Morrisons takeover battle goes to auction showdown
The battle to buy supermarket Morrisons will go to an auction process, the stock market’s Takeover Panel has confirmed.
Private equity giants Fortress and Clayton,...
Next warns over price hikes and Christmas staff shortages
Fashion giant Next has hiked its full-year outlook once more after surging sales but warned over rising prices and staff shortages in the run-up...
Next to post sales jump as investors seek update on trading momentum
Next is set to unveil a jump in sales for the past half-year but shareholders will also be waiting to find out if poor...
French Connection in takeover talks after £29m approach
Retailer French Connection has revealed it is in takeover talks after receiving an approach worth £29 million.
The fashion chain said it had received a...
Card payments accounted for more than £4 in every £5 spent in 2020, says...
Card payments accounted for more than £4 in every £5 spent in 2020, British Retail Consortium (BRC) figures show.
Debit and credit card transactions accounted...
Icon Outlet experienced a record-setting August
Icon Outlet has revealed it experienced a record-setting August across three key metrics compared to the same month in 2019. Sales increased by 24%,...
Kingfisher hikes outlook after profits jump on DIY boom
B&Q owner Kingfisher has upped its full-year sales and earnings outlook after first-half profits jumped amid a pandemic-driven DIY boom.
The group posted a 70.6%...
UK retail sales drop for fourth month in a row
UK retail sales dropped in August for the fourth consecutive month as grocery sales were impacted by more people returning to restaurants and pubs,...
John Lewis Partnership narrows losses despite £54m hit from redundancies
The John Lewis Partnership (JLP) has narrowed its losses despite taking a £54 million hit from redundancies.
The retail giant unveiled a £29 million pre-tax...
JD Sports delivers bumper profits after post-lockdown demand surge
JD Sports revealed a surge in profits as pent-up demand from shoppers returning to stores and strong online sales helped drive the retailer to...