Laura Ashley slips, blames bad weather
25th Sep 2013 14:10
Unseasonable weather patterns disrupted first half sales at fashion and furnishings retailer Laura Ashley, hitting the shares hard. Total group sales slipped 5.6% to £137.3m in the 26 weeks to July 27th, with like-for-like retail sales down by 2.2%, although management emphasised their confidence a
Read moreSoggy weather hits fashion sales at Laura Ashley
13th Jun 2013 07:35
Fashion and furnishings retailer Laura Ashley reported a decline in like-for-like sales in the first 18 weeks of the current financial year as a strong performance from home furnishing was overshadowed by weak fashion sales. Total retail sales fell by 0.6% year-on-year, with like-for-like sales als
Read moreLaura Ashley reports better than expected growth in sales
14th Dec 2012 09:36
Fashion and furnishings retailer Laura Ashley reported Friday growth in retail sales for the first 19 weeks of the second half that came in marginally ahead of analysts' forecasts. The company said like-for-like (LFL) sales were up 4.9% for the period ended December 8th (Seymour Pierce forecast: 4.
Read moreFriday broker round-up UPDATE
14th Dec 2012 08:09
Anglo American: UBS reduces target price from 2150p to 1860p and downgrades to neutral. JP Morgan reiterates underweight. BG Group: Barclays reduces target price from 1490p to 1450p, while reiterating an overweight rating. BP: Barclays cuts target price from 500p to 480p and keeps an underweight r
Read moreLaura Ashley half year profit blooms
12th Sep 2012 08:02
Home furnishings and fashion retailer Laura Ashley said half year pre-tax profit increased nearly 14 per cent and while it remains mindful of the tough retail it is confident of further progress in the second half. Pre-tax profit increased to £8.3m for the 26 weeks to 28 July 2012 from £7.3m the ye
Read moreLaura Ashley's like-for-like sales rise
11th Jun 2012 07:21
Like-for-like sales flourished at fashion and homeware firm Laura Ashley as it looks to continued sales growth for the remainder of 2012. In its update for the 18 weeks of the current financial year ending 26 January 2013, the retailer known for its English rose patterns, said like-for-like sales
Read moreLaura Ashley Deputy Chairman sells 400,000 shares
20th Apr 2012 11:59
David Masters, Deputy Chairman of Laura Ashley, the fashion and homeware retailer, has sold off a chunk of shares at an average price of 23.5p each. Masters, who now holds one million shares, sold 406,250 for a total of £95,469. The sale was made on April 18th, just over a fortnight since the co
Read moreAnother XP Power director stocks up
19th Apr 2012 16:06
James Peters, Deputy Chairman of XP Power, the power controller manufacturer, has purchased 7,000 shares less than a week after the firm cautioned over its revenues. Peters, who founded XP in 1988, bought the shares for 1100p. The £77,000 transaction takes Peters' stake in the firm to 2,178,254 s
Read moreMonday broker round-up - UPDATE
21st Nov 2011 08:23
RBS: Banco Espirito Santo lowers to neutral, cuts target to 22p from 51p. Centrica: Investec puts target price under review, buy rating unchanged. Capita: Credit Suisse cuts target from 780p to 770p, outperform rating kept. Capital Shopping Centres: Seymour Pierce maintains reduce stance and 324
Read moreSector movers: Retailers rise after results impress
8th Sep 2011 16:08
The retailers were in demand on Thursday afternoon, defying a generally gloomy outlook for the UK consumer, after some pleasing results from giants Morrison and Home Retail Group. Supermarket chain Morrison's focus on value - and longer opening hours - helped it post sales and profits ahead of expe
Read moreLondon midday: Stocks stay buoyant
8th Sep 2011 12:02
Shares are posting continued gains as investors take an extended break from fretting about the eurozone crisis. Supermarket chain Morrisons' focus on value helped it post sales and profits ahead of expectations in the half year to 31 July. Pre-tax profits rose to £449m from £412m the previous year
Read moreLondon open: Flat start but Home Retail jumps
8th Sep 2011 08:26
Stocks are seeking direction this morning as traders pause for breath following yesterday's big gains Supermarket chain Morrisons' focus on value helped it post sales and profits ahead of expectations in the half year to 31 July. Pre-tax profits rose to £449m from £412m the previous year. Turnover
Read moreStore closures help Laura Ashley fashion profit rise
8th Sep 2011 07:36
Closing unprofitable shops helped homewares and ladies fashion retailer Laura Ashley post a rise in profits in the half year to 30 July. Pre-tax profits excluding exceptional items climbed to £7.3m from £5.7m over the same period the previous year. Total sales climbed by just 0.1% to £135.3m, but t
Read moreLondon close: Footsie recovers after steep fall
3rd Jun 2011 16:40
After a steep decline after lunch - on the back of a poor start on Wall Street - the Footsie recovered to finish above water, albeit only by around 0.1%. US economic data fuelled a brief sell-off just before 2pm after some much weaker than expected jobs data. Just 54,000 new jobs were added in the
Read moreLaura Ashley UK sales drop 4.5%
3rd Jun 2011 07:23
Fashion and homewares retailer Laura Ashley said UK sales fell 4.5% in the 17 weeks to 28 May 2011 as it closed more unprofitable stores and expects to post full year results in line with expectations. The retailer, known for its floral style, said like-for-like sales fell 1.3% while total UK sales
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