Card Factory set to return cash to investors as new stores boost sales August 12, 2015 Budget greetings card chain Card Factory announced yesterday that it plans to return cash to shareholders after the opening of new stores and a relaunch of its website helped boost sales in the first half. The Wakefield-based retailer said total sales grew by eight per cent in the six months to 31 July thanks to [...]
Derwent London signs up credit card giant to White Collar Factory as first quarter lettings jump May 5, 2016 Derwent London said it has let two more floors at its White Collar Factory scheme in east London to credit card company Capital One. The announcement comes as the developer shrugs off uncertainty in the market to post a strong quarterly update. FTSE 250 constituent Derwent said Capital One has pre-let 29,500 square feet in the scheme's 16-storey tower [...]
Discount retailer B&M posts high-end results after a record year of expansion May 26, 2016 Discount retailer B&M boasted strong preliminary results for the year today, after a year of record store openings. Group revenues were up 23.6 per cent, up to £2.04bn from £1.65bn. Pre-tax profits jumped to £154.5m, a rise of 150 per cent. The numbers come after a year of expansion for the retailer. The company opened 79 new stores across [...]
Card Factory sends out cheerful greetings with increase in sales May 27, 2015 DISCOUNT greetings chain Card Factory reported a 7.5 per cent rise in first quarter sales thanks to new store openings and strong growth from its Getting Personal gift website. The Wakefield-based company, started by a husband and wife team from the back of a van, made its market debut in May last year amid a [...]
Card Factory share price falls eight per cent after bosses sell shares June 19, 2015 Shares in discount greetings chain Card Factory slumped eight per cent to 329p per share this morning, after bosses sold shares amounting to 4.3 per cent of the company. The Wakefield-based retailer said senior management had sold off 14.8m shares at 330p per share, making the total placing worth £48.84m. Its chief exec Richard Hayes sold £9.6m worth [...]
Jobs melting away: Hundreds of jobs may be lost as Cadbury Fingers could be made outside the UK December 29, 2016 The government has been urged to take action to safeguard hundreds of jobs at one of Britain's best-known chocolatiers. Cadbury's parent company, Mondelez, bought back the licence from fellow confectionery company Burton's Biscuits to produce some of the UK's best-loved snacks. Previously, Cadbury Fingers were produced under a licence by Burton's at its factory in Edinburgh alongside other lines made by [...]
Card factory message disappoints investors March 25, 2015 SHARES in Card Factory fell by 4.66 per cent yesterday, after the firm revealed a nine per cent increase in profit for 2014, but failed to announce details of future returns to shareholders. Like-for-like sales growth slowed to 1.8 per cent from 3.1 per cent last year, hurt by declining sales of Christmas card box [...]
Meet the 33 tech startups set for stardom January 26, 2017 More than 30 companies have been identified as the most promising tech startups in the country and will be mentored by top entrepreneurs to help create the next wave of top British tech stars. Challenger bank Monzo, online shopping site Trouva and digital mortgage adviser Trussle are among the startups who will be mentored by Lastminute.com [...]
Deutsche Bank mulls axing bonuses to pay loans fine December 18, 2016 Deutsche Bank could axe bonuses for some of its senior staff as scrambles to shore up cash to pay a potentially massive fine over toxic US loans. The bank, which has spooked investors in recent months with warnings over lower for longer interest rates and red tape pushing up costs, will not make a decision [...]
Charterhouse loses seat on Card Factory board after selling stake February 4, 2015 Private equity group Charterhouse has given up a seat on the board of Card Factory after selling 40m shares in the greetings card chain to raise around £110m. Graeme Coulthard, a partner at Charterhouse who has sat on the board since it bought the retailer for £350m in 2010, stepped down as a non-executive director [...]