HSBC
This coverage explores HSBC’s influence on the UK retail sector through its financial services and advisory capabilities. Reporting includes lending trends, merchant services, digital payment innovations, sector-specific research, and leadership developments — all examined for their impact on retailers’ cash flow, investment decisions, and payment strategies. The content is tailored for finance directors, CFOs, retail operations managers, and executives responsible for financial planning and retail banking relationships.
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Sep- 2023 -13 SeptemberClothing & Shoes
Birkenstock files for IPO
Birkenstock has filed for an IPO in New York, targeting a valuation of more than $8bn (£6.4bn), according to The Financial Times. The footwear company reportedly filed a confidential prospectus to regulators in July, but this public filing would allow the company to join the New York Stock Exchange from…
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Jun- 2023 -20 JuneOnline & Digital
Gear4music falls to £0.4m loss in FY23
Gear4music has reported a loss after tax of £0.4m for the full year ended 31 March 2023, despite its revenue increasing by 3% to £152m. The online musical instruments retailer also reported EBITDA of £7.4m which is 34% below FY22 and 5% below FY20. According to the CEO of Gear4music,…
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14 JuneHigh Street
WH Smith completes refinancing with £400m facility
WH Smith has completed the refinancing of its existing £363m lending facilities after securing a £400m sustainability-linked facility. The group’s existing £363m lending facilities, consisting of a £250m revolving credit facility and a £113m term loan have now been cancelled and repaid. The new RCF is for a five-year term,…
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12 JuneHigh Street
Jollyes FY sales hit £115m
Jollyes has posted sales of £115m for the year ended 29 May 2023, up 33% from £85m for the previous period. This is the first time that the company has seen sales pass the £100m barrier. Furthermore, its like-for-like sales grew by 17% over the full year, over double the…
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Apr- 2023 -14 AprilOnline & Digital
AO lifts full-year guidance after cutting costs
AO World has said it is confident its full-year profits will be at the top end of its previous guidance after the electrical retailer worked hard to reduce costs and improve margins over the year. While the group previously warned of potential adverse effects from trading risks, macroeconomic uncertainty and…
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Feb- 2023 -13 FebruarySport & Leisure
Castore in $200m fundraising talks in bid to rival Nike and Adidas
Sportswear brand Castore is reportedly in talks with investors about a $200m (£166m) fundraising deal as it aims to compete with sportswear giants Nike and Adidas. According to Sky News, Castore has appointed Rothschild to advise the process and secure a significant capital injection. Initial talks with prospective investors have…
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Oct- 2022 -17 OctoberHigh Street
Asos enters final stages of financial amendment
Online fashion retailer Asos has said it is in the final stages of agreeing an amendment to the future financial covenants in its revolving credit facility. It comes after Sky News reported that banks including Barclays, HSBC and Lloyds Banking Group were lining up AlixPartners and law firm Clifford Chance…
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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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Sep- 2022 -21 SeptemberSupermarkets
Ocado shares drop amid HSBC downgrade
Ocado Retail Ltd shares dropped on Tuesday (20 September) after analysts at HSBC downgraded the retailer’s rating from ‘hold’ to ‘reduce’, according to City A.M. The lowered rating has sent Ocado’s share price down by over 7%, and this comes after Ocado lowered its FY22 outlook in a trading update…
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Jul- 2022 -27 JulyElectrical
Music Magpie posts H1 loss amid revenue drop
Music Magpie has posted a first half loss of £0.7m, down from profits of £4m, in the six months to 21 May 2022 as its revenues declined amid a post-pandemic drop in trading. During the period, its group revenues declined marginally to £71.3m (H1 2021: £72.8m) with Music Magpie adding…
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