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Retail
Frasers Group Pushes for Leadership Change at Boohoo, Recommends Mike Ashley as CEO
October 24, 2024 05:59 PM AEDT| By Team Kalkine MediaHighlights,Frasers holds a 27% stake in Boohoo,: As Boohoo's largest shareholder, Frasers has a strong interest in influencing the company’s future direction.,Leadership changes proposed,: Frasers is pushing for Mike Ashley to be appointed as CEO and...
Unilever (LSE:ULVR) May Fall Short of Q3 Sales Growth Expectations, Warns Jefferies
October 23, 2024 07:32 PM AEDT| By Team Kalkine MediaHighlights:,Jefferies forecasts Unilever's organic sales growth at 3.3%, below market expectations.,Product pricing may contribute negatively to sales as Unilever focuses on restoring competitiveness.,Unilever faces challenges from slowing US consume...
Frasers Group Drops Mulberry Takeover Bid Amid Concerns Over Governance and Financial Health
October 23, 2024 07:32 PM AEDT| By Team Kalkine MediaHighlights:,Frasers Group withdraws its takeover bid for Mulberry amid concerns over governance and financial health.,Frasers criticizes Mulberry for lacking a clear commercial plan to navigate challenging market conditions.,Frasers hopes Mulberry wi...
L’Oréal Faces Slump in Chinese Sales Amid Global Luxury Sector Struggles
October 23, 2024 07:32 PM AEDT| By Team Kalkine MediaHighlights:,L’Oréal reports disappointing sales, with a 6.5% decline in North Asia driven by weak Chinese demand.,Shares fall 3.8%, adding to year-to-date losses now exceeding 20%.,The luxury sector as a whole is facing significant struggles, with br...
Post-Merger Barratt Redrow Shows Improved Sales and Cost Optimization
October 23, 2024 01:50 PM AEDT| By Team Kalkine MediaHighlights:,Barratt Redrow reported a 33% year-on-year increase in sales following its merger.,The company plans for £90 million in cost savings, including potential office closures.,Analysts have set price targets of 540p (Stifel) and 585p (Peel Hun...
Co-op Boss Warns of Rising Costs Amid National Insurance Speculation and Living Wage Increase
October 23, 2024 01:50 PM AEDT| By Team Kalkine MediaHighlights:,Co-op CEO warns that potential national insurance hikes could significantly increase costs.,Real living wage increases will raise pay rates to £12.60, further adding to wage pressures for businesses.,Khoury-Haq calls for government collab...
Reckitt Benckiser (LSE:RKT) Anticipates Drop in Sales for Third Quarter
October 23, 2024 12:49 PM AEDT| By Team Kalkine MediaHighlights:,Reckitt Benckiser (LSE:RKT) is expected to report a 1.2% drop in organic sales for the third quarter.,Sales of hygiene and health products are forecast to grow by 2.5%, while nutrition sales are expected to decline by 21%.,Barclays mainta...
Nike Secures 12-Year Partnership Renewal with NBA and WNBA
October 23, 2024 12:49 PM AEDT| By Team Kalkine MediaHighlights:,Nike (NYSE:NKE) signs a 12-year global deal to remain the exclusive on-court kit provider for the NBA and WNBA.,The partnership includes new content initiatives and grassroots basketball commitments.,Nike extends its partnership with the...
Halfords Group Gains Limelight Today. Here’s Why.
October 22, 2024 06:50 PM AEDT| By Team Kalkine MediaHighlights,Halfords reported flat like-for-like (LFL) sales at -0.1%, but achieved gross margin growth through price optimization and its "Better Buying" initiatives, helping to counter inflationary pressures.,Autocentres, which account for 40% of gr...
Canal+ Eyes £8 Billion Valuation in Potential London Stock Exchange Listing
October 22, 2024 06:49 PM AEDT| By Team Kalkine MediaHighlights:,Canal+ targets a valuation of up to £8 billion in a potential London Stock Exchange listing.,The listing is part of Vivendi’s break-up, with shareholders set to vote in December.,A successful listing could be the largest IPO in London sin...
