Financial Results

Mountain Warehouse FY sales hit ‘record’ £386m amid new openings

Mountain Warehouse has revealed that store sales rose 7.1% to a “record” £386m in the year to 25 February, owing…

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Ferragamo net profits plummet 73% in H1

Ferragamo’s net profits plummeted 73% to €6m (£5.1m) for the first half of the year ended 30 June 2024.  In…

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Superdrug FY23 pre-tax profits hit £111m

Health and beauty retailer Superdrug has revealed its pre-tax profits jumped 43% to £111.6m during the 52 weeks ended 31…

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Today’s news in brief-24/6/24

Shein’s plans for a £50bn flotation in London are under threat due to mounting concerns from Chinese officials over negative…

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Under Armour agrees to $434m settlement amid shareholder lawsuit

Sportswear brand Under Armour has agreed to a $434m (£342.7m) settlement in a 2017 shareholder lawsuit. The case alleges that…

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Music Magpie trading in line with expectations amid takeover talks

Music Magpie has announced that its Q2 trading has been broadly in line with management’s expectations and has benefitted from…

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Burberry profits plummet 40% amid luxury spending slowdown

Burberry has seen its pre-tax profits nosedive 40% to £383m in its full-year results, down from £634m the prior year,…

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Today’s news in brief-3/5/24

Asda, following strong FY23 financial results, has successfully refinanced £3.2bn of debt, pushing maturities into the next decade. This included…

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Amazon Q1 net sales jump 13% to $143.3bn

Amazon has revealed that its net sales rose 13% to $143.3bn (£114.7bn), up from $127.4bn (£102bn), for the three months…

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Primark launches click and collect amid soaring profits

Primark has revealed that it is launching a new click and collect service to all of its British stores by…

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