WH Smith targets ex-bosses' bonuses after £50m accounting error
WH Smith's profits plummet to £16m as the FCA launches a formal investigation. The retailer is attempting to recover £7m in bonuses from former executives. Read the full story.
Category : Search result: retail profits
Macfarlanes Partner Takes Home Record £5m Pay Packet
A top partner at elite City law firm Macfarlanes earned a record £5m last year, as profits soar and pay for senior lawyers reaches new heights. Discover the figures behind the UK's legal pay boom.
Budget Uncertainty Dampens November Retail Spending
UK retail sales fell 0.1% in November as Budget uncertainty overshadowed Black Friday. Discover the key trends and what it means for the crucial Christmas period.
UK Retail Sales Fall in November as Black Friday Effect Weakens
UK retail sales fell 0.1% in November as cautious shoppers held back, with the Black Friday boost weaker than usual. Explore the ONS data and what it means for the economy.
BP names first female CEO in major leadership shake-up
BP appoints Meg O'Neill as its first female chief executive to accelerate a strategic pivot back to oil and gas. Discover the investor pressure driving this historic change.
Hotel Profits Fall as Costs Rise in UK and London
UK hotels face a profit squeeze as rising costs outpace increased demand and room rates. Experts warn of challenges from wage hikes and frozen tax thresholds. Read the full analysis.
Thames Water profits leap as funding crisis looms
Thames Water reports a £386m half-year profit, driven by higher bills, but warns of a potential rapid collapse into government control due to its £17bn debt crisis. Read the latest on the utility's precarious future.
Food inflation slows to 3% amid Black Friday deals
UK food inflation eased to 3% in November, down from 3.7% in October, as Black Friday discounts hit shops. However, experts warn of persistent pressures and challenges ahead for retailers and consumers.
Black Friday discounts slow UK shop price inflation
Early Black Friday discounts helped slow UK shop price rises to 0.6% in November, below the three-month average. Read the full analysis from the British Retail Consortium.
Peel Hunt profits jump 800% to £11.5m on deal rebound
London broker Peel Hunt reports an 800% profit surge to £11.5m, driven by a revival in corporate dealmaking. Discover the key figures and strategic outlook for the UK investment bank.
M&B profits jump 20% amid £130m cost pressures
Mitchells & Butlers reports strong £2.7bn revenue and 20% profit growth while facing £130m cost pressures from wage hikes and inflation. Discover how pub giants navigate economic challenges.
Labour's North Sea oil policy contradictions exposed
Labour's North Sea oil strategy faces criticism as energy department's pragmatic licensing clashes with Treasury's windfall tax, creating uncertainty for jobs and investment.
Pets at Home profits dive 33.5% in half-year results
Pets at Home reports 33.5% profit drop to £36.2m as retail business falters. Interim CEO announces urgent action needed to return to retailing roots. Read the full analysis.
B&Q Owner Kingfisher Raises Profit Forecast to £570m
B&Q owner Kingfisher boosts profit outlook despite softening UK retail market. Discover how strong management drives success in challenging economic conditions.
easyJet's new Stansted-Paris flights start 2026
easyJet announces new Stansted to Paris flights starting March 2026, alongside better-than-expected annual profits driven by package holiday demand. Book your seats now!
EasyJet profits climb as holidays sell well
EasyJet reports a 9% rise in annual profits to £665m, driven by strong demand for package holidays. Discover how popular destinations and strategic expansion fuel growth.
UK's £15bn October Borrowing as Energy Cap Set to Fall
Final UK economic health check before the budget reveals £15bn October borrowing, stagnant retail sales, and a slight energy price cap fall from January. Stay informed on the key data.
JD Sports hit by UK youth unemployment
JD Sports warns annual profits will be at lower end of forecasts as high youth unemployment and lack of spare cash among under-25s causes a 3.3% sales slide in the UK, its worst-performing market.
Asda raises £568m from supermarket sell-offs
Asda has secured nearly £600m through sale-and-leaseback deals for its stores, using the funds to repay looming debt to former owner Walmart. Discover the supermarket's financial strategy.
Asda raises £568m in store sell-off as sales fall
Asda plans to sell and lease back 24 stores and a distribution centre to raise £568m, a move analysts call a 'sign of weakness' as the supermarket continues to lose market share.
Asda sells 24 stores in £568m property deal
Asda is selling 24 supermarkets and a distribution centre for £568m in a sale-and-leaseback deal. No stores will close, and all staff will remain in place. Read more.
New M&S Food Halls Open in Clapham and Fulham
Marks & Spencer unveils two new London food halls in Clapham and Fulham this week, creating over 100 jobs and boosting festive shopping options. Get the first look inside.
WH Smith CEO quits after damning Deloitte audit
WH Smith CEO Carl Cowling resigns following a critical Deloitte audit revealing major operational flaws. Discover how the stock reacted and what's next for the retailer.
Black Friday 2024: Smart Shopping Guide for UK
Britons spent £3.6bn during Black Friday 2023. Our expert guide reveals how to find genuine bargains, avoid scams and shop responsibly this sales season.
West End Businesses Fund Christmas Crime Crackdown
Over 600 West End businesses launch the largest private security investment to combat phone theft and retail crime this festive season. Discover how Operation West End aims to keep shoppers safe.
WH Smith CEO resigns after £30m accounting blunder
WH Smith boss Carl Cowling resigns immediately after an accounting failure slashes profit forecasts by £30m. Read the full story on the retail giant's turmoil.
Reeves' Investment Campaign Hit by II Withdrawal
Interactive Investor quits the government's flagship retail investment campaign, dealing a major blow to Rachel Reeves' Leeds Reforms ahead of the Budget.
WH Smith CEO steps down after accounting scandal
WH Smith's chief executive departs immediately following a major accounting failure in its North American division that slashed profits and wiped nearly £600m from market value.
Ocado share price falls as Kroger shuts warehouses
Ocado's share price returns to its 15-year listing price after Kroger closes three automated US warehouses. Discover the challenges facing the UK delivery firm's expansion.
Ocado shares crash 17% after Kroger warehouse closures
Ocado's value drops £350m after US partner Kroger shuts three automated warehouses, described as a 'near knock-out punch' for the UK online grocer.
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