Stock Market
This coverage tracks the stock market performance of key retailers and related companies, with analysis of share price movements, financial results, and investor sentiment. Reporting highlights earnings announcements, strategic updates affecting valuations, market reactions, and executive commentary — equipping retail professionals with insights into how public markets view the sector’s commercial and strategic developments.
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Jul- 2019 -1 JulyHigh Street
Bonmarché shareholder slams company as it sells stake to Day
Investment company Cavendish Asset Management has sold its 10.8% stake in fashion retail Bonmarché to Spectre Holdings, a company owned by retail tycoon Philip Day. The £600,000 deal has now increased the businessman’s stake, increasing his chances of a takeover. The news comes after Day closed his £5.7m bid to…
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May- 2019 -15 MaySupermarkets
Walmart considering Asda IPO
‘Big Four’ grocer Asda could be listed on the stock market as its parent company Walmart mulls over its future after the CMA blocked the proposed merger with rival Sainsbury’s. According to the BBC Walmart chief executive Judith McKenna told staff at an event in Leeds yesterday that a public…
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Jan- 2019 -2 JanuaryGovernment
Large retailers must now ‘justify’ bosses’ wages
UK companies listed on the stock market and with over 250 employees will now have to annually disclose and explain their top bosses pay and the gap between that and their average worker, the UK government has said. The pay ratio regulations, which came into force on 1 January 2019,…
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Oct- 2018 -18 OctoberHigh Street
Games Workshop warns of ‘coming uncertainties’ leading to 8% share slip
Games Workshop has issued a warning of “coming uncertainties” in the rest of the 2018/19 financial year, shares in the hobby retailer fell by 8% following the news. Despite the warning, the retailer said trading between 7 September and 7 October had “continued well” according to predictions with sales and…
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9 OctoberGovernment
Ex-Tesco directors back in court over fraud and profit overstatement
Three former directors of Tesco have been taken back to court for overstating profits and allegations of fraud in 2014. The Serious Fraud Office (SFO) are prosecuting former UK finance chief Carl Rogberg, former UK food commercial director John Scouler and former UK managing director Christopher Bush for one count…
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Jul- 2018 -16 JulyEconomy
The Works to open 50 stores per year and plans to IPO
Discount retailer The Works has unveiled plans to float on the London Stock Exchange and open 50 new stores each year, as it defies falling high street footfall. The Works is planning a £100m listing on the stock market which will give management and shareholders a £36.7m payout. Along with…
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Jun- 2018 -25 JuneHigh Street
Goldsmiths jewellers owner appoints banks ahead of IPO listing next year
The parent company of British jewellery retail chain Goldsmiths has appointed two banks to manage its flotation on the stock market next year. Aurum Holdings, which also owns Watches of Switzerland, has appointed Goldman Sachs and Barclays to aid with a public listing that may take place in London next…
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22 JuneEconomy
Chanel reveals profits for the first time
Fashion brand Chanel has released its profit figures for the first time in its 108-year history. Chanel saw an 18% rise in profit on last year, rising to £1.35bn and sales up by 11% to £7.5bn on the previous year. The brand, known for its luxury jackets, perfumes and handbags…
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May- 2018 -31 MayOnline & Digital
40% of independent Amazon shareholders oppose Bezos ‘being his own boss’
Over a quarter of Amazon shareholders have voted in favour of a resolution filed by SumOfUs calling on the company to separate Jeff Bezos joint roles of CEO and chair of the board. At an annual general meeting shareholders argued that “Bezos shouldn’t be his own boss”. Due to the…
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10 MayDIY
Homebase receives bid from former Comet owner
Opcapita, the former owner of Comet has put in a bid of an undisclosed amount for Homebase according to Sky News. Homebase owners Wesfarmers are looking to sell the chain following their 2016 takeover and are offering a £100m dowry to any potential buyer. Homebase reported a $97m trading loss…
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