Latest finance news – Page 93
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NewsCurrys profits to beat expectations as UK performs strongly
Electricals giant Currys reported that earnings will come in ahead of guidance as the core UK and Ireland business traded ahead of expectations.
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NewsTHG ends takeover talks with Apollo claiming offer lacks ‘merit’
THG has terminated all discussions about a possible takeover with private equity firm Apollo Global Management, claiming there was “no longer any merit in continuing to engage”.
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NewsLondon Designer Outlet posts record sales
London Designer Outlet (LDO) has posted its best first-quarter results on record, with sales up 17% year on year.
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NewsJohn Lewis chair White wins backing for future amid investment row
John Lewis chair Dame Sharon White has won the backing of the partnership council in what was widely seen as a vote of confidence in her leadership.
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NewsWatch: John Lewis’ White clarifies investment position ahead of crunch vote
John Lewis Partnership boss Dame Sharon White has sought to quell doubts about her long-term plans for the business ahead of a crunch vote of confidence.
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NewsTesco defends chair John Allan over inappropriate behaviour allegations
Supermarket giant Tesco has defended its chair John Allan, following the emergence of allegations of inappropriate behaviour by four women.
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NewsAsos losses deepen as online retail takes a hit
Online fashion retailer Asos has reported further losses, but said it remained confident in its performance as it worked on improving profitability amid a challenging trading backdrop.
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NewsNatura profits increase but The Body Shop continues to face challenges
Natura &Co posted strong profitability in the first quarter of 2023, but said The Body Shop was “still showing top-line challenges” as revenues fell.
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NewsFarmison reopens for business as ex-Asda boss Clarke takes reins
Online butcher Farmison & Co has begun trading again following its purchase out of administration by a consortium headed by former Asda chief executive Andy Clarke.
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NewsMarks & Spencer injects fresh funding into Nobody’s Child
Marks & Spencer has provided further funding to Nobody’s Child, the “eco-conscious” brand in which it took a stake two years ago and which is a key partner in its third-party brands strategy.
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NewsJD Sports snaps up French specialist Courir in €520m deal
JD Sports intends to buy French sports footwear and apparel group Courir as it enacts the strategy set out by new chief executive Régis Schultz.
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NewsMoss Bros profits surge as shoppers ‘dress up again’
Menswear retailer Moss Bros has reported “another year of strong profit” as the demand for occasionwear booms and shoppers “dress up again”.
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NewsAdidas sales flatline as Yeezy fallout deepens
Adidas posted flat sales in the first quarter of 2023, as the global sportswear giant admitted the loss of the Yeezy brand is “of course hurting us”.
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NewsBoohoo ‘demanding’ 10% discount from suppliers
Online fashion giant Boohoo has asked suppliers for a 10% discount on both its delivered and undelivered orders in a bid to control costs, according to a report in The Times.
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NewsApple’s dip in sales offset by demand for iPhone
Apple has posted a decline in sales in the second quarter, but demand for iPhones has held up overseas.
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NewsHolland & Barrett acquires fit-tech start-up Avie as it looks to go beyond retail
Holland & Barrett has acquired fit-tech start-up Avie as it looks to “extend its reach beyond retail through the creation of personalised wellness solutions”.
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NewsJoe Browns posts ‘strongest year to date’ as sales and profits boom
Fashion retailer Joe Browns has reported its “strongest year to date” as sales and profits rise despite facing “well documented” economic challenges.
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NewsZalando credits boost in revenue and ‘improved profitability’ to online shopping club
Zalando has credited a rise in revenue and “improved profitability” in its first quarter to increased demand for its online shopping club Lounge by Zalando.
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NewsSuperdry completes £12m equity raise
Superdry has successfully completed an equity raise of £12m as the retailer pursues a turnaround programme.
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NewsNext sales dip but remain in sync with guidance
Next has performed better than its sales guidance for the first quarter but said it was “too early in the year” to alter profit guidance.