Convenience store chain McColl’s scores sixth year of sales growth February 27, 2017 McColl’s Retail Group said yesterday that its full-year revenue increased 1.9 per cent to £950.4m, up from £932.2m in 2015. Total like-for-like sales were down 1.9 per cent, in a trend that was consistent with prior year performance. Read more: Christmas come early: CMA approves McColl's acquisition of 298 Co-op stores Profit before tax came [...]
CMA approves McColl’s acquisition of 298 Co-op stores December 20, 2016 Don't you love it when the Competition and Markets Authority (CMA) clears something just in time for Christmas? The CMA has given the green-light to McColl's acquisition of 298 Co-op stores. McColl's intention to take on the stores was first announced back in July, and now that the CMA has approved the deal, McColl's expects [...]
McColl’s looks to throw away newspapers in food store focus October 20, 2015 McColl’s has put 100 newsagents on the block as it focuses on opening more lucrative convenience stores instead The FTSE 250 retailer, which listed last year, has been steadily converting its newsagents into food and wine outlets at it looks to advantage of the fast-growing convenience sector and lure in higher-spending shoppers. The company said [...]
Shares fall as McColl’s looks to sell 100 newsagents October 20, 2015 McColl’s has put 100 newsagents on the block as it focuses on opening more lucrative convenience stores instead. The FTSE 250 retailer, which listed last year, has been steadily converting its newsagents into food and wine outlets at it looks to advantage of the fast-growing convenience sector and lure in higher-spending shoppers. The company said [...]
McColl’s sales boosted by new store launches September 4, 2015 NEWSAGENTS and convenience store group McColl’s said total sales rose by three per cent in the third quarter as it expanded its footprint, despite suffering a drop in sales at stores open more than a year. The London-listed company, which made its market debut last year, said like-for-like sales dropped by 2.3 per cent in [...]
McColl’s sees results in line December 2, 2014 NEWSAGENT and convenience store chain McColl’s yesterday cited “tough conditions” in its business outlook, but said it expected its 2014 results to be “broadly” in line with expectations. The company said that total sales, including VAT but excluding fuel, lottery and mobile phone top-ups, grew by five per cent in the fourth quarter ended 30 [...]
Velocys raises over £50m in oversubscribed share placing September 29, 2014 Fuel refinery firm Velocys yesterday raised £52m from new and existing shareholders in a share placing designed to shore up the firm’s balance sheet and propel it to future growth. The company, which is backed by a host of big name investors such as Chelsea FC chairman Roman Abramovich and top investor Neil Woodford [...]
Nisa’s strong results mask 2014 challenges September 7, 2014 NISA Retail, the independent shop supplier, saw its turnover jump 10 per cent to £1.6bn during the year to March, with profits rising to £5.3m. The results, from the group’s companies house filing, disguise the challenging year that Nisa has seen since March. In July Costcutter changed its supplier from Nisa to Palmer and Harvey, [...]
Saga nudges past issue price on its first day May 29, 2014 Over-50s insurance-to-holiday provider Saga yesterday joined a small band of newly floated firms trading above their issuance stock price, as it began trading in London. The group, which was listed on the stock market at 185p, rose to 188p during the day but ended up barely above its initial price, closing at 185.25p. Saga, which [...]
TSB promises rapid growth to new investors May 27, 2014 NEW HIGH street bank TSB yesterday set out plans to grow by 50 per cent over the coming years, hoping to attract investors with an ambitious expansion plan. Lloyds is selling the 631-branch bank and published its intention to float the lender on the stock market yesterday. The sale comes at a tricky moment as [...]