BAA takes £24m hit from big freeze January 12, 2011 BAA expects to take a hit of around £24Mm from last month’s big freeze, which paralysed many of its airports and dented passenger numbers in the week before Christmas. Passenger traffic at BAA airports fell 10.9 per cent in December year-on-year after last month’s heavy snowfall wreaked havoc, especially at its biggest airport, London’s Heathrow, [...]
Game Group looks online to stem the tide of falling sales February 16, 2011 THE new chief of video games chain Game said yesterday his strategy to cope with the trend away from buying physical games would be to concentrate on online sales. Ian Shepherd said he plans a “step change in our online revenues”. However he admitted that a large chunk of the £15m cost savings the group [...]
Game Group looks online to stem the tide of falling sales February 16, 2011 THE new chief of video games chain Game said yesterday his strategy to cope with the trend away from buying physical games would be to concentrate on online sales. Ian Shepherd said he plans a “step change in our online revenues”. However he admitted that a large chunk of the £15m cost savings the group [...]
Mothercare sales hit by bad weather January 6, 2011 MOTHERCARE has issued a profit warning after the winter weather dented its performance over the Christmas period. Like-for-like sales in the last three months of 2010 fell 5.8 per cent at the mother and baby retailer as the snow and ice took its toll, it said in a trading statement yesterday. Toy sales were hardest [...]
Hornby trains slowed by snow January 25, 2011 MODEL train maker Hornby, which also owns Scalextric and Airfix, has warned its profits will be below forecasts after sub zero temperatures hit Christmas sales. It said that the lower-than-expected sales in the festive season meant stores were unlikely to order as much fresh stock in the next few weeks. The company expects its pre-tax [...]
M&B sales rise fuelled by food January 27, 2011 Pubs and restaurants group Mitchells & Butlers said it had seen strong trading over the Christmas period, boosted by food sales, but remained cautious on the outlook for consumer spending. The company, which has over 1,600 pubs and restaurants and whose chains include Harvester, All Bar One and Toby Carvery, said like-for-like sales in the [...]
Rise in corporate travel boosts Hogg Robinson February 16, 2011 BUSINESS travel firm Hogg Robinson yesterday raised its profit expectations for the full-year due to a boost in travel activity, particularly in the Asia Pacific region. Hogg Robinson said travel books rose 15 per cent in the four months to the end of January, while the amount spent per client rose 15 per cent in [...]
Kesa profit squeezed by Comet sales January 19, 2011 ELECTRICALS retailer Kesa yesterday warned that profits would be at the lower end of expectations due to weaker sales at its UK chain Comet. Total like-for-like sales for the period between 1 November and 18 January were down four per cent. But Comet sales plummeted 7.3 per cent as tough competition, lukewarm consumer sentiment and [...]
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 [...]
John Lewis profit up 20pc – but warns of tough 2011 March 9, 2011 Retailer John Lewis said it would pay over 73,000 staff, known as partners, a bonus of 18 per cent of salary as it posted a 20 per cent rise in year profit after winning market share from rivals. But the 147-year-old employee-owned group, which owns 28 department stores, four John Lewis “at home” stores, 244 [...]