Walmart shares hit all-time high on solid holiday quarter sales February 21, 2024 Walmart shares closed at a record high and led the Dow Industrials after forecasting fiscal 2025 sales above Wall Street expectations and raising its annual dividend by 9%.
The Body Shop to close nearly half of UK stores – with seven to shut immediately February 20, 2024 The joint administrators of The Body Shop have revealed plans to restructure the high street retailer which will see a raft of stores close and hundreds of jobs lost.
Barclays chief CS Venkat: ‘We are creating a simpler, better, more balanced bank’ February 20, 2024 Barclays chief executive CS "Venkat" Venkatakrishnan has announced that the bank will become "simpler, better and more balanced" in a much-anticipated update on its restructuring plans.
‘We were wrong’: Coffee brand pulls out of Tesco after learning ‘simple truth’ February 20, 2024 The boss of an independent coffee brand has opened up about the decision to pull its products from the shelves of Tesco.
Lok’n Store’s development pipeline grows as company seeks to capitalise on demand for self-storage February 20, 2024 A publicly listed self storage company is close to opening its biggest store to date in Barking, Greater London.
Moving markets: Five things shaping the FTSE 100 today February 20, 2024 Asia stocks struggle despite China's interest rate cut, while Middle East tensions keep oil prices near three-week highs. Investors are focused on Bank of England's Bailey speech and Nvidia earnings.
Superdry founder in talks with US private equity firm for rescue bid February 19, 2024 The founder of Superdry, Julian Dunkerton, is reportedly in talks with US investor Davidson Kempner to rescue the ailing fashion retailer.
Currys: Could Mike Ashley’s Frasers Group enter bidding war? February 19, 2024 Electricals retailer Currys hit the headlines over the weekend after it emerged it could become the latest big name to leave the London Stock Exchange in a huge take-private deal.
FTSE 100 today: London markets prepare for quiet start amid thin U.S. holiday trading February 19, 2024 Asia shares stumble while China sees modest gains. Oil dips in light U.S. holiday trade. China's central bank holds the key interest rate steady. All eyes will be on high-flying Nvidia's earnings report this week.
Has the ‘squeezed middle’ come true for UK asset managers? February 17, 2024 As data for the end of the year has trickled out over the last month, it has become clear that 2023 was a poor year for mid-sized asset managers, after they suffered an already bruising 2022. The idea of the ‘squeezed middle’ has been a pervasive business cliche for some time, but it seems to [...]