FTSE 100
This coverage explores how FTSE 100-listed companies intersect with the UK retail sector, providing analysis of financial results, strategic shifts, leadership appointments, and market developments. The reporting is tailored for retail executives and managers seeking to understand the broader economic and competitive forces shaping retail through the lens of major publicly listed businesses.
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Sep- 2024 -6 SeptemberClothing & Shoes
Burberry relegated from FTSE 100 as share price falls
Burberry has been relegated from the FTSE 100, having been in the tier for 15 years, after its share price plummeted this year following weaker sales. According to the latest FTSE Russell quarterly review, the luxury clothing brand now joins the FTSE 250, with insurer Hiscox taking its place in the…
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May- 2024 -29 MayNews
Today’s news in brief-29/5/24
Retail sales in the UK have seen their fastest growth since December 2022, according to the CBI Distributive Trades Survey. Sales volumes jumped by 8% in May, even as selling price inflation eased significantly to its lowest since August 2020, falling from 54% in February to 20%. Despite this improvement,…
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29 MayOnline & Digital
Ocado to be relegated from FTSE 100 as stocks fall
Ocado could face relegation from the FTSE 100 after its share price collapsed, amid reports the company is considering moving its listing from London to New York. The London Stock Exchange named Ocado Group as an indicative FTSE 100 deletion ahead of its next quarterly reshuffle, with technology group Darktrace…
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Apr- 2024 -8 AprilSupermarkets
Ocado faces shareholder revolt over proposed £15m bonus for CEO
Ocado could reportedly face a shareholder revolt later this month over a new pay scheme that includes a bonus of up to £15m for its CEO, The Financial Times has reported. According to the FT, it comes as the group is looking to change its pay plan as the previous…
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2 AprilNews
Today’s news in brief-2/4/24
Superdry CEO Julian Dunkerton’s plans for a takeover have fallen through, leading to an extension of a £20m funding facility with Hilco. Dunkerton, while remaining committed to the business, does not intend to make an offer, according to a statement on the London Stock Exchange. Talks of a possible equity…
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2 AprilHigh Street
Frasers appoints boyfriend of Mike Ashley’s daughter to board
Frasers Group has appointed a director to its board who is reportedly in a relationship with founder Mike Ashley’s youngest daughter. According to the Sunday Times, the Sports Direct owner promoted David Al-Mudallal, 31, the chief operating officer, to its main board as an executive director last month. Al-Mudallal, who…
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Aug- 2023 -30 AugustClothing & Shoes
M&S to re-enter FTSE 100
M&S is expected to return to the FTSE 100 for the first time in four years following a sustained rise in its shares. It has seen its share price surge by 80% this year and it is now valued at £4.3bn. According to its most recent trading update, its profit-before-tax…
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Jun- 2023 -22 JuneSupermarkets
Ocado shares jump amid rumours of Amazon interest
Ocado has seen its share jump price surge by almost 32% this morning (23 June) among rumours that online retail giant Amazon could be interested in a potential takeover, according to The Times. Ocado saw its share price jump from from 424p per share at close on Wednesday to 607p…
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Apr- 2023 -25 AprilClothing & Shoes
JD Sports appoints two new directors to board
JD Sports has appointed Angela Luger and Darren Shapland as its newest non-executive directors, with effect from 1 June 2023. Following their appointments, Luger will join the remuneration committee while Shapland will join the audit and risk committee. Luger brings a “wealth” of retail and non-executive director experience to the…
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Oct- 2022 -14 OctoberSupermarkets
Ocado shares rise amid Kroger merger talks
Ocado shares have risen over 10% after reports that its largest technology client, Kroger, was in talks with US supermarket operator Albertsons over a potential merger, which could see Ocado expand its presence in the US. Following reports from Bloomberg over a potential merger, the company rose to the top…
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