Shares in Hilton Food Group increased nearly 6 per cent after trading performed ahead of expectations January 12, 2017 Hilton Food Group's shares jumped up today after the international meat packer said its results would surpass expectations. Shares in the UK's leading meat packing business increased 5.93 per cent to 670p in afternoon trading after it released an update ahead of its full-year results, which will be released 30 March. The group outperformed expectations as it grew in [...]
Londis and Budgens owner Booker Group beats expectations with its sales January 12, 2017 Wholesaler Booker Group's share price rose in trading today after the company reported a rise in sales. In the four months to 30 December, Booker Group's non-tobacco like-for-like sales increased 5.1 per cent, far ahead of analysts' expectations of between zero per cent and 0.5 per cent. Total non tobacco sales increased 4.8 per cent. [...]
Moss Bros focuses on online sales and improving margins January 12, 2017 Menswear retailer Moss Bros scored a healthy sales growth in the second half of 2016 as it focussed on improving its margins and its online offering. In the 23 weeks from 31 July to 7 January, Moss Bros' like-for-like sales grew 6.1 per cent on the year before, with online sales jumping 24.9 per cent. [...]
These analysts are not impressed by M&S’ trading update January 12, 2017 And it looked like things were going so well. Marks and Spencer started off the trading session on a high, jumping five per cent at the open when the retailer beat expectations with its like-for-like clothing sales. But M&S lost its shine as the day wore on, and its share price is now up just 0.8 per cent [...]
Winners and losers from retail’s “Super Thursday” January 12, 2017 So many retailers decided to update the market on trading today that Shore Capital analysts published a note to complain about it. But as the morning has progressed, clear winners and losers have emerged from the data deluge. Here are our picks: Winners JD Sports put its gymwear rival Sports Direct to shame today as it scored [...]
Outraged City analysts bash retailers for choosing to report on the same day January 12, 2017 Overloaded City analysts bashed UK retailers this morning for all choosing to publish financial updates on the same day. Today has been branded "Super Thursday" because so many retailers are publishing their Christmas figures. Financial reports have come from Marks and Spencer, Tesco, AO World, Debenhams, Asos and Primark-owner Associated British Foods, to name just a few. [...]
Savills’ international business benefited from the weak pound as UK figures performed better than expected January 12, 2017 The devaluation of sterling against other major currencies boosted Savills profits in 2016 as international commercial and residential sales surpassed expectations. The property firm said underlying results for the year would be "meaningfully" ahead of previous expectations in a pre-close trading update for the year ended 31 December 2016. In the UK, overseas buyers have come to take advantage [...]
Super first half for Supergroup as weak pound pushes up sales January 12, 2017 Supergroup reported a strong performance in its first half, thanks to the weak pound. The figures Supergroup, the owner of anorak purveyor Superdry, said revenues jumped 31.1 per cent to £334m in the six months to the end of October, pushed up by a 12.8 per cent rise in like-for-like sales, while online made up 21.6 per cent of total revenue, up from 19.2 per [...]
Dunelm shares drop despite reporting revenue increase – as store sales hit by supply chain woes January 12, 2017 Dunelm investors seemed unimpressed with this morning's report on trading in the 13 weeks to 31 December, despite group sales increasing. The figures Sales were up by 6.6 per cent year-on-year. Like-for-like sales from stores declined, by 1.4 per cent, to £215.6m. Dunelm's home delivery division saw a massive sales increase over the Christmas period, [...]
Primark owner’s share price drops as like-for-like sales in doubt January 12, 2017 Associated British Food's (ABF) share price fell three per cent in morning trading as the Primark owner gave the market few details on its like-for-like sales growth. The figures In its first quarter trading update, ABF said Primark's sales were up 11 per cent at constant currency and that "the UK performed well". However, the [...]