McColl’s looks to throw away newspapers in food store focus October 20, 2015 McColl’s has put 100 newsagents on the block as it focuses on opening more lucrative convenience stores instead The FTSE 250 retailer, which listed last year, has been steadily converting its newsagents into food and wine outlets at it looks to advantage of the fast-growing convenience sector and lure in higher-spending shoppers. The company said [...]
McColl’s sales boosted by new store launches September 4, 2015 NEWSAGENTS and convenience store group McColl’s said total sales rose by three per cent in the third quarter as it expanded its footprint, despite suffering a drop in sales at stores open more than a year. The London-listed company, which made its market debut last year, said like-for-like sales dropped by 2.3 per cent in [...]
Shares fall as McColl’s looks to sell 100 newsagents October 20, 2015 McColl’s has put 100 newsagents on the block as it focuses on opening more lucrative convenience stores instead. The FTSE 250 retailer, which listed last year, has been steadily converting its newsagents into food and wine outlets at it looks to advantage of the fast-growing convenience sector and lure in higher-spending shoppers. The company said [...]
McColl’s sees results in line December 2, 2014 NEWSAGENT and convenience store chain McColl’s yesterday cited “tough conditions” in its business outlook, but said it expected its 2014 results to be “broadly” in line with expectations. The company said that total sales, including VAT but excluding fuel, lottery and mobile phone top-ups, grew by five per cent in the fourth quarter ended 30 [...]
McColl’s sales rise following IPO April 8, 2014 McColl’s posted strong sales yesterday and said it is pushing ahead with new store openings as it published its first update since listing on the London Stock Exchange last month. The retailer, which owns 1,279 newsagents and convenience stores, said total sales rose three per cent in the 19 weeks to 6 April while stores [...]
McColl’s valued at £200m ahead of market debut February 25, 2014 SHARES in McColl’s fell on its first day of conditional trading yesterday as investors gave the convenience store group a subdued reception ahead its full market debut next week. The retailer, which owns 1,276 newsagents and convenience stores, set its share listing offer price at 191p per share yesterday, valuing the company at £200m. However, [...]
McColl’s kicks off retail IPOs with plan for £50m stock market float January 27, 2014 CONVENIENCE store group McColl’s is set to jump the queue of retailers preparing to join the stock market after confirming plans yesterday to float next month. The retailer, which owns 1,276 newsagents and convenience stores, wants to raise £50m in a main market listing that is expected to value the group at around £225m. McColl’s [...]
Nisa’s strong results mask 2014 challenges September 7, 2014 NISA Retail, the independent shop supplier, saw its turnover jump 10 per cent to £1.6bn during the year to March, with profits rising to £5.3m. The results, from the group’s companies house filing, disguise the challenging year that Nisa has seen since March. In July Costcutter changed its supplier from Nisa to Palmer and Harvey, [...]
Velocys raises over £50m in oversubscribed share placing September 29, 2014 Fuel refinery firm Velocys yesterday raised £52m from new and existing shareholders in a share placing designed to shore up the firm’s balance sheet and propel it to future growth. The company, which is backed by a host of big name investors such as Chelsea FC chairman Roman Abramovich and top investor Neil Woodford [...]
Saga nudges past issue price on its first day May 29, 2014 Over-50s insurance-to-holiday provider Saga yesterday joined a small band of newly floated firms trading above their issuance stock price, as it began trading in London. The group, which was listed on the stock market at 185p, rose to 188p during the day but ended up barely above its initial price, closing at 185.25p. Saga, which [...]