H&M hurt by gloomy consumer sentiment September 27, 2012 Profit after tax at H&M rose marginally to SEK3,622m (£339m) in the third quarter, as gloomy consumer sentiment, bad weather and negative currency swings weighed on the world’s second-largest clothing retailer. Group sales including VAT at H&M, which has more than 2,600 stores across 44 markets, increased 10 per cent in local currencies. Pre-tax earnings [...]
Swoop for debt firm heralds pay day for founder February 10, 2014 A DEBT collection agency founded in a living room in Wimbledon was sold yesterday to a JC Flowers-backed business for £295m, netting its founder about £25m. Marlin Financial, which was founded 12 years ago by entrepreneur Martin Dunphy, was sold to JC-backed Cabot Credit Management after a deal was struck over the weekend. The acquisition [...]
H&M delays launch of US online shop September 27, 2012 HENNES & Mauritz yesterday posted third quarter profits of 4.9bn Swedish krona (£460m), missing expectations, as grim economic conditions, bad weather and costly currency transactions hit margins. The retailer has also postponed the launch of its US online shop until next summer.
H&M sales hit by hot weather September 17, 2012 HENNES & Mauritz, the world’s second largest fashion retailer, said yesterday that unusually warm weather in Europe dented demand for autumn clothes and led to an unexpected drop in sales in August. Shares in the Swedish budget apparel firm, which trails Zara owner Inditex by value and turnover, as well as by the number of [...]
H&M sales hit by hot weather September 17, 2012 HENNES & Mauritz, the world’s second largest fashion retailer, said yesterday that unusually warm weather in Europe dented demand for autumn clothes and led to an unexpected drop in sales in August. Shares in the Swedish budget apparel firm, which trails Zara owner Inditex by value and turnover, as well as by the number of [...]
How shopping for watches online went mainstream February 6, 2014 DM London chairman David Coleridge tells us how the watch retail industry is changing with the times DAVID Coleridge has always been a man with a vision; one of those people who are ahead of the curve, a leader rather than a follower. It sounds hyperbolic but without him, in his auspices as chairman of [...]
England turn to fresh faces as Six Nations work begins January 9, 2014 ENGLAND head coach Stuart Lancaster has challenged fly-halves Stephen Myler and George Ford to stake a claim for a place in next year’s World Cup squad following their inclusion in the 35-man party to prepare for the Six Nations. No10 Toby Flood’s international career is virtually over after Lancaster, who has a policy of not [...]
Pawn shop A&B counts the costs December 9, 2013 TROUBLED pawnbroker Albemarle & Bond (A&B) spent nearly £5m trying to re-boost the company this year, helping provoke a 75 per cent fall in profits, figures published yesterday show. The high street chain, which is currently seeking a buyer after hitting difficulties caused by a slide in the gold price, spent £2.4m on restructuring costs [...]
Albermarle & Bond profits crash by over 75pc as gold prices slide December 9, 2013 Troubled pawnbroker Albermarle & Bond (A&B) won't be feeling much better today. The company has been hit by multiple setbacks – most recently announcing on the 30 September that falling gold prices have created uncertainty over its future. Its final results for the financial year ended 30 June reveal that performance is markedly worse on [...]
What the other papers say this morning – 06 February 2014 February 5, 2014 FINANCIAL TIMES Super rich in London boost economy London’s super-rich are “major contributors to the UK economy”, spending £4bn a year on goods and services, according to new research that underlines the financial impact of the capital’s wealthiest homeowners.Foreign investment in London property has become a political issue, with overseas buyers blamed for pricing locals [...]