Time to buy? Shares are up as Hotel Chocolat says it’s ‘on the front foot again’ October 12, 2023 Hotel Chocolat CEO said the "hard work" of a turnaround plan was beginning to pay off
Wagamama latest to go private in £700m Apollo deal October 12, 2023 Wagamama owner The Restaurant Group is set to become the latest London-listed firm to go private after receiving a bumper bid from private equity giant Apollo.
Next eyes £100m deal for FatFace in latest shopping spree October 11, 2023 If completed, it will be the latest name to join Next’s expansive list of firms it has gobbled up since the pandemic.
Selfridges losses narrow amid calls for return to VAT-free shopping October 11, 2023 The net loss for the year was £38.9m a stark improvement from an £83.9m dip it posted in the same period last year.
Can Birkenstock’s Barbie boost kick the IPO market into life? October 11, 2023 Analysts hope Barbie favourite Birkenstock can help kick the IPO market into life as it floats on the New York Stock Exchange today.
Birkenstock prices US IPO at $46 per share October 11, 2023 Birkenstock has priced its U.S. initial public offering (IPO) at the middle of its indicated price range at $46 per share.
Travis Perkins shares sink after mortgage misery profit warning October 11, 2023 Travis Perkins joins a slew of other businesses in the construction industry which have been hindered by the UK's ailing property market.
Marstons: Pub classics continue to help drive sales at no-frills haunt October 11, 2023 Marstons boss told City A.M during the summer that its food division has performed well recently after it streamlined its menu 14 months ago.
LVMH: Dior owner bolstered by demand for luxury goods but booze sales flag October 10, 2023 Luxury conglomerate LVMH reported organic revenue growth of 14 per cent at its third quarter results as it was bolstered by cash rich shoppers splurging on makeup and designer goods. The fashion giant, which owns the likes of Louis Vuttion and Dior, said revenues jumped 11 per cent year-on-year in its leather and fashion goods [...]
Pepsi raises profit guidance despite flat volumes October 10, 2023 Pepsico has upgraded its profit guidance for the third consecutive time in a row despite reporting a decline in volumes due to sticky inflation. The Coca-Cola rival said that its third-quarter revenue grew organically by 8.8 per cent to $23.5bn (£19.16bn) and underlying profit grew 12.1 per cent to $4.0bn. Pepsi, which sells favourites such [...]