Sainsbury’s sells Argos credit cards for £720m in financial services retreat
Sainsbury’s has struck a deal to sell its Argos credit card portfolio for roughly £720m as the supermarket withdraws further from financial services to focus on retail.
Hotel group PPHE reports double-digit growth after strong summer
Hospitality real estate group PPHE has reported strong growth driven by higher occupancy rates in central and eastern Europe. The LSE-listed company posted record revenue of €125.4m (£104.8m), an
Andy Murray-backed Castore slumps to loss despite sales surge
Castore, the British sportswear brand backed by the likes of Sir Andy Murray and the billionaire Issa brothers, has slumped to a loss despite its sales jumping by £75m. The Manchester-headquartered b
Selfridges sinks further into the red as sales at luxury department store falter
Luxury department store chain Selfridges has lost more than £400m since it last made a pre-tax profit, it has been revealed. The business, which has UK stores in London, Birmingham and two in Manches
Microsoft and Meta stocks slip as investors demand more
Microsoft and Meta stocks have tumbled in after-hours trading despite both tech giants posting better-than-expected results yesterday. Microsoft reported a 16 per cent revenue increase to $65.6bn (£5
Ocado announces new chair sooner than expected
Ocado has announced KKR senior advisor Adam Warby will succeed Rick Haythornthwaite as its chairman in December. As well as working for KKR, Warby also serves as chair of management consultant firm He
Smith & Nephew slashes guidance as China slowdown continues
Hip and knee implant maker Smith & Nephew has cut its full-year guidance as it continues to grapple with a slowdown in China. It booked third quarter revenue of $1.4bn (£1.08bn), up four per cent yea
Coca-Cola HBC enjoys double-digit growth
A bottling giant behind Coca Cola and other major soft drinks has upgraded its guidance due to double-digit growth driven by continued demand in emerging markets. Coca-Cola HBC said that organic reven
Sensodyne and ‘power brands’ help Haleon grow revenue and profit
Consumer healthcare company Haleon has reported growth across all its categories and regions in its third quarter amid healthy toothpaste and mouthwash sales. In the three months ended 30 September,
Shell’s profit drops on weaker refining margins
Shell’s earnings fell slightly last quarter after profit margins declined at its refining business amid weaker global demand for oil. The oil and gas giant said adjusted earnings were $6.03bn (£4.6