Latest finance news – Page 86
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NewsCo-op invests £70m in member prices
The Co-op has made its biggest ever single investment as it extends its member-only prices across everyday essentials.
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NewsGreggs boss warns higher prices are baked in
Greggs chief executive Roisin Currie has said that while the retailer is seeing inflation coming down, she expects higher prices will remain indefinitely.
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NewsBirkenstock owner eyes potential IPO as valuation expected to soar
Birkenstock’s private equity owner L Catterton has started talks in advance of a potential IPO of the company, which could take place as early as September this year.
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NewsGreggs maintains profit guidance as sales rise
Greggs has reported an increase in sales and profits following “strong trading momentum” in its first half of the financial year and has maintained its full-year guidance.
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NewsShop price inflation falls to lowest levels in a year during July
Shop price inflation hit its lowest levels seen all year in July, despite food prices remaining stubbornly high.
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NewsEtsy sellers accuse marketplace of withholding money
Online marketplace Etsy has been accused of withholding money from sellers through its “reserve system”.
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NewsLush paid managers £5m in bonuses after claiming £5m government support
Lush reportedly paid managers almost as much as it claimed in business rates relief in bonuses, despite recording a drop in profits.
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NewsExclusive: UK consumers to cut back-to-school spend
UK consumers are forecast to cut back on back-to-school spending as the cost-of-living crisis continues to take its toll, according to Deloitte.
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NewsB&M to keep group trading director in multimillion-pound deal
B&M has received a long-term commitment from its group trading director Bobby Arora, which will see the value retailer hand out millions to him in bonuses.
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NewsExclusive: Frasers boss says Amazon can’t do what Frasers can
As Frasers reported strong growth in profits and revenue driven by a “particularly strong year for sports retail”, chief executive Michael Murray said even Amazon cannot do what Frasers can.
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NewsMoncler hails business ‘milestone’ as sales boom
Luxury fashion retailer Moncler Group has called its first-half performance a “significant milestone” as revenues across the business boomed and exceeded €1bn (£857.7m) for the first time.
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NewsFrasers profits soar as elevation strategy pays off
Frasers has reported strong revenue and profit growth across its portfolio in a “particularly significant year for sports retail” driven by the group’s elevation strategy.
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NewsTHG snaps up business newspaper City AM
THG, which owns brands such as Lookfantastic and MyProtein, has snapped up London-based business newspaper City AM in an 11th-hour deal to save the newspaper from the brink of insolvency.
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NewsLVMH revenue rises as brands continue to thrive
Luxury goods conglomerate LVMH posted an “excellent first half” as it saw strong revenue growth across its fashion and beauty divisions.
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NewsPoundland price cuts ‘just the start’ as inflation slows
Poundland announced its recent price cuts are “just the start” of what could be more cost-saving initiatives as the rate of inflation slows.
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NewsExclusive: Frasers to become UK's top fashion retailer by 2026
Frasers is set to acquire its way to the top and become the biggest fashion retailer in the UK within the next five years, according to exclusive research by Retail Week and Bloomreach.
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NewsPoundland slashes prices and brings back £1 items as inflation moderates
Poundland is slashing the prices of big-selling products with many items returning to a £1 price point.
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NewsWickes rolls out share buyback programme
Wickes has launched a £25m share buyback programme to return “surplus cash” to shareholders after improved second-quarter trading.
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NewsAdidas banks £439m as demand for Yeezys soars
Global sportswear giant Adidas received orders worth more than €508m (£439m) for 4 million pairs of Yeezy shoes as it decided to sell the remaining stock of the highly popular line to prevent further losses.
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NewsMatalan remains confident on outlook despite fall in revenue
Matalan has posted a drop in revenue following a “challenging” first quarter, despite remaining “confident” in its full-year profit outlook.