WHSmith shares continue to sink ahead of high street chain rebrand April 22, 2025 WHSmith’s shares have sunk more than 18 per cent since the company’s board approved the sale of its high street chain at the end of March. It’s one of the few retail stocks that hasn’t recovered from the tariff-fueled market dip in the first week of April, with investors still concerned about the stationer’s prospects. [...]
Hargreaves Lansdown co-founder returns to board after £5.4bn takeover April 21, 2025 The billionaire co-founder of Hargreaves Lansdown has made a surprise return to the investment platform’s board following its private equity takeover last year. Peter Hargreaves, who helped set up the investment site in 1981 and stepped down as a director a decade ago, will reappear on the company board in a non-executive role. Hargreaves has [...]
A Shein-shaped question looms large over London April 20, 2025 With UK regulators said to have rubber-stamped its application to list in London, Shein’s long-awaited blockbuster IPO is closer than ever. But with questions over its links to forced labour continuing to dog the Chinese-founded firm, and recent turbulence from Trump’s tariffs, Ali Lyon asks, is it losing steam at just the wrong time? On [...]
Dunelm warns of uncertainty ahead despite ‘strong’ growth April 17, 2025 Dunelm revealed "strong sales" over its third quarter, as the group generated over six per cent growth across its homewares and furniture categories.
Sainsbury’s warns on growth as trolley wars heat up April 17, 2025 Sainsbury’s has said it expects no profit growth in the next year as competition in the grocery market intensifies. The supermarket giant reported retail underlying operating profit of £1.036bn in the 52 weeks ended March 1, up 7.2 per cent from £966m last year. It said double-digit growth at its Sainsbury’s retail arm was partially [...]
WH Smith: High street profit slumps ahead of Modella sale April 16, 2025 WHSmith’s high street division has reported a significant drop in trading profit, falling by over 30 per cent as it prepares for its sale to private equity firm Modella Capitlal. The retailer’s high street business delivered a profit of £15m for the six months to Febuary 28, 2025, down from £22m in the same period [...]
McIlroy Masters success tees up PGA TV rights price hike for Sky Sports April 16, 2025 Ahead of the Game: Can Sky Sports hold on to PGA rights, how do Hundred teams claim their cash, will Everton’s women stay at Goodison Park, and what will Super League look like in 2028? The PGA Tour is hoping to capitalise on the Rory McIlroy effect by securing a significant increase in the value [...]
Frasers to launch Sports Direct in Australia and New Zealand April 15, 2025 Frasers will enter into a long-term agreement with wholesaler Accent Group to launch Sports Direct across Australia and New Zealand in the next step in its international growth plans. The 25-year partnership aims to rollout up to 100 Sports Direct stores across the region, which would boost the total number of Sports Direct stores by [...]
B&M: Poor UK sales weigh on earnings for bargain retailer April 15, 2025 Discount retailer B&M expects full-year earnings to fall year on year as poor UK sales weigh on overall company performance. However, the company told markets this morning that it expects to report earnings before interest, tax, depreciation and amortisation (EBITDA) above the midpoint of its £605m-£625m guidance range. The firm lowered its expected full-year EBITDA [...]
Halfords: Sales jump but retailer warns tariffs could hit supply chain April 15, 2025 Motoring and cycling specialist Halfords has reported an uptick in sales but warned US President Donald Trump’s tariffs could push up costs across its supply chain. The retailer and services provider told markets this morning that sales grew 2.3 per cent in the year to March 28. Its share price rose more than 13 per [...]