Cazoo braces for collapse into administration as rescue deadline expires May 21, 2024 Cazoo is expected to collapse into administration later today after a deadline to find a rescue deal expired.
Ted Baker steams ahead with UK expansion despite Omicron dent to sales February 23, 2022 Ted Baker is set to steam ahead with its UK expansion plans – with hopes of a least three new stores each year over the next three years – despite the Omicron-induced dent to sales. The retailer saw sales plunge 42 per cent during the Omicron surge, in comparison with the final quarter of 2019. [...]
Before the Bell: Europe set for mild recovery, US data in focus February 18, 2021 In recent weeks global stock markets have been in rude health as traders have been banking on the Biden administration to approve the proposed $1.9 trillion stimulus scheme. In addition to that, the progress made with respect to the distribution of vaccines has added to the positive move too. On Monday, it was confirmed the [...]
Shell urged to set up Ukraine fund after Russian ‘blood money’ trading July 4, 2023 Shell is facing calls to set up a repair fund for war-torn Ukraine after continuing to trade in Russian LNG following the country's invasion.
The Works brings back dividend as demand for cheap books and Peppa Pig toys boosts sales May 20, 2022 Discount retailer The Works has reinstated its dividend after telling investors its sales are now significantly higher than at pre-pandemic levels, on the back of a record Christmas and booming demand for books. The firm said it had capitalised on the “BookTok” trend on social media platform TikTok to boost sales of its discount [...]
Dr Martens share price tumbles 11 per cent as pre-tax profits miss forecasts June 1, 2023 Dr Martens will launch a share buy back programme of up to £50m as the boot maker looks to up investment following a 26 per cent slide in pre-tax profits following bottleneck issues in its US warehouse. The London-listed retailer hit record revenues during the year of £1bn, as sales recovered post-pandemic and it opened [...]
H&M’s autumn profit beats expectations January 28, 2022 Fashion retailer H&M has surpassed expectations with a bigger profit increase than expected for its autumn trading period. In an update on Friday, the Swedish firm said pretax profit hit levels equivalent to £478.6m for the September to November period. Profit reached 6bn crowns in its financial fourth quarter, up from 3.67bn the previous year. [...]
Mark Kleinman: Boots owner Walgreens has shot itself in foot July 4, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Morrisons mulls sale of warehouses and fisheries in £600m deal June 12, 2022 Morrisons’ private equity owner is scouting for a buyer for its estate of warehouses, fisheries and food manufacturing hubs in a sale worth more than £600m. The New York private equity titan is mulling a sale-and-leaseback transaction in an endeavour to power returns from its £7bn takeover of the British grocer, according to a report [...]
Mark Kleinman: Challenging times for challenger banks June 27, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at challenger banks, Carlsberg's Britvic play and office space woes