New business secured with housebuilders and insurers has seen floor coverings retailer Carpetright lift interim pre-tax profit 15.8% to £11m.
Group revenue rose 9% to £258m, and the firm hailed a.. teletext
Bosses at the ailing home improvement chain want to bring back axed concessions such as Laura Ashley and Habitat and even introduce new ones such as Carpetright and Pets Corner. MailOnline Also reported by •thisismoney.co.uk
Homebase is to close roughly a quarter of its stores, resulting in the likely loss of more than 1,000 jobs.
The chain's new owner Hilco Capital, which also owns HMV, is to outline plans to close 60.. City A.M.
The number of FTSE-listed companies issuing profit warnings rose by 13 to 58 in the second quarter, an increase of 29 per cent compared to the same period last year, according to an EY report published.. City A.M.
Like struggling retail counterparts Carpetright, New Look and House of Fraser, Mothercare believes that store closures through a CVA will give it the breathing room it needs MailOnline Also reported by •thisismoney.co.uk
London based stock exchange NEX Group saw a 70% rise in it share price, and is to be acquired by US exchange operator CME Group. But things are going wrong for flooring retailer Carpetright.
A gale is blowing through UK high streets, and retail and restaurant chains are feeling the sting. In this cut-throat environment, Toys R Us, Maplin and Poundworld have all gone to the wall. MailOnline Also reported by •thisismoney.co.uk
Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (25 to 29 June 2018).
The FTSE 100 traded little over the week, despite.. City A.M.