Poundland owner Pepco shuns London to float in Warsaw April 26, 2021 Poundland owner Pepco this morning announced its intention to go public in Poland, in a blow for London’s financial market. Pepco said it intends to apply for listing and admission to the Warsaw Stock Exchange, and said it had chosen Poland as it is the firm’s largest operating area. The discount retailer, which has more [...]
Discounter Pepco sets sights on Europe with 400 store openings February 19, 2021 The owner of British discount retailer Poundland has targeted 400 store openings across Europe in the upcoming financial year as it expands its Pepco brand, its boss said on Friday. The group opened 327 new stores in the previous financial year, taking the total to more than 3,000 across 15 countries. Italian confidence Pepco entered [...]
Screenshot: How Reddit shone a light on the madness of markets January 29, 2021 This week **Media Moment of the Week: Das ist Numberwang! **How Redditors beat the market at its own game **Do influencers need a rebrand? Media Moment of the Week: Das ist Numberwang! This week’s media moment is one that journalists the world over would probably rather forget but, being the intrepid media reporter that I [...]
FTSE 100 dips as sterling rallies and investors await big tech earnings January 27, 2021 The FTSE 100 fell on Wednesday as sterling rallied amid US stimulus speculation and investors eyed a busy day of tech earnings on Wall Street. London’s blue-chip index is down 2.2 per cent to 6,539 points while the more domestically-focused FTSE 250 was trading flat. Boris Johnson confirmed the third lockdown would continue until 8 [...]
Fresnillo forecasts fall in gold production due to landslide January 27, 2021 Precious metals miner Fresnillo today said that gold production would fall over the coming year due to a landslip at one of its mines. The FTSE 100 company said that full year gold output for 2021 was expected to come in at 675 to 725 k/oz. This year the firm reported production of 769 k/oz, [...]
Poundland sales grow as discount store chain introduces new price points and product lines January 27, 2021 Poundland owner Pepco reported a jump in revenue in the first quarter due to its status as an essential retailer and its introduction of new price points and product lines including clothing and homeware. The discount store chain, which trades as Pepco and Dealz in Europe and Poundland in the UK, said group like-for-like sales [...]
Shakespeare: Poundland set to cash in on luxury homeware September 2, 2020 Homeware retailers reported record sales throughout lockdown, as Britons spent more time at home than ever, and decided to make their homes and gardens nicer. Previous YouGov data from April showed that one in ten households had ordered indoor furniture or homeware products online since lockdown began (10%) while 16% had bought outdoor furniture or [...]
Profit slides at Poundland owner Pepco amid pandemic June 23, 2020 Pepco Group suffered a more than 16 per cent slide in profit in the first half of its 2020 financial year, damaged by a lack of sales during the coronavirus pandemic. The owner of Poundland reported an income of €89m (£80m) in the six months to March, having posted €116m in profit up until February. [...]
Poundland sale delayed due to CEO’s illness amid market volatility March 12, 2020 Poundland owner Steinhoff International has reportedly paused the potential sale of its European arm Pepco amid increased market volatility and its chief executive’s leave of absence. Steinhoff announced last year that it was mulling a range of strategic options for Pepco Group, which contains Poundland, including a potential public listing. However the process has been [...]
Poundland-owner Pepco’s boss says sale ‘almost inevitable’ February 5, 2020 The chief executive of Poundland-owner Pepco Group said it is “almost inevitable” the company will be sold, as the retailer updated the market on its strong Christmas trading last year. Pepco Group boss Andy Bond said it is likely that its owner Steinhoff will sell the firm, adding he is “genuinely open minded” on the [...]