Matalan posts slump in growth after refinancing July 5, 2011 FASHION retailer Matalan saw profits slump 11 per cent in the year to February while revenues fell 0.7 per cent, its accounts showed yesterday. Privately-owned Matalan said gross profit fell to £186.3m from £209.8m over the past year despite it slashing its costs by 20 per cent to £65.8m, its full accounts filed at Companies [...]
Matalan posts slump in growth after refinancing July 5, 2011 FASHION retailer Matalan saw profits slump 11 per cent in the year to February while revenues fell 0.7 per cent, its accounts showed yesterday. Privately-owned Matalan said gross profit fell to £186.3m from £209.8m over the past year despite it slashing its costs by 20 per cent to £65.8m, its full accounts filed at Companies [...]
New private university in £10m placing June 5, 2011 SOME of Britain’s most celebrated academics have secured almost £10m in a private placement to launch a for-profit university that will charge £18,000 a year in tuition fees. AC Grayling, the famous philosopher, will become Master of the Bloomsbury-based New College of Humanities, which will offer degrees in English, history, philosophy, economics and law. He [...]
Goldman Sachs tops high yield bond league April 18, 2011 GOLDMAN Sachs has moved to top place for the first time since 2002 in the table for issuance of high yield bonds. The US investment bank has displaced Deutsche Bank – perhaps only temporarily because these positions have a habit of changing quickly – after completing a deal for the leisure group GEO. Goldman’s other [...]
Goldman Sachs tops high yield bond league April 18, 2011 GOLDMAN Sachs has moved to top place for the first time since 2002 in the table for issuance of high yield bonds. The US investment bank has displaced Deutsche Bank – perhaps only temporarily because these positions have a habit of changing quickly – after completing a deal for the leisure group GEO. Goldman’s other [...]
Matalan profit up June 25, 2010 Budget fashion retailer Matalan has seen a profit rise. The retailer made profits of £186m in the year to February – £41m up on the previous 12 months. Founder John Hargreaves shelved a plan to float the company earlier this year. Matalan trades from 205 UK stores with three more overseas.
New Look profit rises – but silence on IPO June 2, 2010 BUDGET fashion retailer New Look posted a 17.7 per cent rise in annual profit but has remained silent about its ambitions for a stock market return after postponing its flotation in February. The chain, which blamed volatile financial markets for derailing an expected £1.7-£2bn listing, said higher taxes and unemployment, and a weaker pound, would [...]
Asda takes over Netto in £778m deal May 27, 2010 ASDA has bought the Netto supermarket chain in the UK for £778m. Netto has 193 stores, which will be converted to small Asda stores by next Summer, if regulators give the deal the go-ahead. Asda plans to employ up to twice as many staff in each of the stores it has acquired. It sees the [...]
Clarke to become chief executive at Asda while Bond steps up to chairman May 11, 2010 CHIEF operating officer of Asda, Andy Clarke, has been appointed to the role of chief executive and president of the US-owned supermarket. His promotion follows last month’s announcement by Andy Bond that he would step up to become part-time chairman at the retailer. Clarke joined Asda in 1992 but left in 2001 for roles at [...]
Former Matalan boss joins Hut April 15, 2010 Angus Monro, the former Matalan chief executive is to join the board of online retailer The Hut Group. Monro is already among a list who have invested in the company, including fund managers Artemis and William Currie, and technology venture capital group Balderton Capital. Hut Group has been earmarked as the UK’s fastest growing online [...]