asos has abandoned diversity targets in its annual executive bonus scheme as it prioritises profitability.
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NewsRevolution Beauty founder in £3m repayment talks
Revolution Beauty founder Adam Minto is in talks about repaying almost £3m to settle claims that he breached fiduciary duties to the retailer.
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NewsBoots owner offloads £4.8bn pension scheme
Boots has agreed to transfer £4.8bn of pension obligations to insurer Legal & General in a deal that potentially paves the way for a sale by owner Walgreens Boots Alliance.
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NewsMothercare records drop in sales as it ‘continues refinancing’
Mothercare has posted a decline in revenue and international sales as it continues efforts to “refinance the group” and ensure “adequate and appropriate financing for the future”.
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NewsUK consumer confidence increases despite ‘ongoing cost-of-living concerns’
UK consumer confidence rose by six points in November, despite “ongoing cost of living concerns” impacting many customers.
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NewsKingfisher issues profit warning as French market struggles
DIY giant Kingfisher has lowered its full-year profit guidance, saying that market trends in France have been “weaker than expected”.
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NewsAO upgrades profit guidance as it continues to deliver ‘profit and cash generation’
Electricals specialist AO has upgraded its full-year profit guidance after focusing on delivering “profit and cash generation”.
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NewsHalfords targeted for merger by van rental firm
A reported merger bid for Halfords by van rental group Redde Northgate has been dismissed over a price disagreement.
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NewsMusicMagpie in sale talks with The Body Shop buyer
Music Magpie is in “early-stage discussions” with potential buyers as it seeks a private sale.
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NewsWalgreens to pay £1bn to offload Boots pension scheme
Walgreens is considering a hefty payout to offload the Boots pension scheme and reinvigorate shelved plans to sell the retailer.
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NewsBurberry warns on profits as global demand for luxury slows
Burberry has warned that the global slowdown on demand for luxury is having an impact on current trading and will affect its profit guidance for the full year if it continues.
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NewsHotel Chocolat accepts £534m Mars bid
Hotel Chocolat has accepted a £534m acquisition bid from Mars, with the board now recommending the cash offer to its shareholders.
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NewsRetailers call on chancellor to ease business rates in autumn statement
A coalition of retailers, hospitality and leisure businesses have written to Chancellor Jeremy Hunt, urging him to freeze the business rates multiplier and extend existing rate reliefs.