Private equity groups close in on Pets at Home January 25, 2010 FOUR firms were thought to have launched bids of up to £800m for Pets at Home last night. Apax Partners, Bain, KKR and TPG made it through to a second round of bidding for the company and all four were expected to table bids before the deadline last night. The company will then decide whether [...]
Hornby says Scalextric boosts profits January 25, 2010 THE popularity of Scalextric sets helped to put toymaker Hornby’s sales into the fast lane over Christmas. Hornby said the racing car game had received a boost after current Formula One grand prix teams were introduced. In November the firm – which also produces Airfix models – was facing a potential downturn according to retail [...]
Apple Mania January 25, 2010 SHOPPERS snapped up Apple’s iconic Mac computers, iPhones and iPods in the run-up to Christmas, helping the US consumer electronics giant to notch up forecast-busting profits ahead of tomorrow’s long-awaited launch of its tablet device. Sales of the company’s Mac computers hit a record in the first quarter, rising 33 per cent on a year [...]
BEST OF THE BROKERS January 25, 2010 HMV Numis has cut its forecasts on HMV and shifted its recommendation to “hold” despite the retailer’s Christmas trading update which was in line with market expectations. Numis said the decline in HMV’s sales categories along with its growing fixed cost base meant the potential for profitability to evaporate was clear. PETROPAVLOVSK Canaccord Adams has [...]
Can I discuss my personal issues at work? January 25, 2010 DEAR VEXED: I’m going through a divorce and I can’t help crying at my desk sometimes. I don’t want to be inappropriate, but keeping it all from my colleagues and boss feels bizarre. Should I confide? And if so, to what degree? Lucy, 34, IT support THIS is a tricky one. On one hand, drinks [...]
Hornby sales back in the fast lane January 24, 2010 THE popularity of Scalextric sets helped to put toymaker Hornby’s sales into the fast lane over Christmas. Hornby said the racing game had received a boost after current Formula One grand prix teams were introduced. Toys from Disney/Pixar’s Cars has also helped to fuel the sales rise. The company said demand for its brands from [...]
Adams in strife as parent calls in the administrator January 24, 2010 Childrenswear chain Adams has gone in to administration for the second time in little more than a year, putting 2,000 jobs at risk. Insolvency firm MCR was called in on Friday to Adams’ parent company, JS Childrenswear. MCR partner Paul Clark said “all options” were being considered for the business, which has 120 stores across [...]
A hotel that’s fit for a king January 24, 2010 ON walking into the lobby of Paris’ George V you can tell it’s a grande dame, but it has a twist which makes it immediately memorable. There’s the immaculately designed wrought-iron door frame, 17th century tapestries adorning the walls and acres of marble lining the floors, but it is far from stuffy. Smartly-suited staff smile [...]
Retail sales figures “disappointing” January 22, 2010 RETAIL sales volumes rose by much less than expected in December as a large rise in prices deterred shoppers from splashing out over Christmas, official figures have shown. The Office for National Statistics said the figure rose just 0.3 percent last month, less than the 1.1 percent analysts had expected and the weakest for the [...]
Morrisons is Xmas winner as sales surge January 21, 2010 SUPERMARKET chain WM Morrison posted the biggest rise in Christmas sales among Britain’s top four grocers – but urged caution about 2010. Sales at stores open at least a year rose 6.5 per cent, excluding petrol and VAT, in the six weeks to 3 January. Total revenue rose by 10.8 per cent for the period. [...]