3i doubles its investments January 27, 2011 3I RAMPED up investments in the final quarter of last year to hit a total of £510m in the last nine months of 2010, the listed private equity firm said yesterday. The figure was more than double the investment made in the same period in 2009, its interim management statement said. Buyout deals made up [...]
3i doubles its investments January 27, 2011 3I RAMPED up investments in the final quarter of last year to hit a total of £510m in the last nine months of 2010, the listed private equity firm said yesterday. The figure was more than double the investment made in the same period in 2009, its interim management statement said. Buyout deals made up [...]
JD Sports on takeover talks for JJB February 2, 2011 Sportswear retailer JD Sports Fashion has approached its struggling rival JJB Sports about a possible takeover offer, the two companies said. JD Sports said it was in “early stage” discussions with JJB’s board, while JJB Sports described the talks as “highly preliminary.” Both companies said there was no certainty an offer would be made by [...]
Debenhams markets share “on the rise” January 10, 2011 Debenhams has claimed it is winning market share from rivals as it posted a small rise in sales over the key Christmas trading period that was hit by December’s snow. Chief Executive Rob Templeman said he was pleased with the department store group’s Christmas performance given the adverse weather that gripped the nation last month [...]
Debenhams markets share “on the rise” January 10, 2011 Debenhams has claimed it is winning market share from rivals as it posted a small rise in sales over the key Christmas trading period that was hit by December’s snow. Chief Executive Rob Templeman said he was pleased with the department store group’s Christmas performance given the adverse weather that gripped the nation last month [...]
UK Mail blames poor weather conditions for profit warning January 12, 2011 SHARES in UK Mail dropped more than nine per cent yesterday after the delivery firm warned on its full-year profits, prompting Investec to cut its earnings and dividend forecasts and its target price to 400p from 420p. “Whilst we were able to manage our operations such that over 99 per cent of our Christmas parcel [...]
Virgin mulls legal action over Heathrow disruption January 10, 2011 Virgin Atlantic may take legal action against airport operator BAA over the part closure of London’s Heathrow airport last month and will withhold fees until a probe into the disruption is complete. “We’re exploring our legal options but will continue talking to BAA and want the inquiry into what happened last month to be both [...]
Virgin mulls legal action over Heathrow disruption January 10, 2011 Virgin Atlantic may take legal action against airport operator BAA over the part closure of London’s Heathrow airport last month and will withhold fees until a probe into the disruption is complete. “We’re exploring our legal options but will continue talking to BAA and want the inquiry into what happened last month to be both [...]
WH Smith sales drop – but margins improve January 26, 2011 WH Smith said higher profit margins offset a bigger-than-expected fall in sales over Christmas, due to disruptions caused by severe winter weather. The newspaper, books and stationery group said sales at town centre stores open over a year fell seven per cent in the eight weeks to 22 January, excluding entertainment products, which it plans [...]
Dunelm hit by tough Xmas January 11, 2011 HOMEWARE retailer Dunelm said it was cautious about the second half of the year due to the impact of tax rises and higher cotton prices, following a tough Christmas. Dunelm, which sells products like curtains, bedding, blinds, rugs and lighting, announced yesterday that like-for-like sales fell 1.2 per cent in the 26 weeks to 1 [...]