‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Reckitt Benckiser: Nutrition arm bruised amid baby formula litigation case April 24, 2024 Like-for-like sales at its nutrition arm fell by 9.9 per cent to £591m, which more than offset growth of 7.1 per cent at its hygiene arm and one per cent at its health arm.
Luxury retailer Kering warns of profit slump as Gucci burdens continue April 23, 2024 Kering braces for a profit slump in the first half of the year as the luxury goods giant struggles to win back Gucci sales.
After its latest deal, could JD Sports be the next FTSE 100 company to move to the US? April 23, 2024 A decision by JD Sports to pick up an American listed retailer will increase North America’s share of group sales from approximately 32 per cent to approximately 40 per cent.
Puregym targets up to 70 new sites this year after revenue boost April 23, 2024 PureGym has said it plans to keep expanding with new gyms, targeting between 60-70 new gyms this year across its markets.
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.
Chocolate and discount-loving Brits drive food inflation down for 14th straight month April 23, 2024 Grocery price inflation fell to 3.2 per cent over the four weeks to 14 April, marking the fourteenth monthly drop in a row, new figures by Kantar show.
Primark owner ABF raises dividend as markets ‘return to normality’ April 23, 2024 Primark owner Associated British Food (ABF) has raised its dividend following a strong set of results in the 24 weeks to 2 March.
Tipping law to come into effect this October amid fears it will pile further pressure on hospitality April 22, 2024 As of October, employers will no longer be allowed to hold back service charges from their staff, amid fears the legislation could place further pressure on hospitality businesses.
Selfridges circled by Chinese and Middle Eastern investors April 22, 2024 Selfridges is being circled by Chinese and Middle Eastern investors as the financial struggles of its Austrian co-owner Signa Holdings trigger a bidding war.
Asda boasts earnings and cash flow growth as low prices and loyalty apps win over consumers April 22, 2024 The firm pointed to the success of its loyalty app scheme, lower opening price points and the Just Essentials range.