HSS Hire plans IPO of £103m on London Stock Exchange January 12, 2015 British tool and equipment hire company HSS Hire has announced its intention to list on the London Stock Exchange next month. An estimated £103m is expected to be raised through the sale of shares during the Initial Public Offering (IPO), although the company could be valued at up to £600m. Existing shareholders will [...]
Black Friday: Why we didn’t spend more, we just spent earlier January 12, 2015 It wasn't just customers Black Friday 2014 took by surprise. Despite their heavy discounting, many retailers were unprepared for the frenzy that took place as shops opened. Words of abuse were exchanged, there were even punch-ups as consumers clamoured to get that last bargain flatscreen telly. And although the spending bonanza has helped lift sales [...]
AO World share price jumps as revenues rise on Black Friday bonanza January 12, 2015 The figures It was less a case of "Black Friday", more a case of "white goods Friday" for recently-listed AO World. Shares in the online washing machine/fridge/dishwasher retailer rose more than five per cent in early trading this morning, after it reported third quarter revenues from its website were up 38 per cent in the three [...]
At last – 99p petrol is here… in Birmingham January 12, 2015 Motorists can finally fill up their tanks for less than £1 a litre – as long as they’re prepared to drive to the Midlands. The bargain petrol went on sale at the Harvest Energy service station in Birmingham for 99.7p. The motoring organisation RAC said the price was the lowest it had seen in the [...]
Christmas party shoes give Kurt Geiger a boost as sales rise 26pc January 11, 2015 Footwear and accessories retailer Kurt Geiger reported a bumper Christmas yesterday, announcing 14 per cent growth in like-for-like sales for the 2014 festive period. Party shoes led the way, with footwear in its occasion category enjoying an increase in sales of 26 per cent and Kurt Geiger’s handbags proved a popular gift, with sales up [...]
Guys just wanna have fun January 11, 2015 JLL’s boss tells Kasmira Jefford why his firm is anything but dull GUY Grainger has something he needs to get off his chest. It seems that some people might think that property and property advisory companies like JLL are, well, let’s say a little bit… dull. “People often say that to me and I think: [...]
Inflation falling after price wars over Christmas – London week ahead January 11, 2015 CONSUMER price inflation figures for December, due out tomorrow, will shine a light on to what extent falling oil prices and intense retail competition have boosted spending power in the UK. Analysts says the fall in inflation is likely to have been tempered by the fact that there was more retail discounting than usual in [...]
Investors keen to see if retail up after oil hit – The week ahead on Wall St January 11, 2015 INVESTORS hope the lower gasoline cost is putting more money in consumers’ wallets for spending on apparel and other retail goods. The next two weeks will indicate whether that’s happening. The coming weeks, as the fourth-quarter earnings season gets underway, are among the more active periods of the year for retailers to issue earnings pre-announcements. [...]
Jaeger latest upmarket retailer to stride ahead of high street January 9, 2015 Fashion retailer Jaeger strode ahead of its high street competitors, reporting stellar sales during the Christmas period. The upmarket brand said like-for-like sales jumped eight per cent in the 13 weeks to January. They were lifted by US-style discount days Black Friday and Cyber Monday. Total sales grew 8.3 per cent, with menswear posting impressive [...]
Tesco share price rallies as chief Dave Lewis wins over City funds, but Moody’s issues junk rating January 8, 2015 Tesco boss Dave Lewis won the cautious backing of stock-pickers yesterday as he unveiled radical plans to cut hundreds of millions of pounds worth of costs in a bid to revive the fortunes of the troubled supermarket. Shares rallied 15 per cent, marking their biggest one-day gain in six years. Yet lenders to the retail [...]