Frasers Group (LSE:FRA) Acquisition Proposal Refused by Mulberry Group (LSE:MUL)
October 22, 2024 06:45 PM AEDT| By Team Kalkine MediaHighlights:,Mulberry Group (LSE:MUL) rejects Frasers Group's (LSE:FRAS) 150p-per-share acquisition offer.,Frasers initiated the bid following Challice’s involvement in a £10 million fundraising round.,Frasers has until 28 October to submit a formal o...
Wickes Posts Revenue Growth as Installation Business Stabilizes
October 22, 2024 06:40 PM AEDT| By Team Kalkine MediaHighlights:,Group revenue increased 2.1%,to £391.3 million in Q3, driven by retail gains.,Retail revenue rose by 4.7%,, while D&I sales fell 7.1% but showed signs of stabilisation.,Wickes expects to meet full-year profit forecasts,, with shares risin...
Sosandar expands into physical retail in H1 2024, expects revenue of £40 million in FY25
October 22, 2024 06:34 PM AEDT| By Team Kalkine MediaHighlights,Sosandar achieved a gross margin of,62.2%,in H1 2024, up from,55.4%,, through careful cost management and reduced promotional activity.,The company successfully launched its first three physical stores, with strong trading results, and pla...
Shares of Mothercare Jumps on Friday. Here’s Why.
October 18, 2024 09:59 PM AEDT| By Team Kalkine MediaHighlights,Retail Sales Decline: Worldwide retail sales by franchise partners fell to £280.8 million, down from £322.7 million in the prior year.,Adjusted EBITDA: The Group recorded an adjusted EBITDA of £6.9 million, exceeding analyst expectations d...
S&P Upgrades Co-op Group on Solid Profitability and Debt Reduction
October 18, 2024 12:39 AM AEDT| By Team Kalkine MediaHighlights:,Profitability Growth:,S&P forecasts Co-op’s EBITDA to rise from £480 million in 2024 to over £530 million in 2025.,Deleveraging Efforts:,Co-op has repaid £200 million in bonds and plans to pay an additional £109 million by 2025.,Stable Ou...
TK Maxx Reports Record Sales Despite Profit Decline
October 17, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,Record Sales:,TK Maxx reported turnover of £4.03 billion, a 3.6% increase over the previous year.,Store Expansion:,The retailer opened five new stores, bringing the total number of UK locations to 432.,Profit Decline:,Profits fell from £1...
N Brown Group Receives Takeover Offer from Alliance Family
October 17, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,Takeover Offer:,Joshua Alliance, backed by his father Lord Alliance, has made a 40p per share offer to take N Brown Group private.,Board Support:,N Brown’s independent directors plan to unanimously recommend the offer to shareholders, wit...
Bidco to Acquire N Brown Group in £191 Million Cash Deal
October 17, 2024 06:41 PM AEDT| By Team Kalkine MediaHighlights,Bidco, controlled by Joshua Alliance, is acquiring N Brown Group in a £191 million deal.,Shareholders will receive 40p per share, representing a significant premium to recent share prices.,Eligible shareholders can opt for unlisted Bidco s...
Greggs to Open High-End Champagne Bar in Newcastle’s Fenwick Department Store
October 17, 2024 02:11 AM AEDT| By Team Kalkine MediaHighlights:,Greggs goes upscale,: Greggs is launching a Champagne bar in Fenwick’s department store, serving classic bakes with luxury dips and premium drinks.,Affordable indulgence,: Dishes are under £5, while cocktails range between £7 and £12, mai...
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Vertu Motors focuses on cost management and operational efficiency despite inflationary pressure
October 16, 2024 11:41 PM AEDT| By Team Kalkine MediaKey Points:,Vertu Motors reported a 2.9% increase in total group revenue for the first half of FY24, despite a challenging market environment, with aftersales operations contributing significantly to gross profit.,The company successfully grew its re...
AI on the Rise: A Look at Top AI Companies and Their Stocks