Big companies at risk as nearly a fifth of listed firms issue profit warnings in 2023 January 29, 2024 In the final quarter of last year, listed companies issued 77 profit warnings according to EY's profit warnings monitor.
Superdry secures new lending facility as coronavirus hits revenue August 10, 2020 Superdry has secured a new financing arrangement with its lenders as the designer clothing brand seeks to shore up its financial position amid ongoing disruption from the coronavirus pandemic. In a trading update, the firm said it had agreed a new £70m asset backed lending facility with HSBC and BNPP, extending the term until January [...]
Former M&S CFO Helen Weir named new chair of National Express September 8, 2022 Former M&S CFO Helen Weir has been named the new Independent Non-Executive Director and Chair Designate of National Express.
JD Sports sees £2bn wiped off market value but analysts are holding out hope January 4, 2024 JD Sports has not started the new year on the right foot. Nearly £2bn has been wiped off the firm’s market value after it posted an unusually weak Christmas performance. A warning from the ‘king of trainers’ that it would struggle to meet its ambitious £1bn profit target kicked the retailer’s share price down by 25 [...]
UK profit warnings hit highest yearly level since 2008, outside of pandemic July 19, 2023 The proportion of UK-listed companies that issued profit warnings in the past year was higher than any year since 2008, outside of the pandemic, according to new analysis. It comes as higher borrowing costs and a tougher sales environment have weighed heavily on businesses. Companies listed on the London Stock Exchange issued 66 profit warnings [...]
Investment platforms blocking the purchase of investment trusts risk creating ‘another Woodford’ disaster April 14, 2024 DIY platforms like AJ Bell, Hargreaves Lansdown and Interactive Investor have been caught blocking the purchase of investment trusts.
Next gains on soaring FTSE as Lord Wolfson says it’s been a ‘long time’ since such a positive outlook March 21, 2024 Next topped the FTSE 100 on Thursday, as it once again beat market expectations and trumped rivals amid a challenging period for UK retailers.
The Body Shop prepares to slash jobs and close stores as administration confirmed February 13, 2024 Hundreds of jobs are expected to be lost and stores closed as The Body Shop officially entered administration.
Retailers are using experiences, not goods, to keep high street fashion on trend November 22, 2021 A short stroll along Oxford Street these days doesn’t necessarilly fill retail fans with confidence. A phalanx of American candy stores, souvenir shops of questionable quality and ‘to let’ signs have blossomed after the pandemic, and House of Fraser last week became the latest bricks and mortar flagship to announce it would be closing its [...]
Coronavirus: Superdry suspends dividend and delays full-year results May 7, 2020 Superdry suspended its dividend and delayed its full-year results this morning as the retailer announced a dive in revenue due to the impact of coronavirus and the brand’s shift away from discounting. The clothing brand said its full-year results, which were due to be published on 9 July, will be postponed by five to eight [...]