|Bid||0.00 x 209200|
|Ask||35.10 x 471500|
|Day's range||29.02 - 30.66|
|52-week range||27.10 - 56.06|
|PE ratio (TTM)||7.53|
|Earnings date||18 Apr 2018 - 23 Apr 2018|
|Forward dividend & yield||0.04 (8.50%)|
|1y target est||28.03|
Progressive Web Apps solve mobile challenges like low conversions and high bounce rates by delivering a fast shopping experience to all website visitors. VANCOUVER, British Columbia, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Retailers offering faster, more app-like experiences to mobile web shoppers via Progressive Web Apps (PWAs) are reporting immediate increases in mobile revenue and mobile traffic. Such sites are increasingly mission-critical to ecommerce leaders and IT organizations in the retail sector as mobile emerges as the main driver of continued growth in ecommerce.
Jaeger, Agent Provocateur, and Jones the Bootmaker among the chains that went bust last year. Rising inflation, pension funding, and the National Living Wage are all putting pressure on retailers. LONDON — The number of shops going bust increased last year for the first time in five years, new data shows.
New Look, House of Fraser and Debenhams (Frankfurt: D2T.F - news) bonds hit lows on Monday because of financial stress, but the year's first high-yield deal for online property platform Zoopla will test how far concerns around UK consumer names has spread to the market. ZPG, which operates Zoopla, is out with a £200m 5.5-year non-call two senior unsecured note via HSBC and Lloyds and will market the offering in a roadshow running from Tuesday to Thursday. Zoopla's deal was announced against the backdrop of a sell-off in UK high-yield retailers, with New Look's bonds plummeting by up to six points from Friday's close after reports over the weekend that credit insurers have halted the sale of credit insurance on new shipments to its suppliers, while House of Fraser's £175m 2020 FRN lost over nine points on the back of news that it is renegotiating its rents.
Ripples through the retail sector dented British stocks on Monday as small-cap Mothercare sank by a third after a profit warning, while software firm Micro Focus dropped nearly 17 percent after cutting ...
Britain's Marks & Spencer (Frankfurt: 534418 - news) is expected to report another fall in comparable clothing sales in its Christmas quarter, though the major grocers are forecast to report solid trading as cash-strapped consumers prioritised spend on food and drink. Christmas trading updates from British retailers so far have been mixed.
U.K. stocks end at a record closing high on Thursday, with energy companies among the biggest gainers as oil prices continue their rally to trade around a three-year high.
Debenhams (Frankfurt: D2T.F - news) has issued a profit warning and refused to rule out job losses after a weak festive season - its shares falling 24% in response. In a trading statement that was brought forward from next week, the retailer said it had been forced to slash prices to boost flagging sales - describing business as "highly competitive and volatile". The department store chain said like-for-like sales in the 17 weeks to 30 December in its core UK market fell 2.6% overall.
By Kit Rees and Julien Ponthus LONDON (Reuters) - A rise in oil majors helped pushed the UK's top share index to an all-time high on Thursday but below the level enjoyed by its European peers, as retailers ...
Welcome to the home for real time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market ...
A rise in oil majors helped pushed the UK's top share index to an all-time high on Thursday but below the level enjoyed by its European peers, as retailers hurt after a Debenhams profit warning and house ...
By Helen Reid LONDON (Reuters) - A rally in European stocks picked up pace on Thursday as services growth data for the euro zone confirmed a strengthening economy was bolstering corporate activity. The ...
Following mixed trading updates from Debenhams and Next, Royston Wild considers the investment outlook for both businesses.
It always looked premature to assume, as some commentators did, that the festive season on the high street was all right simply because Next (Frankfurt: 779551 - news) 's Christmas trading was not as bad as feared. Rumours have been swirling in the City for weeks that Debenhams (Frankfurt: D2T.F - news) is struggling - "the share price at 32p tells you something's wrong", one rival retailer told me just before Christmas - and sure enough, the UK's second-biggest department store chain has issued a profits warning . Debenhams is now guiding the market to expect profits during the current financial year of between £55m-65m.
Department store group Debenhams (DEB.L) slashed its annual profit forecast on Thursday after it was forced to cut prices to drive sales of Christmas gifts, illustrating the challenges facing some of Britain's best known retailers. Chief Executive Sergio Bucher said customers had "come late to Christmas", and when they did start shopping its gifts were not special enough to encourage them to buy without discounts. Debenhams is second ranked in department stores by sales value to John Lewis, which said on Wednesday its sales in the week before Christmas rose 8.9 percent.
Department store group Debenhams slashed its annual profit forecast on Thursday after it was forced to cut prices to drive sales of Christmas gifts, illustrating the challenges facing some of Britain's best known retailers. Chief Executive Sergio Bucher said customers had "come late to Christmas", and when they did start shopping its gifts were not special enough to encourage them to buy without discounts. Debenhams (Frankfurt: D2T.F - news) is second ranked in department stores by sales value to John Lewis, which said on Wednesday its sales in the week before Christmas rose 8.9 percent.
A rally in oil majors pushed the UK's top share index to an all-time high on Thursday, though elsewhere retailers were under pressure after a profit warning from Debenhams. Britain's FTSE 100 index was ...
Debenhams sales fell 1.3% over Christmas and the total value of sales decreased 0.8%. CEO blames "challenging" market and increased discounting at rivals. Department store had to cut prices to keep up and profits this year will suffer as a result.
Debenhams Plc’s disastrous Christmas highlighted a widening chasm in the U.K. retail sector between companies that have managed to migrate online to fend off Amazon.com Inc. and those stuck in their stores....
Debenhams PLC has warned on profit after reporting a disappointing start to its post-Christmas sale. In its Christmas trading update released Thursday, the department store chain said like-for-like sales ...
British retailer Debenhams plc (Frankfurt: D2T.F - news) downgraded its profit forecast on Thursday after disappointing trading in the autumn and a poor start to its post-Christmas sale. It said its profit before tax for the year was now likely to be in the range of 55 million to 65 million pounds ($88 million). Debenhams reported underlying profit before tax of 95 million pounds last year and analysts had been expecting a figure of 83 million pounds in 2018, according to Reuters data.
British clothing chain Next (NXT.L) reported better-than-expected Christmas sales, helped by colder weather, sending shares across the sector higher on hopes other retailers have defied forecasts for gloomy festive trading. With Britain's consumers being squeezed by slow wage growth and the jump in inflation that followed the 2016 Brexit vote, expectations for Christmas spending had been subdued. Growth in online sales more than compensated for lower sales in stores.
British clothing chain Next (EUREX: NXTJ.EX - news) reported better-than-expected Christmas sales, helped by colder weather, sending shares across the sector higher on hopes other retailers have defied forecasts for gloomy festive trading. Next shares were up 7.4 percent at 1230 GMT on Wednesday after it also raised its full-year profit forecast, while shares in rivals Marks & Spencer (Frankfurt: 534418 - news) and Primark owner Associated British Foods gained 1.5 and 2.2 percent respectively. With Britain's consumers being squeezed by slow wage growth and the jump in inflation that followed the 2016 Brexit vote, expectations for Christmas spending had been subdued.