LONDON, Jan 22 (Reuters) – British pub chain JD Wetherspoon
posted a strong second-quarter sales rise and said it
would continue investing in its business and new pubs at the
expense of margins.
The firm, which has grown to over 900 pubs on the back of
popular food and drinks deals, will open between 40 and 50 new
pubs in 2013/14, with similar plans for future years and has
been investing in IT, staff and training in preparation.
LONDON, Jan 21 (Reuters) – British soap and shampoo maker PZ
Cussons said its first-half performance was hurt by weak
emerging market currencies that showed no signs of improving,
prompting a fall in its shares as some analysts cut their
Cussons, the maker of Imperial Leather soaps, nevertheless
posted a 7.9 percent rise in pretax profit to 47.6 million
pounds ($78.16 million) for the six months to Nov. 30 – in line
with expectations – on sales up 4.1 percent to 431.8 million.
LONDON, Jan 16 (Reuters) – British retailers who were able
to tap consumers’ growing love of online shopping and demand for
must-have tablet computers, gadgets and cheap fashion enjoyed
robust trading in an otherwise tough Christmas for the industry.
A raft of trading updates on Thursday showed companies
including Dixons Retail, Europe’s No. 2 electricals
retailer by revenue, Home Retail, Britain’s biggest
household goods group, and online-only grocer Ocado
reported strong sales growth over the key festive period.
LONDON, Jan 13 (Reuters) – Britain’s Sports Direct
has bought close to a 5 percent stake in Debenhams,
raising the possibility of the troubled department store group
selling some of the value retailer’s brands in its stores.
Debenhams shares, which hit a 22-month low of 71 pence after
a New Year’s Eve profit warning, climbed as much as 6.5 percent
on Monday after Sports Direct said it had bought a 4.63 percent
stake and wants to explore how the groups can work together at
an operational level.
LONDON, Jan 9 (Reuters) – Tesco and Marks & Spencer
, the biggest names in British retail, posted heavy falls
in sales in the run up to Christmas, showing no sign of their
much vaunted turnarounds and ratcheting up pressure on their
The 130-year-old M&S reported its 10th consecutive quarter
of falling clothing sales and cut its margin guidance after
fierce discounting by rivals forced Britain’s biggest clothing
retailer to slash prices in the week before Christmas.
LONDON, Jan 8 (Reuters) – Mother and baby products retailer
Mothercare has warned that full-year profit would reach
only half of what analysts had expected, after record Christmas
discounting and a drop in visitors to its stores hit sales and
The surprise statement sent Mothercare shares down 30
percent, wiping 112 million pounds ($183 million) off its stock
market value and adding pressure on Chief Executive Simon
Calver, who is trying to restore the UK division to profit in
the face of fierce competition from online rivals and
LONDON (Reuters) – Domino’s Pizza (DOM.L: Quote, Profile, Research, Stock Buzz), Britain’s biggest pizza delivery company, has posted a surge in fourth-quarter sales, steadying its shares which had been rattled by executive exits and a costly plan to expand in Germany.
Domino’s shares had dropped 20 percent in six months after its German operations suffered higher than anticipated losses and the company surprised investors last month by saying its chief Lance Batchelor would quit in April to join travel and insurance group Saga.
LONDON, Jan 8 (Reuters) – Domino’s Pizza, Britain’s
biggest pizza delivery firm, has posted a surge in
fourth-quarter sales, steadying the nerves of some investors
rattled by management exits and expansion concerns.
Domino’s shares have slipped 20 percent in six months after
its expansion into Germany suffered higher than anticipated
losses and the firm surprised investors last month by saying its
boss Lance Batchelor would quit in April to join travel and
insurance group Saga.
LONDON, Jan 7 (Reuters) – Topps Tiles, Britain’s
largest specialist tile retailer, said an improving economy and
housing market had spurred a better-than-expected start to its
The company’s profits have fallen by almost two-thirds since
2007 as low consumer confidence and a constricted housing market
weighed on sales, but it said on Tuesday the landscape was
LONDON, Jan 2 (Reuters) – The finance chief of Debenhams Plc
quit on Thursday after trading updates showed just how
far the 200-year-old British retailer had fallen behind rivals
John Lewis and House of Fraser over the crucial
The departure of Simon Herrick from Britain’s second-largest
department stores group follows a profit warning on Tuesday, its
second in less than a year, after the company admitted its
margins had been squeezed by heavy discounts that nonetheless
failed to spark a late surge in festive shopping.