Johnson Service to close 100 dry-cleaning shops
4th Jul 2012 08:07
Dry-cleaning, textile rental and facilities management business Johnson Service said it will close 100 out of its 460 dry-cleaning shops by the end of the year. The group said the shops marked for closure are all loss making. Johnson said it anticipates that the result for the dry-cleaning division
Read moreHave you got a receipt for those? Next CEO in share disposal
5th Apr 2012 15:31
Lord Wolfson of Aspley Guise, Chief Executive of High Street retailer Next, has made his first sale since March 2007 in a move which triggered a widespread sale of the company's shares. Wolfson, who has stood at the helm of the chain store since 2001, sold off 125,000 shares at 3,057p each for a t
Read moreLondon close: Footsie finishes below best levels
6th Jan 2012 17:17
London closed comfortably below its best levels of the day despite better than expected US jobless data which had some market commentators crying 'foul'. US non-farm payrolls grew by 200,000 during the month of December. The consensus estimate was for a reading of 155,000. Morgan Stanley has sugges
Read moreDry cleaning a stain on Johnson Service's performance
6th Jan 2012 15:02
Dry-cleaning, textile rental and facilities management business Johnson Service fell to a 52-week low after it issued a mild profit warning. The group said results for 2011 will be "marginally below" market expectations, largely as a result of a less than sparkling performance by the dry cleaning d
Read moreWednesday tips round-up: Greene King, McBride, Johnson Service
7th Sep 2011 06:33
Greene King raised £200m in May 2009 to fund expansion. Greene King has spent £70m to £80m a year out of earnings on doing up its existing estate. Much of the rights issue cash went on premium pubs in London and food-led outlets elsewhere. The shares, not far from where they were a year ago, sell on
Read moreJohnson Service lifts divi 22%
6th Sep 2011 07:54
Dry-cleaning, textile rental and facilities management business Johnson Service said all of its divisions are trading well in challenging market conditions as it increased its interim dividend payout to 0.33p. For the half year ended 30 June 2011 adjusted operating profit rose to £8.4m from £8m th
Read moreJohnson and Johnston in facilities management deal
20th Jun 2011 11:32
Johnson Service Group, the dry-cleaning, textile rental and facilities management business, has won a contract to manage facilities for Johnston Press, the publisher of the Scotsman and Yorkshire Post newspapers. Up to 130 employees of Johnston Press involved in security, catering, cleaning, buildi
Read moreJohnson Service shrugs off winter blues
8th Mar 2011 15:37
Johnson Service Group's dry cleaning business was hit by extreme winter weather at both ends of 2010, but a strong performance from the textile hire business drove profits higher. Adjusted pre-tax profits rose to £18.3m from £17.5m the previous year on revenues that slipped to £235.1m from £236.4m.
Read moreSnow halts Johnson recovery
6th Jan 2011 12:40
Snow has taken its toll on dry cleaning and textiles rental group Johnson Service, with second half profits in its dry cleaning business knocked by £1m, though the linen rental side performed better than anticipated. In dry cleaning, sales were up 1% like-for-like in the three months before the col
Read moreShares for Tanzanite One fees
27th Sep 2010 16:39
All five directors of Tanzanite One have taken shares in lieu of directors' fees that they were owed. The directors' fees have not been paid since October 2009. The total unpaid fees to directors and senior management had mounted up to $383,000. The directors' fees were £157,000 of this. The 12p
Read moreLondon close: US cheer gives Footsie another lift
1st Sep 2010 16:39
An already buoyant Footsie enjoyed a second wind in late trading as manufacturing data from the US added to hopes that the global economy remains on course for recovery. The Institute for Supply Management's factory index rose to 56.3 from 55.5 in July, against expectations of a decline. That gav
Read moreJohnson Service chairman lifts stake to 2.5%
1st Sep 2010 15:03
Johnson Service Group's chairman John Talbot has splashed out around £445,000 in the dry cleaning business following strong first half results. He took 2.4m shares in the company at just over 18.5p a time and now has about 6.2m shares, nearly 2.5% of the whole company. The purchase came on the sa
Read moreLondon afternoon: Morning's gains consolidated
1st Sep 2010 14:21
Leading shares moved sideways over the lunch time session, consolidating the morning's gains. In the battle of the "bid speculation" stocks, package tour operator TUI Travel leapfrogged over Cable & Wireless Worldwide (CWW) to claim the prize as best performing blue-chip. TUI Travel is higher on h
Read moreLondon midday: Bid talk boosts Footsie pair
1st Sep 2010 11:58
It is a quiet day on the corporate news front and, as is often the case on such days, bid gossip is occupying the thoughts of traders. Cable & Wireless Worldwide (CWW), the demerged part of Cable & Wireless that is predominantly comprised of the telecoms giant's UK business, is being touted as a po
Read moreLondon open: Blue chips up again
1st Sep 2010 08:44
Leading shares have continued yesterday's rally after decent economic data out of China this morning. China's official purchasing managers' index rose to 51.7 in August from a 17-month low of 51.2 in July, causing an improvement in commodity prices and overall sentiment. Australian stock markets w
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