Dixons sees trade dented as the dire weather claims another retail victim January 13, 2011 DIXONS Retail yesterday forecast full-year profit around the bottom end of market expectations after Christmas sales were hit by December’s adverse weather. The company, which runs the Currys and PC World chains in Britain, UniEuro in Italy, Elkjop in Nordic countries and Kotsovolos in Greece, said it expected underlying profit before tax in the range [...]
What the other papers say this morning January 23, 2011 FINANCIAL TIMES AUDITORS SEEK TO EASE FEARS The four biggest auditors have denied that their dominance of the market for large companies had created a systemic risk akin to that posed by the leading banks. Deloitte, Ernst & Young, KPMG and PwC have told the European Commission that they are willing to help draw up [...]
HMV looks forward to happy Christmas after profits pick up June 30, 2010 HMV met forecasts with an 18 per cent rise in yearly profit and said its plan to transform the business into an entertainment brand was working. The music, games and DVD group, which runs over 400 stores under its own name as well as 314 Waterstone’s bookstores, made an underlying pretax profit of £74.2m for [...]
Enterprise sales hit by snow January 20, 2011 ENTERPRISE Inns said snow kept drinkers at home in December wiping up to £2m off its first-quarter profit. The group, which has around 6,800 pubs across Britain, said a cold snap of snow and ice leading up to Christmas caused a loss of earnings for many of its pub landlords. Net income at pubs where [...]
Dixons year profit to be at bottom end January 13, 2011 Dixons Retail, Europe’s No. 2 electricals retailer, forecast full-year profit around the bottom end of market expectations after Christmas sales in the UK were hit by December’s poor weather. The company, which runs the Currys and PC World chains in Britain, UniEuro in Italy, Elkjop in Nordic countries and Kotsovolos in Greece, said it expected [...]
Home Retail Group sales rally January 13, 2011 Home Retail said sales had fallen less than analysts expected at both its Argos and Homebase units in the run-up to Christmas, and forecast yearly profit in line with its own previous forecast. The company said it expected full-year pre-tax profit to be around the mid-point of its previously indicated range of £250m to £275m. [...]
TRAVEL NOTES January 16, 2011 Dukan Diet’s idyll Let us hope the troubles in Tunisia are over soon. The year’s must-do diet has launched a residential programme in Tunisia at the idyllic Residence Tunis. The three-part plan will see you drop pounds through reducing carbohydrate and fat, gorging on 28 different vegetables and eventually, resuming your normal diet. One for [...]
FOUR PLAY: the mercury rises too high February 21, 2011 ROOM 400. I smile. I have to admire Sandy’s fastidiousness. He wants this deal brought in at 400 basis points over Libor. My room reservation is his idea of a gentle reminder. 450 would have been a threat and anything on the fifth floor and I’d be on the phone to a decent headhunter. I [...]
M&S sales rise but year ahead set to be harsh January 11, 2011 MARKS & SPENCER saw sales rise in the key Christmas period but the retailer warned that 2011 would be tough, with austerity measures and the spectre of inflation rises to take their toll. Same-store sales rose 2.8 per cent in the UK in the 13 weeks to 1 January despite the impact of the snow. [...]
Restaurant Group lifts profit target as it targets new openings to fuel growth January 12, 2011 RESTAURANT Group has forecast full-year profit just ahead of market estimates as better-than-expected trading at its new sites offset the impact of heavy snowfall in the UK. The company, which owns the Garfunkel’s and Frankie & Benny’s chains, said revenue for the 53 weeks to 2 January was seven per cent ahead of 2009, while [...]