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Retail
Struggling Fashion Giant Boohoo Launches Emergency Cash Call as Losses Mount
Fashion retailer Boohoo has revealed plans to raise £39.3 million through a share placement as the company grapples with mounting losses that have more than tripled in recent months. The London-listed organisation announced the fundraising…
Homebase Administration Threatens 2000 Jobs as The Range Steps In to Acquire 70 Stores
British DIY retailer Homebase has entered administration, placing 2,000 jobs in jeopardy as the company grapples with a significant downturn in home improvement spending. The chain, operating approximately 130 DIY and garden centre outlets,…
UK Grocery Sales Hit Highest Level Since Covid Lockdown As Christmas Shopping Begins
British supermarket sales surged to £11.6 billion last month, reaching their highest level since the pandemic-induced panic buying of 2020, driven by early Christmas shopping and Halloween celebrations.
Market researcher Kantar revealed…
Major Financial Updates Expected From SSE AstraZeneca and Walt Disney This Week
Market observers are keenly awaiting SSE's interim results this Wednesday, with particular focus on the FTSE 100 energy group's spending strategies. The company, a dominant force in UK offshore wind development, has recently achieved…
Sainsbury’s CEO Warns of Price Hikes Following Labour’s Budget
In a recent announcement that has sent ripples through the UK retail sector, Simon Roberts, the Chief Executive of J Sainsbury, has warned that customers may face higher grocery prices in the wake of Labour's recent Budget. The supermarket…
Howdens Warns of Consumer Spending Slowdown: A Sign of Economic Uncertainty
In the world of economic indicators, the appetite for new fitted kitchens has long been considered an unofficial barometer of consumer confidence and spending power. Now, a recent update from Howden Joinery, a FTSE 100 company and major…
Primark Owner Signals Potential Shift in Investment Strategy Amid Rising UK Taxes
In a surprising turn of events, the owner of popular fast-fashion retailer Primark has indicated that future investments may be directed away from the United Kingdom due to increasing tax burdens. This development raises concerns about the…
Burberry Shares Surge as Moncler Takeover Speculation Intensifies
British luxury fashion house Burberry witnessed a remarkable surge in its share price following reports of a potential takeover bid from Italian rival Moncler. The speculation, initially reported by specialist fashion website Miss Tweed,…
Greggs Secures Celebrity Chef Nigella Lawson for Landmark Christmas Campaign and Sales Drive
British bakery chain Greggs has strategically positioned itself for substantial festive season growth through a pioneering marketing collaboration with renowned chef Nigella Lawson. The partnership, valued at an undisclosed sum, marks the…
Apple Smashes Fourth Quarter Sales Records Despite EU Tax Hit
Tech giant Apple has delivered exceptional fourth quarter results, with record-breaking sales of £94.9 billion, outperforming Wall Street's projected figures. The impressive performance was primarily driven by robust iPhone demand, though…
GSK Maintains Annual Forecast Despite Vaccine Division Setback as New Drug Portfolio Shows Promise
British pharmaceutical giant GSK has held firm on its annual group forecasts despite experiencing a decline in vaccine sales, with strong performance in specialist medicines helping to offset the downturn. The FTSE 100 company reported a 2%…
Starbucks New CEO Unveils Bold Strategy to Revitalise Coffee Chain Performance
In a decisive move to counter declining customer traffic, Starbucks' newly appointed CEO Brian Niccol has revealed a comprehensive strategy focusing on traditional coffee house values and simplified operations. The world's largest coffee…
John Lewis wants to bring back the buzz with Jamie Oliver’s cooking school
John Lewis declared that the "buzz" was back as it announced an upgrade of its Oxford Street shop, which included a Jamie Oliver cooking school and a revamped beauty section.
The London store will offer more than 40 cooking classes, led…
Unilever’s sales are boosted by “power brands”
Unilever's third-quarter sales increased more than expected, as its ice-cream business grew ahead of the spin-off next year.
FTSE 100, which includes brands such as Marmite and Dove soap, reported a underlying growth in sales of 4.5…
Mike Ashley asks Boohoo for him to be the CEO
Mike Ashley, the retail tycoon, has made a bold bid to become CEO of Boohoo. He is pushing for a merger between Asos and the struggling fast fashion retailer.
Ashley's Frasers Group's proposal would reshape online fashion retail,…
Frasers Group criticises Mulberry’s management after abandoning its takeover plans
Mike Ashley's Frasers Group criticised Mulberry's management after it withdrew from its attempt to acquire the luxury handbag manufacturer following a number of rejected bids.
Frasers, Mulberry's 2nd largest shareholder, with 37% of the…
Halfords warns budget concerns make the near-term outlook “uncertain”
Halfords Group warns that consumers are delaying purchases of expensive items due to the uncertainty surrounding the economy, and the upcoming tax changes in next week's budget.
Like-for-like, the retailer and repair shop that sells…
General Motors increases profit guidance due to “resilient” consumers
General Motors' shares have soared after the automaker raised its profit forecast for the full year. This is due to the strong demand for SUVs and trucks.
Due to rising prices and consumer spending, the largest American carmaker by sales…