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Frasers Group reports retail sales slowdown


By Michael Griffiths

Frasers Group has reported falling sales across its retail business in its latest first half results, as it acknowledged “tough” market conditions.

The company’s UK retail sports division recorded a 5.8% drop in sales to £1.33bn, while sales in its premium lifestyle businesses fell 3.7% from last year to £444.5m


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Future profits drop in ‘resilient’ full-year performance

Future has described its full-year results as "resilient", despite its profit before tax falling by 11% to £91.1m in the year to 30 September

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AJ Bell reports record financial year

AJ Bell has reported a record financial performance in its latest annual results as it recorded an 18% year-on-year jump in revenue to £317.8m

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Rio Tinto launches ‘simpler’ strategy changes

Rio Tinto has outlined its strategy to deliver returns by being a "stronger, sharper and simpler" company, including streamlining the firm into three business

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Smiths sells detection arm for £2bn

Smiths Group has agreed to sell Smiths Detection to private equity firm, CVC Capital Partners, for an enterprise value of £2bn

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Zigup accelerates profit expectations

Zigup has posted a 15.8% jump in pre-tax profit to £65m in its H1 results covering the six months to 31 October

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Sainsbury’s longstanding shareholder cuts stake

Sainsbury's longstanding shareholder, Qatar Investment Authority (QIA), has announced it is cutting its stake in the supermarket from 10% to around 6.8%

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Victorian Plumbing posts revenue rise

Victorian Plumbing has announced a 5% jump in revenue to £310m in its latest full-year results

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On The Beach reports fourth consecutive record TTV

On The Beach has recorded its fourth consecutive record time-to-value (TTV) in the year to 30 September, increasing by 11% to £1.25bn

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Steel contractor Severfield posts H1 loss

Severfield has posted a £7.6m pre-tax loss in its H1 results after reporting a “subdued” period of market activity

Manufacturer Gooch & Housego posts 47% profit jump

Manufacturing company Gooch & Housego (G&H) has reported a 46.8% jump in adjusted pre-tax profit to £11.9m in its latest annual results
Mitchells & Butlers profit jumps 19% in full year

Mitchells & Butlers has recorded a 19% jump in its profit before tax, totalling £238m in the year to 27 September.

The pub and restaurant operator, which owns Toby Carvery, Miller & Carter and Harvester, said it had traded ahead of the market in the last 12 months, with like-for-like (LFL) sales increasing by 4.3%
HICL and TRIG abandon £5.3bn merger deal

HICL Infrastructure and The Renewables Infrastructure Group (TRIG) have announced that they will not proceed with the £5.3bn merger deal that was agreed last month


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