Mothercare 1Q UK Comparable Sales Fall 4.1%; Overseas Strong
15th Jul 2010 07:25
LONDON (Dow Jones)--Parenting and children's products retailer Mothercare PLC (MTC.LN) Thursday said sales from its U.K. stores open more than a year fell 4.1% in its first quarter, although it enjoyed strong growth overseas as it continued its expansion into new territories. Mothercare describe
Read moreMothercare UK sales fall as global soars
15th Jul 2010 07:14
Mother and baby retailer Mothercare reported a 4.1% decline in first quarter UK like for like sales while international sales soared 20.3%. Overall group sales were up 0.4% during the 15 weeks ended 10 July. The group said the UK environment remained challenging, and the first quarter results were
Read moreThursday preview: Mothercare, Experian
14th Jul 2010 17:58
Mothercare, owner of the eponymous retail chain and also the Early Learning Centre brand, is another retailer holding its annual general meeting (AGM) this week, following hot on the heels of J. Sainsbury and Marks & Spencer. Unlike at the Sainsbury and Marks & Spencer AGMs, there is little expecta
Read moreRed Rock boss sells
25th Jun 2010 16:42
Red Rock Resources chairman Andrew Bell has sold more than half of his holding in the AIM-quoted minerals explorer. Bell raised £21,300 from the disposal of 1m shares at 2.13p each. He still owns 800,000 shares. Bell is a former mining analyst with Morgan Grenfell. The shares were sold on the d
Read moreTuesday tips round-up: Weir, Mothercare, United Utilities
15th Jun 2010 06:53
Engineering group Weir issued a surprise update yesterday, revealing that trading over the nine weeks to the 4 June had been stronger than expected. Particularly encouraging was the disclosure that original equipment orders had begun to increase. In terms of enterprise value to earnings before inte
Read moreUPDATE: Asos In Talks For High Street Pick-Up And Returns
9th Jun 2010 17:17
(Adds detail, analyst comment, Alliance Boot reaction) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Online fashion retailer Asos PLC (ASC.LN) Wednesday revealed it is in talks with several big-name high-street retailers about using their stores to operate a pick-up and r
Read moreMARKET TALK: Goldman Initiates Coverage Of Mothercare At Buy
8th Jun 2010 09:55
0855 GMT [Dow Jones] Goldman Sachs initiates coverage of Mothercare (MTC.LN) at buy with 723p price target. Says it offers investors an attractive combination of UK business resilience and overseas growth at a compelling valuation. Says the 23% sell off year-to-date offers an attractive entry point.
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
8th Jun 2010 09:55
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0855 GMT [Dow Jones] Goldman Sachs initiates coverage of Mothercare (MTC.LN) at buy with 723p price target. Says it offers
Read moreBroker tips: IMPs, 888, Mothercare
24th May 2010 13:28
The recent market correction has encouraged brokers to scout around for stocks where the price falls might have been overdone, and the following three stocks have been identified as potential candidates. Nomura Securities has upgraded tobacco giant Imperial Tobacco - popularly known as Imps - to "b
Read moreBroker snap: Mothercare 'oversold'
24th May 2010 13:09
Kiddies toys and equipment retailer Mothercare has plunged to a 10-month low after falling 12% in just over a week, due in part to disappointing final results. FinnCap believes the shares are now back to a level at which they appear oversold from a technical perspective and where it feels the funda
Read moreLondon close: Footsie slides again on euro woes
20th May 2010 16:34
London took its place in line on another miserable day for European stock markets as concern about the health of Europe sparked a switch into bonds. US shares also slumped as German chancellor Angela Merkel issued more controversial comments, including advocating a hands-on global response to marke
Read moreLondon afternoon: Footsie lower on weak US
20th May 2010 14:24
Futures pointing to a sharp dip in US markets early on knocked blue chips in London as the afternoon session got underway. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy". The broker sa
Read moreLondon midday: Footsie drifts into the red
20th May 2010 12:07
Footsie dipped into negative territory shortly before the lunch time session commenced, with miners largely responsible for the downturn. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy".
Read moreLondon open: Markets start well
20th May 2010 08:46
London's leading shares are posting good gains following the heavy sell-off yesterday. Gas and electricity pipeline grid operator National Grid is a big faller though. The group announced a fully underwritten rights issue to raise £3.2bn as it posted a 57% rise in full year profits. Pre-tax profit
Read moreMothercare FY profit little changed
20th May 2010 07:13
Kids' clothes and equipment retailer Mothercare said underlying full year pre-tax profit was little changed but international sales saw an impressive 21% rise. Underlying profit before tax rose to £37.2m for the 52 weeks ended 27 March 2010 from £36.9m previously. Pre-tax profit fell to £32.5m fro
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