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M&S acquires Asos fulfilment centre for £67.5m


By Dan McGrath

Asos has agreed terms with Marks & Spencer (M&S) to sell its Lichfield fulfilment centre for £67.5m.

The online fashion retailer said the disposal comes after it recorded lower capacity requirements over the past three years, as a result of improvements in stock turn and the scaling of flexible fulfilment


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Compass increases profit guidance in H1 results

Compass Group has increased its full-year profit guidance after reporting a year-on-year underlying operating profit jump of 12% in the six months to 31 March, totalling $1.84bn

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IAG remains confident in jet fuel supply

International Airlines Group (IAG) has stated that it is confident in its jet fuel supply in its main markets throughout the summer, despite the impact of the Middle East conflict.

The group, which owns airlines including British Airways and Aer Lingus, said that while there is potential for jet fuel to be restricted on a global basis, it is "well hedged" at 70% for the rest of the year

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Intertek rejects latest EQT bid

Intertek has rejected another bid from the Swedish private equity firm, EQT, valued at £10.3bn

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JD Sports shares jump despite profit warning

Shares in JD Sports increased by over 6% in early trading, after the retailer widened its profit guidance for the current financial year.

In the year to 31 January, the firm’s sales increased by 10.5% to £12.6bn, driven by the annualisations of the Hibbett and Courir acquisitions in the previous year

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BAE Systems reports ‘strong’ performance in 2026

BAE Systems has recorded a "strong operational and financial performance" so far in 2026, as the defence giant reiterated its full-year guidance

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TBC Bank appoints new CFO

TBC Bank Group has appointed Guy Stevens as its new group chief financial officer (CFO), effective from 13 July

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M&G returns to inflows in Q1

M&G has posted net inflows of £600m in three months to 31 March, following outflows of £100m in the same period last year

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Wetherspoons issues profit warning as costs increase

Wetherspoons has stated that its profits may be slightly below market expectations as costs increase across the business

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Next beats expectations in Q1

Next has reported that its full price sales increased by 6.2% year-on-year, beating expectations of 4% set out in its full-year results

Diageo reports 2.3% sales increase in Q3

Diageo has stated that its reported net sales increased by 2.3% to $4.5bn in the third quarter, reflecting a positive hyperinflation adjustment
Safe Computing Pension Fund completes £4.5m buy-in with Just Group

Safe Computing Pension Fund has completed a £4.5m full scheme buy-in with Just Group, securing the benefits of 16 deferred and 24 pensioner members
Vodafone takes ownership of VodafoneThree joint venture

Vodafone has agreed to take ownership of the VodafoneThree joint venture for £4.3bn via a cancellation of shares


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