Topps Tiles cements its place March 25, 2015 ANALYSTS were pleased with the half-year update from Topps Tiles yesterday, although shares in the company dipped 3.66 per cent. The tile specialist said revenues for the 26 weeks would be around £104m, up by 5.2 per cent from £97.7m in the same period of last year. Matthew Williams, the chief executive at Topps, said [...]
Card factory message disappoints investors March 25, 2015 SHARES in Card Factory fell by 4.66 per cent yesterday, after the firm revealed a nine per cent increase in profit for 2014, but failed to announce details of future returns to shareholders. Like-for-like sales growth slowed to 1.8 per cent from 3.1 per cent last year, hurt by declining sales of Christmas card box [...]
Moss Bros back in style as online orders increase March 25, 2015 MOSS Bros posted a jump in full-year profits yesterday as online sales soared and shoppers snapped up the retailer’s new ranges, even as its hire business continued to struggle. The wedding market has struggled over the past two years amid a tough economic climate, summer events such as the World Cup and more couples saving [...]
Adnams toasts to hopping good year after record beers sales March 25, 2015 ADNAMS sold a record number of pints last year thanks to Britain’s love affair with craft beer and the company selling its products to a bigger range of pubs. The Suffolk brewer, which also has more than 50 pubs, 12 shops and three hotels dotted around East Anglia, said operating profits rose 14.7 per cent [...]
Hilton Food Group ups dividend payout after year of expansion March 25, 2015 SPECIALIST meat packing company Hilton Food Group announced a 4.3 per cent increase in its dividend for 2014, as pre-tax profit grew slightly. The group’s profit was up 1.3 per cent, from £24.9m in 2013 to £25.2m last year. Revenue was down by 2.3 per cent, from £1.13bn to £1.1bn. The firm, which operates in [...]
Travel firm basks in the warmth of summer sales rise March 25, 2015 HOLIDAY company TUI Group yesterday announced that prospects were warming up for the summer on the back of higher holiday sales and prices. TUI, formed in December from the merger of London-listed TUI Travel and German majority owner TUI AG, added that holiday sales for its winter season rose one per cent while holiday prices [...]
Vontobel takes 60pc of UK-based TwentyFour March 25, 2015 SWISS fund manager Vontobel Asset Management yesterday bought a 60 per cent stake in fixed-income boutique TwentyFour Asset Management. Vontobel, which has 191bn Swiss francs (£135bn) under management, has acquired a majority stake in the London-based firm as part of its strategy to boost its presence in the UK and extend its fixed-income business. Vontobel [...]
Chime scores higher profit with World Cup and Sochi Olympics March 25, 2015 Internal changes and external opportunity led communications and sports marketing group Chime Communications to rising profits, the company announced yesterday. Chime enjoyed a 19 per cent climb in profits before tax since 2013, closing the year at £30.1m. Revenues rose to £386.17m, a 31.6 per cent increase. Its consolidation of its divisions from five to [...]
Dairy Farm buys Macau’s San Miu chain March 25, 2015 ASIAN retail giant Dairy Farm International Holdings yesterday furthered its expansion into China with the purchase San Miu Supermarkets. San Miu, a grocery store chain, operates in Macau, a Chinese special administrative region which has the same status as Hong Kong. Dairy Farm Company, a wholly owned subsidiary, made the acquisition, adding San Miu’s 15 [...]
City Moves for 26 March 2015 | Who’s switching jobs March 25, 2015 London Capital Group The online trading firm has appointed Charles-Henri Sabet (pictured) as chief executive. He was previously executive chairman of the company, and joined the board in September 2014. Charles Poncet has been appointed non-executive chairman. He was a non-executive director of the firm. Old Mutual Global Investors The asset management firm has appointed [...]
