Justin Emerson

ASOS battles for growth as profits climb but sales slip

Online fashion giant ASOS has reported a year of striking contrasts. The retailer, once famed for its meteoric rise among twenty-somethings, delivered a sharp improvement in profitability for fiscal year 2025 even as sales fell short of expectations. The results underscore a company in the throes of transformation, but still struggling to reignite the consumer spark that once powered its brand.

September 30, 2025 at 04:42 am

Costco Earnings Beat Highlights Consumer Focus on Value Amid Inflation

Costco Wholesale topped quarterly profit and revenue expectations on Thursday, offering one of the clearest real-time snapshots of how Americans are navigating inflation and uncertain economic conditions.

September 26, 2025 at 04:41 am

Petershill plots its London farewell

Petershill Partners, the investment vehicle operated by Goldman Sachs Asset Management, has announced plans to delist from the London Stock Exchange, in a move that its board says reflects growing frustration with undervaluation and weak investor appetite. Despite robust performance and improved capital returns, the firm has failed to secure what it considers a fair reflection of its intrinsic worth. This marks yet another setback for Britain's struggling equity market and the wider investment trust sector.

September 25, 2025 at 04:32 am

Kingfisher lifts profit forecast amid UK sales surge and market rally

Home improvement group Kingfisher raised its full-year profit outlook on Tuesday following a strong set of half-year results, with momentum in UK sales pushing shares sharply higher. The company, which owns B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other markets, reported a 10.2% rise in adjusted pretax profit to £368 million for the six months to 31 July, on sales of £6.81 billion, up 1%.

September 23, 2025 at 04:57 am

Best Buy holds firm after April trough

The retailer's stock has clawed its way back from a deep correction, showing signs of resilience as it tests new levels on the upside.

September 12, 2025 at 03:55 am

British 30-year gilt yields reach new records

Britain's 30-year gilt yield has climbed to its highest level since 1998, touching 5.680% and outpacing every other G7 economy. The spike reflects not only global jitters over sovereign debt but also specific concerns about the UK's economic and fiscal direction.

September 02, 2025 at 05:08 am

UK's Domino's Pizza stands by profit forecast, unveils £20m buyback

Domino's Pizza Group in the UK has reaffirmed its earnings outlook for 2025 while announcing a £20 million ($27 million) share buyback programme, doubling down on its confidence despite recent profit warnings.

September 01, 2025 at 09:24 am

Technical analysis: Deckers Outdoor's record year clouded by tariff threat

Deckers Outdoor has just delivered the strongest financial performance in its history, but the glow of record margins and double-digit sales growth is being dimmed by looming tariff risks. Management struck a confident tone on brand momentum yet stopped short of offering FY26 guidance, underscoring the policy uncertainty weighing on investors.

August 22, 2025 at 06:04 am

Revolution Beauty brings back co-founder as CEO in bold turnaround plan

Revolution Beauty has reinstated co-founder Tom Allsworth as chief executive, drawing a line under months of uncertainty by abandoning its sale process and launching a fresh equity raise. The embattled cosmetics firm, once a darling of British high street beauty, is seeking to raise £15 million in new capital as it attempts to stem the bleeding from plunging sales and internal discord.

August 22, 2025 at 04:33 am

Pearson faces softer momentum despite solid cash flow

Pearson has delivered another set of steady half-year results, showing resilience in both profit and cash generation. Yet, the shares remain weighed down by persistent investor caution, reflecting doubts over the pace of growth even as the group leans on strong fundamentals.

August 22, 2025 at 01:55 am

UK inflation climbs to 18-month high of 3.8% in July

UK consumer price inflation rose to 3.8% in the year to July, up from 3.6% in June, marking the highest rate since January 2024. The increase leaves Britain with the highest inflation among the G7 economies.

