Asda: Debt-laden grocer cashes in on price matching schemes as hunt for new chief gets underway May 17, 2024 Asda, the debt-laden grocery chain, said Aldi and Lidl price matching schemes helped revenue grow by 6.6 per cent in the first quarter of the year.
Mike Ashley’s Sports Direct loses bid to appeal Newcastle United kit row May 17, 2024 The Court of Appeal has rejected Sports Direct permission to appeal a decision over Newcastle United 2024/25 season kit
Unilever kicks off £1.29bn buy-back as bosses look to boost share price May 17, 2024 The Dove-to-Marmite maker said the first tranche of a buyback programme announced in February will be worth up to €850m and will run from today until the end of August.
XL Media: US revenue tanks at betting firm amid ‘increased competition from large publishers’ May 17, 2024 The owner of SportsBettingDime and Which Bingo, said revenue in the US was down 42 per cent down on last year’s figure to $26.9m (£21.2m).
GSK raises £1.25bn as it offloads final stake in Haleon May 17, 2024 The move separates the companies after a carve-up twoo years ago that saw GSK spin off and float its consumer arm as Haleon, amid fears the division was weighing on the growth of its dedicated healthcare business.
Shein favours London for blockbuster IPO as China fears spike New York float May 16, 2024 Ultra fast-fashion retailer Shein could favour London instead of New York for its blockbuster IPO, as bosses at the global retailer fail to convince US lawmakers the company is not controlled by China.
Getir suppliers allegedly left unpaid as rapid delivery firm races for the exit May 16, 2024 Rapid grocery delivery firm Getir has allegedly left some of its UK suppliers with huge unpaid bills after scrambling to exit its international markets over the past month, City PM understands.
Burberry share price slumps as ‘quiet luxury’ trend takes hold of shoppers May 15, 2024 Shares in Burberry slumped over three per cent on Wednesday in the latest display of investors waning confidence in the luxury fashion industry.
Catering giant Compass raises guidance following contracts at Kew and Royal Opera House May 15, 2024 Catering giant Compass Group has raised its profit guidance following a strong performance in the six months to the end of March.
Burberry: Analysts say ‘a lot to be desired’ after profit slip May 15, 2024 British fashion house Burberry reported a decline in operating profit for the full year as the brand continues to feel the pinch from consumers reducing spending on luxury items.
