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Mothercare UK sales return to growth thanks to online
Mothercare returned to sales growth in the UK in the third quarter following a difficult summer trading period.
Karelian reports positive results from boulder testing
Finland-focused diamond exploration company Karelian Diamond Resources announced on Thursday that it has received further results and a report from the Geological Survey of Finland on the kimberlite boulder discovery made 2. 5km south west of the Lahtojoki Diamond Deposit, which shows that the boulder is derived from an undiscovered kimberlite.
Jupiter affirms strong performance in face of market volatility
FTSE 250 listed Jupiter Fund Management has had a “positive” year with the delivery of strong investment performance, after all fees and net inflows, against a backdrop of market volatility and a variety of macro geopolitical events.
Savills sees FY 'meaningfully ahead' of previous expectations
FTSE 250 estate agent Savills said on Thursday that results for the year to the end of December are likely to be “meaningfully ahead” of its previous expectations following a strong finish to the year.
ASOS retail sales up 36%, ahead of expectations
Online fashion retailer ASOS reported big jump in total retail sales for the four months to the end of December, with a strong performance over the Christmas period.
Dunelm's revenue rebound in second quarter after 'difficult' first
Dunelm’s second quarter revenue improved following a “difficult” first quarter, as the homewear retailer benefited from a recent acquisition that intensified its focus on the online channel.
Tillerson lays down the law to Beijing in South China Sea dispute
Rex Tillerson, Donald Trump's nominee for US secretary of state, has sent a warning to the Chinese government over their actions in the South China Sea.
SuperGroup hikes dividend as Christmas sales accelerate
Amid troubled times for some more established clothing retailers, SuperGroup, the owner of the Superdry fashion brand, lifted its interim dividend by a quarter after a half year where sales and profits grew strongly in the UK and gained traction in the US and China.
HSBC reiterates 'reduce' on Sainsbury's after trading update
J Sainsbury was on the back foot on Thursday as HSBC reiterated a ‘reduce’ rating but raised its target price to 205p from 185p following the supermarket’s third quarter trading update.
Hays describes 'solid' second quarter growth
Hays posted a trading update for its second quarter to 31 December on Thursday, with overall growth described as “solid” at 2%, off the back of underlying growth of 3%, adjusted for working days.
Europe open: Stocks edge lower as healthcare takes a hit; retailers in focus
European stocks were a little weaker in early trade, with healthcare shares under pressure and retailers in focus following trading updates from Marks & Spencer, Tesco, and Primark owner Associated British Foods.
AO World revenue climbs, remains cautious about economic outlook
AO World’s third quarter revenue climbed but the European online electrical retailer remained cautious about the final quarter given the uncertain economic outlook in the UK.
Booker LFL sales up 3.2% in third quarter, on track for full year
FTSE 250 food wholesaler Booker Group posted a 3. 2% increase in third-quarter group like-for-like sales on Thursday and said it remains on course to meet expectations for the year to 24 March.
London open: Stocks edge lower amid deluge of retail updates
Stocks in London edged lower in early trade as investors sank their teeth into a deluge of corporate releases, with retailers in focus following updates from Marks & Spencer, Tesco, Primark owner Associated British Foods, JD Sports, and Debenhams, among others.
Rathbone Brothers reports on 'robust' quarter
Rathbone Brothers announced a trading update for the three months to 31 December on Thursday, with trading in the period described as “robust”, reflecting a rally in investment markets and positive transaction volumes.
Spire Healthcare expecting a mediocre 2017
Independent hospital operator Spire Healthcare Group issued an update for financial year 2016, alongside preliminary guidance for financial year 2017, on Thursday.
Debenhams beats expectations for Christmas trading
Debenhams reported better than expected Christmas trading, with like-for-like sales at the department store group strengthening into January and profit margins remaining in line with targets.
Paysafe full-year revenue ahead of expectations
Global payment provider Paysafe Group issued an unaudited trading update for the year to 31 December on Thursday, reporting continued strong momentum during the second-half as it focused on building a portfolio of payment-related products and services to meet industry needs.
JD Sports sees FY profit ahead of consensus expectations
Sports retailer JD Sports Fashion said on Thursday that headline pre-tax profit for the current financial year is likely to be ahead of consensus market expectations of £200m by up to 15%.
Barratt Developments sees H1 pre-tax profit up 7%
Housebuilder Barratt Developments said pre-tax profit for the six months to the end of December is expected to be up 7% on the same period a year ago, with overall market conditions healthy amid strong demand for new homes.