August 20, 2025 at 03:35 am

CoreWeave's Cloud Conundrum: Growth at Full Throttle, Losses in Tow

CoreWeave, one of the most prominent new names in AI infrastructure, posted second-quarter revenue of $1.21 billion, up 207% from a year earlier and comfortably ahead of Wall Street's $1.08bn forecast. The surge reflects an AI boom that continues to strain computing supply chains, as enterprises rush to deploy larger and more complex models. Yet despite the top-line beat, the shares fell 10% after hours. This may not reflect disappointment with the results: the stock had already climbed 33% over the past week, suggesting much of the good news was priced in well before the release.

August 13, 2025 at 04:07 am

MRNA rivals call truce as BioNTech prepares CureVac takeover

After years of sparring in court, CureVac and GSK have struck a $740 million settlement with Pfizer and BioNTech, ending a transatlantic dispute over the mRNA technology that shaped the COVID-19 response. The truce, three years in the making, comes just weeks after BioNTech agreed to acquire CureVac in a $1.25 billion all-stock deal, a move designed to sharpen its push into mRNA-based cancer therapies.

August 08, 2025 at 04:30 am

Holiday Inn parent IHG hit by faltering U.S. demand

InterContinental Hotels Group (IHG), the owner of Holiday Inn, reported a marked slowdown in global revenue per available room (RevPAR) in the second quarter, dragged down by weakening travel demand in the United States-its largest and most lucrative market.

August 07, 2025 at 04:28 am

Glencore's profit falls, but ambitions don't

Glencore's half-year report reveals a miner under pressure but unwilling to bend. With earnings down 14% and copper production faltering, the company is leaning into streamlining, cost-cutting, and a defiant vote of confidence in London as its corporate home.

August 06, 2025 at 04:22 am

EasyJet profit dented by French strike and rising fuel costs

EasyJet shares tumbled as much as 8.1%-their sharpest decline in a year-after the airline flagged a £25 million dent to annual profit caused by higher fuel prices and French air traffic control strikes, despite posting solid third-quarter results and continued strength in its Holidays division.

July 17, 2025 at 03:55 am

Rio Tinto posts strongest iron ore output since 2018 amid executive shake-up

Rio Tinto has posted its most robust second-quarter iron ore production since 2018, producing 83.7 million metric tons from its Pilbara operations. This record output comes as the miner transitions leadership, with iron ore chief Simon Trott set to take over as CEO on 25 August, succeeding Jakob Stausholm. Trott, 50, will move to London for the role.

July 16, 2025 at 04:07 am

Barratt Redrow holds its ground amid market strains

Britain's largest housebuilder, Barratt Redrow, has fallen short of its home completion target for the 2025 fiscal year, blaming renewed concerns over affordability that continue to dampen private buyer interest. The group, formed from the merger of Barratt Developments and Redrow, saw its shares tumble more than 11% on Tuesday, reaching their lowest level since October 2022 and dragging down the broader housing index by 4.7%.

July 15, 2025 at 05:14 am

Ashmore gains as investors pivot to emerging markets

Ashmore, the London-based wealth manager with a firm eye on emerging markets, has reported a rise in assets under management (AUM) in the fourth quarter, climbing 3% to reach $47.6 billion as of 30 June. The gain comes as investors increasingly favour emerging market equities over their developed-world counterparts, drawn by more attractive valuations and a faltering U.S. dollar.

July 14, 2025 at 03:37 am

Vistry maintains full-year outlook despite profit slump

Despite a sharp drop in first-half profit, Vistry is betting that a wave of government support for affordable housing will revive growth in the latter half of the year. In a sector still grappling with high interest rates and faltering demand, the housebuilder's wager reflects cautious optimism that the tide may finally be turning.

July 10, 2025 at 04:19 am

Shein turns to Hong Kong in bid to revive stalled London listing

Shein has filed a confidential draft prospectus with the Hong Kong Stock Exchange in a calculated move to accelerate its public offering ambitions and push Britain's regulators into loosening risk disclosure requirements that have so far held up its London debut, according to the Financial Times.

July 08, 2025 at 03:57 am