Will FTSE 100 giant Next continue to top the retail leaderboard? March 16, 2024 Next will unveil its full year earnings this coming Thursday, as investors gear up to see how the FTSE 100 firm has navigated a challenging period for retailers.
JD Sports picks up US retailer as stateside focus increases April 23, 2024 JD Sports has proposed to buy US-based sportswear retailer Hibbett for around $1.08bn (£880m), creating a business worth £4.7bn in North America.
Predictions of death of the high street ‘overstated’, says John Lewis October 2, 2023 Predictions of the death of the high street have been “overstated”, John Lewis has said, as it announced its proportion of sales being made online has fallen and store visits are up.
Profit at Societe Generale slumps 60 per cent as boss calls 2023 ‘year of transition’ February 8, 2024 Revenue from retail banking continues to be impacted by "short-term hedges" that were taken out before interest rates started rising.
LVMH revenue slides as luxury retailer continues to combat uncertain market July 23, 2024 LVMH, the multibillion-pound owner of Dior and Louis Vuitton, has reported a drop in revenue in the first half of the year, joining other major fashion brands which are suffering from a slump in demand. Revenue for the luxury retail brand came in at €41.7bn (£35bn) for the first half of 2024, the firm said [...]
Natwest: Hunt plots ‘tell Sid’ sale of remaining government stake November 22, 2023 Hunt has revealed the government will look to offload its remaining stake in Natwest to retail investors over the next year as part of a bid to boost participation in public markets.
Close Brothers cautious on outlook despite 2021 profit surge May 21, 2021 Close Brothers today said the market maker business had made more operating profit this year than over the whole of fiscal 2020. The British lender’s profits were bolstered by a surge in trading activity, with average daily bargains rising 46 per cent to 120k in the quarter ended 30 April. Close Brothers’ loan book rose [...]
Next share price up as it thanks sunny spells for raised profit guidance June 19, 2023 Next share price increased over four per cent this afternoon as the retailer raised its sales and profit guidance. The high-street favourite made the surprise announcement after it was bolstered by the arrival of warm weather – but warned that it does not expect the momentum to continue for the rest of the year. In [...]
Investec sees annual profit drop but second half resurgence boosts outlook May 21, 2021 Investec today said its financial year was a ‘tale of two halves’, with a strong earnings recovery in the second half supported by a resilient client base. Adjusted earnings per share for the year ended 31 March was 28.9p, almost 15 per cent lower than the previous year. Second half earnings shot up to 58 [...]
Bed Bath & Beyond files for bankruptcy protection, begins liquidation sale April 23, 2023 Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat, and has begun a liquidation sale. The home goods retailer, which shot to popularity in the 1990s as a go-to shopping destination for couples making wedding registries and planning for new babies, [...]