Latest News

Primark ‘struggling’ as sales drop for first time since COVID


By Dan McGrath

Primark has seen its like-for-like (LFL) sales fall by 6% in the UK and Ireland in the 16 weeks to 4 January, marking the first drop in sales for the retailer since COVID.

Associated British Foods (ABF), which owns the Primark brand, said this drop in the UK market, which accounts for 45% of its total retail sales, was a result of "cautious sentiment" from customers


Story 2

Burberry revenue drops as it continues to ‘reignite’ the brand

Revenue at Burberry fell by 7% in the third quarter to £659m, the luxury fashion firm has announced

Story 3

Paragon Bank posts growth in lending volumes

Paragon Bank has reported an “encouraging” start to its financial year after posting growth in new lending volumes

Story 4

Revolution Beauty shares drop 15% after latest trading update

Shares at Revolution Beauty have fallen by 15% in early trading, knocking £7m of the firm's market value, following its latest trading update for the current financial year

Story 5

Watkin Jones revenue drops after ‘resilient’ full-year performance

Watkin Jones has seen its revenue drop by 12% year-on-year to £362.4m, with the house developer’s chief executive officer describing the firm’s performance as "resilient"

Story 6

Labour costs set to dent Wetherspoon’s finances

JD Wetherspoon has stated that increases to the national living wage and employer national insurance contributions are set to cost the pub chain around £60m from April 2025

Story 7

Rockwool pension scheme completes £53m buy-in with Royal London

The Rockwool Limited Pension Scheme has completed a £53m full-scheme buy-in with Royal London

Story 8

easyJet trading update lacks ‘pizzazz’, analysts state

easyJet has seen its loss before tax reach £61m in its first quarter, as the airline published results that one analyst described as "lacking pizzazz"

Story 9

Quilter hits record core net inflows in 2024

Quilter has announced that it reached record core inflows in 2024, totalling £5.2bn

Story 10

Perspective Financial Group acquires five more firms in December

Perspective Financial Group has announced that it completed five acquisitions in December, taking the group’s total in 2024 alone to 29

abrdn marks improvement on inflows in 2024

abrdn has seen its recovery in its finances, jumping from an outflow of £5.7bn in the final quarter of 2023 to an inflow of £1.2bn in the same period in 2024
Marston’s raises toast in latest trading update

Marston’s saw its total retail sales increase by 3% year-on-year in the 16 weeks to 18 January across its managed and partnership pubs
ZOO Digital Group CFO to step down

The chief financial officer (CFO) at ZOO Digital Group, Phillip Blundell, has announced that he is to step down from the role to "pursue other opportunities"


View More News

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Tick here to confirm you are happy to receive news and promotions sent by Corporate Finance News that you can opt out of at any time.


© 2019 Perspective Publishing     Privacy & Cookies