Debenhams pinches Mothercare finance chief
28th Jul 2014 08:25
High street retailer Debenhams has appointed the Chief Financial Officer (CFO) of Mothercare to the same role on its own board, it announced on Monday. Matt Smith, who has been CFO at Mothercare since last year and has previously been Finance Director of Home Retail's Argos, will take up his new r
Read moreMothercare shares fall after potential buyer pulls out
28th Jul 2014 08:23
Shares in mother and baby goods retailer Mothercare sank after a potential suitor confirmed that it was dropping its takeover interest in the group. The stock fell 26.5p or 10.3% to 231.75p at 08:23 in London as Destination Maternity (DM) said it did not intend to make an offer for the UK retailer.
Read moreSunday newspaper round-up: BSkyB, FX inquiry, GlaxoSmithKline
20th Jul 2014 17:41
BSkyB is putting the final touches to a plan to buy its sister companies in Italy and Germany and will announce the takeovers in the next two weeks, the Sunday Times reported. The deals will boost Rupert Murdoch's effort to buy Time Warner in the US because BSkyB will pay more than €8bn for stakes i
Read moreMothercare UK like-for-like sales rise
17th Jul 2014 07:42
Baby goods retailer Mothercare reported a rise in UK same-store sales and said its international division had returned to double-digit sales growth. The group, which recently rejected two bids from US-based Destination Maternity, said UK like-for-like sales rose 0.9% in the 15 weeks to July 12th an
Read moreSunday newspaper round-up: Experian, Sports Direct, Shire
13th Jul 2014 12:24
Sir John Peace will suffer his third shareholder rebellion in three months this week when investors in Experian revolt over pay and succession plans at the credit checking company, the Sunday Times said. Peace will then have suffered rebellions at each of the three FTSE 100 companies he chairs. At B
Read moreMothercare appoints Newton-Jones as full-time CEO
10th Jul 2014 13:15
Baby goods retailer Mothercare has confirmed that its interim boss and former Next director Mark Newton-Jones is to be made the permanent Chief Executive Officer (CEO). Jones, who will assume the role on July 17th, was previously CEO of Shop Direct Group, an internet and home shopping businesses, f
Read moreMonday newspaper round-up: IMF, Mothercare, Burberry
7th Jul 2014 07:18
Christine Lagarde has hinted that the International Monetary Fund may be preparing to cut its global growth forecasts as she warned that a pick-up in economic activity could prove "less robust than expected" amid "depressed" levels of investment. The head of the Washington-based fund suggested that
Read moreSunday newspaper round-up: Shire, Mothercare, Blinkx, Barclays
6th Jul 2014 17:18
AbbVie is expected to make an improved offer for Shire in the next few days after its Chief Executive Rick Gonzalez visited Shire's biggest investors in London, The Sunday Times said. Gonzalez is back in the US mulling his options after having three bid approaches turned down with the most recent va
Read moreLondon midday: Stocks gain as UK construction PMI hits four-month high
2nd Jul 2014 12:04
- UK construction PMI hits four-month high - ADP report, factory orders in focus Stateside - Service PMIs, ECB and jobs report due out tomorrow - Mothercare jumps on foreign interest techMARK 2,841.71 +0.32% FTSE 100 6,823.02 +0.30% FTSE 250 15,907.17 +0.42% Figures showing a surprise pick-up in U
Read moreLondon open: Stocks edge higher ahead of key data
2nd Jul 2014 09:21
- Markets await US data, Yellen speech - Services data, ECB meeting and non-farm payrolls due out Friday - Mothercare jumps after Destination Maternity bid techMARK 2,838.22 +0.20% FTSE 100 6,821.55 +0.27% FTSE 250 15,914.05 +0.46% UK stocks edged higher on Wednesday morning though upside was limi
Read moreMothercare rejects second offer from US suitor Destination Maternity - UPDATE
2nd Jul 2014 08:30
Mothercare has turned down two takeover proposals from US-based Destination Maternity (DM), believing them to "significantly undervalue" its prospects. Nasdaq-listed DM, which claims to be the world's largest designer and retailer of maternity apparel, said its second written proposal on Tuesday w
Read more500 jobs at risk at Mothercare under restructuring plans
18th Jun 2014 06:41
High street baby clothes and products retailer Mothercare could cut as many as 500 jobs, according to reports. Restructuring plans leaked to The Times say that the positions to be axed would be among customer service advisers. The speculation comes after the company reported last month that adjust
Read moreFriday broker round-up UPDATE
23rd May 2014 09:53
Admiral Group: JP Morgan raises target price from 1022p to 1164p, while staying with its underweight rating. Antofagasta: Investec cuts target price from 715p to 690p and leaves its sell recommendation unchanged. Assura Group: Liberum Capital shifts target price from 44p to 47p and stays with its
Read moreBroker tips: Asos, Mothercare, Royal Mail
22nd May 2014 14:00
Despite the slowdown seen in Asos´s sales during the second quarter analysts at Goldman Sachs decided to upgrade the shares to 'buy'. Now the broker calculates that the digital fashion retailer´s three-year forward compound annual growth rate of sales will be at 31%, instead of 38%. That means th
Read moreOriel reiterates 'reduce' on Mothercare amid pricing pressure
22nd May 2014 12:23
Oriel Securities has reiterated its 'reduce' advice on Mothercare, saying the baby product retailer's core UK business may take time to return to profit due to price competition. Mothercare on Thursday reported another fall in annual UK sales, but said they were dropping more slowly than the year b
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