Latest finance news – Page 88
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NewsShoe Zone ups profit guidance as demand climbs
Shoe Zone has increased its profit guidance by almost a third as demand for value soars during the cost-of-living crisis.
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NewsRevolution Beauty CEO may quit as part of compromise deal
Revolution Beauty’s chief executive Robert Holt may quit as part of a compromise with fashion retailer Boohoo.
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NewsLush’s plastic-free collection crosses £1m global sales in a week
Lush’s latest plastic-free collection in collaboration with Spongebob Squarepants has crossed £1.3m in global sales since launching at the end of June.
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NewsSosandar swings to profit in ‘milestone year’
Sosandar reported an increase in revenues and profits in a “transformational year” ending March, 2023 “despite the challenging macroeconomic conditions”.
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NewsIceland ‘confident’ about making highest profit for a decade
Iceland has revealed forecasts that show it will make its highest profit for a decade this year.
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NewsBoohoo to take Revolution argument to AIM stock market regulator
Boohoo is making a complaint to the junior stock market regulator as a war of words with Revolution Beauty continues.
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NewsJD Sports strengthens position in Iberia with £427m acquisition
JD Sports is set to buy out the minority shareholders in Iberian Sports Retail Group (ISRG) to acquire 100% of the brand as it strengthens its foothold in the Iberian peninsula.
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NewsAsda owner Mohsin Issa to face MPs over fuel prices
Entrepreneur Mohsin Issa, the co-owner of Asda, is set to appear before MPs again following issues over Asda’s fuel pricing as well as an “unclear” fire-and-rehire policy.
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NewsCurrys profits fall as Nordics success ‘brought to abrupt halt’
Electricals giant Currys has posted a fall in full-year profit after its long track record of Nordics success “was brought to an abrupt halt”.
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NewsAO boss has ‘no plans’ to return to physical retail
AO founder and chief executive John Roberts has said the group has “no plans” to return to bricks-and-mortar retail after closing its shop-in-shops with Tesco last year.
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NewsJD Sports colluded with Leicester City FC to restrict competition, CMA finds
An investigation by the Competition and Markets Authority (CMA) has provisionally found that the sportswear retailer “colluded” with Leicester City FC to restrict competition in sales of the club’s branded clothing over three seasons.
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NewsTopps Tiles delivers ‘robust’ trading as quarterly sales rise
Topps Tiles has reported “strong” trading in its third quarter and expects interim profits to rise.
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NewsQuiz reports ‘strong recovery’ as profits and sales climb
Fashion retailer Quiz has posted increased earnings and revenue, helped by higher full-price sales and cost savings.
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NewsAO swings back into black as profit focus pays off
Electricals specialist AO World has returned to profit after a year of business simplification and refocus.
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NewsSainsbury’s sales increase driven by ‘return to volume growth’
Sainsbury’s has reported a rise in sales, which it says was driven by a “return to volume growth” over the multiple bank holidays in April and May.
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NewsCompetition watchdog fines Asda for failing to comply with fuel inquiry
The Competition and Markets Authority (CMA) has fined Asda £60,000 and named Morrisons for targeting higher fuel margins, as it sets out its plan to drive down fuel prices.
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NewsNike hails ‘milestone year’ as revenues jump despite fall in margins
Nike has reported an increase in revenues in the fourth quarter and full year ending May 2023, driven by “investment in innovation and digital leadership” as well as the success of its “top strategic partners”.
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NewsAuthentic Brands Group secures multimillion-dollar funding
Authentic Brands Group, which owns retailers including Reebok, Ted Baker and Hunter, has secured a $500m (£395.6m) primary follow-on investment from its current investor General Atlantic.
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NewsRevolution Beauty hits back at Boohoo as battle for control rages
Revolution Beauty has launched another attack on Boohoo as a daily war of words continues over the control of the beauty specialist.
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NewsAngered Boohoo accuses Revolution Beauty of hiding free share award terms
Boohoo has accused Revolution Beauty of a “lack of transparency” for hiding the terms of its free share awards in its annual report and has set out a list of demands for the beauty brand’s management team.