All City & finance articles
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NewsFrasers Group reportedly frontrunner in City real estate deal
Sky News reported that the retail business is leading a race to acquire the 195,000 square foot Worship Street Estate from the City of London Corporation
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NewsJohn Lewis chair warns profits being squeezed by ‘tough’ trading conditions
John Lewis chair Jason Tarry has said in an interview with the company’s internal magazine that the department store chain would be facing a situation where it “will trade into lower sales and higher costs”.
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NewsWarm weather helps Next beat sales forecast again
Next reported a 9.2% full-price sales increase in the 13 weeks to August 1, £70m ahead of what it had forecast for the second quarter.
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NewsShein looks for valuation over $30bn for IPO
Ecommerce giant Shein is reportedly seeking a valuation between $30bn and $40bn for an upcoming Hong Kong initial public offering (IPO).
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NewsHugo Boss profit and revenue declines but hails progress on new strategy
Luxury brand Hugo Boss has recorded a drop in its sales and profits in the second quarter, but is pleased with “tangible progress” on its new strategy.
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NewsCDS Superstores secures £190m funding to support store and tech investment
CDS Superstores, the parent company of The Range, Wilko and Homebase, has secured a £190m asset-based revolving credit facility to support its ongoing investment in stores and technology.
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NewsZalando continues to deliver revenue growth as AI investment pays off
Fashion technology platform Zalando has delivered another quarter of steady revenue growth as its investment and innovation in AI is paying off.
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NewsProCook chief financial officer to step down
ProCook chief financial officer Dan Walden is leaving the business after spending five years in the role.
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NewsMorrisons losses deepen to nearly £1bn
Supermarket Morrisons has racked up nearly £1bn in losses in the last financial year, as the debt-laden chain struggles to turn around its performance.
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NewsNew Look names new chief executive as earnings rise
Fashion retailer New Look has appointed a new chief executive and reported improved profitability in the first quarter.
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NewsBoots deal in doubt as offer price cut
A potential £7bn sale of health and beauty giant Boots is at risk after the Weston family lashed out at the amount it was willing to pay.
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NewsJD Sports launches second tranche of £200m share buyback
JD Sports has begun the second phase of a £200m share buyback programme.
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NewsAmazon records double-digit sales growth exceeding $200bn
Amazon has seen a double-digit surge in its second quarter sales, exceeding $200bn.
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Opinion‘Eating habits might change, but Greggs still has a recipe for success’
Past form and present performance mean Greggs should be able to navigate changing eating preferences, says George MacDonald.
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NewsPoundland owner makes bid for Harvey Nichols
Investor Gordon Brothers, owner of value retailer Poundland, has joined the battle to buy upscale department store group Harvey Nichols.
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NewsHammerson launches equity raise to help fund Manchester Arndale acquisition
Institutional landlord Hammerson has this morning launched an equity raise to help cover the costs of its £218m acquisition of a 50% stake in Manchester Arndale.
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NewsPets at Home sales rise as turnaround gathers momentum
Total group sales at Pets at Home climbed in the first quarter, as the retailer’s turnaround continued to gather momentum.
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NewsFrasers Group builds stake in Burberry
Frasers Group has acquired shares in Burberry as the retail giant continues its pursuit of luxury brands.
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NewsGreggs profit rises following cost control agenda and grocery growth
Greggs has posted rising sales and a jump in profits following a period of strong cost discipline and growth in grocery channels.
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NewsGames Workshop reports ‘record year’ as sales and profits rise
Games Workshop, owner of the Warhammer brand, has posted an uplift in annual sales and profits.