After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Mothercare share prise rises as retailer hails first underlying UK sales growth in five years May 21, 2015 Shares in Mothercare rose 4.6 per cent yesterday as turnaround efforts under chief executive Mark Newton-Jones continued to pay off, with the retailer reporting its first full-year sales growth in five years. The child and baby products chain has had a tumultous year, in which it had to fend off a takeover offer from a [...]
Travel caterer SSP serves maiden dividend after booking a profit May 21, 2015 TRAVEL caterer SSP yesterday handed shareholders its maiden dividend since floating on the London stock market last year, as it reported a surge in profits. SSP, which owns and runs franchises in airports and train stations for retailers including Marks & Spencer, said operating profit rose by 28 per cent to £25.2m in the six [...]
Focus on Poplar: There’s good reason it’s getting so popular, you know May 21, 2015 It hasn’t always been so popular to live in Poplar. Its postcode, E14, has held the dubious honour of being the most unequal in the UK, as its East End estates sit a stone’s throw away from the shimmering towers of Canary Wharf. It’s now best known in the nation’s mindset as the impoverished setting [...]
UK retail sales smash expectations rising 4.7 per cent year-on-year May 21, 2015 The retail sector smashed expectations as warm weather encouraged shoppers on to high streets across the UK last month. Retail sales volumes (excluding fuel) were up 4.7 per cent year-on-year, gaining 1.2 per cent from March, beating economist expectations of 3.7 per cent and 0.4 per cent. This was driven by textiles, clothing and footwear, [...]
Mothercare’s share price soars as group losses narrow under Mark Newton-Jones turnaround plan May 21, 2015 Mothercare's share price soared more than six per cent this morning as the turnaround under chief executive Mark Newton-Jones takes shape, with group losses narrowing by nearly a third. The figures Underlying pre-tax profits at the childcare retailer soared 37 per cent to £13m for the 52 weeks to March 28. After exceptional items [...]
Marks & Spencer smartens up: Marc Bolland says turnaround plan is finally working as profit rises May 20, 2015 Marks & Spencer chief executive Marc Bolland was cautiously optimistic yesterday that the high street stalwart had turned a corner towards recovery, as the retailer posted its first profit rise in four years. The retailer, which has been battling to revive its clothing arm, reported a 6.1 per cent rise in pre-tax profits to [...]
Sensible savers shun the fun for pension funds May 20, 2015 HARGREAVES Lansdown yesterday gave the first hint of how pensioners have reacted to newfound pension freedoms introduced last month – by being sensible and investing the cash. The investment company, led by boss Ian Gorham, revealed record results for the first four months of the year, driven by new pensions business. Gorham said early indications [...]
Burberry share price falls as the group lowers its outlook for 2016 May 20, 2015 Shares in Burberry fell more than 5.4 per cent this morning after the iconic British brand lowered its guidance for the full year, saying wholesale and retail profit for 2016 would come in around £40m below expectations. The figures Underlying revenues at luxury brand Burberry rose 11 per cent to £2.5bn in the full year to [...]
Marks & Spencer’s share price rises after it posts first profit increase in four years May 20, 2015 Marks & Spencer has beaten expectations as its returns to profit growth – but its full year results show a mixed performance across the group. Nevertheless investors were impressed with shares rising 1.4 per cent to 593p in mid-morning trade. [stockChart code="MKS" date="2015-05-20"] The figures Marks & Spencer has beaten expectations on its underlying pre-tax [...]
Topps Tiles says DIY is shrinking May 19, 2015 TOPPS TILES boss Matt Williams said consumers were shifting away from carrying out DIY projects themselves, as the growth of its trades business helped the retailer post better-than-expected first-half profits. Williams said trade sales increased to 48.3 per cent of the business from 44 per cent last year. “People are becoming more adventurous with their [...]